For sale

$250,000

5400 Park Ave #108, Memphis, TN 38119

1beds

957sqft

$1,673/mo

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Condominium

Built in 1988

-- sqft lot

$242,700 Zestimate^®

$261/sqft

$-- HOA

What's special

Amenities include poolPauline room for entertainingHuge bedroomGround floor unitWalk in closetPlantation shuttersGorgeous hardwood throughout

Rare opportunity to own ground floor unit. Recent renovations are knockout. Gorgeous hardwood throughout, 9ft. ceilings, plantation shutters, exquisite crown molding. Huge bedroom and walk in closet. Friendly community with unmatched amenities & services. Amenities include pool, gym, guest suite, pickleball/tennis court, Pauline Room for entertaining, beautiful grounds to walk inside the gates. Financially sound HOA with low monthly HOA fees of $325. On site property manager and staff to assist in every way. Call or text listing agent who lives on the property and can show anytime. Convenient to great restaurants, shopping and easy access to the airport. Three security gates with controlled access, 5.5 acres of beautifully maintained grounds. You will love living at the Monarch, carefree living at its best.

18 days

176

7

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 1
Bathrooms: 1
Full bathrooms: 1

Primary bedroom

Features: Hardwood Floor, Smooth Ceiling, Walk-In Closet(s)
Level: First
Dimensions: 0 x 0

Primary bathroom

Features: Full Bath

Kitchen

Features: Updated/Renovated Kitchen, Washer/Dryer Connections

Living room

Features: LR/DR Combination

Den

Dimensions: 0 x 0

Heating

Central, Electric, Electric Heat Pump

Cooling

Central Air

Appliances

Included: Electric Water Heater, Vent Hood/Exhaust Fan, Range/Oven, Disposal, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Laundry: Laundry Closet

Features

All Bedrooms Down, Renovated Bathroom, Full Bath Down, Smooth Ceiling, High Ceilings, Cable Wired, Walk-In Closet(s), Powder/Dressing Room, 2 or More Elevators, Trash Chute, Square Feet Source: Floor Plans (Builder/Architecture)
Flooring: Hardwood, Tile
Windows: Wood Frames, Double Pane Windows, Window Treatments
Has fireplace: No
Common walls with other units/homes: End Unit

Interior area

Total interior livable area: 957 sqft

Property

Parking

Total spaces: 1
Parking features: Gated, Gate Clickers, Assigned, Guest
Covered spaces: 1

Features

Stories: 1
Exterior features: Auto Lawn Sprinkler, Gas Grill, Tennis Court(s)
Has private pool: Yes
Pool features: Pool Cleaning Equipment, In Ground
Fencing: Wood,Brick/Stone Fenced,Wrought Iron,Brick or Stone Fence,Wood Fence
Waterfront features: Lake/Pond on Property

Lot

Size: 5.5 Acres
Features: Some Trees, Corner Lot, Professionally Landscaped, Well Landscaped Grounds

Details

Parcel number: 067086B00009

Construction

Type & style

Home type: Condo
Architectural style: Traditional
Property subtype: Condominium
Attached to another structure: Yes

Materials

Brick Veneer
Foundation: Slab
Roof: Built-Up/Flat

Condition

New construction: No
Year built: 1988

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Cable Available

Community & HOA

Community

Features: Lighted Tennis Court(s), Fitness Center, Clubhouse w/ Kitchen, Guest Rm Available, Courtyard
Security: Smoke Detector(s), Monitored Alarm, Fire Alarm, Monitored Alarm System, Security Gate, Limited Access, Part Time Guard Service, Dead Bolt Lock(s), Closed Circuit Camera(s)
Subdivision: Amended And Restated Master Deed

HOA

Services included: Exterior Insurance, Maintenance Structure, Maintenance Grounds, Management Fees, Parking, Pest Control, Reserve Fund, Some Utilities, Trash, Water/Sewer

Location

Region: Memphis

Financial & listing details

Price per square foot: $261/sqft
Tax assessed value: $244,000
Annual tax amount: $3,214
Price range: $250K - $250K
Date on market: 7/19/2026

Estimated market value

$242,700

$231,000 - $255,000

$1,944/mo

Price history

Date	Event	Price
7/19/2026	Listed for sale	$250,000-0.8%$261/sqft
Source: MAAR #10226473 Report a problem
5/20/2022	Sold	$252,000$263/sqft
Source: MAAR #10122490 Report a problem
4/26/2022	Pending sale	$252,000$263/sqft
Source: MAAR #10122490 Report a problem
4/26/2022	Listed for sale	$252,000+32.6%$263/sqft
Source: MAAR #10122490 Report a problem
8/31/2020	Sold	$190,000$199/sqft
Source: MAAR #10083920 Report a problem
8/31/2020	Listed for sale	$190,000+79.2%$199/sqft
Source: Faith Management & Realty Grou #10083920 Report a problem
2/21/2012	Sold	$106,000-18.5%$111/sqft
Source: MAAR #3237929 Report a problem
3/23/2011	Sold	$130,000$136/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,215 +6%	$61,000 +32.5%
2024	$3,033 +8.1%	$46,050
2023	$2,805	$46,050
2022	--	$46,050
2021	--	$46,050 +28.1%
2020	$1,149	$35,950
2019	$1,149 -21.1%	$35,950
2018	$1,456 -45.1%	$35,950
2017	$2,654 +194.5%	$35,950 +35.7%
2016	$901 -55%	$26,500
2014	$2,004	$26,500
2013	--	$26,500 -32.5%
2012	--	$39,275 -37.5%
2011	--	$62,840 +60%
2010	--	$39,275
2009	--	$39,275 -1.5%
2008	--	$39,875
2007	--	$39,875

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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