NOT LISTED FOR SALE

The Monarch Condominiums 5400 Park Ave Unit 415 Memphis, TN 38119

Colonial Acres Neighborhood

Estimated Value: $315,000 - $336,000

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

Last Sold July 17, 2020

Last sale price $260,000 $186 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $1,994/month

Highlights

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

About This Home

As of July 2020

Elegance and convenience in the heart of East Memphis. Unmatched amenities. Entered into the MLS for comp purposes only.

Last Agent to Sell the Property

Belinda Raines

Faith Management & Realty Grou License #316831 Listed on: 07/17/2020

Last Buyer's Agent

Belinda Raines

Faith Management & Realty Grou License #316831 Listed on: 07/17/2020

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,946

Year Built

  • Built in 1987

Lot Details

  • Dog Run
  • 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
  • 1,310 Sq Ft Home
  • 1-Story Property
  • Smooth Ceilings
  • Ceiling height of 9 feet or more
  • Some Wood Windows
  • Double Pane Windows
  • Window Treatments
  • Separate Formal Living Room
  • Dining Room
  • Wood Flooring
  • Water Views

Kitchen

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

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • En-Suite Bathroom
  • Walk-In Closet
  • Dressing Area
  • 2 Full Bathrooms

Laundry

  • Laundry closet
  • Dryer
  • Washer

Home Security

  • Monitored
  • Iron Doors

Parking

  • 1 Covered Space
  • Guest Parking
  • Assigned Parking

Accessible Home Design

  • Doors are 32 inches wide or more

Pool

  • In Ground Pool
  • Pool Equipment or Cover

Outdoor Features

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

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 067086 B00098

Community Details

Overview

  • Property has a Home Owners Association
  • $378 Maintenance Fee
  • Association fees include exterior insurance, exterior maintenance, grounds maintenance, parking, pest control contract, reserve fund, some utilities, trash collection, water/sewer
  • 110 Units
  • Mid-Rise Condominium
  • 2Nd Amendment To The Monarch Condos Subdivision

Amenities

  • Trash Chute
  • Clubhouse
  • Guest Suites

Recreation

Pet Policy

  • No Pets Allowed

Security

  • Building Fire Alarm
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,946

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
  • Handicap Design: Wide Doors
  • List Price Per Sq Ft: 198
  • Number Of Stories: 1
  • Price Per Sq Ft: 198.47
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1310
  • Year Built: 1987
  • 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
  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedroom 2 Description: Hardwood Floor, Level 1, Private Full Bath
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Floors/Ceilings: Hardwood Throughout, Smooth Ceiling, 9 or more Ft. Ceiling
  • Full Bathrooms: 2
  • Equipment: Range/Oven, Disposal, Dishwasher, Microwave, Refrigerator, Washer, Dryer, Cable Wired
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Updated/Renovated Kitchen, Breakfast Bar
  • Misc Interior: All Window Treatments, Cat/Dog Free House, Smoke Detector(s), 2 or More Elevators, Trash Chute
  • Other Rooms: Laundry Closet
  • Total Bathrooms: 2
  • Primary Bathroom Description: Dressing Area, Smooth Ceiling
  • P R I M A R Y B E D R O O M: Full Bath, Hardwood Floor, Level 1, Smooth Ceiling, Walk-In Closet

Exterior Features

  • Misc Exterior: Auto Lawn Sprinkler, Pool Cleaning Equipment, Gas Grill, Patio, Deck, Tennis Court, Courtyard, Well Landscaped Grounds, Brick or Stone Fence, Pet Area, Sidewalks, Brick/Ironed Fence
  • 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: Gate Clickers, Assigned Parking, Designated Guest Parking

Utilities

  • Cooling: Central
  • Heating: Electric Heat Pump
  • Security: Closed Circuit TV, Fire Alarm, Limited Access, Monitored Alarm System, Smoke Detector(s)
  • Water Sewer: Electric Water Heater, Public Sewer, Public Water

