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Sold for $515,000 on 05/15/25
  • $515,000

    116 S Gay St APT 503, Knoxville, TN 37902

    2beds
    900sqft
    Condominium
    Built in 1920
    -- sqft lot
    $518,700 Zestimate®
    $572/sqft
    $2,279 Estimated rent

    What's special

    Experience the best of modern urban living at Sterchi Lofts! This stunning 2-bedroom, 1-bath condo on the 5th floor offers breathtaking views and a vibrant downtown lifestyle. The expansive window in the main living area—stretching nearly floor to ceiling and wall to wall—floods the open floorplan with natural light and provides the perfect vantage point for watching beautiful sunsets, parades, and events like the monthly First Friday celebration on the 100 block of the Historic Arts District. Originally the headquarters of Sterchi Brothers Furniture, once the largest wholesale furniture distributor in the Southeast, this historic building was transformed into 100 residences in 2002 and underwent further renovations from 2016 to 2022. During that renovation, the unit was thoughtfully updated with energy-efficient appliances, quartz countertops, a stainless-steel kitchen sink, designer lighting, an upgraded HVAC system, modern plumbing fixtures, and Roca Spanish tile in the shower. The current owners have enhanced it even further, adding custom-built wardrobes in both bedrooms, high-end remote-controlled electric blinds, sliding barn-style doors, and a spacious kitchen island with additional storage. Residents of Sterchi Lofts enjoy premium amenities, including a 24-hour fitness center, rentable storage, and a rooftop patio with breathtaking panoramic views of the city skyline and the Great Smoky Mountains. Knoxville continues to thrive, recently ranked among the most desirable cities to live in by U.S. News & World Report (2024). Exciting developments like the new baseball stadium opening in 2025 and the upcoming Neyland Entertainment District will further elevate downtown's appeal. With award-winning restaurants, art galleries, live music, and entertainment all within walking distance, this is the perfect place to call home. Schedule your showing today! **Buyer to verify sq ft, taxes, and HOA

    Zillow last checked: 7 hours ago

    Listing updated: June 19, 2025 at 12:55pm

    Listed by:

    Joe Consumo 865-386-3406,

    Terminus Real Estate, Inc.

    Bought with:

    Donna Copeland, 281108

    Wallace

    Source: East Tennessee Realtors,MLS#: 1292569MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    • Full bathrooms: 1
    Heating
    • Central, Electric
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Disposal, Microwave, Range, Refrigerator, Self Cleaning Oven
    Features
    • Kitchen Island, Elevator, Eat-in Kitchen
    • Flooring: Other
    • Windows: Aluminum Frames
    • Basement: None
    • Has fireplace: No
    • Fireplace features: None
    Interior area
    • Total structure area: 900
    • Total interior livable area: 900 sqft

    Property

    Parking
    • Parking features: On Street, Off Street, Other
    • Has uncovered spaces: Yes
    Features
    • Has view: Yes
    • View description: Mountain(s), City
    Lot
    • Size: 871.20 sqft
    • Features: Other
    Details
    • Parcel number: 094EG04301W

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: Historic
    • Property subtype: Condominium
    • Attached to another structure: Yes
    Materials
    • Steel, Brick, Metal Siding
    Condition
    • Year built: 1920

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Security
    • Security features: Smoke Detector(s)
    Community
    • Community features: Sidewalks
    Location
    • Region: Knoxville
    • Subdivision: Sterchi Lofts Condos Unit 503

    HOA & financial

    HOA
    • Has HOA: Yes
    • HOA fee: $229 monthly
    • Services included: Pest Control, Fire Protection, Maintenance Structure, Insurance, Trash, Some Amenities, Maintenance Grounds

    Other

    Other facts
    • Listing terms: Alternative,Cash,Conventional
    Services availability