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Sold for $440,000
  • $440,000

    116 S Gay St APT 708, Knoxville, TN 37902

    2beds
    990sqft
    Condominium
    Built in 1920
    -- sqft lot
    $445,200 Zestimate®
    $444/sqft
    $2,277 Estimated rent

    Home value

    $445,200

    $423,000 - $467,000

    $2,277/mo

    Zestimate® history
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    $2,791/mo

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    What's special

    Back on the market! One of the best values downtown! Welcome to urban living at its finest in this industrial style minimalistic 2-bedroom, 1-bath condo located in the heart of Downtown Knoxville. Nestled in the historic Sterchi Lofts, this home puts you within walking distance of the Tennessee Theatre, Market Square, the Old City, and the exciting new Smokies baseball stadium. You're also just minutes from the University of Tennessee campus and the vibrant South Knoxville riverfront. The unit is wired for AT&T fiber optic, ideal for remote work or streaming. Residents enjoy access to the on-site fitness center and a rooftop deck offering stunning views of the Knoxville skyline, the Great Smoky Mountains, and the new baseball stadium. Enjoy the ultimate downtown lifestyle with Knoxville's best restaurants, bars, and entertainment right outside your door. Outdoor lovers will appreciate being near over 30 miles of greenways, boating and kayaking at Volunteer Landing, as well as the trails, boardwalks, and quarry at Ijams Nature Center. Don't miss this opportunity to own to join the thriving downtown community and enjoy all the perks city life has to offer. *Additional storage units are available to rent in the building for added convenience. Buyers to verify square footage.

    Zillow last checked:

    Listing updated:

    Listed by:

    Joe Consumo 865-386-3406,

    Terminus Real Estate, Inc.,

    Gabi Stephens 615-419-6788,

    Terminus Real Estate, Inc.

    Bought with:

    Aimee Lee Lucas, 356722

    ReMax Preferred Properties, In

    Source: East Tennessee Realtors,MLS#: 1310638MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    • Full bathrooms: 1
    Heating
    • Central, Electric
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Microwave, Range, Self Cleaning Oven
    Features
    • Elevator, Eat-in Kitchen
    • Flooring: Other
    • Windows: Aluminum Frames
    • Basement: None
    • Has fireplace: No
    • Fireplace features: None
    Interior area
    • Total structure area: 990
    • Total interior livable area: 990 sqft

    Property

    Parking
    • Parking features: On Street, Off Street, Other
    • Has uncovered spaces: Yes
    Features
    • Has view: Yes
    • View description: Mountain(s), City
    Lot
    • Size: 871 Square Feet
    • Features: Other
    Details
    • Parcel number: 094EG04302V

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: Historic
    • Property subtype: Condominium
    • Attached to another structure: Yes
    Materials
    • Steel, Brick, Metal Siding, 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 708
    HOA
    • Has HOA: Yes
    • Services included: Pest Control, Fire Protection, Maintenance Structure, Insurance, Trash, Some Amenities, Maintenance Grounds
    • HOA fee: $239 monthly
    Location
    • Region: Knoxville

    Financial & listing details

    • Price per square foot: $444/sqft
    • Tax assessed value: $305,600
    • Annual tax amount: $1,187
    • Date on market: 10/14/2025
    • Listing terms: Alternative,Cash,Conventional

    Price history

    DateEventPrice
    2/18/2026Sold$440,000-3.9%$444/sqft
    Source: East Tennessee Realtors #1310638 Report a problem
    1/16/2026Pending sale$458,000$463/sqft
    Source: East Tennessee Realtors #1310638 Report a problem
    12/10/2025Price change$458,000-1.5%$463/sqft
    Source: East Tennessee Realtors #1310638 Report a problem
    10/14/2025Listed for sale$465,000$470/sqft
    Source: East Tennessee Realtors #1310638 Report a problem
    10/9/2025Pending sale$465,000$470/sqft
    Source: East Tennessee Realtors #1310638 Report a problem
    8/1/2025Listed for sale$465,000+52.5%$470/sqft
    Source: East Tennessee Realtors #1310638 Report a problem
    11/26/2019Sold$305,000$308/sqft
    Source: East Tennessee Realtors #1101660 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,187 $76,400
    2024$1,187 $76,400
    2023$1,187 $76,400
    2022$1,187 -16.5%$76,400 +13.9%
    2021$1,422 $67,075 -75%
    2020$1,422 $268,300
    2019-- --
    Find assessor info on the county website

    Neighborhood: Old City

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $445,200
    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
    $445,200