$260,000
SOLD AUG 29, 2023

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

$260 Per Sq Ft

1 Day on Market

Highlights

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

About This Home

As of July 2025

STUNNING! Most sought after, largest 1 BR floor plan overlooking West grounds. Cleverly designed, recent renovations includes KNOCKOUT kitchen, walk-in shower, dual vanity, & laundry area. Grand entrance, 9ft ceilings, exquisite crown molding, hardwood thru out LR/DR combo, lots of natural light. Spacious bedroom can accommodate home office; huge walk-in closet. Use Monarch's fabulous guest suite when you need a second BR. Unmatched amenities & services low HOA fees, wonderful community!

Last Agent to Sell the Property

Belinda Raines

Faith Management & Realty Grou License #316831 Listed on: 07/20/2023

Last Buyer's Agent

Belinda Raines

Faith Management & Realty Grou License #316831 Listed on: 07/20/2023

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,595

Year Built

  • Built in 1987

Lot Details

  • Dog Run
  • Wrought Iron Fence
  • Wood Fence
  • Brick Fence
  • Landscaped Professionally
  • Sprinklers on Timer
  • Few Trees

Home Design

  • Soft Contemporary Architecture
  • Slab Foundation
  • Built-Up Roof
  • Synthetic Stucco Exterior

Interior Spaces

  • 100-999 Sq Ft Home
  • 991 Sq Ft Home
  • 1-Story Property
  • Built-in Bookshelves
  • Smooth Ceilings
  • Ceiling height of 9 feet or more
  • Some Wood Windows
  • Window Treatments
  • Aluminum Window Frames
  • Entrance Foyer
  • Combination Dining and Living Room

Kitchen

  • Updated Kitchen
  • Self-Cleaning Oven
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • Walk-In Closet
  • Dressing Area
  • Remodeled Bathroom
  • 1 Full Bathroom
  • Powder Room
  • Dual Vanity Sinks in Primary Bathroom
  • Separate Shower

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Home Security

  • Monitored
  • Termite Clearance

Parking

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

Accessible Home Design

  • Handicap Modified

Pool

  • In Ground Pool
  • Pool Equipment or Cover

Outdoor Features

  • Lake On Lot
  • Courtyard
  • Covered patio or porch
  • Outdoor Storage
  • Outdoor Gas Grill

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 067086 B00057

Community Details

Overview

  • Property has a Home Owners Association
  • $318 Maintenance Fee
  • Association fees include some utilities, water/sewer, trash collection, exterior maintenance, grounds maintenance, management fees, exterior insurance, reserve fund, parking
  • 110 Units
  • Mid-Rise Condominium
  • Monarch Condominiums Community
  • 1St Amendment To The Monarch Condos Subdivision
  • Property managed by Keith Collins

Amenities

  • Trash Chute
  • Clubhouse
  • Guest Suites

Recreation

Security

  • Fire and Smoke Detector
  • Fire Escape

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: Soft Contemporary
  • Attached Unit Type: 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
  • Price Per Sq Ft: 262.36
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 991
  • Termite Contract: Yes
  • Year Built: 1987
  • List Price/ Sq Ft: 262
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Kitchen, Primary Bedroom, 1 Bath, Laundry Room
  • Additional Bedroom Bathroom Info: All Bedrooms Down, 1 or More BR Down, Primary Down, Renovated Bathroom, Luxury Primary Bath, Double Vanity Bath, Full Bath Down
  • Estimated Heated Sq Ft Range: 100-999
  • Bedrooms: 1
  • Bedrooms Down: 1
  • Floors/Ceilings: Hardwood Throughout, Tile, Smooth Ceiling, 9 or more Ft. Ceiling
  • Full Bathrooms: 1
  • Equipment: Range/Oven, Self Cleaning Oven, Disposal, Dishwasher, Microwave, Refrigerator, Cable Wired
  • Living Dining Kitchen: LR/DR Combination, Updated/Renovated Kitchen, Washer/Dryer Connections
  • Misc Interior: All Window Treatments, Walk-In Closet(s), Powder/Dressing Room, Handicap Design, Security System, Smoke Detector(s), Monitored Alarm, 2 or More Elevators, Trash Chute
  • Other Rooms: Laundry Closet, Entry Hall
  • Total Bathrooms: 1
  • Primary Bathroom Description: Double Sinks, Separate Shower, Dressing Area, Smooth Ceiling, Tile Floor
  • P R I M A R Y B E D R O O M: Level 1, Walk-In Closet, Full Bath, Built-In Cabinets/Bkcases, Smooth Ceiling, Tile Floor, Hardwood Floor

Exterior Features

  • Misc Exterior: Auto Lawn Sprinkler, Pool Cleaning Equipment, Gas Grill, Covered Patio, Tennis Court, Courtyard, Well Landscaped Grounds, Brick or Stone Fence, Wood Fence, Storage, Pet Area, Sidewalks, Fire Escape, Brick/Ironed Fence, Iron Fence
  • Exterior Windows: Brick Veneer, Aluminum/Steel Siding, Synthetic Stucco, Wood Window(s)
  • Foundation: Slab
  • Pool Description: In Ground
  • Roof: Built-Up/Flat

Garage/Parking

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

Utilities

  • Cooling: Central
  • Heating: Central, Electric Heat Pump
  • 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
  • Condominium Association: Yes
  • Condominium Name: Monarch Condominiums
  • Management Company: Keith Collins

Fee Information

  • Monthly Maintenance Fee: 318

Lot Info

  • Lot Description: Some Trees, Lake/Pond on Property, Professionally Landscaped, Wood Fenced, Brick/Stone Fenced
  • Lot Number: UNIT 302
  • Acreage: 5.5
  • Price Per Acre: 47273

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: 10152624

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 $260,000, approximately $260 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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