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500 South Gay Street

500 South Gay Street, Knoxville, TN 37902
500 South Gay Street in Knoxville, TN was first built in 1928 and is 96 years old. Although, the building on the property was most recently renovated and altered in 1985. This has been categorized as a commercial property type. There are a total of 4 floors. The linear feet across the front of the lot is 800 ft and the linear feet between the front and back of the lot is 2,860. In total, the area measurement of the land is 22,880 square feet.

Learn more about the property and building on this page. The building type has been coded as 3. The code stands for buildings that have exterior walls made of non-combustible material. The interior partitions and roof structure are combustible materials. For example, the building may have concrete floors or a wood frame. Water for the property is sourced from a water system. The property is connected to a sewer system. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with masonry control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of unknown. As for heating, the home is utilizing a steam heating system and being fueled with gas. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 500 South Gay Street was last sold in May 1, 2000 for $900,000. According to our calculations, that's $13.42 per sqft. Current property owners are expected to pay $92,995 in taxes per year. The property on 500 South Gay Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $2,307,800. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1928
  • Effective Year Built: 1985
  • Bedroom Count: 0
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Floor Count: 4
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 14,457
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 22,880
  • Lot Size Depth Feet: 2,860
  • Lot Size Frontage Feet: 800
  • Total Building Area: 67,071
  • Gross Building Area: 67,071
  • Building Area: 67,071
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Steam
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Building Type: Exterior non-combustible materials/Interior combustible materials
  • Property Class: Commercial
  • Land Acres: 0.525
  • Standard Land Use Code: Casino
  • Legal Description 1: DIMENSIONS 80 X 286M

Ownership

  • Current Owner : WOODSTONE ENTERPRISES LP
  • Previous Owner : FLEURY MARY THOMAS FOSTER
  • Previous Owner 2: HENSLEE BARBARA THOMAS
  • Ownership Rights Codes: Partnership
  • Current Owner Is a Corporation Indicator: Yes
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Nov 16, 2023

Neighborhood

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

Geography

  • Assessors Map Reference: MAP #G
  • District: CIT
  • Parcel: 095IG001
  • Municipality: CITY OF KNOXVILLE
  • Latitude: 35.9646
  • Longitude: -83.9174

    Address

  • Full Address: 500 S Gay St
  • Address - House Number: 500
  • Street Direction: S
  • Address - Street Name: Gay
  • Address - Suffix Type: St
  • State: TN
  • City Name: Knoxville
  • Carrier Code: C002
  • 4-Digit Zip Code: 1501
  • Zip Code: 37902

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $92,995

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $675,000
  • First Open Lien Mortgage Lender: MARY THOMAS FOSTER FLEURY
  • First Open Lien Mortgage Recording Date: Aug 17, 2000
  • First Open Lien Mortgage Loan Amount: $675,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Seller take-back
  • First Open Lien Mortgage Private Lender: T

    Market Valuation

  • Market Total Value: $5,769,500
  • Market Land Value: $1,257,800
  • Market Improvement Value: $4,511,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,307,800

    Sales

  • Current Sale Contract Date: May 01, 2000
  • Current Sale Recording Date: Aug 17, 2000
  • Current Sale Transaction ID: 11443647924
  • Current Sale Price: $900,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 200008170012061

    Last Sale Mortgage

  • First Mortgage Lender: MARY THOMAS FOSTER FLEURY
  • First Mortgage Transaction Date: Aug 17, 2000
  • First Mortgage Loan Amount: $675,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Seller take-back

About Downtown Knoxville



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Frequently Asked Questions

What neighborhood is 500 South Gay Street located in?
The 500 South Gay Street is a located in the neighborhood of Downtown Knoxville in Downtown Knoxville, Knoxville.
What is the average sales price for listings in 500 South Gay Street?
The average sales price for units in 500 South Gay Street is $0 currently.

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