NOT LISTED FOR SALE

The Monarch Condominiums 5400 Park Ave Unit 424 Memphis, TN 38119

Colonial Acres Neighborhood

Estimated Value: $309,000 - $348,000

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

Last Sold April 15, 2021

Last sale price $280,000 $200 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $1,938/month

1 Day 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 April 2021

Perfectly located on top floor overlooking the pool. Hardwood throughout, 9 foot ceiling, exquisite crown molding. Stainless steel appliances, granite countertops, backsplash, recessed lighting. Spacious master with walk in closet and walk- in shower. Unmatched amenities include Security, on-site Property Manager, gym, tennis court, pool, Library, Pauline Room and full service kitchen for entertaining. Warm friendly community. Elegance and convenience in the heart of East Memphis

Last Listed By

Belinda Raines

Faith Management & Realty Grou License #316831 Listed on: 03/10/2021

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,757

Year Built

  • Built in 1988

Lot Details

  • Brick Fence
  • Landscaped Professionally
  • Sprinklers on Timer
  • Few Trees

Home Design

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

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,096 Sq Ft Home
  • Smooth Ceilings
  • Ceiling height of 9 feet or more
  • Some Wood Windows
  • Double Pane Windows
  • Window Treatments
  • Combination Dining and Living Room
  • Water Views

Kitchen

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

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • En-Suite Bathroom
  • Walk-In Closet
  • Remodeled Bathroom
  • Two Primary Bathrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Termite Clearance
  • Iron Doors

Parking

  • 1 Car Attached Garage
  • 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 B00107

Community Details

Overview

  • Property has a Home Owners Association
  • $333 Maintenance Fee
  • Association fees include 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
  • Property managed by Envolve

Amenities

  • Trash Chute
  • Clubhouse
  • Guest Suites

Recreation

Pet Policy

  • No Pets Allowed

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,757

Year Built

Built in 1988

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: 255
  • Price Per Sq Ft: 255.47
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1096
  • Termite Contract: Yes
  • Year Built: 1988
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Kitchen, Master Bedroom, 2nd Bedroom, 2 or More Baths, Laundry Room
  • Additional Bedroom Bathroom Info: All Bedrooms Down, Master Down, Renovated Bathroom, 2 Full Master Baths
  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedroom 2 Description: Private Full Bath, Smooth Ceiling, Hardwood Floor
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Floors/Ceilings: Hardwood Throughout, Tile, Smooth Ceiling, 9 or more Ft. Ceiling
  • Full Bathrooms: 2
  • Equipment: Range/Oven, Self Cleaning Oven, Disposal, Dishwasher, Microwave, Refrigerator, Washer, Dryer, Cable Wired
  • Living Dining Kitchen: LR/DR Combination, Updated/Renovated Kitchen, Pantry
  • Primary Bathroom Description: Smooth Ceiling, Tile Floor
  • Master Bedroom: Level 1, Walk-In Closet, Smooth Ceiling, Hardwood Floor
  • Misc Interior: All Window Treatments, Walk-In Closet(s), Cat/Dog Free House, Smoke Detector(s), 2 or More Elevators, Trash Chute
  • Other Rooms: Laundry Closet
  • Total Bathrooms: 2

Exterior Features

  • Misc Exterior: Auto Lawn Sprinkler, Pool Cleaning Equipment, Gas Grill, Patio, Tennis Court
  • 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

  • Attached Detached Parking: Attached
  • Number Covered Parking Spaces: 1
  • Parking Display: 1A
  • Parking Storage: Gated Parking, Gate Clickers, Assigned Parking, Designated Guest Parking

Utilities

  • Cooling: Central
  • Heating: Central, Electric Heat Pump
  • 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: 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
  • Management Company: Envolve

Fee Information

  • Monthly Maintenance Fee: 333

Lot Info

  • Lot Description: Some Trees, Lake/Pond on Property, Water View, Professionally Landscaped, Brick/Stone Fenced
  • Lot Number: UNIT 424
  • Acreage: 5.5
  • Price Per Acre: 50909

Tax Info

  • Assessor Parcel Number: 067086 B00107

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 22, 2024
Sold by
Lindley Jeffrey E
Bought by
Nokes Lindley Sara
Total Days on Market
1
Current Estimated Value
$320,125

Purchase Details

Listed on
Mar 10, 2021
Closed on
Apr 14, 2021
Sold by
Irving Jones Angharad and Phillips Alan Dean
Bought by
Lindley Jeffrey E
Seller's Agent
Belinda Raines
Faith Management & Realty Grou
Buyer's Agent
Belinda Raines
Faith Management & Realty Grou
List Price
$280,000
Sold Price
$280,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.41%

Purchase Details

Listed on
Jul 10, 2014
Closed on
Sep 9, 2014
Sold by
Kimmell Edmund C and Bunyard Kathleen K
Bought by
Irving Jones Angharad and Phillips Alan Dean
Seller's Agent
Belinda Raines
Faith Management & Realty Grou
Buyer's Agent
Mike Parker
The Firm
List Price
$155,000
Sold Price
$148,000
Premium/Discount to List
-$7,000
-4.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.14%

Purchase Details

Closed on
Feb 27, 2007
Sold by
Bristol Park Palace Llc
Bought by
Kimmell Edmund C and Bunyard Kathleen K

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
Nokes Lindley Sara -- None Listed On Document
Lindley Jeffrey E $280,000 Foundation Title & Escrow
Irving Jones Angharad $148,000 None Available
Kimmell Edmund C $194,000 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2021 04/15/21 Sold $280,000 0.0% $233 / Sq Ft
03/11/2021 03/11/21 Pending -- -- --
03/10/2021 03/10/21 For Sale $280,000 0.0% $233 / Sq Ft
04/01/2016 04/01/16 Rented $1,800 0.0% --
04/01/2016 04/01/16 Under Contract -- -- --
04/01/2016 04/01/16 For Rent $1,800 0.0% --
09/11/2014 09/11/14 Sold $148,000 -4.5% $148 / Sq Ft
08/23/2014 08/23/14 Pending -- -- --
07/10/2014 07/10/14 For Sale $155,000 -- $155 / 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 $1,757 $51,825 $5,875 $45,950
2023 $3,157 $51,825 $5,875 $45,950
2022 $3,157 $51,825 $5,875 $45,950
2021 $1,788 $51,825 $5,875 $45,950
2020 $3,087 $42,600 $5,875 $36,725
2019 $1,361 $42,600 $5,875 $36,725
2018 $1,361 $42,600 $5,875 $36,725
2017 $1,394 $42,600 $5,875 $36,725
2016 $1,609 $36,825 $0 $0
2014 $1,609 $36,825 $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
  • Mike Parker

    Buyer's Agent in 2014

    Mike Parker

    The Firm

    (901) 277-7275

    3 in this area

    271 Total Sales

    Mike Parker
    Section Image
See All Agents

About The Monarch Condominiums

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10094862

Memphis Area Association of REALTORS®

APN: 06-7086-B0-0107

Tennessee Shelby County Memphis 38119 Colonial Acres

5400 Park Ave Unit 424, Memphis, TN

Homes for Sale in Memphis, TN

This home is located at 5400 Park Ave Unit 424, Memphis, TN 38119 since 10 March 2021 and is currently estimated at $320,125, approximately $228 per square foot. This property was built in 1988. 5400 Park Ave Unit 424 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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