$262,500

The Monarch Condominiums 5400 Park Ave Unit 302 Memphis, TN 38119

Colonial Acres Neighborhood

Estimated payment $1,525/month

Total Views 5,757
1 Bed
1 Bath
800-999 Sq Ft
$263 Price per Sq Ft

Highlights

  • Fitness Center
  • In Ground Pool
  • Gated Parking
  • White Station High Rated A
  • Lake On Lot
  • Updated Kitchen

About This Home

Stunning! Most sought after largest 1 br floorplan overlooking West grounds. Cleverly designed, recent renovations include knockout kitchen, walk-in shower, dual vanity, laundry area. Grand entrance, 9ft ceilings, crown molding,hardwood thru out So much natural light, spacious bedroom w/huge walk-in closet. Unmatched amenities & services, friendly community, low HOA fees and utilities. Use the Monarch's guest suite when you need a second bedroom. Lock & leave, ideally located in heart of E. Mphs. Listing agent lives on property and can show anytime. This condo has it all, move in ready. Perfection.

Listing Agent

Belinda Raines

Faith Management & Realty Grou License #316831 Listed on: 07/17/2025

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,595

Year Built

  • Built in 1988

Lot Details

  • End Unit
  • Wrought Iron Fence
  • Wood Fence
  • Brick Fence
  • Landscaped Professionally
  • Sprinklers on Timer
  • Few Trees

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Built-Up Roof

Interior Spaces

  • 800-999 Sq Ft Home
  • 994 Sq Ft Home
  • 1-Story Property
  • Smooth Ceilings
  • Ceiling height of 9 feet or more
  • Some Wood Windows
  • Double Pane Windows
  • Window Treatments
  • Combination Dining and Living Room

Kitchen

  • Updated Kitchen
  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • Walk-In Closet
  • Remodeled Bathroom
  • 1 Full Bathroom
  • Powder Room

Laundry

  • Laundry closet
  • Dryer
  • Washer

Home Security

  • Security Gate
  • Monitored
  • Termite Clearance

Parking

  • 1 Covered Space
  • Gated Parking
  • Guest Parking
  • Assigned Parking

Pool

  • In Ground Pool
  • Pool Equipment or Cover

Outdoor Features

  • Lake On Lot
  • Courtyard
  • Outdoor Gas Grill

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Vented Exhaust Fan
  • Electric Water Heater
  • Cable TV Available

Community Details

Overview

  • Property has a Home Owners Association
  • $317 Maintenance Fee
  • Association fees include some utilities, water/sewer, trash collection, exterior maintenance, grounds maintenance, management fees, exterior insurance, reserve fund, parking, pest control contract
  • 110 Units
  • Mid-Rise Condominium
  • The Monarch Community
  • Amended And Restated Master Deed Subdivision
  • Property managed by Keith Collins

Amenities

  • Trash Chute
  • Clubhouse
  • Guest Suites

Recreation

Pet Policy

  • No Pets Allowed

Security

  • Security Guard
  • Building Fire Alarm
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,595

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Traditional
  • Attached Unit Type: End Unit, Mid Rise (3-6 Stories)
  • Detached Unit Type: General Residential
  • Cross Street: Estate
  • MLS Map #: 759C
  • MAAR Subdivision Name: THE MONARCH CONDOMINIUMS
  • Condo: Yes
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 994
  • Termite Contract: Yes
  • Year Built: 1988
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down, Renovated Bathroom, Full Bath Down
  • Estimated Heated Sq Ft Range: 800-999
  • Bedrooms: 1
  • Bedrooms Down: 1
  • Floors/Ceilings: Hardwood Throughout, Tile, Smooth Ceiling, 9 or more Ft. Ceiling
  • Full Bathrooms: 1
  • Equipment: Range/Oven, Disposal, Dishwasher, Microwave, Refrigerator, Washer, Dryer, Cable Wired, Cable Available
  • Living Dining Kitchen: LR/DR Combination, Updated/Renovated Kitchen, Washer/Dryer Connections
  • Misc Interior: All Window Treatments, Walk-In Closet(s), Powder/Dressing Room, Cat/Dog Free House, Smoke Detector(s), Monitored Alarm, 2 or More Elevators, Vent Hood/Exhaust Fan, Trash Chute
  • Other Rooms: Laundry Closet
  • Total Bathrooms: 1
  • P R I M A R Y B E D R O O M: Level 1, Walk-In Closet, Full Bath, Smooth Ceiling, Hardwood Floor

