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Sold for $535,000
  • $535,000

    116 S Gay St APT 905, Knoxville, TN 37902

    2beds
    900sqft
    Condominium
    Built in 1920
    -- sqft lot
    $535,100 Zestimate®
    $594/sqft
    $2,204 Estimated rent

    Home value

    $535,100

    $508,000 - $562,000

    $2,204/mo

    Zestimate® history
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    What's special

    Open floorplanStainless steel appliancesModern cabinetryBuilt-in wine fridgeOversized industrial windowsSpanish rocca tile backsplashHigh ceilings
    Enjoy urban living in the heart of downtown Knoxville at 116 S Gay St #905, a 2-bedroom, 1-bath loft in the iconic Sterchi Lofts located on the 100 block of the historic Arts District of Downtown. This modern industrial condo features an open floorplan with high ceilings and a seamless flow from the updated kitchen into a large, light-filled living area anchored by oversized industrial windows showcasing stunning downtown sunsets. The kitchen offers modern cabinetry, Spanish Rocca tile backsplash, stainless steel appliances, and a built-in wine fridge--perfect for entertaining. Both bedrooms provide flexibility for guests or a home office, while the primary bedroom captures elevated city views that overlook downtown Knoxville, great for viewing holiday lights and parades. This property puts you steps from the best highlights of downtown living like Market Square and the Old City. Conveniently located near top-rated restaurants, coffee shops, nightlife, and entertainment venues like the Tennessee and Bijou Theatres. Enjoy easy access to sporting events, festivals, and everything Knoxville has to offer, all within walking distance. Whether you're searching for a primary residence, second home, or investment opportunity, this property delivers the ideal blend of location, lifestyle, and historic character. **Buyers to verify sq ft, taxes and HOA dues.

    Zillow last checked:

    Listing updated:

    Listed by:

    Joe Consumo 865-386-3406,

    Terminus Real Estate, Inc.

    Bought with:

    Mindy Spiller, 331582

    ReMax Preferred Properties, In

    Source: East Tennessee Realtors,MLS#: 1335802MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    • Full bathrooms: 1
    Heating
    • Central, Electric
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Disposal, Microwave, Range, Refrigerator, 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: 900
    • Total interior livable area: 900 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: 094EG04303N

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: Historic
    • Property subtype: Condominium
    • Attached to another structure: Yes
    Materials
    • Steel, Stone, 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 905
    HOA
    • Has HOA: Yes
    • Services included: Pest Control, Fire Protection, Maintenance Structure, Insurance, Trash, Some Amenities, Maintenance Grounds
    • HOA fee: $252 monthly
    Location
    • Region: Knoxville

    Financial & listing details

    • Price per square foot: $594/sqft
    • Tax assessed value: $358,300
    • Annual tax amount: $1,392
    • Date on market: 4/8/2026

    Price history

    DateEventPrice
    7/24/2026Sold$535,000-2.7%$594/sqft
    Source: East Tennessee Realtors #1335802 Report a problem
    6/26/2026Pending sale$549,900$611/sqft
    Source: East Tennessee Realtors #1335802 Report a problem
    6/13/2026Price change$549,900-4.4%$611/sqft
    Source: East Tennessee Realtors #1335802 Report a problem
    4/8/2026Listed for sale$575,000+50.5%$639/sqft
    Source: East Tennessee Realtors #1335802 Report a problem
    8/27/2021Sold$382,000-4.5%$424/sqft
    Source: East Tennessee Realtors #1158850 Report a problem
    7/3/2021Pending sale$400,000$444/sqft
    Source: East Tennessee Realtors #1158850 Report a problem
    7/2/2021Listed for sale$400,000$444/sqft
    Source: East Tennessee Realtors #1158850 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,392 $89,575
    2024$1,392 $89,575
    2023$1,392 $89,575
    2022$1,392 +194.3%$89,575 +301.7%
    2021$473 $22,300 -75%
    2020$473 $89,200
    2019-- --
    Find assessor info on the county website

    Neighborhood: Old City

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $535,100
    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
    $535,100