Owner/Agent - Buyer to verify all. 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.
Sold for $410,000
$410,000
116 S Gay St APT 201, Knoxville, TN 37902
1beds
600sqft
Condominium
Built in 1920
-- sqft lot
$432,900 Zestimate®
$683/sqft
$1,760 Estimated rent
Home value
$432,900
$403,000 - $463,000
$1,760/mo
Zestimate® history
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$2,531/mo
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List your homeWhat's special
Heart of downtown knoxvilleNew baseball stadiumUniversity of tn campusOld city area
Zillow last checked:
Listing updated:
Listed by:
Chad Copenhaver 865-805-8174,
Keller Williams Signature
Bought with:
Joe Consumo, 277021
Terminus Real Estate, Inc.
Source: East Tennessee Realtors,MLS#: 1261107
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Central, Electric
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Self Cleaning Oven, Washer
Features
- 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
- Has uncovered spaces: Yes
Features
- Has view: Yes
- View description: City
Lot
- Size: 1,306 Square Feet
- Features: Other
Details
- Parcel number: 094EG04300U
Construction
Type & style
- Home type: Condo
- Architectural style: Contemporary,Historic
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Steel, Other, Brick, Metal Siding, Frame
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 201
HOA
- Has HOA: Yes
- Amenities included: Security
- Services included: Pest Control, Fire Protection, Maintenance Structure, Insurance, Trash, Some Amenities, Maintenance Grounds
- HOA fee: $148 monthly
Location
- Region: Knoxville
Financial & listing details
- Price per square foot: $683/sqft
- Tax assessed value: $310,400
- Annual tax amount: $1,206
- Date on market: 4/30/2024
- Listing terms: New Loan,Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 4/30/2024 | Sold | $410,000-13.7%$683/sqft |
Source:  East Tennessee Realtors #1261107 Report a problem | ||
| 3/29/2024 | Listing removed | -- |
Source: East Tennessee Realtors #1247528 Report a problem | ||
| 1/23/2024 | Listed for sale | $475,000-8.7%$792/sqft |
Source: East Tennessee Realtors #1250441 Report a problem | ||
| 12/14/2023 | Listing removed | $520,000$867/sqft |
Source: East Tennessee Realtors #1247528 Report a problem | ||
| 12/11/2023 | Listed for sale | $520,000+187.3%$867/sqft |
Source: East Tennessee Realtors #1247528 Report a problem | ||
| 4/3/2019 | Sold | $181,000$302/sqft |
Source: East Tennessee Realtors #1073610 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,206 | $77,600 |
| 2024 | $1,206 | $77,600 |
| 2023 | $1,206 | $77,600 |
| 2022 | $1,206 +2.3% | $77,600 +39.6% |
| 2021 | $1,179 | $55,600 -75% |
| 2020 | $1,179 | $222,400 |
| 2019 | -- | -- |
Find assessor info on the county website
Neighborhood: Old City
Nearby homes
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- $480,0002 bd1 ba900 sqft116 S Gay St #903, Knoxville, TN 37902Sold
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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
Schools provided by the listing agent
- Elementary: Sequoyah
- Middle: Vine/Magnet
- High: Austin East/Magnet
Source: East Tennessee Realtors. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$432,900
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
$432,900
- Tennessee
- Knox County
- Knoxville
- 37902
- Old City
- 116 S Gay St Apartment 201
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