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Sold for $535,000
  • $535,000

    116 S Gay St #M103, Knoxville, TN 37902

    2beds
    1,130sqft
    Condominium
    Built in 1920
    -- sqft lot
    $542,600 Zestimate®
    $473/sqft
    $2,688 Estimated rent

    Home value

    $542,600

    Estimated sales range

    Not available

    $2,688/mo

    Zestimate® history
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    What's special

    Book and curio shelvesHigh-end induction rangeBlackout shadesBuilt-in deskIndustrial minimalistic styleCoat armoireBuilt-in wine fridge
    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. The Seller has added their own unique upgrades to the condo such as installing luxury vinyl plank flooring, adding a bank of cabinets to the kitchen for additional storage, installed a built-in wine fridge, upgraded to a high-end induction range in the kitchen, upgraded tiling added in the bathroom, closet curtains and blackout shades installed in the oversized living room windows. Other additions that will stay with the unit are the coat armoire near the entryway, the attached book and curio shelves in the 2nd bedroom and the built-in desk in the 2nd bedroom. The remainder of furniture except for personal items, art, and electronics are negotiable at sale. Don't miss this opportunity to become part of the downtown community as Knoxville continues to grow! .

    Zillow last checked:

    Listing updated:

    Listed by:

    Joe Consumo 865-386-3406,

    Terminus Real Estate, Inc.

    Bought with:

    Anne Swanson, 374150

    ReMax Preferred Properties, In

    Source: East Tennessee Realtors,MLS#: 1288593MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Central, Electric
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Disposal, Microwave, Range, Self Cleaning Oven
    Features
    • Kitchen Island, Elevator, Eat-in Kitchen
    • Flooring: Vinyl
    • 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: 094EG04300G

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: Other
    • 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 M103
    HOA
    • Has HOA: Yes
    • Services included: Pest Control, Fire Protection, Maintenance Structure, Insurance, Trash, Some Amenities, Maintenance Grounds
    • HOA fee: $287 monthly
    Location
    • Region: Knoxville

    Financial & listing details

    • Price per square foot: $473/sqft
    • Tax assessed value: $419,900
    • Annual tax amount: $1,631
    • Date on market: 2/1/2025
    • Listing terms: Alternative,Cash,Conventional

    Price history

    DateEventPrice
    3/7/2025Sold$535,000-4.3%$473/sqft
    Source: East Tennessee Realtors #1288593 Report a problem
    2/7/2025Pending sale$559,000$495/sqft
    Source: East Tennessee Realtors #1288593 Report a problem
    2/1/2025Listed for sale$559,000+73.6%$495/sqft
    Source: East Tennessee Realtors #1288593 Report a problem
    3/5/2021Sold$322,050-11.8%$285/sqft
    Source: East Tennessee Realtors #1116578 Report a problem
    1/25/2021Pending sale$364,990$323/sqft
    Source: East Tennessee Realtors #1116578 Report a problem
    1/4/2021Listed for sale$364,990$323/sqft
    Source: East Tennessee Realtors #1116578 Report a problem

    Public tax history

    YearProperty taxesTax 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 +171.8%$76,025 -32%
    2020$593 $111,800
    2019-- --
    Find assessor info on the county website

    Neighborhood: Old City

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $542,600
    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
    $542,600