NOT LISTED FOR SALE

The Monarch Condominiums 5400 Park Ave Unit 323 Memphis, TN 38119

Colonial Acres Neighborhood

Estimated Value: $230,116 - $248,000

1 Bed
1 Bath
820 Sq Ft
436 Sq Ft Lot

Last Sold June 03, 2022

Last sale price $242,000 $295 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $1,552/month

52 Days on Market

Highlights

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

About This Home

As of June 2022

Totally renovated with the highest quality finishes available, w/ super-low utility costs and low $244 condo-fee. This unit was stripped to the studs and made into a modern open-design with marble counters, premium Samsung appliances (range/oven never used), solid engineered water-proof flooring set over cork-wood to add softness and flexibility, a balcony with a view of beautiful common area gardens and pool. Downstairs at the Monarch is: a library, gym, meeting rooms, guest suite, & kitchen.

Last Listed By

Danny Burke

Crye-Leike, Inc., REALTORS License #239351 Listed on: 03/08/2022

Crye-Leike, Inc., REALTORS

Property Details

Home Type

  • Condominium

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

  • Traditional Architecture
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 820 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Some Wood Windows
  • Double Pane Windows
  • Window Treatments
  • Separate Formal Living Room
  • Laminate Flooring
  • Security Gate
  • Laundry closet

Kitchen

  • Updated Kitchen
  • Breakfast Bar
  • Self-Cleaning Oven
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • 1 Full Bathroom

Parking

  • 1 Car Detached Garage
  • Carport
  • Circular Driveway

Accessible Home Design

  • Doors are 32 inches wide or more

Pool

  • In Ground Pool
  • Pool Equipment or Cover

Outdoor Features

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

Utilities

  • Central Heating and Cooling System
  • 220 Volts
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 067086 B00078

Community Details

Overview

  • Property has a Home Owners Association
  • $240 Maintenance Fee
  • Association fees include grounds maintenance, management fees, exterior insurance, reserve fund, parking
  • Mid-Rise Condominium
  • Monarch Condominium Community
  • 1St Amendment To The Monarch Condos Subdivision

Amenities

  • Clubhouse
  • Guest Suites

Recreation

Property Details

Home Type

Condominium

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
  • Handicap Design: Wide Doors
  • List Price Per Sq Ft: 302
  • Number Of Stories: 1
  • Price Per Sq Ft: 295.12
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 820
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • First Story Floor Plan: Living Room, Kitchen, Primary Bedroom
  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: Not Available
  • Bedrooms: 1
  • Bedrooms Down: 1
  • Floors/Ceilings: Wood Laminate Floors
  • Full Bathrooms: 1
  • Equipment: Range/Oven, Self Cleaning Oven, Disposal, Dishwasher, Refrigerator
  • Living Dining Kitchen: Separate Living Room, Updated/Renovated Kitchen, Breakfast Bar, Pantry
  • Misc Interior: All Window Treatments
  • Other Rooms: Laundry Closet
  • Total Bathrooms: 1
  • P R I M A R Y B E D R O O M: Level 1

Exterior Features

  • Misc Exterior: Auto Lawn Sprinkler, Pool Cleaning Equipment, Gas Grill, Patio, Covered Patio, Tennis Court, Well Landscaped Grounds, Brick or Stone Fence, Wood Fence, Pet Area, Sidewalks
  • Exterior Windows: Wood/Composition, Double Pane Window(s)
  • Foundation: Slab
  • Pool Description: In Ground
  • Roof: Composition Shingles

Garage/Parking

  • Attached Detached Parking: Detached
  • Carport Garage: Carport
  • Number Covered Parking Spaces: 1
  • Parking Display: C1D
  • Parking Storage: Circular Drive

Utilities

  • Cooling: Central, Ceiling Fan(s), 220 Wiring
  • Heating: Central, Electric
  • Security: Security Gate
  • Water Sewer: Electric Water Heater, Public Water

Association/Amenities

  • Condo Amenities: Tennis Court(s), Exercise Room, Clubhouse w/ Kitchen, Guest Rm Available
  • Condo Fees Include: Grounds Maintenance, Management Fees, Exterior Insurance, Reserve Fund, Parking
  • Condominium Association: Yes
  • Condominium Name: Monarch Condominium
  • Neighborhood Amenities: Pool, Tennis Court

