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Sold for $715,000
    • $715,000

    116 S Gay St APT 107, Knoxville, TN 37902

    3beds
    1,260sqft
    Condominium
    Built in 1920
    -- sqft lot
    $759,300 Zestimate®
    $567/sqft
    $2,887 Estimated rent

    Home value

    $759,300

    $691,000 - $835,000

    $2,887/mo

    Zestimate® history
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    What's special

    Old city area
    This unit is unique in that is only 1 of 14 units in the entire building that does not have a restriction against being used as a short-term rental like an Airbnb or VRBO. Owners can use the unit for their own personal use to attend football, baseball and basketball games, attend concerts, shows and other events or to spend holidays downtown. When owners are not using it for themselves, they can generate passive income by using it as a short-term rental. Sterchi Lofts is located in the heart of downtown Knoxville and is within walking distance of Market Square, the Old City area and the site of the new baseball stadium construction. It's also convenient to the University of TN campus and the developing South Knoxville Waterfront area. Enjoy all the best restaurants, nightlife and entertainment that downtown has to offer and generate income on the side. Furniture will all convey except any paintings. (New Owners would need to obtain their own STR permit) *Buyers to verify sq. ft. *** Buyers to verify sq. ft. *** Acceptable terms are cash or financing without appraisal contingencies. ***

    Zillow last checked:

    Listing updated:

    Listed by:

    Joe Consumo 865-386-3406,

    Terminus Real Estate, Inc.

    Bought with:

    Bedros Bozdogan, 317461

    Keller Williams Realty

    Source: East Tennessee Realtors,MLS#: 1239533MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Central, Electric
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Microwave, Range, Refrigerator, Self Cleaning Oven
    Features
    • Eat-in Kitchen
    • Flooring: Other
    • Windows: Aluminum Frames
    • Basement: None
    • Has fireplace: No
    • Fireplace features: None
    Interior area
    • Total structure area: 1,260
    • Total interior livable area: 1,260 sqft

    Property

    Parking
    • Parking features: On Street, Other
    • Has uncovered spaces: Yes
    Features
    • Has view: Yes
    • View description: Mountain(s), City
    Lot
    • Size: 2,613 Square Feet
    • Features: Other
    Details
    • Parcel number: 094EG04300S

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: Historic
    • Property subtype: Condominium
    • Attached to another structure: Yes
    Materials
    • Steel, Brick, Metal Siding
    Condition
    • Year built: 1920

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Sidewalks
    • Subdivision: Sterchi Lofts Condominiums
    HOA
    • Has HOA: Yes
    • Services included: Pest Control, Fire Protection, Maintenance Structure, Insurance, Trash, Some Amenities, Maintenance Grounds
    • HOA fee: $303 monthly
    Location
    • Region: Knoxville

    Financial & listing details

    • Price per square foot: $567/sqft
    • Tax assessed value: $465,700
    • Annual tax amount: $1,809
    • Date on market: 9/13/2023
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    10/12/2023Sold$715,000-4.7%$567/sqft
    Source: East Tennessee Realtors #1239533 Report a problem
    9/20/2023Pending sale$750,000$595/sqft
    Source: East Tennessee Realtors #1239533 Report a problem
    9/13/2023Listed for sale$750,000+92.3%$595/sqft
    Source: East Tennessee Realtors #1239533 Report a problem
    7/15/2020Sold$390,000+14%$310/sqft
    Source: Public Record Report a problem
    3/18/2020Sold$342,000$271/sqft
    Source: East Tennessee Realtors #1111428 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,809 $116,425
    2024$1,809 $116,425
    2023$1,809 $116,425
    2022$1,809 -1.5%$116,425 +34.4%
    2021$1,837 +177.1%$86,650 -30.7%
    2020$663 $125,100
    2019-- --
    Find assessor info on the county website

    Neighborhood: Old City

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    Estimated market value
    $759,300
    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
    $759,300

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