Condo / High-rise home in 116 S Gay St #108 Knoxville, TN
A Condo condo in Knoxville, TN, it offers 1 bedroom and 1 bathroom across 620 square feet. Its Condo character defines the property's look.
| Price | $430,000 |
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| Beds | 1 |
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| Baths | 1 |
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| Sqft | 620 |
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| Architectural style | Condo / High-rise (76% match) |
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| Address | 116 S Gay St #108 Knoxville, TN 37902 |
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Why buy this home
- Confirmed Condo / High-rise architecture, matched from the listing photos by Enzo's vision model.
- Links directly to the original source listing on Movoto.
Is this a good buy?
Priced below comparable homes.
- At $430K, this home is 12% below the $490K median for 175 similar Condo / High-rise homes in Knoxville, TN.
- That works out to $694 per square foot, 47% above the $471 comparable rate.
- New to market (3 days), so expect competition.
| This home | $430,000 |
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| Condo / High-rise median in Knoxville, TN | $490,000 (175 homes) |
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| Price per sq ft | $694 vs. $471 comps median |
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Enzo's reads public listing data and links to the original source. Confirm condition, HOA, taxes and fees there. This is a signal, not advice.
What it costs to own
Estimated at $2,755/month with 20% down at a 7.28% 30-year fixed rate. You would need about $118,072 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $2,354/mo |
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| Property tax (new-buyer reassessed rate) | $240/mo |
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| Homeowners insurance | $161/mo |
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| Total monthly | $2,755/mo |
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| Down payment (20%) | $86,000 |
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| Income needed | $118,072/yr |
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A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home B (74 out of 100) over a 5-year hold, from a Monte-Carlo of local home-price dynamics and the interest-rate path versus renting.
| Grade | B (74/100) |
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| Beats renting in | 35% of modeled paths |
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| Modeled 5-yr equity (median) | $250,865 |
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| Range (10th to 90th pct) | $162,470 to $360,657 |
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A probabilistic model built on public data (Zillow ZHVI, FRED rates), not a guarantee or financial advice. Local price dynamics are pooled toward Knoxville, TN where local data is thin.
Local home values
Typical home values in Knoxville, TN have risen about 41% over the past 5 years (+2% in the last year), per the Zillow Home Value Index. This reflects the metro market, not this specific home.
View this home on Movoto