Is downtown living calling your name? Look no further than Sterchi Lofts, the ultimate downtown Knoxville location. Nestled perfectly between the vibrant Old City and bustling Market Square, this prime spot puts you just steps away from incredible dining, entertainment, shopping, and cultural experiences. Unit 501 offers a stunning blend of industrial charm and modern design, featuring a desirable layout with clearly defined living and sleeping areas. Thoughtful touches include in-unit laundry for added convenience and ample storage, including an expanded closet space and extra pantry/storage space. Residents enjoy exclusive amenities such as a fully equipped fitness room to keep you active and a rooftop patio with sweeping city views - the perfect spot to unwind or entertain. This unit is ideal for downtown professionals and workers, University of Tennessee students and faculty, second-home seekers, or anyone ready to embrace the ultimate downtown lifestyle. BONUS: Sterchi Lofts is just a 5-minute walk to Knoxville's exciting new multi-use stadium, home to professional baseball, soccer, and year-round live entertainment events. Don't miss your chance to live your best life in the heart of the city. Schedule your private tour today!
Sold for $319,000
$319,000
116 S Gay St #501, Knoxville, TN 37902
1beds
600sqft
Condominium
Built in 1920
-- sqft lot
$345,600 Zestimate®
$532/sqft
$1,760 Estimated rent
Home value
$345,600
$318,000 - $377,000
$1,760/mo
Zestimate® history
Owner options
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$2,013/mo
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$2,013/mo
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List your homeWhat's special
Expanded closet spaceModern designIndustrial charmAmple storageIn-unit laundry
Zillow last checked:
Listing updated:
Listed by:
Michael Shotwell,
Realty Executives Associates,
Wesley C. Shotwell,
Realty Executives Associates
Bought with:
Angela Worsham, 360716
Wallace
Source: East Tennessee Realtors,MLS#: 1286882
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Central, Electric
Cooling
- Central Air
Appliances
- Included: Dishwasher, Dryer, Microwave, Range, Refrigerator, Self Cleaning Oven
Features
- Elevator, Pantry, Eat-in Kitchen
- Flooring: Other
- Windows: Aluminum Frames
- Basement: None
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 600
- Total interior livable area: 600 sqft
Property
Parking
- Parking features: On Street, Off Street, Other
- Has uncovered spaces: Yes
Features
- Has view: Yes
- View description: City
Lot
- Size: 435 Square Feet
- Features: Other
Details
- Parcel number: 094EG04301U
Construction
Type & style
- Home type: Condo
- Architectural style: Historic
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Brick, Block
Condition
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Sidewalks
- Security: Smoke Detector(s)
- Subdivision: Sterchi Lofts Condos Unit 501
HOA
- Has HOA: Yes
- Amenities included: Other
- Services included: Pest Control, Fire Protection, Maintenance Structure, Insurance, Trash, Some Amenities, Maintenance Grounds
- HOA fee: $157 monthly
Location
- Region: Knoxville
Financial & listing details
- Price per square foot: $532/sqft
- Tax assessed value: $205,800
- Annual tax amount: $800
- Date on market: 1/15/2025
Price history
| Date | Event | Price |
|---|---|---|
| 3/4/2025 | Sold | $319,000-6.1%$532/sqft |
Source:  East Tennessee Realtors #1286882 Report a problem | ||
| 2/23/2025 | Pending sale | $339,900$567/sqft |
Source: East Tennessee Realtors #1286882 Report a problem | ||
| 1/14/2025 | Listed for sale | $339,900-2.9%$567/sqft |
Source: East Tennessee Realtors #1286882 Report a problem | ||
| 10/4/2024 | Listing removed | $350,000-6.7%$583/sqft |
Source: East Tennessee Realtors #1275386 Report a problem | ||
| 9/4/2024 | Listed for sale | $375,000+72.8%$625/sqft |
Source: East Tennessee Realtors #1275386 Report a problem | ||
| 10/16/2020 | Sold | $217,000$362/sqft |
Source: East Tennessee Realtors #1116624 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $800 | $51,450 |
| 2024 | $800 | $51,450 |
| 2023 | $800 | $51,450 |
| 2022 | $800 -10.4% | $51,450 +22.2% |
| 2021 | $893 +182.6% | $42,100 -29.5% |
| 2020 | $316 | $59,700 |
| 2019 | -- | -- |
Find assessor info on the county website
Neighborhood: Old City
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Nearby schools
GreatSchools rating
- 10/10Sequoyah Elementary SchoolGrades: K-5Distance: 3.5 mi
- 2/10Vine Middle/MagnetGrades: 6-8Distance: 0.9 mi
- 4/10Austin East High/MagnetGrades: 9-12Distance: 2.4 mi
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Estimated market value
$345,600
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$345,600
- Tennessee
- Knox County
- Knoxville
- 37902
- Old City
- 116 S Gay St Unit 501
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