$136,000
SOLD JUN 20, 2014

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

Colonial Acres Neighborhood
1 Bed
1 Bath
100-999 Sq Ft
6 Acres

Recently Sold

$136 Per Sq Ft

3% Below List Price

14 Days on Market

Highlights

  • Fitness Center
  • In Ground Pool
  • Clubhouse
  • White Station High Rated A
  • Updated Kitchen
  • Traditional Architecture

About This Home

As of July 2025

Knockout! Renovated, spacious floorplan with grand entrance, hardwood, 9 ft ceilings. Large master with huge walk-in closet, tiled bath with dressing area. Updated kitchen with granite and new cabinets. Quiet corner location. Unmatched amenities!

Last Agent to Sell the Property

Belinda Raines

Faith Management & Realty Grou License #316831 Listed on: 03/13/2014

Last Buyer's Agent

Belinda Raines

Faith Management & Realty Grou License #316831 Listed on: 03/13/2014

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,595

Year Built

  • Built in 1987

Home Design

  • Traditional Architecture

Interior Spaces

  • 100-999 Sq Ft Home
  • 991 Sq Ft Home
  • 1-Story Property
  • Some Wood Windows
  • Combination Dining and Living Room
  • Termite Clearance
  • Updated Kitchen

Flooring

  • Wood
  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Parking

  • 1 Car Detached Garage
  • Carport
  • Guest Parking
  • Assigned Parking

Outdoor Features

  • In Ground Pool

Utilities

  • Central Heating and Cooling System
  • Heat Pump System

Listing and Financial Details

  • Assessor Parcel Number 067086 B00057

Community Details

Overview

  • Property has a Home Owners Association
  • $288 Maintenance Fee
  • 110 Units
  • Mid-Rise Condominium
  • The Monarch Community
  • 2Nd Amendment To The Monarch Condos Subdivision
  • Property managed by Ledic

Amenities

  • Clubhouse

Recreation

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,595

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Traditional
  • Attached Unit Type: Mid Rise (3-6 Stories)
  • MLS Map #: 759C
  • MAAR Subdivision Name: THE MONARCH CONDOMINIUMS
  • Condo: Yes
  • List Price Per Sq Ft: 137
  • Number Of Stories: 1
  • Price Per Sq Ft: 137.24
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 991
  • Termite Contract: Yes
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down, Luxury Primary Bath
  • Estimated Heated Sq Ft Range: 100-999
  • Bedrooms: 1
  • Bedrooms Down: 1
  • Floors/Ceilings: Part Hardwood, Part Carpet, Tile
  • Full Bathrooms: 1
  • Living Dining Kitchen: LR/DR Combination, Updated/Renovated Kitchen
  • Total Bathrooms: 1

Exterior Features

  • Misc Exterior: Tennis Court
  • Exterior Windows: Wood/Composition
  • Pool Description: In Ground

Garage/Parking

  • Attached Detached Parking: Detached
  • Carport Garage: Carport
  • Number Covered Parking Spaces: 1
  • Parking Display: C1D
  • Parking Storage: Assigned Parking, Designated Guest Parking

Utilities

  • Cooling: Central
  • Heating: Central, Electric Heat Pump

Association/Amenities

  • Condo Amenities: Lighted Tennis Court(s), Exercise Room, Clubhouse w/ Kitchen
  • Condominium Association: Yes
  • Condominium Name: The Monarch
  • Management Company: Ledic

Fee Information

  • Monthly Maintenance Fee: 288

Lot Info

  • Lot Number: UNIT 302

Multi Family

  • Number Of Rooms: 4

Tax Info

  • Assessor Parcel Number: 067086 B00057

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2025
Closed on
Jul 10, 2025
Sold by
Winchester Cynthia
Bought by
Harden Kimberly A
Seller's Agent
Belinda Raines
Faith Management & Realty Grou
Buyer's Agent
Belinda Raines
Faith Management & Realty Grou
List Price
$260,000
Sold Price
$260,000
Views
1

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.15%

Purchase Details

Listed on
Jul 20, 2023
Closed on
Aug 29, 2023
Sold by
Harden Kimberly A
Bought by
Winchester Cynthia
Seller's Agent
Belinda Raines
Faith Management & Realty Grou
Buyer's Agent
Belinda Raines
Faith Management & Realty Grou
List Price
$260,000
Sold Price
$260,000
Views
25

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.00%
Original Mortgage
$130,000
Interest Rate
6.69%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Mar 13, 2014
Closed on
Jun 20, 2014
Sold by
Farese Steve E
Bought by
Harden Kimberly A
Seller's Agent
Belinda Raines
Faith Management & Realty Grou
Buyer's Agent
Belinda Raines
Faith Management & Realty Grou
List Price
$140,000
Sold Price
$136,000
Premium/Discount to List
-$4,000
-2.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.30%
Original Mortgage
$108,800
Interest Rate
4.28%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 31, 2009
Sold by
Bristol Park Palace Llc
Bought by
Farese Steven E
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 $130,000 Credit Line Revolving
Previous Owner $108,800 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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
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
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®

Tax History Compared to Growth

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

Agents Affiliated with this Home

  • B

    Seller's Agent in 2025

    Belinda Raines

    Faith Management & Realty Grou

    (901) 752-8983

    39 in this area

    40 Total Sales

    Belinda Raines
    Section Image
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About The Monarch Condominiums

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 3292454

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 $136,000, approximately $136 per square foot. This property was built in 1987. 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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