116 South Gay Street, Unit 501

Knoxville, TN 37902

$350,000
Price
1
Beds
1
Bath
600 Sq. Ft.
$583 / Sq. Ft.
600
Sq. Ft.
$583
per Sq. Ft.
Sterchi Lofts1
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Description

Discover the perfect blend of style and convenience with this stunning 1 bedroom, 1 bath industrial minimalistic condominium located in the vibrant heart of downtown Knoxville. This sleek and modern unit is designed for those who appreciate clean lines, open spaces, and urban sophistication. Nestled in the center of Downtown Knoxville, you're just steps away from the city's best restaurants, nightlife, and entertainment venues. Enjoy effortless access to a dynamic array of dining and cultural experiences...Discover the perfect blend of style and convenience with this stunning 1 bedroom, 1 bath industrial minimalistic condominium located in the vibrant heart of downtown Knoxville. This sleek and modern unit is designed for those who appreciate clean lines, open spaces, and urban sophistication. Nestled in the center of Downtown Knoxville, you're just steps away from the city's best restaurants, nightlife, and entertainment venues. Enjoy effortless access to a dynamic array of dining and cultural experiences right at your doorstep. Conveniently located to the University of Tennessee, this property is ideal for students or university staff, making it a perfect residence for academic professionals or those who want to be near campus. With the new baseball stadium currently under construction, you'll be among the first to enjoy exciting games, concerts and other events within just a short walk from the property. Within just a few minutes' drive, explore the developing South Knoxville waterfront area which offers a new array of recreational and dining options for those seeking adventure close to home. Don't miss this opportunity to own a prime location in the heart of downtown.
  1. Listed by Joe Consumo • Terminus Real Estate, Inc.

Property Details for 116 South Gay Street, Unit 501

Architectural Style
Historic
Sub division Name
Sterchi Lofts Condos Unit 501
View
Mountain View, City
Style Historic
True
LISTING UPDATED: 10/04/2024 12:03 PM

Property Details for 116 South Gay Street, Unit 501

StatusActive
MLS #1275386
Days on Market62
Taxes$1,909 / year
HOA Fees$148 / month
Condo/Co-op Fees-
Compass TypeCondo
MLS TypeSingle Family / Condominium
Year Built1920
CountyKnox County

