Own a piece of history. Built in 1920 this 10-story building was home to Sterchi Brothers Furniture which at one point boasted to be the largest Furniture Store Chain in the World. Sterchi Brothers was also the first Knoxville based business to be traded on the New York Stock Exchange in 1946. In the spirit of the original business, the building was eventually converted into 100 industrial minimalistic style residential spaces and is now known as Sterchi Lofts. Conveniently located within walking distance to the heart of Downtown Knoxville, the historic Old City, and the University of Tennessee, Sterchi Lofts offers easy access to award winning restaurants, entertainment, sports, and a host of other attractions that make Knoxville one of the best cities in the country to live. Don't miss this opportunity to become part of the downtown community as Knoxville continues to grow!
Sold for $530,000
$530,000
116 S Gay St APT M102, Knoxville, TN 37902
2beds
1,130sqft
Condominium
Built in 1920
-- sqft lot
$538,700 Zestimate®
$469/sqft
$2,740 Estimated rent
Home value
$538,700
$501,000 - $582,000
$2,740/mo
Zestimate® history
Owner options
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$2,740/mo
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$2,740/mo
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$3,353/mo
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$3,353/mo
Est. payment
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List your homeWhat's special
Industrial minimalistic style
Zillow last checked:
Listing updated:
Listed by:
Joe Consumo 865-386-3406,
Terminus Real Estate, Inc.
Bought with:
Julia Hurley, 329708
Just Homes Group
Source: East Tennessee Realtors,MLS#: 1286566
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Central, Electric
Cooling
- Central Air
Appliances
- Included: Dishwasher, 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: 1,130
- Total interior livable area: 1,130 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: 1,306 Square Feet
- Features: Other
Details
- Parcel number: 094EG04300F
Construction
Type & style
- Home type: Condo
- Architectural style: Historic
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Steel, Other, Brick, Metal Siding
Condition
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Sidewalks
- Subdivision: Sterchi Lofts Condos Unit M102
HOA
- Has HOA: Yes
- Services included: Pest Control, Fire Protection, Maintenance Structure, Insurance, Trash, Some Amenities, Maintenance Grounds
- HOA fee: $275 monthly
Location
- Region: Knoxville
Financial & listing details
- Price per square foot: $469/sqft
- Tax assessed value: $419,900
- Annual tax amount: $1,631
- Date on market: 1/15/2025
- Listing terms: Alternative,New Loan,Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 1/28/2025 | Sold | $530,000-3.6%$469/sqft |
Source:  East Tennessee Realtors #1286566 Report a problem | ||
| 1/15/2025 | Pending sale | $550,000$487/sqft |
Source: East Tennessee Realtors #1286566 Report a problem | ||
| 1/10/2025 | Listed for sale | $550,000$487/sqft |
Source: East Tennessee Realtors #1286566 Report a problem | ||
| 11/28/2024 | Listing removed | $550,000$487/sqft |
Source: East Tennessee Realtors #1270243 Report a problem | ||
| 9/2/2024 | Price change | $550,000-4.3%$487/sqft |
Source: East Tennessee Realtors #1270243 Report a problem | ||
| 7/19/2024 | Listed for sale | $575,000+67.6%$509/sqft |
Source: East Tennessee Realtors #1270243 Report a problem | ||
| 2/18/2021 | Listing removed | -- |
Source: East Tennessee Realtors #1130863 Report a problem | ||
| 1/4/2021 | Listed for sale | $343,000+18.3%$304/sqft |
Source: East Tennessee Realtors #1130863 Report a problem | ||
| 8/12/2019 | Sold | $290,000$257/sqft |
Source: East Tennessee Realtors #1090296 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,631 | $104,975 |
| 2024 | $1,631 | $104,975 |
| 2023 | $1,631 | $104,975 |
| 2022 | $1,631 +1.2% | $104,975 +38.1% |
| 2021 | $1,612 | $76,025 -75% |
| 2020 | $1,612 | $304,100 |
| 2019 | -- | -- |
Find assessor info on the county website
Neighborhood: Old City
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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
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Estimated market value
$538,700
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
$538,700
- Tennessee
- Knox County
- Knoxville
- 37902
- Old City
- 116 S Gay St Apartment M102
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