505 Union Avenue

505 Union Avenue is a condo located in Downtown Knoxville, Knoxville. The building was first built in 1930 and is 94 years old. The lot that the building was built on is 1,056 feet wide and 1,585 feet long. In total, 505 Union Avenue has a total floor area of 34,008 square feet. 505 Union Avenue has a total of 3 floors.

Interested in learning more about the building? There are many great amenities and features for residents in the building. There are 15 closings on record, of which we have matching data for 1 listings. In the past 3 years, a listing in this building will typically remain on the market for about 72 days and tend to sell below the original asking price of $199,000 by 11.48%. Meaning, listings tend to sell at a median of $361 price per square foot. The transaction that took the longest to complete was unit 218, listed on Dec 19, 2020 for $209,000. This particular unit ultimately sold 72 days later for $185,000. The most recent transaction was for unit 218, which was first advertised on Dec 19, 2020, sold for $185,000 on Mar 02, 2021. Fun fact, the oldest transaction we have on record took place on Oct 03, 2016. See the full transaction history for 505 Union Avenue below.

Downtown Knoxville, where 505 Union Avenue is located, has a median asking price of $454,450 for condo buildings. Meanwhile, the building itself has a median asking price of $199,000. For interested buyers, that means the building's median asking price is around 0.56% 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.

Unfortunately, there are currently no active listings within the building but our inventory of available units for sale is constantly updating in real time. Check back frequently for updates.