NOT LISTED FOR SALE

The Monarch Condominiums 5400 Park Ave Unit 306 Memphis, TN 38119

Colonial Acres Neighborhood

Estimated Value: $202,460 - $228,000

1 Bed
1 Bath
820 Sq Ft
5.5 Acres

Highlights

  • Gated with Attendant
  • In Ground Pool
  • Gated Parking
  • White Station High Rated A
  • Lake On Lot
  • Lake View

About This Home

As of March 2018

Fully Furnished corporate rental at the exclusive Monarch Condominiums. Private, secure, quiet and perfectly located in the heart of East Memphis. Unmatched amenities include security/concierge, on-site property manager, gym, guest suite, Pauline Room for entertaining guests, pool, tennis court on 5.5 acres of beautifully maintained grounds. This lovely third floor condo overlooking Park Ave has everything you need to feel right at home. Listing agent available to show at your convenience.

Last Agent to Rent the Property

Belinda Raines

Faith Management & Realty Grou License #316831 Listed on: 02/10/2018

Last Renter's Agent

Belinda Raines

Faith Management & Realty Grou License #316831 Listed on: 02/10/2018

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,369

Year Built

  • Built in 1980

Lot Details

  • Brick Fence
  • Landscaped Professionally
  • Sprinklers on Timer
  • Few Trees

Home Design

  • Slab Foundation
  • Built-Up Roof
  • Synthetic Stucco Exterior

Interior Spaces

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

Kitchen

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

Flooring

  • Wood
  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry closet
  • Dryer
  • Washer

Home Security

  • Monitored
  • Iron Doors

Parking

  • 1 Covered Space
  • Gated Parking

Pool

  • In Ground Pool
  • Pool Equipment or Cover

Outdoor Features

  • Lake On Lot
  • Courtyard
  • Patio
  • Outdoor Gas Grill

Utilities

  • Central Air
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 067086 B00061

Community Details

Overview

  • Mid-Rise Condominium
  • 2Nd Amendment To The Monarch Condos Subdivision
  • Mandatory Home Owners Association

Pet Policy

  • No Pets Allowed

Security

  • Gated with Attendant
  • Fire and Smoke Detector

Recreation

  • Tennis Courts

Condo Details

Home Type

Condominium

Est. Annual Taxes

$1,369

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Class: Rental Properties
  • Type: Rental
  • Style Code Use: General Residential, 3rd FL Multi-Story Condo, Mid Rise
  • MLS Map #: 759C
  • MAAR Subdivision Name: THE MONARCH CONDOMINIUMS
  • List Price Per Sq Ft: 2
  • Number Of Stories: 4
  • Price Per Sq Ft: 1.83
  • Estimated Sq Ft: 820
  • Year Built: 1980
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Kitchen, Primary Bedroom, 1 Bath
  • Additional Bedroom Bathroom Info: All Bedrooms Down, Primary Down, Full Bath Down
  • Bedrooms: 1
  • Bedrooms Down: 1
  • Floors/Ceilings: Part Hardwood, Part Carpet, 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, Breakfast Bar, Washer/Dryer Connections
  • Misc Interior: All Window Treatments, Walk-In Closet(s), Cat/Dog Free House, Security System, Smoke Detector(s), Monitored Alarm
  • Other Rooms: Laundry Closet
  • Total Bathrooms: 1

Exterior Features

  • Misc Exterior: Auto Lawn Sprinkler, Pool Cleaning Equipment, Gas Grill, Patio, Tennis Court, Guarded Gate, Courtyard
  • Exterior Windows: Wood/Composition, Synthetic Stucco, Double Pane Window(s), Steel Insulated Door(s)
  • Foundation: Slab
  • Pool Description: In Ground
  • Roof: Built-Up/Flat

Garage/Parking

  • Number Covered Parking Spaces: 1
  • Parking Display: 1
  • Parking Storage: Gated Parking, Gate Clickers

Utilities

  • Cooling: Central
  • Water Sewer: Electric Water Heater, Public Sewer

Association/Amenities

  • Neighborhood Association: Mandatory

Lot Info

  • Lot Description: Some Trees, Lake/Pond on Property, Lake/Pond View, Professionally Landscaped, Brick/Stone Fenced, Brick/Iron Fenced
  • Lot Number: UNIT 306
  • Acreage: 5.5
  • Lot Size: 5.5
  • Price Per Acre: 273

Multi Family

  • Number Of Rooms: 4

Tax Info

  • Assessor Parcel Number: 067086 B00061

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 28, 2008
Sold by
Jaffe Aaron
Bought by
Berry Scot
Current Estimated Value
$220,865

Purchase Details

Closed on
Jul 12, 2006
Sold by
Bristol Park Palace Llc
Bought by
Jaffe Elise

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,050
Interest Rate
6.6%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Berry Scot $109,000 Multiple
Jaffe Elise $113,000 Fidelity Title & Escrow Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jaffe Elise $96,050
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/12/2018 03/12/18 Rented $1,500 0.0% --
03/11/2018 03/11/18 Under Contract -- -- --
02/10/2018 02/10/18 For Rent $1,500 0.0% --
12/05/2014 12/05/14 Rented $1,500 +11.1% --
12/05/2014 12/05/14 Under Contract -- -- --
10/03/2014 10/03/14 For Rent $1,350 -- --
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 $1,369 $89,560 $6,600 $82,960
2024 $1,369 $40,375 $4,125 $36,250
2023 $2,460 $40,375 $4,125 $36,250
2022 $2,460 $40,375 $4,125 $36,250
2021 $2,592 $42,050 $4,125 $37,925
2020 $2,328 $32,125 $4,125 $28,000
2019 $2,328 $32,125 $4,125 $28,000
2018 $2,328 $32,125 $4,125 $28,000
2017 $1,320 $32,125 $4,125 $28,000
2016 $1,136 $26,000 $0 $0
2014 $1,136 $26,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Landlord's Agent in 2018

    Belinda Raines

    Faith Management & Realty Grou

    (901) 752-8983

    39 in this area

    40 Total Sales

    Belinda Raines
    Section Image

  • K

    Seller's Agent in 2014

    Kristyn Sedberry

    Faith Management & Realty Grou

    (901) 754-2690

    1 in this area

    1 Total Sale

    Kristyn Sedberry
    Section Image
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About The Monarch Condominiums

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10020175

Memphis Area Association of REALTORS®

APN: 06-7086-B0-0061

Tennessee Shelby County Memphis 38119 Colonial Acres

5400 Park Ave Unit 306, Memphis, TN

This home is located at 5400 Park Ave Unit 306, Memphis, TN 38119 since 10 February 2018 and is currently priced at $220,865. This property was built in 1980. 5400 Park Ave Unit 306 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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