Sterchi's Lofts 116 S Gay St Unit 501 Knoxville, TN 37902
Old City Neighborhood
1
Bed
1
Bath
605
Sq Ft
605
Sq Ft Lot
Highlights
- Mountain View
- Zoned Heating and Cooling System
- 2-minute walk to Cradle of Country Music Park
- Sequoyah Elementary School Rated A-
- Historic Home
About This Home
As of March 2025The Sterchi Building located at 116 S Gay Street was originally the home of Sterchi Brothers Furniture headquarters, it also served as the largest Wholesale furniture center in the Southeast for decades. In 2002 the building was renovated into 100 modern, loft apartments ranging from studio to four-bedroom units.
The conversion consists of several significant upgrades including:
- new energy efficient ''Samsung'' appliances
- modern ''Carrier'' HVAC units
-designer-quality light fixtures
-quartz countertops, deep stainless steel sinks, commercial grade kitchen faucets,
-Delta plumbing fixtures, Roca (Spanish) tile in the showers and tub surrounds,
-redesigned fitness center with Peloton, Nordic Track, Max Trainer and other high-end gym equipment The recent renovation and reopening of the 10th-story rooftop deck may be the best of all as residents have access to a private deck with panoramic views of Knoxville and the Great Smoky Mountains!
Optional in building storage and off-street parking available.
You'll have no shortage of options when you want to get out on the town as Sterchi Lofts is just steps away from numerous entertainment venues, restaurants, bars, coffee shops, boutiques, galleries, and more!
For additional availability check out sterchiloftsforsale.com
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,274
Year Built
- Built in 1920
Lot Details
- 605 Sq Ft Lot
- Historic Home
HOA Fees
- $136 Monthly HOA Fees
Parking
- Off-Street Parking
Home Design
- Brick Exterior Construction
Interior Spaces
- 605 Sq Ft Home
- Aluminum Window Frames
- Mountain Views
- Fire and Smoke Detector
Kitchen
- Self-Cleaning Oven
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Full Bathroom
Utilities
- Zoned Heating and Cooling System
Community Details
- Association fees include fire protection, building exterior, association insurance, trash, some amenities, grounds maintenance, pest contract
- Sterchi Lofts Condominiums Subdivision
Listing and Financial Details
- Assessor Parcel Number 094eg04301u
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 15, 2025
Closed on
Mar 4, 2025
Sold by
Faircloth Edward Cameron
Bought by
Law Holdings Llc
Seller's Agent
Michael Shotwell
Realty Executives Associates
Buyer's Agent
Angela Worsham
Wallace
List Price
$339,900
Sold Price
$319,000
Premium/Discount to List
-$20,900
-6.15%
Views
32
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.99%
Purchase Details
Listed on
May 12, 2020
Closed on
Oct 16, 2020
Sold by
Sterchi Lofts Lp
Bought by
Faircloth Edward Cameron
Seller's Agent
L A Burch
Terminus Real Estate, Inc.
Buyer's Agent
L A Burch
Terminus Real Estate, Inc.
Sold Price
$217,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.20%
Similar Homes in Knoxville, TN
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The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $319,000 | Melrose Title | |
| Special Warranty Deed | $217,000 | Tennessee Valley Ttl Ins Co |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/05/2025 07/05/25 | For Rent | $1,800 | 0.0% | -- |
| 03/04/2025 03/04/25 | Sold | $319,000 | -6.1% | $532 / Sq Ft |
| 02/23/2025 02/23/25 | Pending | -- | -- | -- |
| 01/14/2025 01/14/25 | For Sale | $339,900 | +56.6% | $567 / Sq Ft |
| 10/16/2020 10/16/20 | Sold | $217,000 | -- | $359 / Sq Ft |
Source: East Tennessee REALTORS® MLS
Tax History Compared to Growth
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 | $1,274 | $51,450 | $0 | $0 |
| 2023 | $1,274 | $51,450 | $0 | $0 |
| 2022 | $2,074 | $51,450 | $0 | $0 |
| 2021 | $2,065 | $42,100 | $0 | $0 |
| 2020 | $684 | $14,925 | $0 | $0 |
| 2019 | $0 | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Mike Yarbrough
Seller's Agent in 2025
Mike Yarbrough
Asset Realty Management, Inc.
(865) 393-6447
26 Total Sales
-
Michael Shotwell
Seller's Agent in 2025
Michael Shotwell
Realty Executives Associates
(865) 544-8845
1 in this area
97 Total Sales
-
Wesley Shotwell
Seller Co-Listing Agent in 2025
Wesley Shotwell
Realty Executives Associates
(865) 621-4796
1 in this area
131 Total Sales
-
Angela Worsham
Buyer's Agent in 2025
Angela Worsham
Wallace
(865) 440-9515
1 in this area
30 Total Sales
-
L A Burch
L
Seller's Agent in 2020
L A Burch
Terminus Real Estate, Inc.
31 in this area
32 Total Sales
About Sterchi's Lofts
Map
Source: East Tennessee REALTORS® MLS
MLS Number: 1116624
APN: 094EG-04301U
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.
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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