Sterchi's Lofts 116 S Gay St Unit 706 Knoxville, TN 37902
Old City NeighborhoodEstimated payment $2,153/month
Total Views
18,219
1
Bed
1
Bath
580
Sq Ft
$584
Price per Sq Ft
Highlights
- Fitness Center
- City View
- Storage
- 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 a new baseball stadium set to open in 2025 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
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
- Steel Beams
Interior Spaces
- 580 Sq Ft Home
- Wired For Data
- Aluminum Window Frames
- Open Floorplan
- Storage
- Washer and Dryer Hookup
- Fire and Smoke Detector
Kitchen
- Eat-In Kitchen
- Self-Cleaning Oven
- Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Full Bathroom
Parking
- On-Street Parking
- Off-Street Parking
Utilities
- Central 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
Map
About Sterchi's Lofts
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 08/01/2025 08/01/25 | For Sale | $339,000 | +90.4% | $584 / 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
Similar Homes in Knoxville, TN
Source: East Tennessee REALTORS® MLS
MLS Number: 1310509
APN: 094EG-04302T
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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