1 month on rocket

116 S Gay St Unit M101, Knoxville, TN, 37902

$629,000

Home List Price

$7,469*

Closing Credit

2 Bedrooms
2 Full Baths
1,130 SqFt
$557/SqFt
Condo
Schools Nearby

Location

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116 S Gay St Unit M101, Knoxville$629,000

Buyer Closing Credits

$7,469*

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 #1254375
Lot Size0.03 Acres
StatusActive

About 116 S Gay St Unit M101

Welcome to your urban oasis in the heart of downtown Knoxville! This stunning 2 bedroom, 2 bath industrial minimalistic style condo is the perfect blend of modern design and functionality. Upon entering, you will be greeted by an open concept living space with easy to maintain concrete floors and exposed ductwork, giving the home a sleek and contemporary feel. The kitchen features stainless steel appliances (all appliances convey), quartz countertops, and minimalist cabinetry for a clean and streamlined look. The unit also features motorized blinds, bidets in both bathrooms, and all the furniture can be purchase separately for a true turnkey experience. This condo is situated in a prime location, just steps away from all the shops, restaurants, and entertainment that downtown has to offer. In addition, the building amenities include a rooftop deck with stunning city and mountain views and a 24-hour accessible fitness center. Parking is located nearby on Vine Avenue and Jackson Ave. Don't miss out on the opportunity to live in this trendy and stylish condo - schedule your showing today!

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, Dryer, Self Cleaning Oven, Refrigerator, Microwave, Washer
  • Basement: No
  • Interior: Elevator, 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 - Insulated

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 downtown on South Gay Street in between West Summit Hill Drive and West Jackson Ave. Sterchi Lofts is located in the 100 block of the Arts District, within walking distance to Market Square, the Old City and just a few minutes drive to campus.

Price Information

Listing Price Info

Price Summary:

  • List Price: $629,000
  • Price Per SqFt: $557/SqFt

HOA Fees:

  • Amount: $278
  • 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 M101 vs Knoxville

59 DAYS ON ROCKET

+21 Days

$629,000

+$263.9K More

$557/SqFt

+$350 More

KEY TAKEAWAY

This property is $263.9K more than the Median Sold Price and $350/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: #1254375

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: 4/29/2024, 12:20:25 PM 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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Recommended Financing

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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-3103883
8
/10

  • Sequoyah Elementary School

  • 942 Southgate Rd

  • 3.51 miles

  • Public District Grades KG-5

Middle School

school-card-donut-3103884
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-3103885
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. Most Knoxville, TN residents have annual incomes less than $35k. Typical family type is single, no kids. The majority of 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 M101

What is the listing price of this property?

The listing price of 116 S Gay St Unit M101 property is $629,000.

What type of property is this?

The property 116 S Gay St Unit M101 is a condo located in Knoxville, Tennessee, 37902.

Is this property for sale now?

Active Listing: 116 S Gay St Unit M101 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 M101 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 M101 has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 116 S Gay St Unit M101 is 1,130 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 116 S Gay St Unit M101 is 1920.

Rocket Homes›Tennessee›Knox County›Knoxville›37902›116 S Gay St Unit M101

This home is located at 116 S Gay St Unit M101 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 March 01, 2024 and is currently priced at $629,000.

While more than 114 listings in Knoxville, TN in March 2024 were sold above asking price, there were more than 95 listings sold at asking price, and more than 234 were sold below. The inventory of homes for sale in Knoxville, TN between February 2024 and March 2024 increased 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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