Check Availability

116 South Gay Street

116 South Gay Street, Knoxville, TN 37902
Condo in Old City
1 Units For Sale
Unit for sale at 116 S Gay St, Knoxville, TN 37902

$679,000

  • Loft
  • 1 Bath
  • 900 ft²
116 S Gay St #403, Knoxville, TN 37902 Listing by Jonathan Minerick

116 South Gay Street is a condo located in Old City, Knoxville. The building was first built in 1920 and is 104 years old. The lot that the building was built on is 737 feet wide and 1,330 feet long. In total, 116 South Gay Street has a total floor area of 123,370 square feet. 116 South Gay Street has a total of 10 floors.

Interested in learning more about the building? There are many great amenities and features for residents in the building. On weekends, residents can enjoy the building's deck. There are 37 closings on record. The most recent transaction was for unit 902, sold for $0 on Nov 03, 2021. Fun fact, the oldest transaction we have on record took place on Jul 01, 2019. See the full transaction history for 116 South Gay Street below.

Old City, where 116 South Gay Street is located, has a median asking price of $610,000 for condo buildings. For interested buyers, that means the building's median asking price is around 1.00% below the neighborhood's median asking price for condos. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other condo buildings in the neighborhood.

There is currently one active listing for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. The asking price for the only active sales listing is $679,000. It is a 900 sqft and 1-bathroom unit.

Building Features

Exterior

Brick Exterior
Masonry Exterior
Block Exterior
Stucco Exterior
This property description is generated based on publicly available data.

5 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20230411 Unit APT910
04/11/2023
1 Bed
1 Bath
620 ft²
$354,900
bedrooms
1 Bed
bathrooms
1 Bath
square feet
620 ft²
-
-
-
Carl Young
Keller Williams - Knoxville-West
20230121 Unit APTM107
01/21/2023
2 Bed
1 Bath
980 ft²
$395,000
bedrooms
2 Bed
bathrooms
1 Bath
square feet
980 ft²
-
-
-
Brandy Lydon
Keller Williams West Knoxville
20221006 Unit 505
10/06/2022
505
4 Bed
2 Bath
2130 ft²
$680,000
bedrooms
4 Bed
bathrooms
2 Bath
square feet
2130 ft²
-
-
-
Vick Dyer
Alliance Sotheby's International Realty
20220723 Unit M106
07/23/2022
3 Bed
2 Bath
1260 ft²
$525,000
bedrooms
3 Bed
bathrooms
2 Bath
square feet
1260 ft²
-
-
-
Jonathan Minerick
Apaus, Inc.
20210807 Unit APT710
08/07/2021
1 Bed
1 Bath
620 ft²
$254,000
bedrooms
1 Bed
bathrooms
1 Bath
square feet
620 ft²
-
-
-
Mark Bissell
Realty Executives Associates (0222)

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1985
  • Bedroom Count: 0
  • Building Condition: Average
  • Building Quality: C+
  • Construction Type: Masonry
  • Floor Count: 10
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 615
  • Lot Size Depth Feet: 1,330
  • Lot Size Frontage Feet: 737
  • Total Building Area: 123,370
  • Gross Building Area: 123,370
  • Building Area: 123,370
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: None
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: STERCHI LOFTS CONDOS
  • Land Acres: 0.014
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: SUBDIVISIONNAME LOWLOT HIGHLOT LOWBLOCK HIGHBLOCK DIMENSIONS 73.7 X 133 X IRR

Ownership

  • Current Owner : GANT CHARLES MICHAEL
  • Previous Owner : BENNETT MEREDITH MORGAN
  • Previous Owner 2: TYLER HAMILTON
  • Owner Before Previous Owner: STERCHI LOFTS LP
  • Ownership Rights Codes: Life Estate

Neighborhood

  • School District Name: Knox County School District
  • Census Tract: 000100

Geography

  • Assessors Map Reference: MAP #G
  • District: CIT
  • Parcel: 094EG043
  • Municipality: CITY OF KNOXVILLE
  • Latitude: 35.9685
  • Longitude: -83.92

    Address

  • Full Address: 116 S Gay St
  • Address - House Number: 116
  • Street Direction: S
  • Address - Street Name: Gay
  • Address - Suffix Type: St
  • State: TN
  • City Name: Knoxville
  • Carrier Code: C008
  • 4-Digit Zip Code: 1095
  • Zip Code: 37902

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $0

    Market Valuation

  • Market Total Value: $6,098,400
  • Market Land Value: $201,900
  • Market Improvement Value: $5,896,500

