NOT LISTED FOR SALE

The Monarch Condominiums 5400 Park Ave Unit 418 Memphis, TN 38119

Colonial Acres Neighborhood

Estimated Value: $234,000 - $245,000

1 Bed
1 Bath
100-999 Sq Ft
6 Acres

Last Sold November 14, 2022

Last sale price $245,000 $245 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $1,454/month

6 Days on Market

Highlights

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

About This Home

As of November 2022

Ideally located, top floor, private, secure overlooking front entrance. Wonderful renovations, hardwood throughout, 9 ft ceilings, crown molding. Open kitchen, black cabinets, granite, back splash, recessed lighting and SS appliances. Glass doors open to spacious bedroom. Tiled dressing area with dual vanity, large walk-in closet. Plantation shutters, neutral colors, and so much natural light. Unmatched amenities, financially sound HOA, friendly community, move in ready!

Last Agent to Sell the Property

Belinda Raines

Faith Management & Realty Grou License #316831 Listed on: 10/07/2022

Last Buyer's Agent

Meredith McDonald

Ware Jones, REALTORS License #240133

Ware Jones, REALTORS

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,441

Year Built

  • Built in 1987

Lot Details

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

Home Design

  • Traditional Architecture
  • Synthetic Stucco Exterior

Interior Spaces

  • 100-999 Sq Ft Home
  • 825 Sq Ft Home
  • 1-Story Property
  • Smooth Ceilings
  • Ceiling height of 9 feet or more
  • Some Wood Windows
  • Double Pane Windows
  • Combination Dining and Living Room
  • Water Views
  • Breakfast Bar
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • Remodeled Bathroom
  • 1 Full Bathroom
  • Double Vanity

Home Security

  • Security Gate
  • Monitored
  • Termite Clearance

Parking

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

Pool

  • In Ground Pool
  • Pool Equipment or Cover

Outdoor Features

  • Lake On Lot
  • Balcony
  • Courtyard
  • Covered Patio or Porch
  • Outdoor Storage
  • Outdoor Gas Grill

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 067086 B00101

Community Details

Overview

  • Property has a Home Owners Association
  • $237 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 Community
  • 1St Amendment To The Monarch Condos Subdivision
  • Property managed by Envolve
  • Community Lake

Amenities

  • Clubhouse
  • Guest Suites

Recreation

  • Recreation Facilities

Security

  • Security Guard
  • Gated Community
  • Fire and Smoke Detector
  • Fire Escape

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,441

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)
  • Cross Street: Estate
  • MLS Map #: 759C
  • MAAR Subdivision Name: THE MONARCH CONDOMINIUMS
  • Condo: Yes
  • List Price Per Sq Ft: 301
  • Number Of Stories: 1
  • Price Per Sq Ft: 296.97
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 825
  • Termite Contract: Yes
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down, 1 or More BR Down, Primary Down, Renovated Bathroom, Luxury Primary Bath, Double Vanity Bath, Full Bath Down
  • Estimated Heated Sq Ft Range: 100-999
  • Bedrooms: 1
  • Bedrooms Down: 1
  • Floors/Ceilings: Hardwood Throughout, Tile, Smooth Ceiling, 9 or more Ft. Ceiling
  • Full Bathrooms: 1
  • Living Dining Kitchen: LR/DR Combination, Breakfast Bar, Washer/Dryer Connections
  • Total Bathrooms: 1

Exterior Features

  • Misc Exterior: Auto Lawn Sprinkler, Pool Cleaning Equipment, Gas Grill, Storage Building, Patio, Covered Patio, Tennis Court, Courtyard, Balcony, Well Landscaped Grounds, Brick or Stone Fence, Wood Fence, Pet Area, Sidewalks, Fire Escape, Brick/Ironed Fence
  • Exterior Windows: Wood/Composition, 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
  • Security: Monitored Alarm System, Smoke Detector(s), Security Gate, Limited Access, Part Time Guard Service, Dead Bolt Lock(s), 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, Water View
  • 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
  • Management Company: Envolve
  • Neighborhood Amenities: Lake, Gated Neighborhood, Pool, Tennis Court, Recreation Facilities

