18 days on rocket

116 S Gay St Unit 403, Knoxville, TN, 37902

$679,000

Home List Price

$8,063*

Closing Credit

2 Bedrooms
1 Full Bath
900 SqFt
$754/SqFt
Condo
Schools Nearby

Location

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116 S Gay St Unit 403, Knoxville$679,000

Buyer Closing Credits

$8,063*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingOther
Year Built1925
HeatingForced Air, Heat Pump, Electric
CoolingCentral Air
FireplaceOther, None
ViewCity
MLS #1259104
Lot Size0.02 Acres
StatusActive

About 116 S Gay St Unit 403

City living at its best! Art galleries, restaurants and shopping just outside your door. Just 1 block to the Old City, 2 blocks to Market Square, and 3 blocks to the new baseball stadium! Great restaurants, shopping, movies, concerts, plays, museums, and Tennessee football all within short distance. This great 2-bedroom 1-bath loft is on the 4th floor overlooking Gay Street. High enough for city views and low enough to watch the parades! The loft is bright and open with large windows across the front and large windows in main bedroom. Floors have been sealed preserving areas of previous floor paint, including a beautiful teal color. Silent sliding doors to all rooms and modern ceiling fans and light fixtures. The Sterchi Lofts has a workout facility and a great rooftop area to relax. Living in Downtown Knoxville is a great way to make new friends and stay connected with old friends. With over 110 restaurants in walking distance, it's easy share a wonderful meal with people important to you. There is always an event happening in the Art District, Market Square, Gay Street, Old City, Volunteer Landing or World's Fair Park. You can bike the Knoxville Greenways or hike at Ijams Nature Center and follow it up with a cold brew at one of 18 breweries around Downtown Knoxville.

Property Details

Property Features

Property Information:

  • Architectural Style: Historic
  • Year Built: 1925
  • Living Area: 900 SqFt

Listing Office:

  • Office Name: Homecoin.com
  • Office Phone: (888) 400-2513

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, Self Cleaning Oven, Refrigerator, Microwave, Washer
  • Basement: No
  • Interior: Elevator, Eat-in Kitchen
  • Fireplace: Other, None

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • View: City
  • Exterior: Deck, Cable Available (TV Only)

Parking Information:

  • Attached Garage: No
  • Parking: Other

Lot Features

Lot Information:

  • Lot Size: 0.02 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Heat Pump, Electric
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Austin-East Magnet High School, Public Magnet Grades 9-12
  • Vine Magnet Middle School, Public Magnet Grades 6-8
  • Sequoyah Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: From W Summit Hill Dr north to S Gay St turn right to 116 S Gay St

Price Information

Listing Price Info

Price Summary:

  • List Price: $679,000
  • Price Per SqFt: $754/SqFt

HOA Fees:

  • Amount: $220
  • Frequency: Monthly
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Housing Market Comparison

See how this home compares to others in Knoxville, TN.

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Knoxville, TN

City

Med. Sold Price

$365K

Med. Price/SqFt

$206

Avg. Days On Market

38

# of Sold Homes

444

116 S Gay St Unit 403 vs Knoxville

18 DAYS ON ROCKET

-20 Days

$679,000

+$313.9K More

$754/SqFt

+$547 More

KEY TAKEAWAY

This property is $313.9K more than the Median Sold Price and $547/SqFt more than other homes in Knoxville, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: East Tennessee REALTORS® MLS
  • MLS Number: #1259104

Listing Office:

  • Office Name: Homecoin.com
  • Office Phone: (888) 400-2513

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.

The Knoxville Area Association of REALTORS® Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.

Information deemed reliable but not guaranteed. This information is updated daily, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.

Copyright © 2024 Knoxville Area Association of REALTORS® Multiple Listing Service.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/1/2024, 12:50:22 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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$3,676

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Recommended Financing

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Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,102

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4017947
8
/10

  • Sequoyah Elementary School

  • 942 Southgate Rd

  • 3.51 miles

  • Public District Grades KG-5

Middle School

school-card-donut-4017948
3
/10

  • Vine Magnet Middle School

  • 1807 Martin Luther King Jr Ave

  • 0.95 miles

  • Public Magnet Grades 6-8

High School

school-card-donut-4017949
2
/10

  • Austin-East Magnet High School

  • 2800 M L King Jr Av

  • 2.38 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $27,647. Typical income of Knoxville, TN residents is less than $35k annually. Typical family type is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 116 S Gay St Unit 403

What is the listing price of this property?

The listing price of 116 S Gay St Unit 403 property is $679,000.

What type of property is this?

The property 116 S Gay St Unit 403 is a condo located in Knoxville, Tennessee, 37902.

Is this property for sale now?

Active Listing: 116 S Gay St Unit 403 is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 116 S Gay St Unit 403 are:
Sequoyah Elementary School: GreatSchools Rating 8/10
Vine Magnet Middle School: GreatSchools Rating 3/10
Austin-East Magnet High School: GreatSchools Rating 2/10

How many bedrooms and bathrooms does this property have?

The property at 116 S Gay St Unit 403 has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 116 S Gay St Unit 403 is 900 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 116 S Gay St Unit 403 is 1925.

Rocket Homes›Tennessee›Knox County›Knoxville›37902›116 S Gay St Unit 403

This home is located at 116 S Gay St Unit 403 in Knoxville, TN and zip code 37902 in the Old City neighborhood. This 900 square foot home, which was built in 1925, sits on a 0.02 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since April 12, 2024 and is currently priced at $679,000.

In March 2024, from all listings sold in Knoxville, TN there were more than 114 sold above asking price, over 234 sold below and more than 95 were sold right at the asked price. Between February 2024 and March 2024, Knoxville, TN real estate market has seen increase in the number of listings by 5.3%. The median list price of listings available in March 2024 was $365,052, while the average time on the real estate market was 38 days.

From Rocket Homes Real Estate and based on county public records data.

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