Exterior Features

  • Misc Exterior: Auto Lawn Sprinkler, Pool Cleaning Equipment, Gas Grill, Tennis Court, Well Landscaped Grounds, Brick or Stone Fence, Wood Fence
  • Exterior Windows: Brick Veneer, Wood Window(s), Double Pane Window(s)
  • Foundation: Slab
  • Pool Description: In Ground
  • Roof: Built-Up/Flat

Garage/Parking

  • Number Covered Parking Spaces: 1
  • Parking Display: C1D
  • Parking Storage: Gated Parking, Gate Clickers, Assigned Parking, Designated Guest Parking

Utilities

  • Cooling: Central
  • Heating: Central, Electric, Electric Heat Pump
  • Security: Fire Alarm, Monitored Alarm System, Smoke Detector(s), Security Gate, Limited Access, Part Time Guard Service, Dead Bolt Lock(s), Closed Circuit TV
  • Water Sewer: Electric Water Heater, Public Water, Public Sewer

Association/Amenities

  • Condo Amenities: Lighted Tennis Court(s), Exercise Room, Clubhouse w/ Kitchen, Guest Rm Available, Courtyard, Lake/Pond on Property
  • Condo Fees Include: Some Utilities, Water/Sewer, Trash Collection, Exterior Maintenance, Grounds Maintenance, Management Fees, Exterior Insurance, Reserve Fund, Parking, Pest Control Contract
  • Condominium Association: Yes
  • Condominium Name: The Monarch
  • Management Company: Keith Collins

Fee Information

  • Monthly Maintenance Fee: 317

Lot Info

  • Lot Description: Some Trees, Lake/Pond on Property, Corner, Professionally Landscaped, Wood Fenced, Brick/Stone Fenced, Iron Fenced
  • Acreage: 5.5
  • Price Per Acre: 47727
  • Geo Subdivision: TN

Multi Family

  • Number Of Rooms: 4

Map

About The Monarch Condominiums

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,595 $63,450 $5,025 $58,425
2024 -- $47,050 $5,025 $42,025
2023 $2,866 $47,050 $5,025 $42,025
2022 $2,866 $47,050 $5,025 $42,025
2021 $2,900 $47,050 $5,025 $42,025
2020 $2,670 $36,850 $5,025 $31,825
2019 $2,670 $36,850 $5,025 $31,825
2018 $2,670 $36,850 $5,025 $31,825
2017 $1,515 $36,850 $5,025 $31,825
2016 $1,136 $26,000 $0 $0
2014 $1,136 $26,000 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/17/2025 07/17/25 For Sale $262,500 +1.0% $328 / Sq Ft
07/10/2025 07/10/25 Sold $260,000 0.0% $325 / Sq Ft View Prior Sale
07/10/2025 07/10/25 For Sale $260,000 0.0% $325 / Sq Ft
08/29/2023 08/29/23 Sold $260,000 0.0% $2,600 / Sq Ft View Prior Sale
07/21/2023 07/21/23 Pending -- -- --
07/20/2023 07/20/23 For Sale $260,000 +91.2% $2,600 / Sq Ft
06/20/2014 06/20/14 Sold $136,000 -2.9% $1,360 / Sq Ft View Prior Sale
03/27/2014 03/27/14 Pending -- -- --
03/13/2014 03/13/14 For Sale $140,000 0.0% $1,400 / Sq Ft
04/23/2012 04/23/12 Rented $1,250 0.0% --
04/23/2012 04/23/12 Under Contract -- -- --
04/15/2012 04/15/12 For Rent $1,250 -- --
Source: Memphis Area Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $360,000 None Listed On Document
Warranty Deed $260,000 None Listed On Document
Warranty Deed $136,000 Home Surety Title & Escrow L
Warranty Deed $152,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $108,800 New Conventional
Source: Public Records

Source: Memphis Area Association of REALTORS®

MLS Number: 10201389

Memphis Area Association of REALTORS®

APN: 06-7086-B0-0057

Tennessee Shelby County Memphis 38119 Colonial Acres

5400 Park Ave Unit 302, Memphis, TN

This home is located at 5400 Park Ave Unit 302, Memphis, TN 38119 and is currently priced at $262,500, approximately $262 per square foot. This property was built in 1988. 5400 Park Ave Unit 302 is a home located in Shelby County with nearby schools including Sea Isle Elementary School, Colonial Middle, and White Station High.

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Listing Agent
Belinda Raines
Section Image
Faith Management & Realty Grou
(901) 582-8101