NOT LISTED FOR SALE

120 S Gay St Unit 201 Knoxville, TN 37902

Old City Neighborhood

Estimated Value: $582,681 - $800,000

2 Beds
1.5 Baths
1,737 Sq Ft
$375/Sq Ft Est. Value

Last Sold June 10, 2022

Last sale price $480,000 $276 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $4,013/month

56 Days on Market

Highlights

  • Wood Flooring
  • Screened Porch
  • Wood Frame Window
  • Sequoyah Elementary School Rated A-
  • Balcony
  • 2-minute walk to Cradle of Country Music Park

About This Home

As of June 2022

This beautiful one-of-a-kind UNFURNISHED condo is located in the Commerce Building on the historic 100 Block of Gay St. in the Downtown Arts District, only a short walk from Market Square's Farmers Markets and cultural events!

This ideal location puts you near Knoxville's best restaurants, bars, boutiques, art galleries, and theaters! The spacious apartment features 2 bedrooms, 1.5 bathrooms (with space for the1/2-bath to convert to full), custom kitchen overlooking a large living space, and a screened-in patio. This double unit takes up the entire floor, perfect for owners who value privacy. Even more unusual, from the light-filled lobby entrance, a keyed (and fully modern) elevator will deliver you directly into the apartment. No stairs unless you want the workout! Great details throughout include beautiful solid birch hardwood flooring, custom tile kitchen counters, dark wood cabinetry, and lots of exposed brick from the early 1900s. A wide brick-lined hallway beyond the kitchen makes for a beautiful gallery space to display art or books and leads to a convenient back entrance at street level--making bike storage or packing your car for trips a breeze. This is the urban loft environment you've been searching for!

On the practical side, the current owner has updated the electrical panel, water heater, and kitchen appliances and installed all new high quality HVAC in 2018. You'll have your own laundry room (w/d included), plus, the HOA welcomes pets! Parking spot at 305 Vine Ave. is leased out and buyer can take over payments.

This beautiful loft is a home for both entertaining and spending relaxing evenings at home! Don't miss out--schedule your showing today! ***Buyer to verify square footage***

Last Agent to Sell the Property

Joe Consumo

Terminus Real Estate, Inc. License #277021 Listed on: 03/25/2022

Last Buyer's Agent

Grace Breckinridge

BHHS Dean-Smith Realty License #353582

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,629

Year Built

  • Built in 1900

Lot Details

  • 566

HOA Fees

  • $345 Monthly HOA Fees

Parking

  • Off-Street Parking

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,737 Sq Ft Home
  • Wood Frame Window
  • Screened Porch
  • Wood Flooring

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms

Additional Features

  • Balcony
  • Historic Home
  • Central Heating and Cooling System

Community Details

  • Association fees include building exterior, association insurance, sewer, water
  • Commerce Condo Bldg Subdivision

Listing and Financial Details

  • Assessor Parcel Number 094EG04200C

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,629

Year Built

Built in 1900

Lot Details

0

HOA Fees

$345 per month

Listing Details

  • Directions: I-40 to James White Parkway and take the Summit Hill exit, take a right onto Summit Hill then turn Right onto S Gay St. The Commerce Condos are on the Right in the 100 Block or Art District section of South Gay Street. Metered Parking Available at OP Jenkins Furniture.
  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Year Built: 1900
  • Subdivision Name: Commerce Condo Bldg
  • Architectural Style: Historic
  • Property Attached Yn: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Microwave
  • Has Basement: None
  • Fireplace: No
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Flooring: Hardwood
  • ResoLivingAreaSource: Owner

Exterior Features

  • Exterior Features: Windows - Wood, Porch - Screened, Balcony
  • Construction Type: Brick

Garage/Parking

  • Attached Garage: No
  • Parking Features: Other, Off-Street Parking

Utilities

  • Cooling: Central Cooling
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 344.6
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Association Fee Includes: Building Exterior, Association Ins, Sewer, Water

Lot Info

  • Parcel #: 094EG04200C

Tax Info

  • Tax Annual Amount: 1629.19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2022
Closed on
Jun 1, 2022
Sold by
Shannon Kuleto
Bought by
Bowlin Kristi
Seller's Agent
Joe Consumo
Terminus Real Estate, Inc.
Buyer's Agent
Grace Breckinridge
BHHS Dean-Smith Realty
List Price
$575,000
Sold Price
$480,000
Premium/Discount to List
-$95,000
-16.52%
Current Estimated Value
$650,670

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$170,670
Avg. Annual Appreciation
9.84%

Purchase Details

Listed on
Jun 26, 2016
Closed on
Jul 15, 2016
Sold by
Hutson Erik W
Bought by
Kuleto Shannon
List Price
$250,000
Sold Price
$250,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.67%

Purchase Details

Closed on
Apr 15, 2004
Sold by
Gwyn Carroll S and Gwyn Rose F
Bought by
Hutson Erik W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
5.54%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 21, 1995
Sold by
Commerce Group The
Bought by
Gwyn Carroll S
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Bowlin Kristi $480,000 Admiral Title
Kuleto Shannon $250,000 Concord Title
Hutson Erik W $76,000 Acquire Title Inc
Gwyn Carroll S $15,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hutson Erik W $28,650
Previous Owner Hutson Erik W $187,000
Previous Owner Hutson Erik W $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2022 06/10/22 Sold $480,000 -3.0% $276 / Sq Ft
05/20/2022 05/20/22 Price Changed $495,000 -13.9% $285 / Sq Ft
03/25/2022 03/25/22 For Sale $575,000 +130.0% $331 / Sq Ft
07/15/2016 07/15/16 Sold $250,000 0.0% $158 / Sq Ft
06/26/2016 06/26/16 Pending -- -- --
06/26/2016 06/26/16 For Sale $250,000 -- $158 / Sq Ft
Source: East Tennessee REALTORS® MLS

Tax History Compared to Growth

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 $1,799 $72,675 $0 $0
2023 $2,928 $72,675 $0 $0
2022 $2,928 $72,675 $0 $0
2021 $3,243 $66,125 $0 $0
2020 $3,031 $66,125 $0 $0
2019 $3,031 $66,125 $0 $0
2018 $3,031 $66,125 $0 $0
2017 $3,031 $66,125 $0 $0
2016 $2,842 $0 $0 $0
2015 $2,842 $0 $0 $0
2014 $3,022 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1185120

East Tennessee REALTORS® MLS

APN: 094EG-04200C