Association/Amenities

  • Condo Amenities: Lighted Tennis Court(s), Exercise Room, Clubhouse w/ Kitchen, Guest Rm Available, Lake/Pond on Property, Water View
  • Condo Fees Include: Exterior Insurance, Exterior Maintenance, Grounds Maintenance, Parking, Pest Control Contract, Reserve Fund, Some Utilities, Trash Collection, Water/Sewer
  • Condominium Association: Yes

Fee Information

  • Monthly Maintenance Fee: 378

Lot Info

  • Lot Description: Some Trees, Lake/Pond on Property, Water View, Corner, Professionally Landscaped
  • Lot Number: UNIT 415
  • Acreage: 5.5
  • Price Per Acre: 47273

Multi Family

  • Number Of Rooms: 5

Tax Info

  • Assessor Parcel Number: 067086 B00098

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 23, 2025
Sold by
Adams Gail Elliott
Bought by
Gail E Adams Revocable Trust
Current Estimated Value
$334,597

Purchase Details

Listed on
Jul 17, 2020
Closed on
Jul 17, 2020
Sold by
Mmm Investments Llc
Bought by
Adams Gail E
Seller's Agent
Belinda Raines
Faith Management & Realty Grou
Buyer's Agent
Belinda Raines
Faith Management & Realty Grou
List Price
$260,000
Sold Price
$260,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.34%
Original Mortgage
$247,000
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 11, 2014
Sold by
Brown Roby
Bought by
Mmm Investments Llc

Purchase Details

Listed on
May 29, 2011
Closed on
May 22, 2012
Sold by
Shcroff Helenk
Bought by
Borwn Roby G
Seller's Agent
Belinda Raines
Faith Management & Realty Grou
Buyer's Agent
Belinda Raines
Faith Management & Realty Grou
List Price
$145,000
Sold Price
$130,000
Premium/Discount to List
-$15,000
-10.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.51%
Original Mortgage
$104,000
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 31, 2006
Sold by
Bristol Park Palace Llc
Bought by
Schroff Helen K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,600
Interest Rate
6.51%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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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
Gail E Adams Revocable Trust -- None Listed On Document
Adams Gail E $260,000 None Available
Mmm Investments Llc -- Fntg
Borwn Roby G $130,000 None Available
Schroff Helen K $202,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Adams Gail E $247,000
Previous Owner Borwn Roby G $104,000
Previous Owner Schroff Helen K $161,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2020 07/17/20 Sold $260,000 0.0% $217 / Sq Ft
07/17/2020 07/17/20 For Sale $260,000 +100.0% $217 / Sq Ft
05/22/2012 05/22/12 Sold $130,000 -10.3% $108 / Sq Ft
04/23/2012 04/23/12 Pending -- -- --
05/29/2011 05/29/11 For Sale $145,000 -- $121 / 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 $1,946 $77,925 $6,600 $71,325
2024 $1,946 $57,400 $6,600 $50,800
2023 $3,497 $57,400 $6,600 $50,800
2022 $3,497 $57,400 $6,600 $50,800
2021 $1,980 $57,400 $6,600 $50,800
2020 $3,261 $45,000 $6,600 $38,400
2019 $1,438 $45,000 $6,600 $38,400
2018 $1,438 $45,000 $6,600 $38,400
2017 $1,472 $45,000 $6,600 $38,400
2016 $1,420 $32,500 $0 $0
2014 $1,420 $32,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2020

    Belinda Raines

    Faith Management & Realty Grou

    (901) 752-8983

    39 in this area

    40 Total Sales

    Section Image

  • L

    Seller Co-Listing Agent in 2012

    Lynn Pfund

    Crye-Leike of Nashville, Inc.

    (901) 359-5707

    13 Total Sales

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About The Monarch Condominiums

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10080804

Memphis Area Association of REALTORS®

APN: 06-7086-B0-0098

Tennessee Shelby County Memphis 38119 Colonial Acres

5400 Park Ave Unit 415, Memphis, TN

This home is located at 5400 Park Ave Unit 415, Memphis, TN 38119 since 17 July 2020 and is currently estimated at $328,869, approximately $235 per square foot. This property was built in 1987. 5400 Park Ave Unit 415 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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