Fee Information

  • Monthly Maintenance Fee: 240

Lot Info

  • Lot Description: Some Trees, Level, Lake/Pond on Property, Landscaped, Professionally Landscaped, Wood Fenced, Iron Fenced
  • Lot Number: UNIT 323
  • Acreage: 0.01
  • Lot Size: 1.69
  • Price Per Acre: 24800000

Multi Family

  • Number Of Rooms: 4

Tax Info

  • Assessor Parcel Number: 067086 B00078

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2022
Closed on
Jun 3, 2022
Sold by
Alexander Mark L
Bought by
Baddour Elizabeth G and Baddour Elizabeth G
Seller's Agent
Danny Burke
Crye-Leike, Inc., REALTORS
Buyer's Agent
Belinda Raines
Faith Management & Realty Grou
List Price
$289,000
Sold Price
$242,000
Premium/Discount to List
-$47,000
-16.26%
Total Days on Market
52
Current Estimated Value
$240,279

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,721
Avg. Annual Appreciation
-0.56%

Purchase Details

Listed on
Feb 24, 2020
Closed on
Apr 28, 2020
Sold by
Robison Carole C
Bought by
Alexander Mark L
Seller's Agent
Belinda Raines
Faith Management & Realty Grou
Buyer's Agent
Trey Hogue
Crye-Leike, Inc., REALTORS
List Price
$170,000
Sold Price
$167,000
Premium/Discount to List
-$3,000
-1.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.32%
Original Mortgage
$100,000
Interest Rate
3.2%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 30, 2008
Sold by
Bristol Park Palace Llc
Bought by
Robison Carole C

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
Baddour Elizabeth G $242,000 Realty Title & Escrow
Alexander Mark L $167,000 Executive Ttl & Closing Inc
Robison Carole C $130,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Alexander Mark L $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/03/2022 06/03/22 Sold $242,000 -2.4% $295 / Sq Ft
04/29/2022 04/29/22 Pending -- -- --
04/25/2022 04/25/22 Price Changed $248,000 -0.8% $302 / Sq Ft
03/30/2022 03/30/22 Price Changed $250,000 -9.1% $305 / Sq Ft
03/23/2022 03/23/22 Price Changed $275,000 -3.5% $335 / Sq Ft
03/15/2022 03/15/22 Price Changed $285,000 -1.4% $348 / Sq Ft
03/08/2022 03/08/22 For Sale $289,000 +73.1% $352 / Sq Ft
04/28/2020 04/28/20 Sold $167,000 -1.8% $1,670 / Sq Ft
02/25/2020 02/25/20 Pending -- -- --
02/24/2020 02/24/20 For Sale $170,000 -- $1,700 / Sq Ft
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
2024 -- $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 $1,141 $42,050 $4,125 $37,925
2020 $1,027 $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

Agents Affiliated with this Home

  • Danny Burke

    Seller's Agent in 2022

    Danny Burke

    Crye-Leike

    (901) 277-2828

    8 in this area

    86 Total Sales

    Danny Burke
    Section Image

  • B

    Buyer's Agent in 2022

    Belinda Raines

    Faith Management & Realty Grou

    (901) 752-8983

    39 in this area

    40 Total Sales

    Belinda Raines
    Section Image
  • Trey Hogue

    Buyer's Agent in 2020

    Trey Hogue

    Crye-Leike

    (901) 652-3644

    24 Total Sales

    Trey Hogue
    Section Image
See All Agents

About The Monarch Condominiums

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10119053

Memphis Area Association of REALTORS®

APN: 06-7086-B0-0078

Tennessee Shelby County Memphis 38119 Colonial Acres

5400 Park Ave Unit 323, Memphis, TN

Homes for Sale in Memphis, TN

This home is located at 5400 Park Ave Unit 323, Memphis, TN 38119 since 08 March 2022 and is currently estimated at $240,279, approximately $293 per square foot. This property was built in 1987. 5400 Park Ave Unit 323 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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