3 months on rocket

116 S Gay St Unit L101, Knoxville, TN, 37902

$669,000

Home List Price

$7,944*

Closing Credit

2 Bedrooms
2 Full Baths
1,130 SqFt
$592/SqFt
Condo
Schools Nearby

Location

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116 S Gay St Unit L101, Knoxville$669,000

Buyer Closing Credits

$7,944*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingOn-Street Parking, Other, Off-Street Parking
Year Built1920
HeatingCentral, Electric
CoolingCentral Air
FireplaceOther, None
ViewMountain(s), City
MLS #1249620
Lot Size0.03 Acres
StatusActive

About 116 S Gay St Unit L101

Enjoy the best of city living in this stylish 2bedroom 2 bath condominium situated in the heart of the Downtown Knoxville. Sterchi Lofts is conveniently located within walking distance to The Tennessee Theatre, Market Square, Old City and the future location of the new baseball stadium. It is also just a few minutes' drive to the University of Tennessee campus and the growing South Knoxville riverfront area! The building features a gym and a rooftop deck with gorgeous views of both the city skyline and the Great Smokey Mountains and will look out over the baseball stadium upon its completion. Walk to all the best restaurants, lounges and entertainment venues that Knoxville has to offer. Bike the 30+ miles of greenway located near Volunteer Landing as well as walk and hike around the nearby Ijams Nature Center. The unit boasts an open floorplan, large window in the living area to let in natural light, and it is wired for AT&T fiber optic for owners who want ultra-fast internet. Parking is nearby at Vine Ave and Jackson Ave. Parking passes can be leased out monthly. The building also has additional storage that can be rented out monthly. This is a great opportunity to own a wonderful downtown property. Don't miss this chance to enjoy all the perks of city life with this wonderfully decorated condo. *Buyers to verify sq ft.

Property Details

Property Features

Property Information:

  • Architectural Style: Historic
  • Year Built: 1920
  • Living Area: 1,130 SqFt

Listing Office:

  • Office Name: Terminus Real Estate, Inc.
  • Office Phone: (865) 673-6300

Interior Features

Interior Information:

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

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • View: Mountain(s), City
  • Exterior: Windows - Aluminum

Parking Information:

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

Lot Features

Lot Information:

  • Lot Size: 0.03 Acres

Utilities

Utilities Information:

  • Heating: Central, 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: Located in the Sterchi Lofts on the beautiful historic 100 Block of Gay Street between Summit Hill and Jackson Ave.

Price Information

Listing Price Info

Price Summary:

  • List Price: $669,000
  • Price Per SqFt: $592/SqFt

HOA Fees:

  • Amount: $279
  • 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 L101 vs Knoxville

110 DAYS ON ROCKET

+72 Days

$669,000

+$303.9K More

$592/SqFt

+$385 More

KEY TAKEAWAY

This property is $303.9K more than the Median Sold Price and $385/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: #1249620

Listing Office:

  • Office Name: Terminus Real Estate, Inc.
  • Office Phone: (865) 673-6300

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: 4/28/2024, 10:20:22 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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Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

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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-2138970
8
/10

  • Sequoyah Elementary School

  • 942 Southgate Rd

  • 3.51 miles

  • Public District Grades KG-5

Middle School

school-card-donut-2138971
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-2138972
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. The most common annual income of people living in Knoxville, TN is less than $35k. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 116 S Gay St Unit L101

What is the listing price of this property?

The listing price of 116 S Gay St Unit L101 property is $669,000.

What type of property is this?

The property 116 S Gay St Unit L101 is a condo located in Knoxville, Tennessee, 37902.

Is this property for sale now?

Active Listing: 116 S Gay St Unit L101 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 L101 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 L101 has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 116 S Gay St Unit L101 is 1,130 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 116 S Gay St Unit L101 is 1920.

Rocket Homes›Tennessee›Knox County›Knoxville›37902›116 S Gay St Unit L101

This home is located at 116 S Gay St Unit L101 in Knoxville, TN and zip code 37902 in the Old City neighborhood. This 1,130 square foot home, which was built in 1920, sits on a 0.03 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since January 08, 2024 and is currently priced at $669,000.

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. In March 2024 in Knoxville, TN there were 5.3% more homes for sale than in February 2024. In March 2024, listings were on the market for 38 days. During the same period, the median list price in this real estate market was $365,052.

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

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