2 months on rocket

116 S Gay St Unit 205, Knoxville, TN, 37902

$1,100,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
2 Full Baths
2,130 SqFt
$516/SqFt
Condo

Location

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116 S Gay St Unit 205, Knoxville$1,100,000

Buyer Closing Credits

$10,000*

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), Other, City
MLS #1274644
Lot Size0.05 Acres
StatusActive

About 116 S Gay St Unit 205

Welcome to this rare gem in the heart of downtown Knoxville! This Turn-Key, fully furnished and ready to operate 4-bedroom, 2-bathroom Short Term Rental boasts an impressive 2,130 square feet of living space and comfortably sleeps up to 14 guests. Perfectly suited for large groups visiting for sporting events, concerts, weddings, or family vacations, this property combines the best of comfort and convenience. Key Features: Spacious Living: With ample room to accommodate up to 14 guests, this unit is ideal for both relaxing and entertaining. The open-concept living area provides a perfect gathering spot for your group. Prime Location: Situated just steps away from Knoxville's vibrant entertainment district, you'll be immersed in a world of music, dining, and nightlife. Explore the city's best restaurants, bars, and cultural attractions without needing a car. Breathtaking Views: Enjoy a stunning view from the massive window overlooking the historic 100 block of the Arts District. This prime vantage point offers a spectacular view of holiday decor, parades, and local events. Versatile Use: As a short-term rental, this unit provides a fantastic opportunity to generate income while also allowing owners to enjoy it for personal entertainment. Use it as a lucrative investment or a luxurious retreat for your own getaways. Proximity to UT: Just a short drive away from the University of Tennessee, this property is an excellent choice for attending football, baseball, and basketball games. Holiday and Event Ready: Whether it's the festive holiday season or a special event, the location and space make it easy to enjoy and celebrate in style. Additional Amenities: Fully equipped kitchen Comfortable bedding and linens Modern, stylish furnishings High-speed internet ready Parking options available nearby This downtown unit offers an unbeatable combination of space, location, and income potential. Don't miss your chance to own a piece of Knoxville's vibrant downtown scene. Contact us today for more information or to schedule a viewing!

Property Details

Property Features

Property Information:

  • Architectural Style: Historic
  • Year Built: 1920
  • Living Area: 2,130 SqFt

Listing Office:

  • Office Name: Terminus Real Estate, Inc.
  • Office Phone: (865) 673-6300

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Self Cleaning Oven, Washer
  • Basement: No
  • Interior: Elevator, Island in Kitchen, Eat-in Kitchen
  • Fireplace: Other, None

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • View: Mountain(s), Other, City
  • Exterior: Windows - Aluminum

Parking Information:

  • Attached Garage: No
  • Parking: On-Street Parking, Other, Off-Street Parking

Lot Features

Lot Information:

  • Lot Size: 0.05 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Located on the historic 100 block of the Downtown Arts District near the intersection of Summit Hill and South Gay Street

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,100,000
  • Price Per SqFt: $516/SqFt

HOA Fees:

  • Amount: $512
  • 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

$376K

Med. Price/SqFt

$211

Avg. Days On Market

31

# of Sold Homes

444

116 S Gay St Unit 205 vs Knoxville

86 DAYS ON ROCKET

+55 Days

$1,100,000

+$723.9K More

$516/SqFt

+$304 More

KEY TAKEAWAY

This property is $723.9K more than the Median Sold Price and $304/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: #1274644

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: 11/22/2024, 11:50:54 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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$6,070

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,364

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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.

Nearby Schools

school-card-donut-800667
2
/10

  • Green Magnet Academy

  • 801 Lula Powell Dr

  • 0.51 miles

  • Public Magnet Grades KG-5

school-card-donut-800668
7
/10

  • South Knox Elementary School

  • 801 Sevier Ave

  • 1.01 miles

  • Public District Grades PK-5

school-card-donut-800669
3
/10

  • Maynard Elementary School

  • 737 College St

  • 1.03 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $27,647. Typical income of Knoxville, TN residents is less than $35k annually. The most common type of family is single, no kids. Most 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 205

What is the listing price of this property?

The listing price of 116 S Gay St Unit 205 property is $1,100,000.

What type of property is this?

The property 116 S Gay St Unit 205 is a condo located in Knoxville, Tennessee, 37902.

Is this property for sale now?

Active Listing: 116 S Gay St Unit 205 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 116 S Gay St Unit 205 has 4 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 116 S Gay St Unit 205 is 2,130 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 116 S Gay St Unit 205 is 1920.

Rocket Homes›Tennessee›Knox County›Knoxville›37902›116 S Gay St Unit 205

This home is located at 116 S Gay St Unit 205 in Knoxville, TN and zip code 37902 in the Old City neighborhood. This 2,130 square foot home, which was built in 1920, sits on a 0.05 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since August 28, 2024 and is currently priced at $1,100,000.

In October 2024 more than 91 listings in Knoxville, TN were sold above the asking price. During the same period more than 104 listings were sold at asking price, while more than 245 were sold below. Between September 2024 and October 2024, Knoxville, TN real estate market has seen decrease in the number of listings by 0.3%. The median list price of listings available in October 2024 was $376,023, while the average time on the real estate market was 31 days.

From Rocket Homes Real Estate and based on county public records data.

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