NOT LISTED FOR SALE

The Monarch Condominiums 5400 Park Ave Unit 420 Memphis, TN 38119

Colonial Acres Neighborhood

Estimated Value: $221,525 - $237,000

1 Bed
1 Bath
100-999 Sq Ft
5.5 Acres

Last Sold January 10, 2018

Last sale price $150,000 $150 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $1,384/month

87 Days on Market

Highlights

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

About This Home

As of January 2018

Reduced 10,000! Ideal location, top floor overlooking fountains. Stunning open floor plan with renovated kitchen and bath, 9ft.ceilings, hardwood, huge walk-in closet. Unmatched amenities include elegant clubroom with kitchen for entertaining, guest suite, on-site property manager, security/concierge officer, well-equipped gym, pool, lighted tennis court, library. Friendly community, secure, well-maintained, financially sound HOA, quiet and private. Low maintenance fees $237.

Last Agent to Sell the Property

Belinda Raines

Faith Management & Realty Grou License #316831 Listed on: 09/11/2017

Last Buyer's Agent

Linda Woods Bell

KAIZEN Realty, LLC License #275139

KAIZEN Realty, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,477

Year Built

  • Built in 1987

Lot Details

  • End Unit
  • Dog Run
  • Wood Fence
  • Brick Fence
  • Landscaped Professionally
  • Few Trees

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Built-Up Roof
  • Synthetic Stucco Exterior

Interior Spaces

  • 100-999 Sq Ft Home
  • 841 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

Kitchen

  • Breakfast Bar
  • Self-Cleaning Oven
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry closet
  • Dryer

Home Security

  • Security Gate
  • Closed Circuit Camera
  • Termite Clearance
  • Iron Doors

Parking

  • 1 Covered Space
  • Gated Parking
  • 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
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 067086 B00103

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
  • The Monarch Community
  • 2Nd Amendment To The Monarch Condos Subdivision

Amenities

  • Clubhouse
  • Guest Suites

Recreation

Pet Policy

  • No Pets Allowed

Security

  • Security Guard
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,477

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Traditional
  • Attached Unit Type: End Unit, 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: 178
  • Number Of Stories: 1
  • Price Per Sq Ft: 178.36
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 841
  • Termite Contract: Yes
  • 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, 1 Bath
  • Additional Bedroom Bathroom Info: All Bedrooms Down, Luxury Primary Bath
  • Estimated Heated Sq Ft Range: 100-999
  • 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, Dryer, Cable Wired
  • Living Dining Kitchen: LR/DR Combination, Breakfast Bar
  • Misc Interior: Walk-In Closet(s), Cat/Dog Free House, Smoke Detector(s), Elevator
  • Other Rooms: Laundry Closet
  • Total Bathrooms: 1
  • 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, Walk-In Closet, Full Bath, Tile Floor

Exterior Features

  • Misc Exterior: Pool Cleaning Equipment, Gas Grill, Patio, Tennis Court, Well Landscaped Grounds, Wood Fence, Pet Area, Brick/Ironed Fence
  • Exterior Windows: Brick Veneer, 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: Gated Parking, Gate Clickers, Assigned Parking, Designated Guest Parking

Utilities

  • Cooling: Central
  • Heating: Central, Electric, Electric Heat Pump
  • Security: Security Gate, Limited Access, Part Time Guard Service, Closed Circuit TV
  • Water Sewer: Electric Water Heater, Public Water

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: The Monarch

Fee Information

  • Monthly Maintenance Fee: 237

Lot Info

  • Lot Description: Some Trees, Lake/Pond on Property, Water View, Professionally Landscaped, Wood Fenced, Brick/Iron Fenced
  • Lot Number: UNIT 420
  • Acreage: 5.5
  • Price Per Acre: 27273

Multi Family

  • Number Of Rooms: 4

Tax Info

  • Assessor Parcel Number: 067086 B00103

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2017
Closed on
Jan 19, 2018
Sold by
Feiler Leonard B
Bought by
Jones Nedra L
Seller's Agent
Belinda Raines
Faith Management & Realty Grou
Buyer's Agent
Linda Woods Bell
KAIZEN Realty, LLC
List Price
$160,000
Sold Price
$150,000
Premium/Discount to List
-$10,000
-6.25%
Current Estimated Value
$231,381

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,381
Avg. Annual Appreciation
5.86%
Original Mortgage
$142,500
Outstanding Balance
$121,366
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$110,207

Purchase Details

Closed on
Aug 29, 2007
Sold by
Bristol Park Palace Llc
Bought by
Feiler Leonard B
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
Jones Nedra L $150,000 Baymark Title & Escrow
Feiler Leonard B $168,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jones Nedra L $142,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/10/2018 01/10/18 Sold $150,000 -6.3% $1,500 / Sq Ft
12/07/2017 12/07/17 Pending -- -- --
09/11/2017 09/11/17 For Sale $160,000 -- $1,600 / 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 $1,477 $55,975 $4,125 $51,850
2024 $1,477 $43,575 $4,125 $39,450
2023 $2,654 $43,575 $4,125 $39,450
2022 $2,654 $43,575 $4,125 $39,450
2021 $2,686 $43,575 $4,125 $39,450
2020 $2,328 $32,125 $4,125 $28,000
2019 $2,328 $32,125 $4,125 $28,000
2018 $2,328 $32,125 $4,125 $28,000
2017 $1,320 $32,125 $4,125 $28,000
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 2018

    Belinda Raines

    Faith Management & Realty Grou

    (901) 752-8983

    39 in this area

    40 Total Sales

    Belinda Raines
    Section Image
  • Linda Woods Bell

    Buyer's Agent in 2018

    Linda Woods Bell

    KAIZEN Realty, LLC

    (901) 340-8024

    2 in this area

    119 Total Sales

    Linda Woods Bell
    Section Image
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About The Monarch Condominiums

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10011192

Memphis Area Association of REALTORS®

APN: 06-7086-B0-0103

Tennessee Shelby County Memphis 38119 Colonial Acres

5400 Park Ave Unit 420, Memphis, TN

This home is located at 5400 Park Ave Unit 420, Memphis, TN 38119 since 11 September 2017 and is currently estimated at $231,381, approximately $231 per square foot. This property was built in 1987. 5400 Park Ave Unit 420 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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