    Assessments Valuation

  • Assessed Year: 2023

    Sales

  • Current Sale Contract Date: Apr 21, 2023
  • Current Sale Recording Date: Apr 21, 2023
  • Current Sale Transaction ID: 11905644403
  • Current Sale Price: $359,900
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 56713
  • Previous Sale Recording Date: Oct 19, 2022
  • Previous Sale Contract Date: Oct 12, 2022
  • Previous Sale Amount: $425,000
  • Previous Sale Document Type: Warranty Deed

About Old City



Similar Buildings

Condo at 116 South Gay Street,

220 West Jackson Avenue

  • 1 Unit for Sale
  • 5 Stories
220 West Jackson Avenue, Knoxville, TN 37902
Condo at 116 South Gay Street,

312 South Gay Street

  • 1 Unit for Sale
  • 5 Stories
312 South Gay Street, Knoxville, TN 37902
Condo at 116 South Gay Street,

129 West Jackson Avenue

  • 1 Unit for Sale
  • 3 Stories
129 West Jackson Avenue, Knoxville, TN 37902
Condo at 116 South Gay Street,

130 West Jackson Avenue

  • 1 Unit for Sale
130 West Jackson Avenue, Knoxville, TN 37902
Condo at 116 South Gay Street,

555 West Jackson Avenue

  • 1 Unit for Sale
  • 3 Stories
555 West Jackson Avenue, Knoxville, TN 37902
Condo at 116 South Gay Street,

304 Wall Avenue

  • 1 Unit for Sale
  • 1 Story
304 Wall Avenue, Knoxville, TN 37902
Condo at 116 South Gay Street,

333 West Depot Avenue

  • 1 Unit for Sale
  • 1 Story
333 West Depot Avenue, Knoxville, TN 37917
Condo at 116 South Gay Street,

401 South Gay Street

  • 1 Unit for Sale
  • 1 Story
401 South Gay Street, Knoxville, TN 37902
Condo at 116 South Gay Street,

415 West Vine Avenue

  • 1 Unit for Sale
415 West Vine Avenue, Knoxville, TN 37902

Nearby Rentals

Unit for rent at 555 W Jackson Ave, Knoxville, TN, 37902

$2,495 /mo

  • 1 Bed
  • 1 Bath
  • 705 ft²
555 W Jackson Ave #504, Knoxville, TN, 37902 Listing by Jarrod Cruze
Unit for rent at 1039 Oglewood Ave, Knoxville, TN, 37917

$1,395 /mo

  • 2 Beds
  • 1 Bath
  • 768 ft²
1039 Oglewood Ave, Knoxville, TN, 37917 Listing by Simona Oprea
Unit for rent at 721 Lippencott St, Knoxville, TN, 37920

$2,100 /mo

  • 3 Beds
  • 1 Bath
  • 1,450 ft²
721 Lippencott St, Knoxville, TN, 37920 Listing by Patrick Welsh
Unit for rent at 326 Ben Hur Ave, Knoxville, TN, 37915

$1,200 /mo

  • 2 Beds
  • 1 Bath
  • 768 ft²
326 Ben Hur Ave, Knoxville, TN, 37915 Listing by Simona Oprea
Unit for rent at 928 Hall St, Knoxville, TN, 37920

$1,850 /mo

  • 2 Beds
  • 1 Bath
  • 837 ft²
928 Hall St #928 Hall St, Knoxville, TN, 37920 Listing by Manager
Unit for rent at 3232 Sevier Ave, Knoxville, TN, 37920

$2,100 /mo

  • 3 Beds
  • 2 Baths
  • 1,150 ft²
3232 Sevier Ave #3232 Sevier Ave, Knoxville, TN, 37920 Listing by Manager
Unit for rent at 1221 Laurel Ave, Knoxville, TN, 37916

$3,500 /mo

  • 5 Beds
  • 3 Baths
1221 Laurel Ave #1221 Laurel Ave, Knoxville, TN, 37916 Listing by Manager

Frequently Asked Questions

What neighborhood is 116 South Gay Street located in?
The 116 South Gay Street is a condo located in the neighborhood of Old City in Old City, Knoxville.
How many listings are currently for sale in 116 South Gay Street?
This is a single-family home. The property is currently on the market for sale.
What is the average sales price for listings in 116 South Gay Street?
The average sales price for units in 116 South Gay Street is $679,000 , or $754/sqft. currently.

Quantcast