$360,000
SOLD JUL 10, 2025

The Monarch Condominiums 5400 Park Ave Unit 408 Memphis, TN 38119

Colonial Acres Neighborhood
2 Beds
2 Baths
1,200-1,399 Sq Ft
6 Acres

Recently Sold

$257 Per Sq Ft

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

For comp purposes only

Last Agent to Sell the Property

Belinda Raines

Faith Management & Realty Grou License #316831 Listed on: 07/10/2025

Last Buyer's Agent

Belinda Raines

Faith Management & Realty Grou License #316831 Listed on: 07/10/2025

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,895

Year Built

  • Built in 1987

Lot Details

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

Home Design

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

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,293 Sq Ft Home
  • 1-Story Property
  • Smooth Ceilings
  • Some Wood Windows
  • Double Pane Windows
  • Window Treatments
  • Combination Dining and Living Room

Kitchen

  • Updated Kitchen
  • Oven or Range
  • <<microwave>>
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Double Vanity
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Monitored
  • Termite Clearance

Parking

  • 1 Covered Space
  • Guest Parking
  • Assigned Parking

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
  • Vented Exhaust Fan
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 067086 B00091

Community Details

Overview

  • Property has a Home Owners Association
  • $416 Maintenance Fee
  • Association fees include some utilities, water/sewer, trash collection, exterior maintenance, grounds maintenance, management fees, exterior insurance, reserve fund, parking, pest control contract
  • 110 Units
  • Mid-Rise Condominium
  • The Monarch Community
  • 1St Amendment To The Monarch Condos Subdivision
  • Property managed by Keith Collins

Amenities

  • Trash Chute
  • Clubhouse
  • Guest Suites

Recreation

Pet Policy

  • No Pets Allowed

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,895

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)
  • Detached Unit Type: General Residential
  • MLS Map #: 759C
  • MAAR Subdivision Name: THE MONARCH CONDOMINIUMS
  • Condo: Yes
  • Number Of Stories: 1
  • Price Per Sq Ft: 278.42
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1293
  • Termite Contract: Yes
  • Year Built: 1987
  • List Price/ Sq Ft: 278
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Kitchen, Primary Bedroom, 2nd Bedroom, 2 or More Baths, Laundry Room
  • Additional Bedroom Bathroom Info: All Bedrooms Down, 1 or More BR Down, Primary Down, Luxury Primary Bath, Double Vanity Bath, Full Bath Down
  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedroom 2 Description: Level 1, Smooth Ceiling, Hardwood Floor
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Floors/Ceilings: Hardwood Throughout, Tile, Smooth Ceiling
  • Full Bathrooms: 2
  • Equipment: Range/Oven, Disposal, Dishwasher, Microwave, Refrigerator, Washer, Dryer
  • Living Dining Kitchen: LR/DR Combination, Updated/Renovated Kitchen, 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, Vent Hood/Exhaust Fan, Trash Chute
  • Other Rooms: Laundry Closet
  • Total Bathrooms: 2
  • Primary Bathroom Description: Separate Shower, 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, Smooth Ceiling, Hardwood Floor

Exterior Features

  • Misc Exterior: Auto Lawn Sprinkler, Pool Cleaning Equipment, Gas Grill, Storage Building, Covered Patio, Tennis Court, Courtyard
  • Exterior Windows: Brick Veneer, Wood/Composition, Synthetic Stucco, 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: 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, Pest Control Contract
  • Condominium Association: Yes
  • Condominium Name: The Monarch
  • Management Company: Keith Collins

Fee Information

  • Monthly Maintenance Fee: 416

Lot Info

  • Lot Description: Some Trees, Lake/Pond on Property, Professionally Landscaped, Wood Fenced, Brick/Iron Fenced
  • Lot Number: UNIT 408
  • Acreage: 5.5
  • Price Per Acre: 65455
  • Geo Subdivision: TN

Multi Family

  • Number Of Rooms: 5

Tax Info

  • Assessor Parcel Number: 067086 B00091

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2025
Closed on
Mar 26, 2025
Sold by
Harper Sandra K and Pitts Patricia A
Bought by
Harden Kimberly Ann
Seller's Agent
Belinda Raines
Faith Management & Realty Grou
Buyer's Agent
Belinda Raines
Faith Management & Realty Grou
List Price
$320,000
Sold Price
$320,000
Views
2

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.21%

Purchase Details

Closed on
Mar 2, 2010
Sold by
Bristol Park Palace Llc
Bought by
Pitts Patricia H
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
Warranty Deed $320,000 None Listed On Document
Warranty Deed $162,659 Multiple
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2025 07/10/25 Sold $360,000 0.0% $300 / Sq Ft
07/10/2025 07/10/25 For Sale $360,000 +12.5% $300 / Sq Ft
03/26/2025 03/26/25 Sold $320,000 0.0% $267 / Sq Ft
03/26/2025 03/26/25 For Sale $320,000 -- $267 / 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
2025 $1,895 $77,275 $6,600 $70,675
2024 $1,895 $55,900 $6,600 $49,300
2023 $3,405 $55,900 $6,600 $49,300
2022 $3,405 $55,900 $6,600 $49,300
2021 $3,445 $55,900 $6,600 $49,300
2020 $3,234 $44,625 $6,600 $38,025
2019 $3,234 $44,625 $6,600 $38,025
2018 $3,234 $44,625 $6,600 $38,025
2017 $1,834 $44,625 $6,600 $38,025
2016 $1,655 $37,875 $0 $0
2014 $1,655 $37,875 $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: 10200978

Memphis Area Association of REALTORS®

APN: 06-7086-B0-0091

Tennessee Shelby County Memphis 38119 Colonial Acres

5400 Park Ave Unit 408, Memphis, TN

This home is located at 5400 Park Ave Unit 408, Memphis, TN 38119 and is currently priced at $360,000, approximately $257 per square foot. This property was built in 1987. 5400 Park Ave Unit 408 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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