Fee Information

  • Monthly Maintenance Fee: 237

Lot Info

  • Lot Number: UNIT 418
  • Acreage: 5.5
  • Price Per Acre: 45091

Multi Family

  • Number Of Rooms: 3

Tax Info

  • Assessor Parcel Number: 067086 B00101

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 1, 2022
Sold by
Rutledge Judy A
Bought by
Griesbeck George M
Current Estimated Value
$243,715

Purchase Details

Listed on
Sep 9, 2018
Closed on
Sep 26, 2018
Sold by
Hendrix Guy Burke
Bought by
Rutledge Judy A
Seller's Agent
Belinda Raines
Faith Management & Realty Grou
Buyer's Agent
Belinda Raines
Faith Management & Realty Grou
List Price
$165,000
Sold Price
$162,500
Premium/Discount to List
-$2,500
-1.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.74%

Purchase Details

Closed on
Sep 14, 2016
Sold by
Roberts Stanford
Bought by
Hendrix Guy Burke

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,350
Interest Rate
3.45%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Nov 21, 2015
Closed on
Dec 16, 2015
Sold by
Rice Jesse M and Rice Kristi L
Bought by
Roberts Stanford T
Seller's Agent
Belinda Raines
Faith Management & Realty Grou
Buyer's Agent
Belinda Raines
Faith Management & Realty Grou
List Price
$150,000
Sold Price
$140,000
Premium/Discount to List
-$10,000
-6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.67%

Purchase Details

Closed on
Jun 24, 2011
Sold by
Bristol Park Palace Llc
Bought by
Rice Jesse M and Reitveld Kristi L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,800
Interest Rate
3.62%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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List Price
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
Griesbeck George M $245,000 --
Rutledge Judy A $162,500 Multiple
Hendrix Guy Burke $150,000 Delta Title Services Llc
Roberts Stanford T $140,000 Delta Title Services Llc
Rice Jesse M $136,000 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hendrix Guy Burke $151,350
Previous Owner Rice Jesse M $108,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/14/2022 11/14/22 Sold $245,000 -1.2% $2,450 / Sq Ft
10/13/2022 10/13/22 Pending -- -- --
10/07/2022 10/07/22 For Sale $248,000 +52.6% $2,480 / Sq Ft
09/26/2018 09/26/18 Sold $162,500 -1.5% $1,625 / Sq Ft
09/10/2018 09/10/18 Pending -- -- --
09/09/2018 09/09/18 For Sale $165,000 +17.9% $1,650 / Sq Ft
12/16/2015 12/16/15 Sold $140,000 -6.7% $1,400 / Sq Ft
12/04/2015 12/04/15 Pending -- -- --
11/21/2015 11/21/15 For Sale $150,000 0.0% $1,500 / Sq Ft
06/01/2012 06/01/12 Rented $1,250 -3.5% --
06/01/2012 06/01/12 Under Contract -- -- --
05/19/2012 05/19/12 For Rent $1,295 -- --
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 $1,441 $59,500 $4,125 $55,375
2024 -- $42,500 $4,125 $38,375
2023 $2,589 $42,500 $4,125 $38,375
2022 $2,589 $42,500 $4,125 $38,375
2021 $1,153 $43,575 $4,125 $39,450
2020 $2,348 $32,400 $4,125 $28,275
2019 $1,035 $32,400 $4,125 $28,275
2018 $1,036 $32,400 $4,125 $28,275
2017 $1,060 $32,400 $4,125 $28,275
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 2022

    Belinda Raines

    Faith Management & Realty Grou

    (901) 752-8983

    39 in this area

    40 Total Sales

    Section Image

  • M

    Buyer's Agent in 2022

    Meredith McDonald

    Ware Jones, REALTORS

    Section Image
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About The Monarch Condominiums

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10135133

Memphis Area Association of REALTORS®

APN: 06-7086-B0-0101

Tennessee Shelby County Memphis 38119 Colonial Acres

5400 Park Ave Unit 418, Memphis, TN

This home is located at 5400 Park Ave Unit 418, Memphis, TN 38119 since 07 October 2022 and is currently estimated at $238,613, approximately $238 per square foot. This property was built in 1987. 5400 Park Ave Unit 418 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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