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505 Union Ave APT 208, Knoxville, TN, 37902

1beds
1baths
584sqft
$425,000
$728price/sqft
$2,950/moest. monthly cost
$118,000/yrincome needed

About This Home

Renovated, fully furnished one-bedroom loft-style condo just steps from Market Square! Located in the historic Daylight Building, this move-in ready property offers unbeatable access to the University of Tennessee, World's Fair Park, the Old City, the new Smokies baseball stadium, and the Downtown Greenway. The updated kitchen features new cabinetry, leathered granite countertops, a custom backsplash, peninsula bar seating with additional storage and newer stainless-steel appliances. The open living area highlights exposed beams, a ceiling fan, and a wall of fully functional original windows that fill the space with natural light. The bedroom includes a comfortable sitting area and a custom-designed closet with built-in storage. The bathroom has been thoughtfully updated with a walk-in tiled shower, modern vanity with a lighted mirror, and a stackable washer and dryer. This unit is being sold fully furnished, making it ideal for a seamless move or turnkey living experience. Additional upgrades include a new HVAC system and motorized shades. Covered parking is available adjacent to the building. Please note short -term rentals are not permitted.

Getting Around

91
WalkingWalker's Paradise
60
TransitGood Transit
72
BikeVery Bikeable

Schools

10/10
2/10
Vine Middle/MagnetGrades 6-81.1 mi
4/10
Austin East High/MagnetGrades 9-122.6 mi

Construction

Condition

  • Year built: 1930

Materials

  • Construction materials: Brick,Frame

Type & Style

  • Home type: Condo
  • Architectural style: Historic,Traditional
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Dryer,Microwave,Range,Refrigerator,Self Cleaning Oven,Washer

Basement

  • Basement: None

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Elevator
  • Flooring: Hardwood
  • Fireplace features: None

Heating & Cooling

  • Heating features: Central,Electric
  • Cooling features: Central Air,Ceiling Fan(s)

Interior Area

  • Total structure area: 584
  • Total interior livable area: 584 sqft

Property

Details

  • Parcel number: 094LH02000S
  • Attached to another structure: Yes

Features

  • Has view: Yes
  • View description: City

Lot

  • Lot size: 435.60 sqft
  • Features: Other

Parking

  • Parking features: Other

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Earthquake
    EarthquakeModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Tornado
Winter Weather
Cold Wave
Earthquake
Ice Storm
Lightning

FEMA Declared Disasters Across Tennessee Counties

Flood
Freezing
Severe Ice Storm
Severe Storm
Straight Line Winds
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,149$25,788
Home Insurance $150$1,800
Property Taxes $476$5,712
Electricity $175$2,103
Total$2,950$35,400

Income You'd Need if You Spent...

35% on housing$101,142/yr
40% on housing$88,500/yr
45% on housing$78,666/yr

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.5%
7.5%
0%30.0%
Electricity Growth Rate10-year average: 4.5%
4.5%
0%15.0%
Property Taxes Growth Rate2-year average: -0.4%
-0.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$728This listing

vs Other Active Listings

Avg $/sqft

ZIP 37902$259
Knox County$202

vs Homes Sold Last Month

Median $/sqft

ZIP 37902$604
Knox County$213

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-08-14Pending sale$425,000
2026-05-22Listed for sale$425,000
2024-03-29Listing removed--
2023-03-31Sold$375,000
2023-02-25Pending sale$375,000
2023-01-08Listing removed--
2023-01-02Price change$2,650
2022-11-27Listed for rent$2,900
2022-09-03Listing removed$360,000
2022-08-27Price change$360,000
2022-08-21Price change$379,000
2022-08-09Price change$385,000
2022-07-29Listed for sale$389,000
2022-03-28Sold$260,000
2022-03-14Pending sale$255,000
2022-03-14Listed for sale$255,000
2016-09-15Sold$139,900

For Sale by Agent

AgentTonya Weaver
BrokerageUnited Real Estate Solutions

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