NOT LISTED FOR SALE

Sterchi's Lofts 116 S Gay St Unit 1006 Knoxville, TN 37902

Old City Neighborhood

Estimated Value: $319,000 - $384,000

1 Bed
1 Bath
605 Sq Ft
$591/Sq Ft Est. Value

Last Sold October 11, 2023

Last sale price $372,500 $616 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $2,197/month

2 Days on Market

Highlights

  • Fitness Center
  • City View
  • Zoned Heating and Cooling System
  • Sequoyah Elementary School Rated A-
  • Elevator
  • 2-minute walk to Cradle of Country Music Park

About This Home

As of October 2023

This is a prime 1 bedroom 1 bath unit located on the 10th floor, penthouse level of the Sterchi Lofts building. The Condo is located in the heart of Downtown Knoxville, conveniently located within walking distance to the city center, Market Square, the Old City and the future location of the new baseball stadium. It is also just a few minutes' drive to the University of Tennessee campus! The building features a rooftop deck with views of both the city skyline and the Great Smokey Mountains as well as a full gym. Walk to all the best restaurants, lounges and entertainment venues that Knoxville has to offer. Bike the 30+ miles of greenway located near Volunteer Landing as well as walk and hike around the nearby Ijams Nature Center. This is a great opportunity to own a wonderful downtown property. The condo is currently rented out and the tenants lease expires in December. The lease would transfer over to the new owner. *Pictures provided are from prior to the tenant moving in. *Buyers to verify sq ft.*Showing requests require a minimum 24 hours notice.

Last Agent to Sell the Property

Joe Consumo

Terminus Real Estate, Inc. License #277021 Listed on: 09/08/2023

Last Buyer's Agent

Tiffany Dorn

Realty Executives Associates License #320698

Realty Executives Associates

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $401

Year Built

  • Built in 1920

Lot Details

  • 1,307 Sq Ft Lot
  • Historic Home

HOA Fees

  • $148 Monthly HOA Fees

Parking

  • Off-Street Parking

Property Views

  • Mountain

Home Design

  • Brick Exterior Construction
  • Metal Siding
  • Masonry

Interior Spaces

  • 605 Sq Ft Home
  • Wired For Data
  • Aluminum Window Frames
  • Open Floorplan
  • Washer and Dryer Hookup

Kitchen

  • Self-Cleaning Oven
  • Microwave

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Utilities

  • Zoned Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 094EG04303Z

Community Details

Overview

  • Association fees include fire protection, building exterior, association insurance, trash, grounds maintenance, pest contract
  • Sterchi Lofts Condominiums Subdivision
  • Mandatory home owners association
  • On-Site Maintenance

Amenities

  • Elevator

Recreation

Home Details

Home Type

Single Family

Est. Annual Taxes

$401

Year Built

Built in 1920

Lot Details

0

HOA Fees

$148 per month

Listing Details

  • Directions: Located in the Sterchi Lofts on the beautiful historic 100 Block of Gay Street between Summit Hill and Jackson Ave.
  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Year Built: 1920
  • Lot Size Acres: 0.03
  • Subdivision Name: Sterchi Lofts Condominiums
  • Architectural Style: Historic
  • Property Attached Yn: Yes
  • View:Mountain View: Yes
  • General Property Description:Fireplace: No
  • General Property Description:SqFt - Main Lvl: 605.0
  • General Property Description:HOA: Mandatory
  • General Property Description:Basement: No
  • General Property Description:Bonus Room: No
  • Cooling:Central Cooling: Yes
  • Fuel:Electric: Yes
  • Heat:Central: Yes
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Misc Features:WasherDryer Connect: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public: Yes
  • Dining Area:KitchenDining Rm Co: Yes
  • Dining Area:Living RmDining Rm: Yes
  • Siding:Brick2: Yes
  • Misc Features:Wired for Internet: Yes
  • AtchdDtchd Type:Attached: Yes
  • Siding:Metal3: Yes
  • Style:Historic: Yes
  • Special Features: None

