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Sold for $950,000
  • $950,000

    116 S Gay St APT 205, Knoxville, TN 37902

    4beds
    2,130sqft
    Condominium
    Built in 1920
    -- sqft lot
    $1,059,500 Zestimate®
    $446/sqft
    $3,370 Estimated rent

    Home value

    $1,059,500

    $954,000 - $1.19M

    $3,370/mo

    Zestimate® history
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    What's special

    Contemporary fixturesSpacious great roomLarge bonus areaBright and modern kitchenTastefully updated bathroomsSleek subway tileSoaring ceilings
    Located on Downtown's vibrant 100-Block in the historic Sterchi Building, this beautifully renovated four bedroom loft features a spacious great room, a bright & modern kitchen, soaring ceilings, and expansive windows overlooking picturesque Gay Street. The tastefully updated bathrooms feature sleek subway tile and contemporary fixtures. A large bonus area could be a perfect flex space for a second living room, home office or additional guests. Enjoy the exceptional building amenities including a fitness studio, storage room with individual leased spaces, and huge rooftop terrace overlooking the Downtown skyline. Parking permit for a nearby lot, pre-paid for 2 years, is included in the price. Experience the best of urban living here in Knoxville's Arts/Old City District, an eclectic pocket of Downtown known for its picturesque century-old buildings housing many of the city's most popular restaurants, cafes, entertainment venues, fitness studios & galleries. And with close proximity to the new multi-use stadium, Market Square & Theater District, artsy Emory Place, Downtown North, PetSafe dog park, World's Fair Park, greenway system, and even an easy mile to the University of Tennessee campus and the South Waterfront, you can enjoy it all while living in Sterchi Lofts. Approx. size per CRS is an estimate only. Buyer to verify size, taxes and HOA fees, which are subject to change. Note: Presently, this is one of the few residences in the building in which AirBnB/STR is permitted by the HOA.

    Zillow last checked:

    Listing updated:

    Listed by:

    Faaron Stultz 865-850-1479,

    Terminus Real Estate, Inc.,

    Kimberly Dixon Hamilton,

    Downtown Realty, Inc.

    Bought with:

    Jamie Seal, 304068

    Keller Williams Signature

    Source: East Tennessee Realtors,MLS#: 1294418MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Central, Electric
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
    Features
    • Kitchen Island, Elevator, Eat-in Kitchen
    • Flooring: Other
    • Windows: Aluminum Frames
    • Basement: None
    • Has fireplace: No
    • Fireplace features: None
    Interior area
    • Total structure area: 2,130
    • Total interior livable area: 2,130 sqft

    Property

    Parking
    • Parking features: Other
    Features
    • Has view: Yes
    • View description: City
    Lot
    • Size: 2,178 Square Feet
    • Features: Other
    Details
    • Parcel number: 094EG04300Y

    Construction

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

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: Sterchi Lofts
    HOA
    • Has HOA: Yes
    • Services included: Pest Control, Fire Protection, Maintenance Structure, Insurance, Trash, Maintenance Grounds
    • HOA fee: $533 monthly
    Location
    • Region: Knoxville

    Financial & listing details

    • Price per square foot: $446/sqft
    • Tax assessed value: $719,500
    • Annual tax amount: $2,795
    • Date on market: 8/23/2025
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    9/5/2025Sold$950,000-4.5%$446/sqft
    Source: East Tennessee Realtors #1294418 Report a problem
    8/23/2025Pending sale$995,000$467/sqft
    Source: East Tennessee Realtors #1294418 Report a problem
    4/22/2025Price change$995,000-7.4%$467/sqft
    Source: East Tennessee Realtors #1294418 Report a problem
    3/24/2025Listed for sale$1,075,000-2.3%$505/sqft
    Source: East Tennessee Realtors #1294418 Report a problem
    10/25/2024Listing removed$1,100,000$516/sqft
    Source: East Tennessee Realtors #1274644 Report a problem
    10/24/2024Price change$1,100,000-8.3%$516/sqft
    Source: East Tennessee Realtors #1274644 Report a problem
    8/28/2024Listed for sale$1,200,000+155.3%$563/sqft
    Source: East Tennessee Realtors #1274644 Report a problem
    4/7/2021Sold$470,000$221/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,795 $179,875
    2024$2,795 $179,875
    2023$2,795 +230%$179,875 +229.9%
    2022$847 -23.8%$54,525 +3.9%
    2021$1,112 $52,475 -75%
    2020$1,112 $209,900
    2019-- --
    Find assessor info on the county website

    Neighborhood: Old City

    Nearby schools

    GreatSchools rating
    Get a cash offer in 3 minutes
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    Estimated market value
    $1,059,500
    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
    $1,059,500