$465,000

Sterchi's Lofts 116 S Gay St Unit 708 Knoxville, TN 37902

Old City Neighborhood

Estimated payment $2,989/month

Total Views 3,830
2 Beds
1 Bath
990 Sq Ft
$470 Price per Sq Ft

Highlights

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

About This Home

One of the best values downtown! Welcome to urban living at its finest in this industrial style minimalistic 2-bedroom, 1-bath condo located in the heart of Downtown Knoxville. Nestled in the historic Sterchi Lofts, this home puts you within walking distance of the Tennessee Theatre, Market Square, the Old City, and the exciting new Smokies baseball stadium. You're also just minutes from the University of Tennessee campus and the vibrant South Knoxville riverfront. The unit is wired for AT&T fiber optic, ideal for remote work or streaming. Residents enjoy access to the on-site fitness center and a rooftop deck offering stunning views of the Knoxville skyline, the Great Smoky Mountains, and the new baseball stadium. Enjoy the ultimate downtown lifestyle with Knoxville's best restaurants, bars, and entertainment right outside your door. Outdoor lovers will appreciate being near over 30 miles of greenways, boating and kayaking at Volunteer Landing, as well as the trails, boardwalks, and quarry at Ijams Nature Center. Don't miss this opportunity to own to join the thriving downtown community and enjoy all the perks city life has to offer. *Additional storage units are available to rent in the building for added convenience. Buyers to verify square footage.

Listing Agent

Joe Consumo

Terminus Real Estate, Inc. License #277021 Listed on: 08/01/2025

Co-Listing Agent

Gabi Stephens

Terminus Real Estate, Inc. License #365385

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,834

Year Built

  • Built in 1920

Lot Details

  • 871 Sq Ft Lot
  • Historic Home

HOA Fees

  • $239 Monthly HOA Fees

Property Views

  • Mountain

Home Design

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

Interior Spaces

  • 990 Sq Ft Home
  • Wired For Data
  • Aluminum Window Frames
  • Open Floorplan
  • Fire and Smoke Detector
  • Washer and Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 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 094EG04302V

Community Details

Overview

  • Association fees include pest contract, fire protection, building exterior, association insurance, trash, some amenities, grounds maintenance
  • Sterchi Lofts Condos Unit 708 Subdivision
  • Mandatory home owners association
  • On-Site Maintenance

Amenities

  • Community Storage Space
  • Elevator

Recreation

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,834

Year Built

Built in 1920

Lot Details

0

HOA Fees

$239 per month

Listing Details

  • Directions: Located on the 100 block of the Historic Arts District at the intersection of Gay St and Summit Hill Dr.
  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Year Built: 1920
  • Lot Size Acres: 0.02
  • Co List Office Mls Id: 1625
  • Co List Office Phone: 865-673-6300
  • Subdivision Name: Sterchi Lofts Condos Unit 708
  • Architectural Style: Historic
  • Property Attached Yn: Yes
  • View:Mountain View: Yes
  • General Property Description:Fireplace: No
  • General Property Description:SqFt - Main Lvl: 990.0
  • 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
  • Misc Features:Wired for Internet: 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: None

Interior Features

  • Appliances: Dishwasher, Microwave, Range, Self Cleaning Oven
  • Basement YN: No
  • Has Basement: None
  • Fireplace: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • 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: 239.0
  • 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: 871.2
  • Parcel #: 094EG04302V

Tax Info

  • Tax Annual Amount: 2834.14

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 $1,891 $76,400 $0 $0
2023 $3,078 $76,400 $0 $0
2022 $1,187 $76,400 $0 $0
2021 $3,289 $67,075 $0 $0
2020 $3,075 $67,075 $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 $465,000 +52.5% $470 / Sq Ft
11/26/2019 11/26/19 Sold $305,000 -- $311 / Sq Ft
Source: East Tennessee REALTORS® MLS

Source: East Tennessee REALTORS® MLS

MLS Number: 1310638

East Tennessee REALTORS® MLS

APN: 094EG-04302V

Tennessee Knox County Knoxville 37902 Old City

116 S Gay St Unit 708, Knoxville, TN

This home is located at 116 S Gay St Unit 708, Knoxville, TN 37902 and is currently priced at $465,000, approximately $469 per square foot. This property was built in 1920. 116 S Gay St Unit 708 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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Listing Agent
Joe Consumo
Section Image
Terminus Real Estate, Inc.
(865) 391-6687