NOT LISTED FOR SALE

The Monarch Condominiums 5400 Park Ave Unit 417 Memphis, TN 38119

Colonial Acres Neighborhood

Estimated Value: $232,000 - $263,000

1 Bed
1 Bath
959 Sq Ft
6 Acres

Last Sold December 01, 2021

Last sale price $200,000 $209 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $1,524/month

Highlights

  • Fitness Center
  • In Ground Pool
  • Sitting Area In Primary Bedroom
  • White Station High Rated A
  • Lake On Lot
  • Updated Kitchen

About This Home

As of December 2021

Most sought after largest, one bedroom floor plan. Top story, Southeast corner nestled among mature Oak trees. 9 ft ceilings, exquisite crown molding. Grand entrance into spacious LR/DR combo. Large bedroom with huge walk-in closet, dressing area, laundry closet. New HVAC. Unmatched amenities include on-site property manager, Guest Suite, Pauline Room for entertaining, Pool, Gym, Library, tennis court. Front desk security/concierge to receive guests and packages. HOA fees only $288 a month!

Last Listed By

Belinda Raines

Faith Management & Realty Grou License #316831 Listed on: 12/01/2021

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,595

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
  • Built-Up Roof
  • Synthetic Stucco Exterior

Interior Spaces

  • 959 Sq Ft Home
  • 1-Story Property
  • Smooth Ceilings
  • Ceiling height of 9 feet or more
  • Some Wood Windows
  • Double Pane Windows
  • Window Treatments
  • Entrance Foyer
  • Combination Dining and Living Room

Kitchen

  • Updated Kitchen
  • Self-Cleaning Oven
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

  • Sitting Area In Primary Bedroom
  • 1 Primary Bedroom on Main
  • Walk-In Closet
  • Dressing Area
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Monitored
  • Security Gate
  • Iron Doors

Parking

  • 1 Parking Space
  • Carport
  • Guest Parking
  • Parking Lot
  • Assigned Parking

Pool

  • In Ground Pool
  • Pool Equipment or Cover

Outdoor Features

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

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Vented Exhaust Fan
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 067086 B00100

Community Details

Overview

  • Property has a Home Owners Association
  • $288 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
  • Monarch Condominium Community
  • Amended And Restated Master Deed Subdivision
  • Property managed by Envolve

Amenities

  • Trash Chute
  • Clubhouse
  • Guest Suites

Recreation

Pet Policy

  • No Pets Allowed

Security

  • Security Guard
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,595

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: 209
  • Number Of Stories: 1
  • Price Per Sq Ft: 208.55
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 959
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • First Story Floor Plan: Living Room, Kitchen, Primary Bedroom, 1 Bath, Laundry Room
  • Additional Bedroom Bathroom Info: All Bedrooms Down, 1 or More BR Down, Primary Down
  • Estimated Heated Sq Ft Range: 0-999
  • Bedrooms: 1
  • Bedrooms Down: 1
  • Floors/Ceilings: Part Hardwood, Part Carpet, Tile, Smooth Ceiling, 9 or more Ft. Ceiling
  • Full Bathrooms: 1
  • Equipment: Range/Oven, Self Cleaning Oven, Disposal, Dishwasher, Microwave, Refrigerator, Washer, Dryer
  • Living Dining Kitchen: LR/DR Combination, Updated/Renovated Kitchen, Washer/Dryer Connections
  • Misc Interior: All Window Treatments, Cat/Dog Free House, Security System, Smoke Detector(s), Monitored Alarm, 2 or More Elevators, Vent Hood/Exhaust Fan, Trash Chute
  • Other Rooms: Laundry Closet, Entry Hall
  • Total Bathrooms: 1
  • Primary Bathroom Description: Dressing Area, Tile Floor
  • P R I M A R Y B E D R O O M: Level 1, Walk-In Closet, Full Bath, Sitting Area, Smooth Ceiling, Carpet

Exterior Features

  • Misc Exterior: Auto Lawn Sprinkler, Pool Cleaning Equipment, Gas Grill, Patio, Deck, Tennis Court, Well Landscaped Grounds, Brick or Stone Fence, Wood Fence, Pet Area, Sidewalks, Brick/Ironed Fence
  • Exterior Windows: Brick Veneer, Wood/Composition, Synthetic Stucco, Wood Window(s), Double Pane Window(s), Steel Insulated Door(s)
  • Foundation: Slab
  • Pool Description: In Ground
  • Roof: Built-Up/Flat

Garage/Parking

  • Carport Garage: Carport
  • Number Covered Parking Spaces: 1
  • Parking Display: C1
  • Parking Storage: Gate Clickers, Parking Lot, Assigned Parking, Designated Guest Parking

Utilities

  • Cooling: Central
  • Heating: Central, Electric, Electric Heat Pump
  • Security: Smoke Detector(s), Security Gate, Limited Access, Part Time Guard Service, Closed Circuit TV
  • 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: Monarch Condominium
  • Management Company: Envolve

Fee Information

  • Monthly Maintenance Fee: 288

Lot Info

  • Lot Description: Some Trees, Lake/Pond on Property, Corner, Professionally Landscaped, Brick/Stone Fenced, Iron Fenced, Brick/Iron Fenced
  • Lot Number: UNIT 417
  • Acreage: 5.5
  • Price Per Acre: 36364

Multi Family

  • Number Of Rooms: 4

Tax Info

  • Assessor Parcel Number: 067086 B00100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 31, 2023
Sold by
Routt Joy Ann and Worthman Courtney C
Bought by
Joy Ann Routt Revocable Living Trust and Routt
Total Days on Market
0
Current Estimated Value
$248,427

Purchase Details

Closed on
Dec 9, 2022
Sold by
Routt Joy Ann
Bought by
Routt Joy Ann and Wortham Courtney C

Purchase Details

Closed on
Jan 15, 2007
Sold by
Bristol Park Palace Llc
Bought by
Hunter William R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
6.05%
Mortgage Type
Purchase Money Mortgage

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
Joy Ann Routt Revocable Living Trust -- None Listed On Document
Routt Joy Ann -- --
Hunter William R $160,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hunter William R $20,000
Previous Owner Hunter William R $19,500
Previous Owner Hunter William R $128,000
Previous Owner Hunter William R $10,000
Previous Owner Hunter William R $144,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2021 12/01/21 Sold $200,000 0.0% $209 / Sq Ft
12/01/2021 12/01/21 For Sale $200,000 -- $209 / 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 $1,595 $47,050 $5,025 $42,025
2023 $2,866 $47,050 $5,025 $42,025
2022 $2,866 $47,050 $5,025 $42,025
2021 $3,406 $47,050 $5,025 $42,025
2020 $2,670 $36,850 $5,025 $31,825
2019 $1,178 $36,850 $5,025 $31,825
2018 $1,178 $36,850 $5,025 $31,825
2017 $1,206 $36,850 $5,025 $31,825
2016 $1,136 $26,000 $0 $0
2014 $1,136 $26,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2021

    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: 10113486

Memphis Area Association of REALTORS®

APN: 06-7086-B0-0100

Tennessee Shelby County Memphis 38119 Colonial Acres

5400 Park Ave Unit 417, Memphis, TN

Homes for Sale in Memphis, TN

This home is located at 5400 Park Ave Unit 417, Memphis, TN 38119 since 01 December 2021 and is currently estimated at $248,427, approximately $259 per square foot. This property was built in 1987. 5400 Park Ave Unit 417 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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