NOT LISTED FOR SALE

The Monarch Condominiums 5400 Park Ave Unit 421 Memphis, TN 38119

Colonial Acres Neighborhood

Estimated Value: $313,000 - $335,000

2 Beds
2 Baths
1,200-1,399 Sq Ft
2,657 Sq Ft Lot

Last Sold April 22, 2015

Last sale price $190,000 $136 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $1,966/month

6 Days on Market

Highlights

  • In Ground Pool
  • Lake On Lot
  • Updated Kitchen
  • White Station High Rated A
  • Gated Parking
  • Landscaped Professionally

About This Home

As of April 2015

Knockout!! Professionally decorated, furnishings stay! Ideally located on top floor facing East. Open kitchen is stunning with granite countertops, SS appliances, recessed lighting, and ultra sleek backsplash. Nine foot smooth ceilings with exquisite crown moulding, gorgeous hardwood and window treatments. Huge master with walk-in closet and updated bath. Bonus storage closet off the dining room. On site property manager & concierge/security officer along with unmatched amenities in E. Mphs

Last Agent to Sell the Property

Belinda Raines

Faith Management & Realty Grou License #316831 Listed on: 03/21/2015

Last Buyer's Agent

Richard Scarbrough

BEST Real Estate Company License #53291

BEST Real Estate Company

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,931

Year Built

  • Built in 1987

Lot Details

  • Dog Run
  • Wood Fence
  • Brick Fence
  • Landscaped Professionally
  • Sprinklers on Timer
  • Few Trees

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Built-Up Roof

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,293 Sq Ft Home
  • 1-Story Property
  • Smooth Ceilings
  • Ceiling height of 9 feet or more
  • Some Wood Windows
  • Double Pane Windows
  • Window Treatments
  • Combination Dining and Living Room

Kitchen

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

Flooring

  • Wood
  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry closet
  • Washer

Home Security

  • Home Security System
  • Security Gate
  • Termite Clearance
  • Iron Doors

Parking

  • 1 Covered Space
  • Gated Parking
  • Guest Parking

Pool

  • In Ground Pool
  • Pool Equipment or Cover

Outdoor Features

  • Lake On Lot
  • Courtyard
  • Outdoor Storage
  • Outdoor Gas Grill

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 067086 B00104

Community Details

Overview

  • Property has a Home Owners Association
  • $337 Maintenance Fee
  • Association fees include some utilities, 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
  • Property managed by Ledic

Amenities

  • Trash Chute
  • Clubhouse
  • Guest Suites

Recreation

Pet Policy

  • No Pets Allowed

Security

  • Security Guard
  • Fire and Smoke Detector
  • Fire Escape

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,931

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
  • List Price Per Sq Ft: 155
  • Number Of Stories: 1
  • Price Per Sq Ft: 146.95
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1293
  • 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, 2nd Bedroom, 2 or More Baths
  • Additional Bedroom Bathroom Info: All Bedrooms Down, Primary Down, Renovated Bathroom
  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedroom 2 Description: Level 1, Private Full Bath, Smooth Ceiling, Carpet
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Floors/Ceilings: Part Hardwood, Part Carpet, Smooth Ceiling, 9 or more Ft. Ceiling
  • Full Bathrooms: 2
  • Equipment: Range/Oven, Disposal, Dishwasher, Microwave, Refrigerator, Washer, Cable Wired
  • Living Dining Kitchen: LR/DR Combination, Updated/Renovated Kitchen, Pantry, Washer/Dryer Connections
  • Misc Interior: All Window Treatments, Walk-In Closet(s), Cat/Dog Free House, Security System, Smoke Detector(s), 2 or More Elevators, Trash Chute
  • Other Rooms: Laundry Closet
  • Total Bathrooms: 2
  • 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, Smooth Ceiling, Carpet

Exterior Features

  • Misc Exterior: Auto Lawn Sprinkler, Pool Cleaning Equipment, Gas Grill, Courtyard, Well Landscaped Grounds, Brick or Stone Fence, Wood Fence, Storage, Pet Area, Sidewalks, Fire Escape, Brick/Ironed Fence
  • Exterior Windows: Wood/Composition, 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, Designated Guest Parking

Utilities

  • Cooling: Central
  • Heating: Electric Heat Pump
  • Security: 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), Clubhouse, Clubhouse w/ Kitchen, Guest Rm Available, Courtyard, Lake/Pond on Property
  • Condo Fees Include: Some Utilities, Trash Collection, Exterior Maintenance, Grounds Maintenance, Management Fees, Exterior Insurance, Reserve Fund, Parking, Pest Control Contract
  • Condominium Association: Yes
  • Condominium Name: The Monarch
  • Management Company: Ledic

Fee Information

  • Monthly Maintenance Fee: 337

Lot Info

  • Lot Description: Some Trees, Lake/Pond on Property, Professionally Landscaped, Brick/Iron Fenced
  • Lot Number: UNIT 421

Multi Family

  • Number Of Rooms: 5

Tax Info

  • Assessor Parcel Number: 067086 B00104

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2015
Closed on
Apr 22, 2015
Sold by
Payne Colleen
Bought by
Kumar Radha R
Seller's Agent
Belinda Raines
Faith Management & Realty Grou
Buyer's Agent
Richard Scarbrough
BEST Real Estate Company
List Price
$200,000
Sold Price
$190,000
Premium/Discount to List
-$10,000
-5%
Current Estimated Value
$329,703

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$139,703
Avg. Annual Appreciation
5.58%
Original Mortgage
$133,000
Interest Rate
3.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 15, 2010
Sold by
Bristol Park Palace Llc
Bought by
Gunn Robert C and Gunn Eileen
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
Kumar Radha R $190,000 Delta Title Services Llc
Gunn Robert C $160,000 Title & Escrow Services Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kumar Radha Rangaswamy M $90,000
Closed Mahesh Kumar Radha Rangaswamy $50,000
Closed Kumar Radha R $133,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/22/2015 04/22/15 Sold $190,000 -5.0% $158 / Sq Ft
03/27/2015 03/27/15 Pending -- -- --
03/21/2015 03/21/15 For Sale $200,000 -- $167 / 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 $1,931 $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 $3,295 $45,475 $6,600 $38,875
2018 $3,295 $45,475 $6,600 $38,875
2017 $1,869 $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 2015

    Belinda Raines

    Faith Management & Realty Grou

    (901) 752-8983

    39 in this area

    40 Total Sales

    Section Image

  • R

    Buyer's Agent in 2015

    Richard Scarbrough

    BEST Real Estate Company

    (901) 753-3491

    2 in this area

    15 Total Sales

    Section Image
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About The Monarch Condominiums

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 9947586

Memphis Area Association of REALTORS®

APN: 06-7086-B0-0104

Tennessee Shelby County Memphis 38119 Colonial Acres

5400 Park Ave Unit 421, Memphis, TN

This home is located at 5400 Park Ave Unit 421, Memphis, TN 38119 since 21 March 2015 and is currently estimated at $325,689, approximately $232 per square foot. This property was built in 1987. 5400 Park Ave Unit 421 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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