NOT LISTED FOR SALE

The Monarch Condominiums 5400 Park Ave Unit 419 Memphis, TN 38119

Colonial Acres Neighborhood

Estimated Value: $323,000 - $349,000

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

Last Sold January 04, 2021

Last sale price $268,000 $192 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $1,983/month

2 Days on Market

Highlights

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

About This Home

As of January 2021

Cool contemporary, open floor plan, top floor, facing East, lots of natural light Hardwood in living areas & 9 ft ceilings. This floor plan has the largest Master suite with huge walk-in closet and separate dressing area. Updated kitchen with SS appliances & granite countertops. Quite, private, secure and perfectly located. Enjoy carefree living at its best. Unmatched amenities include on-site property manager, Security/concierge officer, gym, pool, library, Pauline Room, guest suite...

Last Agent to Sell the Property

Belinda Raines

Faith Management & Realty Grou License #316831 Listed on: 11/30/2020

Last Buyer's Agent

Barbie Dan

Ware Jones, REALTORS License #248919

Ware Jones, REALTORS

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1988

Lot Details

  • Wood Fence
  • Brick Fence
  • Landscaped Professionally
  • Few Trees

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Built-Up Roof

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,302 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
  • Storage Room

Kitchen

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

Flooring

  • Wood
  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet
  • Remodeled Bathroom
  • 2 Full Bathrooms

Laundry

  • Laundry closet
  • Dryer
  • Washer

Home Security

  • Security Gate
  • Monitored
  • Termite Clearance
  • Iron Doors

Parking

  • 1 Car Garage
  • Garage Door Opener
  • Gated Parking
  • Guest Parking
  • Assigned Parking

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 B00102

Community Details

Overview

  • Property has a Home Owners Association
  • $378 Maintenance Fee
  • Association fees include exterior insurance, exterior maintenance, grounds maintenance, management fees, parking, pest control contract, reserve fund, some utilities, trash collection, water/sewer
  • Mid-Rise Condominium
  • The Monarch Community
  • The Monarch Condominiums Subdivision
  • Property managed by Ledic

Amenities

  • Trash Chute
  • Guest Suites

Recreation

Pet Policy

  • No Pets Allowed

Security

  • Security Guard
  • Gated Community
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Contemporary
  • Attached Unit Type: Mid Rise (3-6 Stories)
  • Detached Unit Type: General Residential
  • MLS Map #: 759C
  • MAAR Subdivision Name: THE MONARCH CONDOMINIUMS
  • Condo: Yes
  • List Price Per Sq Ft: 204
  • Number Of Stories: 1
  • Price Per Sq Ft: 205.84
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1302
  • Termite Contract: Yes
  • Year Built: 1988
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Kitchen, 2 or More Baths
  • Additional Bedroom Bathroom Info: All Bedrooms Down, Master Down, Renovated Bathroom, Full Bath Down
  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedroom 2 Description: Carpet, Shared Bath, Level 1, Smooth Ceiling
  • 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, Self Cleaning Oven, Dishwasher, Microwave, Refrigerator, Washer, Dryer, Cable Available
  • Living Dining Kitchen: LR/DR Combination, Updated/Renovated Kitchen, Pantry, Washer/Dryer Connections
  • Primary Bathroom Description: Dressing Area, Smooth Ceiling, Tile Floor
  • Master Bedroom: Carpet, Full Bath, Level 1, Smooth Ceiling, Walk-In Closet
  • Misc Interior: Walk-In Closet(s), Cat/Dog Free House, Smoke Detector(s), Monitored Alarm, 2 or More Elevators, Trash Chute
  • Other Rooms: Laundry Closet
  • Total Bathrooms: 2

Exterior Features

  • Misc Exterior: Pool Cleaning Equipment, Gas Grill, Patio, Deck, Tennis Court, Courtyard, Well Landscaped Grounds, Wood Fence, Sidewalks, Brick/Ironed Fence
  • Exterior Windows: Brick Veneer, Wood Window(s), 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: Storage Room(s), Garage Door Opener(s), Gated Parking, Gate Clickers, Assigned Parking, Designated Guest Parking

Utilities

  • Cooling: Central
  • Heating: Electric Heat Pump
  • Security: Closed Circuit TV, Dead Bolt Lock(s), Limited Access, Monitored Alarm System, Part Time Guard Service, Security Gate, Smoke Detector(s)
  • Water Sewer: Electric Water Heater, Public Sewer, Public Water

