The Monarch Condominiums 5400 Park Ave Unit 323 Memphis, TN 38119
Colonial Acres Neighborhood
1
Bed
1
Bath
100-999
Sq Ft
436
Sq Ft Lot
Highlights
- Fitness Center
- In Ground Pool
- Updated Kitchen
- White Station High Rated A
- Lake On Lot
- Landscaped Professionally
About This Home
As of June 2022One bedroom overlooking the pool, hardwood throughout and 9 ft ceilings. Unmatched amenities include security/concierge officer, property manager on site, Guest Suite, well -equipped gym, Pool, lighted Tennis Court, Pauline Room for entertaining, and Library. The Monarch is a premiere property located in East Memphis on 5.5 acres of beautifully landscaped grounds. Financially sound HOA, warm friendly community with pride of ownership. You will love living at the Monarch!
Last Agent to Sell the Property
Faith Management & Realty Grou License #316831 Listed on: 02/24/2020
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $1,426
Year Built
- Built in 1987
Lot Details
- Wrought Iron Fence
- Brick Fence
- Landscaped Professionally
- Sprinklers on Timer
Home Design
- Traditional Architecture
- Slab Foundation
- Built-Up Roof
- Synthetic Stucco Exterior
Interior Spaces
- 100-999 Sq Ft Home
- 820 Sq Ft Home
- 1-Story Property
- Smooth Ceilings
- Ceiling height of 9 feet or more
- Some Wood Windows
- Double Pane Windows
- Window Treatments
- Combination Dining and Living Room
- Wood Flooring
Kitchen
- Updated Kitchen
- Oven or Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 1 Primary Bedroom on Main
- Walk-In Closet
- Dressing Area
- 1 Full Bathroom
Laundry
- Laundry closet
- Dryer
- Washer
Home Security
- Home Security System
- Termite Clearance
- Iron Doors
Parking
- 1 Covered Space
- Guest Parking
- Assigned Parking
Pool
- In Ground Pool
- Pool Equipment or Cover
Outdoor Features
- Lake On Lot
- Courtyard
- Patio
- Outdoor Gas Grill
Location
- Upper Level
Utilities
- Central Heating and Cooling System
- Heat Pump System
- Electric Water Heater
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 067086 B00078
Community Details
Overview
- Property has a Home Owners Association
- $237 Maintenance Fee
- 110 Units
- Mid-Rise Condominium
- Monarch Community
- 2Nd Amendment To The Monarch Condos Subdivision
- Property managed by Envolve
Amenities
- Trash Chute
- Clubhouse
- Guest Suites
Recreation
Pet Policy
- No Pets Allowed
Security
- Fire and Smoke Detector
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%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,377
Avg. Annual Appreciation
-1.01%
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
Similar Homes in Memphis, TN
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $242,000 | Realty Title & Escrow | |
| Warranty Deed | $167,000 | Executive Ttl & Closing Inc | |
| Warranty Deed | $130,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $100,000 | Credit Line Revolving |
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
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 | -- | $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
-
Seller's Agent in 2022
Danny Burke
Crye-Leike
(901) 277-2828
10 in this area
87 Total Sales
-
B
Buyer's Agent in 2022
Belinda Raines
Faith Management & Realty Grou
(901) 752-8983
39 in this area
40 Total Sales
-
Buyer's Agent in 2020
Trey Hogue
Crye-Leike
(901) 652-3644
18 Total Sales
About The Monarch Condominiums
Map
Source: Memphis Area Association of REALTORS®
MLS Number: 10071598
APN: 06-7086-B0-0078
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