Building Information for 116 South Gay Street, Unit 501

Building/Complex116 S Gay StFloor5Stories-Residences-Pet Policy-Year Built1920

Property Information for 116 South Gay Street, Unit 501

Summary
Location and General Information
  • City: Knoxville
  • County Or Parish: Knox County - 1
  • Directions: Located on the historic 100 block of the Arts District downtown. Near the intersection of South Gay Street and Summit Hill.
  • Latitude: 35.968495
  • Longitude: -83.919987
  • MLS Area Major: Knox County - 1
  • MLS Area Minor: Knox County - 1
  • Postal Code: 37902
  • State Or Province: TN
  • Unit Number: 501
  • View City: True
  • View Mountain View: True
  • Location Tax Legal Info Unit Number: 501
  • Location Tax Legal Info Area: Knox County - 1
  • Remarks Misc Directions: Located on the historic 100 block of the Arts District downtown. Near the intersection of South Gay Street and Summit Hill.
Parking
  • Attached Garage: No
  • Parking Features: On-Street Parking, Other, Off-Street Parking
  • Atchd Dtchd Type Attached: True
  • Garage Parking Off-Street Parking: True
  • Garage Parking On-Street Parking: True
  • Garage Parking Other: True
Taxes and HOA Information
  • Association Fee: 148.33
  • Association Fee Includes: Fire Protection, Building Exterior, Association Ins, Trash, Some Amenities, Grounds Maintenance, Pest Contract
  • Association: true
  • Association Fee Frequency: Monthly
  • Parcel Number: 094EG04301U
  • Association Fee Incl Association Ins: True
  • Association Fee Incl Building Exterior: True
  • Association Fee Incl Fire Protection: True
  • Association Fee Incl Grounds Maintenance: True
  • Association Fee Incl Pest Contract: True
  • Association Fee Incl Some Amenities: True
  • Association Fee Incl Trash: True
  • Location Tax Legal Info Total Tax: 1908.59
  • General Property Description HOA Fee: 148.33
  • General Property Description HOA Freq: Monthly
  • General Property Description HOA Contact: Sterchi Lofts HOA 865-383-1117
  • General Property Description HOA: Mandatory
Virtual Tour
  • Virtual Tours Count: 0
Property
Lot Information
  • Lot Size Area: 0.01
  • Lot Size Units: Acres
  • Lot Size Square Feet: 435.6
  • Year Built: 1920
  • Building Area Total: 600.0
  • Living Area Source: Tax Records
  • Lot Size Acres: 0.01
  • Lot Size Source: Tax Records
  • General Property Description SqFt - Main Lvl: 600.0
  • General Property Description SqFt - Down Lvl: 0.0
  • General Property Description SqFt - 2nd Flr Lvl: 0.0
  • General Property Description SqFt - 3rd Flr Lvl: 0.0
  • General Property Description SqFt - Source: Tax Records
  • General Property Description Acres: 0.01
  • General Property Description Acre Source: Tax Records
  • General Property Description Site Built: Yes
  • Lot Description Other: True
Property and Assessments
  • Possession: At Closing
  • Property Attached: Yes
  • Property Type Label: Single Family
  • Floor Plans Count: 0
  • Property Type: Single Family
  • Property Sub Type: Condominium
  • Possession At Closing: True
Utilities
  • General Property Description Sewer: Public Sewer
  • Fuel Electric: True
  • Misc Features Internet Available: True
  • Sewer Public Sewer: True
  • Water Public: True
Interior and Exterior Features
Exterior Features
  • Exterior Features: Windows - Aluminum
  • Association Amenities: Elevator(s)
  • Construction Materials: Brick, Metal, Steel Siding
  • Siding Brick: True
  • Siding Metal: True
  • Community Amenities Elevator: True
  • Community Amenities Exercise Room: True
  • Community Amenities Sidewalks: True
  • Exterior Features Windows - Aluminum: True
  • Misc Features Elevator: True
Interior Features
  • Beds Total: 1
  • Baths Full: 1
  • Baths Half: 0
  • Fireplaces Total: 0
  • Bathrooms Total Integer: 1
  • Cooling Details: Yes
  • Kitchen Appliances: Dishwasher, Microwave, Range, Refrigerator, Self Cleaning Oven, Smoke Detector
  • Fireplace Features: Other, None
  • Heating: Yes
  • Fireplace None: True
  • Cooling Central Cooling: True
  • Basement None: True
  • General Property Description Number of Bedrooms: 1
  • General Property Description Number of Rooms: 3
  • General Property Description Fireplace: No
  • General Property Description Number of Fireplace: 0.0
  • General Property Description Basement: No
  • General Property Description Bonus Room: No
  • Heat Central: True
  • Dining Area KitchenDining Rm Co: True
  • Dining Area Living Room Dining Room: True
  • Appliances Dishwasher: True
  • Appliances Microwave: True
  • Appliances Range: True
  • Appliances Refrigerator: True
  • Appliances Self Cleaning Oven: True
  • Appliances Smoke Detector: True
  • Misc Features WasherDryer Connect: True
Room Information
Room
  • Rooms Total: 3
Rental
Rent Information
  • General Property Description Restrictions: Yes
  • Tenant Expenses Cooling: Central Cooling
  • Tenant Expenses Heating: Central,Electric

Property History for 116 South Gay Street, Unit 501

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 116 South Gay Street, Unit 501

Taxable ValueLand-Additions-Total-
Tax Record2023$1,274 ($106 / month)
Home Facts
Beds1Baths1Total Finished SqFt600 SqFtAbove Grade Finished SqFt600 SqFtStories1StyleCondominiumYear Built1920Year Renovated2010CountyKNOXAPN094EG04301U

Schools near 116 South Gay Street, Unit 501

This home is within Knox County School District.
Rating
School
Type
Grades
Distance
Sequoyah Elementary School
Public - PK to 5
Vine Middle/Magnet
Public - 6 to 8
Austin East High/Magnet
Public - 9 to 12
L & N Stem Academy
Public - 9 to 12
Rating
School
Distance
Sequoyah Elementary School
PublicPK to 5

Vine Middle/Magnet
Public6 to 8

Austin East High/Magnet
Public9 to 12

L & N Stem Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 116 South Gay Street, Unit 501, Knoxville, TN 37902

116 South Gay Street, Unit 501 is a condo for sale in Knoxville, TN 37902. This property was listed for sale on September 4, 2024 by Terminus Real Estate, Inc., it's currently listed at $350,000. It has been on the market for a total of 62 days and was last sold on October 16, 2020. This listing's school district is Knox County School District. Nearby schools include Sequoyah Elementary School, Vine Middle/Magnet and Austin East High/Magnet. 116 South Gay Street, Unit 501 is a 1-bed, 1-bath, 600 sqft condo built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Terminus Real Estate, Inc., Joe Consumo

The information is being provided by MTRMLS, Inc. Properties marked with the MTRMLS logo are provided courtesy of the RealTracs Internet Data Exchange Program. Information is believed to be accurate but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2024 MTRMLS, Inc. All Rights Reserved. Last updated: 10/04/2024 12:03 PM