Association/Amenities

  • Condo Amenities: Lighted Tennis Court(s), Exercise Room, Guest Rm Available, Courtyard, Lake/Pond on Property
  • Condo Fees Include: Exterior Insurance, Exterior Maintenance, Grounds Maintenance, Management Fees, Parking, Pest Control Contract, Reserve Fund, Some Utilities, Trash Collection, Water/Sewer
  • Condominium Association: Yes
  • Condominium Name: The Monarch
  • Management Company: Ledic
  • Neighborhood Amenities: Gated Neighborhood, Pool, Tennis Court

Fee Information

  • Monthly Maintenance Fee: 378

Lot Info

  • Lot Description: Some Trees, Lake/Pond on Property, Professionally Landscaped, Brick/Iron Fenced
  • Lot Number: UNIT 419
  • Acreage: 5.5
  • Price Per Acre: 48182

Multi Family

  • Number Of Rooms: 5

Tax Info

  • Assessor Parcel Number: 067086 B00102

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 30, 2020
Closed on
Jan 4, 2021
Sold by
Nakitandwe Joy
Bought by
Naik Swati
Seller's Agent
Belinda Raines
Faith Management & Realty Grou
Buyer's Agent
Barbie Dan
Ware Jones, REALTORS
List Price
$265,000
Sold Price
$268,000
Premium/Discount to List
$3,000
1.13%
Current Estimated Value
$332,826

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,826
Avg. Annual Appreciation
4.77%
Original Mortgage
$214,400
Outstanding Balance
$128,540
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$203,694

Purchase Details

Listed on
Feb 1, 2015
Closed on
Mar 3, 2015
Sold by
Ramsey Michael G
Bought by
Nakitandwe Joy
Seller's Agent
Belinda Raines
Faith Management & Realty Grou
Buyer's Agent
Bob Geabhart
Crye-Leike, Inc., REALTORS
List Price
$190,000
Sold Price
$190,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.07%
Original Mortgage
$180,500
Interest Rate
3.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 29, 2008
Sold by
Bristol Park Palace Llc
Bought by
Ramsey Michael G
Source: Public Records

Range of Values:

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Average Value
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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
Naik Swati $268,000 None Available
Nakitandwe Joy $190,000 Realty Title & Escrow Co
Ramsey Michael G $220,900 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Naik Swati $214,400
Previous Owner Nakitandwe Joy $40,000
Previous Owner Nakitandwe Joy $163,000
Previous Owner Nakitandwe Joy $180,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/04/2021 01/04/21 Sold $268,000 +1.1% $223 / Sq Ft
12/02/2020 12/02/20 Pending -- -- --
11/30/2020 11/30/20 For Sale $265,000 +39.5% $221 / Sq Ft
03/04/2015 03/04/15 Sold $190,000 0.0% $158 / Sq Ft
02/03/2015 02/03/15 Pending -- -- --
02/01/2015 02/01/15 For Sale $190,000 -- $158 / 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 -- $77,275 $6,600 $70,675
2024 $1,931 $56,975 $6,600 $50,375
2023 $3,471 $56,975 $6,600 $50,375
2022 $3,471 $56,975 $6,600 $50,375
2021 $3,511 $56,975 $6,600 $50,375
2020 $3,295 $45,475 $6,600 $38,875
2019 $1,453 $45,475 $6,600 $38,875
2018 $1,453 $45,475 $6,600 $38,875
2017 $1,488 $45,475 $6,600 $38,875
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 2021

    Belinda Raines

    Faith Management & Realty Grou

    (901) 752-8983

    39 in this area

    40 Total Sales

    Section Image
  • Barbie Dan

    Buyer's Agent in 2021

    Barbie Dan

    Ware Jones, REALTORS

    (901) 335-7745

    3 in this area

    230 Total Sales

    Section Image
  • Bob Geabhart

    Buyer's Agent in 2015

    Bob Geabhart

    Crye-Leike

    (901) 830-8811

    19 Total Sales

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About The Monarch Condominiums

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10089674

Memphis Area Association of REALTORS®

APN: 06-7086-B0-0102

Tennessee Shelby County Memphis 38119 Colonial Acres

5400 Park Ave Unit 419, Memphis, TN

This home is located at 5400 Park Ave Unit 419, Memphis, TN 38119 since 30 November 2020 and is currently estimated at $332,234, approximately $237 per square foot. This property was built in 1988. 5400 Park Ave Unit 419 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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