Sterchi's Lofts 116 S Gay St Unit 501 Knoxville, TN 37902
Old City Neighborhood
1
Bed
1
Bath
600
Sq Ft
436
Sq Ft Lot
Highlights
- Fitness Center
- City View
- Zoned Heating and Cooling System
- Sequoyah Elementary School Rated A-
- Storage
- 2-minute walk to Cradle of Country Music Park
About This Home
As of March 2025Is downtown living calling your name? Look no further than Sterchi Lofts, the ultimate downtown Knoxville location. Nestled perfectly between the vibrant Old City and bustling Market Square, this prime spot puts you just steps away from incredible dining, entertainment, shopping, and cultural experiences. Unit 501 offers a stunning blend of industrial charm and modern design, featuring a desirable layout with clearly defined living and sleeping areas. Thoughtful touches include in-unit laundry for added convenience and ample storage, including an expanded closet space and extra pantry/storage space. Residents enjoy exclusive amenities such as a fully equipped fitness room to keep you active and a rooftop patio with sweeping city views - the perfect spot to unwind or entertain. This unit is ideal for downtown professionals and workers, University of Tennessee students and faculty, second-home seekers, or anyone ready to embrace the ultimate downtown lifestyle. BONUS: Sterchi Lofts is just a 5-minute walk to Knoxville's exciting new multi-use stadium, home to professional baseball, soccer, and year-round live entertainment events. Don't miss your chance to live your best life in the heart of the city. Schedule your private tour today!
Last Agent to Sell the Property
Realty Executives Associates License #338045 Listed on: 01/15/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,909
Year Built
- Built in 1920
Lot Details
- 436 Sq Ft Lot
- Historic Home
HOA Fees
- $157 Monthly HOA Fees
Home Design
- Brick Exterior Construction
- Block Foundation
- Masonry
Interior Spaces
- 600 Sq Ft Home
- Aluminum Window Frames
- Open Floorplan
- Storage
- Dryer
- Fire and Smoke Detector
Kitchen
- Self-Cleaning Oven
- Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Full Bathroom
Parking
- On-Street Parking
- Off-Street Parking
Utilities
- Zoned Heating and Cooling System
- Internet Available
Listing and Financial Details
- Assessor Parcel Number 094EG04301U
Community Details
Overview
- Association fees include pest contract, fire protection, building exterior, association insurance, trash, some amenities, grounds maintenance
- Sterchi Lofts Condos Unit 501 Subdivision
- Mandatory home owners association
- On-Site Maintenance
Recreation
Amenities
- Elevator
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: 1286882
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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