Interior Features

  • Appliances: Self Cleaning Oven, Refrigerator, Microwave
  • Has Basement: None
  • Fireplace: No
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace Features: Other, None
  • ResoLivingAreaSource: Owner
  • Appliances Range: Yes
  • Fireplace:None15: Yes
  • Appliances:Self Cleaning Oven: Yes
  • Basement:None14: Yes

Exterior Features

  • Exterior Features: Windows - Aluminum
  • View: Mountain View, City
  • Construction Type: Brick, Metal Siding
  • Construction:Brick5: Yes
  • Construction:Masonry: Yes
  • Exterior Features:Windows - Aluminum: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Other, Off-Street Parking
  • GarageParking:Off-Street Parking: Yes

Utilities

  • Cooling: Central Cooling
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Sidewalks
  • Amenities: Elevator(s)
  • Association Fee: 148.33
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • Community Amenities:Sidewalks: Yes
  • Community Amenities:Exercise Room: Yes
  • Association Fee Incl:Trash: Yes
  • Association Fee Incl:Association Ins: Yes
  • Association Fee Incl:Grounds Maintenance: Yes
  • Association Fee Incl:Building Exterior: Yes
  • Community Amenities:Elevator: Yes
  • Association Fee Incl:Fire Protection: Yes
  • Association Fee Incl:Pest Contract: Yes

Fee Information

  • Association Fee Includes: Fire Protection, Building Exterior, Association Ins, Trash, Grounds Maintenance, Pest Contract

Lot Info

  • Lot Size Sq Ft: 1306.8
  • Parcel #: 094EG04303Z
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 401.48

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2023
Closed on
Oct 11, 2023
Sold by
Burch Leigh A
Bought by
Farsi Arash and Khojandi Anahita
Seller's Agent
Joe Consumo
Terminus Real Estate, Inc.
Buyer's Agent
Tiffany Dorn
Realty Executives Associates
List Price
$380,000
Sold Price
$372,500
Premium/Discount to List
-$7,500
-1.97%
Views
24
Current Estimated Value
$357,672

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$14,828
Avg. Annual Appreciation
-2.13%
Original Mortgage
$279,000
Interest Rate
7.18%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 7, 2021
Sold by
Sterchi Lofts Lp
Bought by
Burch Leigh A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,550
Interest Rate
2.98%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Farsi Arash $372,500 Concord Title
Burch Leigh A $183,000 Tennessee Valley Ttl Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Farsi Arash $213,000
Closed Farsi Arash $279,000
Previous Owner Burch Leigh A $155,550
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/11/2023 10/11/23 Sold $372,500 -2.0% $616 / Sq Ft
09/11/2023 09/11/23 Pending -- -- --
09/08/2023 09/08/23 For Sale $380,000 -- $628 / Sq Ft
Source: East Tennessee REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,242 $50,150 $0 $0
2023 $1,242 $50,150 $0 $0
2022 $750 $18,625 $0 $0
2021 $708 $14,450 $0 $0
2020 $662 $14,450 $0 $0
2019 $0 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    Joe Consumo

    Terminus Real Estate, Inc.

    (865) 386-3406

    18 in this area

    33 Total Sales

    Joe Consumo
    Section Image
  • Tiffany Dorn

    Buyer's Agent in 2023

    Tiffany Dorn

    Realty Executives Associates

    (865) 456-1037

    2 in this area

    96 Total Sales

    Tiffany Dorn
    Section Image
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About Sterchi's Lofts

Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1239103

East Tennessee REALTORS® MLS

APN: 094EG-04303Z

Tennessee Knox County Knoxville 37902 Old City

116 S Gay St Unit 1006, Knoxville, TN

This home is located at 116 S Gay St Unit 1006, Knoxville, TN 37902 since 08 September 2023 and is currently estimated at $357,672, approximately $591 per square foot. This property was built in 1920. 116 S Gay St Unit 1006 is a home located in Knox County with nearby schools including Sequoyah Elementary School, Vine Middle/Magnet, and Austin-East High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

East Tennessee REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Listing Information presented by local MLS brokerage: Ten-X, LLC dba Homes.com, local broker - Arlene Richardson - 888-952-6393.

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