$255,000

The Monarch Condominiums 5400 Park Ave Unit 303 Memphis, TN 38119

Colonial Acres Neighborhood

Estimated payment $1,453/month

Total Views 21
1 Bed
1 Bath
820 Sq Ft
$311 Price per Sq Ft

Highlights

  • Water Views
  • Fitness Center
  • In Ground Pool
  • White Station High Rated A
  • Tennis Courts
  • Lake On Lot

About This Home

Fabulous opportunity to rent at the exclusive Monarch. Ideally located on third floor facing the fountains on Park Avenue with natural light shining through the Juliet balcony. Unmatched amenities include pool, gym, guest suite, elegant Pauline Room for entertaining, library, on-site property manager and security/concierge to assist in every way. 9ft ceilings and hardwood throughout. Recent renovations include walk-in tile shower and vanity, new kitchen cabinets and quartz countertops. Spacious bedroom with huge walk-in closet. Recessed lighting. Washer/dryer in condo. Enjoy carefree living at its best, lock and leave with no worries. A great second home in the heart of East Memphis convenient to the best restaurants, shopping and a 15 minute drive to the airport. You will love living at The Monarch!

Listing Agent

Belinda Raines

Faith Management & Realty Grou License #316831 Listed on: 11/06/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,426

Year Built

  • Built in 1987

Lot Details

  • 5.5 Acre Lot
  • 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

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

Kitchen

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

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • Sitting Area In Primary Bedroom
  • 1 Primary Bedroom on Main
  • Walk-In Closet
  • Dressing Area
  • Remodeled Bathroom
  • 1 Full Bathroom

Laundry

  • Laundry closet
  • Dryer
  • Washer

Home Security

  • Monitored
  • Security Gate
  • Fire and Smoke Detector
  • Termite Clearance

Parking

  • 1 Parking Space
  • Guest Parking
  • Assigned Parking

Pool

  • In Ground Pool
  • Pool Equipment or Cover

Outdoor Features

  • Lake On Lot
  • Tennis Courts
  • Courtyard
  • Covered Patio or Porch
  • Outdoor Gas Grill

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 067086 B00058

Community Details

Overview

  • Property has a Home Owners Association
  • $261 Maintenance Fee
  • Association fees include exterior insurance, exterior maintenance, grounds maintenance, parking, pest control contract, reserve fund, some utilities, trash collection, water/sewer
  • Mid-Rise Condominium
  • The Monarch Community
  • 1St Amendment To The Monarch Condos Subdivision
  • Property managed by Keith Collins Compan

Amenities

  • Trash Chute
  • Clubhouse
  • Guest Suites

Recreation

Security

  • Security Guard
  • Building Fire Alarm

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,426

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Soft Contemporary
  • Attached Unit Type: Mid Rise (3-6 Stories)
  • Detached Unit Type: General Residential
  • Cross Street: Estate
  • MAAR Subdivision Name: THE MONARCH CONDOMINIUMS
  • Condo: Yes
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 820
  • Termite Contract: Yes
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Kitchen, Primary Bedroom, 1 Bath
  • Additional Bedroom Bathroom Info: All Bedrooms Down, 1 or More BR Down, Primary Down, Renovated Bathroom, Full Bath Down
  • 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
  • Living Dining Kitchen: LR/DR Combination, Updated/Renovated Kitchen, Breakfast Bar, Pantry, Washer/Dryer Connections
  • Misc Interior: All Window Treatments, Walk-In Closet(s), Cat/Dog Free House, Security System, Smoke Detector(s), Monitored Alarm, Elevator, 2 or More Elevators, Trash Chute
  • Other Rooms: Laundry Closet
  • Primary Bathroom Description: Dressing Area, Smooth Ceiling, Tile Floor
  • P R I M A R Y B E D R O O M: Full Bath, Hardwood Floor, Level 1, Smooth Ceiling, Sitting Area, Walk-In Closet

Exterior Features

  • Misc Exterior: Auto Lawn Sprinkler, Pool Cleaning Equipment, Gas Grill, Covered Patio, Tennis Court, Well Landscaped Grounds, Brick or Stone Fence, Wood Fence, Sidewalks, Brick/Ironed Fence
  • Exterior Windows: Brick Veneer, Synthetic Stucco, 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: Gate Clickers, Assigned Parking, Designated Guest Parking

Utilities

  • Cooling: Central
  • Heating: 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 Sewer, Public Water

Association/Amenities

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

Fee Information

  • Monthly Maintenance Fee: 261

Lot Info

  • Lot Description: Some Trees, Lake/Pond on Property, Water View, Professionally Landscaped, Wood Fenced, Brick/Stone Fenced, Brick/Iron Fenced
  • Lot Number: UNIT 303
  • Acreage: 5.5
  • Geo Subdivision: TN

Tax Info

  • Assessor Parcel Number: 067086 B00058

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 $1,426 $55,975 $4,125 $51,850
2024 $1,426 $42,050 $4,125 $37,925
2023 $2,562 $42,050 $4,125 $37,925
2022 $2,562 $42,050 $4,125 $37,925
2021 $1,451 $42,050 $4,125 $37,925
2020 $2,328 $32,125 $4,125 $28,000
2019 $1,027 $32,125 $4,125 $28,000
2018 $1,027 $32,125 $4,125 $28,000
2017 $1,051 $32,125 $4,125 $28,000
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
11/06/2025 11/06/25 For Sale $255,000 0.0% $311 / Sq Ft
11/06/2025 11/06/25 For Rent $1,800 +12.5% --
03/22/2022 03/22/22 Rented $1,600 0.0% --
03/03/2022 03/03/22 For Rent $1,600 -11.1% --
07/30/2020 07/30/20 Rented $1,800 +12.5% --
07/29/2020 07/29/20 Price Changed $1,600 -11.1% $2 / Sq Ft
07/22/2020 07/22/20 For Rent $1,800 0.0% --
08/12/2019 08/12/19 Sold $165,000 0.0% $1,650 / Sq Ft View Prior Sale
07/25/2019 07/25/19 Pending -- -- --
07/24/2019 07/24/19 For Sale $165,000 +26.9% $1,650 / Sq Ft
01/30/2015 01/30/15 Sold $130,000 -3.6% $1,300 / Sq Ft View Prior Sale
01/23/2015 01/23/15 Pending -- -- --
12/04/2014 12/04/14 For Sale $134,900 -- $1,349 / Sq Ft
Source: Memphis Area Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $165,000 None Available
Warranty Deed $130,000 Fntg
Interfamily Deed Transfer -- None Available
Warranty Deed $165,700 None Available
Source: Public Records

Source: Memphis Area Association of REALTORS®

MLS Number: 10209208

Memphis Area Association of REALTORS®

APN: 06-7086-B0-0058

Tennessee Shelby County Memphis 38119 Colonial Acres

5400 Park Ave Unit 303, Memphis, TN

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Listing Agent
Belinda Raines
Section Image
Faith Management & Realty Grou
(901) 665-4121