NOT LISTED FOR SALE

The Monarch Condominiums 5400 Park Ave Unit 411 Memphis, TN 38119

Colonial Acres Neighborhood

Estimated Value: $292,506 - $316,000

2 Beds
2 Baths
1,000-1,199 Sq Ft
6 Acres

Last Sold June 24, 2019

Last sale price $218,000 $182 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $1,885/month

1 Day on Market

Highlights

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

About This Home

As of June 2019

Gorgeous location on top floor overlooking pool. Hard wood in living areas and carpet in bedrooms. Large master and walk in closet. 9 ft ceilings, open kitchen, lots of storage. Financially sound HOA, warm friendly community with unmatched amenities...Pauline Room for entertaining, Gym, pool, lighted tennis court, guest suite, library with WIFI, concierge/security officer and on-site property manager. Lovely grounds, deeded parking space with lots of additional parking.

Last Agent to Sell the Property

Belinda Raines

Faith Management & Realty Grou License #316831 Listed on: 06/09/2019

Last Buyer's Agent

Belinda Raines

Faith Management & Realty Grou License #316831 Listed on: 06/09/2019

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1987

Lot Details

  • Dog Run
  • Wrought Iron Fence
  • Wood Fence
  • Brick Fence
  • Landscaped
  • Sprinklers on Timer

Home Design

  • Traditional Architecture
  • Synthetic Stucco Exterior

Interior Spaces

  • 1,000-1,199 Sq Ft Home
  • 1,153 Sq Ft Home
  • Smooth Ceilings
  • Ceiling height of 9 feet or more
  • Some Wood Windows
  • Double Pane Windows
  • Combination Dining and Living Room
  • Water Views

Kitchen

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

Flooring

  • Wood
  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • Dressing Area
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 1 Car Detached Garage
  • Carport
  • Guest Parking
  • Assigned Parking

Pool

  • In Ground Pool
  • Pool Equipment or Cover

Outdoor Features

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

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 067086 B00094

Community Details

Overview

  • Property has a Home Owners Association
  • $336 Maintenance Fee
  • 110 Units
  • Mid-Rise Condominium
  • The Monarch Community
  • 2Nd Amendment To The Monarch Condos Subdivision
  • Property managed by Ledic

Amenities

  • 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)
  • Detached Unit Type: General Residential
  • Cross Street: Estate
  • MLS Map #: 759C
  • MAAR Subdivision Name: THE MONARCH CONDOMINIUMS
  • Condo: Yes
  • List Price Per Sq Ft: 195
  • Price Per Sq Ft: 189.07
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1153
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down, Primary Down, Full Bath Down
  • Estimated Heated Sq Ft Range: 1000-1199
  • Bedroom 2 Description: Level 1, Smooth Ceiling, Carpet
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Floors/Ceilings: Part Hardwood, Part Carpet, Tile, Smooth Ceiling, 9 or more Ft. Ceiling
  • Full Bathrooms: 2
  • Equipment: Range/Oven, Disposal, Dishwasher, Microwave, Refrigerator, Washer, Dryer, Cable Available
  • Living Dining Kitchen: LR/DR Combination, Updated/Renovated Kitchen, Breakfast Bar, Pantry
  • Total Bathrooms: 2
  • Primary Bathroom Description: Dressing Area, Smooth Ceiling, Tile Floor
  • P R I M A R Y B E D R O O M: Level 1, Smooth Ceiling, Carpet

Exterior Features

  • Misc Exterior: Auto Lawn Sprinkler, Pool Cleaning Equipment, Gas Grill, Patio, Tennis Court, Courtyard, Well Landscaped Grounds, Wood Fence, Pet Area, Sidewalks, Brick/Ironed Fence, Iron Fence
  • Exterior Windows: Brick Veneer, Synthetic Stucco, Wood Window(s), Double Pane Window(s)
  • Pool Description: In Ground

Garage/Parking

  • Attached Detached Parking: Detached
  • Carport Garage: Carport
  • 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

Association/Amenities

  • Condo Amenities: Lighted Tennis Court(s), Exercise Room, Guest Rm Available, Courtyard, Lake/Pond on Property, Water View
  • Condominium Association: Yes
  • Condominium Name: The Monarch
  • Management Company: Ledic

Fee Information

  • Monthly Maintenance Fee: 336

Lot Info

  • Lot Number: UNIT 411
  • Acreage: 5.5
  • Price Per Acre: 40909

Multi Family

  • Number Of Rooms: 5

Tax Info

  • Assessor Parcel Number: 067086 B00094

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2019
Closed on
Jun 24, 2019
Sold by
Norcross Herrick F and Norcross Lucy Segraves
Bought by
Rejai Reza
Seller's Agent
Belinda Raines
Faith Management & Realty Grou
Buyer's Agent
Belinda Raines
Faith Management & Realty Grou
List Price
$225,000
Sold Price
$218,000
Premium/Discount to List
-$7,000
-3.11%
Current Estimated Value
$316,973

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$98,973
Avg. Annual Appreciation
5.65%

Purchase Details

Closed on
Jun 15, 2007
Sold by
Bristol Park Palace Llc
Bought by
Norcross Herrick F and Norcross Lucy Segraves
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Rejai Reza $218,000 Foundation T&E Llc
Norcross Herrick F $199,500 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2019 06/24/19 Sold $218,000 -3.1% $218 / Sq Ft
06/10/2019 06/10/19 Pending -- -- --
06/09/2019 06/09/19 For Sale $225,000 -- $225 / 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 -- $74,125 $5,875 $68,250
2024 $1,791 $52,825 $5,875 $46,950
2023 $3,218 $52,825 $5,875 $46,950
2022 $3,218 $52,825 $5,875 $46,950
2021 $3,256 $52,825 $5,875 $46,950
2020 $3,087 $42,600 $5,875 $36,725
2019 $1,361 $42,600 $5,875 $36,725
2018 $1,361 $42,600 $5,875 $36,725
2017 $1,394 $42,600 $5,875 $36,725
2016 $1,609 $36,825 $0 $0
2014 $1,609 $36,825 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2019

    Belinda Raines

    Faith Management & Realty Grou

    (901) 752-8983

    39 in this area

    40 Total Sales

    Section Image
See All Agents

About The Monarch Condominiums

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10054606

Memphis Area Association of REALTORS®

APN: 06-7086-B0-0094

Tennessee Shelby County Memphis 38119 Colonial Acres

5400 Park Ave Unit 411, Memphis, TN

This home is located at 5400 Park Ave Unit 411, Memphis, TN 38119 since 09 June 2019 and is currently estimated at $305,627, approximately $254 per square foot. This property was built in 1987. 5400 Park Ave Unit 411 is a home located in Shelby County with nearby schools including Sea Isle Elementary School, Colonial Middle, and White Station High.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Memphis Area Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
Some or all of the listings displayed may not belong to the firm whose website is being visited. Copyright© 2025 Memphis Area Association of REALTORS®.

Nearby Homes