$339,000
OPEN SUN 12PM - 2PM

Sterchi's Lofts 116 S Gay St Unit 706 Knoxville, TN 37902

Old City Neighborhood

Estimated payment $2,187/month

Total Views 14,542
1 Bed
1 Bath
600 Sq Ft
$565 Price per Sq Ft

Highlights

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

About This Home

Experience modern urban living in this beautifully updated 1-bedroom, 1-bath condo at Sterchi Lofts. Situated on the 7th floor, this bright, airy unit offers a Southern exposure looking down the center of the city. Watch parades, Christmas lights, and downtown festivals like the Rossini Festival right from your living room. Enjoy your morning coffee looking out at the Smokies in the horizon. Originally the headquarters of Sterchi Brothers Furniture—the largest wholesale furniture distributor in the Southeast—this historic building was transformed into loft-style residences in 2002 and underwent further upgrades from 2016 to 2022. During the renovation, this unit was updated with: · Energy-efficient appliances · Quartz countertops & deep stainless steel sink · Commercial-grade kitchen faucet · Designer light fixtures · Updated HVAC system · Modern plumbing fixtures · Luxurious Roca (Spanish) tile in the shower. With tall ceilings, expansive windows, and an open-concept design, this condo perfectly blends historic charm with contemporary style. Residents of Sterchi Lofts also enjoy premium amenities, including a 24-hour fitness center, additional rentable storage, and a rooftop patio with stunning views of the Knoxville skyline and the Great Smoky Mountains. Knoxville was recently ranked among the most desirable cities to live in by U.S. News & World Report in 2024, and downtown continues to thrive. With the new baseball stadium now open and the upcoming Neyland Entertainment District transforming the riverfront, now is the perfect time to invest in this vibrant community. Walk to award winning restaurants, the Farmers' Market, several gyms, coffee shops, and shows at the Tennessee and Bijou Theaters. Drop by the art galleries and local bookstore down the block or bike to the University of Tennessee and IJAMS Nature Center. 📍 Don't miss this rare opportunity—schedule your showing today! Unit is not occupied and is easy to view *** Buyers to verify Sq ft, HOA, taxes

Listing Agent

Joe Consumo

Terminus Real Estate, Inc. License #277021 Listed on: 07/03/2025

Open House Schedule

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,860

Year Built

  • Built in 1920

Lot Details

  • 436 Sq Ft Lot
  • Historic Home

HOA Fees

  • $154 Monthly HOA Fees

Property Views

  • Mountain

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Metal Siding
  • Steel Beams

Interior Spaces

  • 600 Sq Ft Home
  • Aluminum Window Frames
  • Open Floorplan
  • Fire and Smoke Detector
  • Washer and Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • <<selfCleaningOvenToken>>
  • Range<<rangeHoodToken>>
  • <<microwave>>
  • Dishwasher
  • Disposal

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 094EG04302T

Community Details

Overview

  • Association fees include pest contract, fire protection, building exterior, association insurance, trash, some amenities, grounds maintenance
  • Sterchi Lofts Condos Unit 706 Subdivision
  • Mandatory home owners association
  • On-Site Maintenance

Amenities

  • Community Storage Space
  • Elevator

Recreation

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,860

Year Built

Built in 1920

Lot Details

0

HOA Fees

$154 per month

Listing Details

  • Directions: From the city center follow S Gay St to the 100 Block of the Historic Arts District and the Sterchi Lofts will be on your right.
  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Year Built: 1920
  • Lot Size Acres: 0.01
  • Subdivision Name: Sterchi Lofts Condos Unit 706
  • Architectural Style: Historic
  • Property Attached Yn: Yes
  • View:Mountain View: Yes
  • General Property Description:Fireplace: No
  • General Property Description:SqFt - Main Lvl: 600.0
  • 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
  • Misc Features:Internet Available: 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
  • AtchdDtchd Type:Attached: Yes
  • Misc Features:Elevator2: Yes
  • Siding:Metal3: Yes
  • Style:Historic: Yes
  • Location Tax Legal Info:Property Sub-Type: Condominium
  • Special Features: OpenHouse

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Range, Self Cleaning Oven
  • Basement YN: No
  • Has Basement: None
  • Fireplace: No
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace Features: None
  • Flooring: Other
  • Interior Amenities: Elevator, Eat-in Kitchen
  • Window Features: Windows - Aluminum
  • Appliances Dishwasher: Yes
  • Appliances Range: Yes
  • Appliances:Smoke Detector: Yes
  • Fireplace:None15: Yes
  • Appliances:Self Cleaning Oven: Yes
  • Basement:None14: Yes

Exterior Features

  • View: Mountain View, City
  • Lot Features: Other
  • Construction Type: Steel, Brick, Metal Siding, Block
  • Construction:Block2: Yes
  • Construction:Brick5: Yes
  • Construction:Steel: Yes
  • Exterior Features:Windows - Aluminum: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: On-Street Parking, Off-Street Parking, Other
  • GarageParking:Off-Street Parking: Yes
  • GarageParking:Other17: Yes
  • GarageParking:On-Street Parking: Yes

Utilities

  • Cooling: Central Cooling
  • Sewer: Public Sewer
  • Security: Smoke Detector
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks
  • Amenities: Elevator
  • Association Fee: 154.26
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • Community Amenities:Sidewalks: Yes
  • Community Amenities:Exercise Room: Yes
  • Community Amenities:Extra Storage4: Yes
  • Association Fee Incl:Trash: Yes
  • Association Fee Incl:Some Amenities: 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: Pest Contract, Fire Protection, Building Exterior, Association Ins, Trash, Some Amenities, Grounds Maintenance

Lot Info

  • Lot Size Sq Ft: 435.6
  • Parcel #: 094EG04302T

Tax Info

  • Tax Annual Amount: 1860.36

Map

About Sterchi's Lofts

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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 $2,021 $50,150 $0 $0
2023 $2,021 $50,150 $0 $0
2022 $2,021 $50,150 $0 $0
2021 $2,001 $40,825 $0 $0
2020 $1,871 $40,825 $0 $0
2019 $0 $0 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/03/2025 07/03/25 For Sale $339,000 +90.4% $565 / Sq Ft
04/15/2019 04/15/19 Sold $178,000 -- $294 / Sq Ft
Source: East Tennessee REALTORS® MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $299,000 None Listed On Document
Warranty Deed $622,000 Title Group Of Tennessee
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $232,050 Future Advance Clause Open End Mortgage
Source: Public Records

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See All Homes in Knoxville

Source: East Tennessee REALTORS® MLS

MLS Number: 1307094

East Tennessee REALTORS® MLS

APN: 094EG-04302T

Tennessee Knox County Knoxville 37902 Old City

116 S Gay St Unit 706, Knoxville, TN

This home is located at 116 S Gay St Unit 706, Knoxville, TN 37902 and is currently priced at $339,000, approximately $565 per square foot. This property was built in 1920. 116 S Gay St Unit 706 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.

Nearby Homes
Listing Agent
Joe Consumo
Section Image
Terminus Real Estate, Inc.
(865) 417-9074