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Sold for $675,000
  • $675,000

    122 S Gay St APT 404, Knoxville, TN 37902

    2beds
    1,401sqft
    Condominium
    Built in 1900
    -- sqft lot
    $675,500 Zestimate®
    $482/sqft
    $2,912 Estimated rent

    Home value

    $675,500

    $642,000 - $709,000

    $2,912/mo

    Zestimate® history
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    What's special

    Located on Downtown Knoxville's vibrant 100-Block of Gay Street, this exceptional penthouse loft in the historic Commerce Building is surrounded by a vibrant mix of residences, boutique shops, acclaimed restaurants, salons, and art galleries. Blending timeless character with modern updates, this stunning residence offers an elevated urban lifestyle in one of Downtown's most sought-after locations. Inside, newly refinished hardwood floors, fresh paint, soaring ceilings, rich exposed brick, and expansive windows create a sophisticated yet inviting atmosphere. Bright new skylights illuminate the spacious bedroom and bath with abundant natural light. The open kitchen and living area offer an ideal blend of comfort and sophistication, creating an inviting space for daily living or casual entertaining. Thoughtfully designed custom built-ins and generous walk-in closets offer exceptional storage throughout. Recent upgrades include a new HVAC system (March 2025), a new hot water heater (November 2023), and a new range/oven (2023), offering move-in-ready convenience. Residents of the Commerce Building enjoy tastefully appointed common areas, a newly completed roof (2025), and a community rooftop deck currently under construction -- a serene retreat perched above historic Gay Street, ideal for savoring Downtown Knoxville's energy and charm from above. Originally constructed circa 1900, the Commerce Building was thoughtfully converted into condominium residences in 2009, preserving its architectural character while seamlessly integrating modern conveniences. Approx. size is based on Courthouse Retrieval records, is an estimate only and is not guaranteed. Buyers to verify size, taxes, and HOA fees, which are subject to change.

    Zillow last checked:

    Listing updated:

    Listed by:

    Kimberly Dixon Hamilton,

    Downtown Realty, Inc.

    Bought with:

    Jon Engle, 365879

    Realty Executives Associates

    Source: East Tennessee Realtors,MLS#: 1341663MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Central, Electric
    Cooling
    • Other, Central Air, Ceiling Fan(s)
    Appliances
    • Included: Dishwasher, Disposal, Range, Refrigerator
    Features
    • Walk-In Closet(s), Eat-in Kitchen
    • Flooring: Hardwood
    • Windows: Insulated Windows
    • Basement: Other
    • Has fireplace: No
    • Fireplace features: None
    Interior area
    • Total structure area: 1,401
    • Total interior livable area: 1,401 sqft

    Property

    Parking
    • Parking features: None, Other
    Features
    • Has view: Yes
    • View description: City
    Lot
    • Features: Other
    Details
    • Parcel number: 094EG03900Z

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: Historic
    • Property subtype: Condominium
    • Attached to another structure: Yes
    Materials
    • Other, Brick
    Condition
    • Year built: 1900

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: The Commerce Building Condominiums
    HOA
    • Has HOA: Yes
    • Amenities included: Other
    • Services included: Maintenance Structure, Insurance, Maintenance Grounds
    • HOA fee: $315 monthly
    Location
    • Region: Knoxville

    Financial & listing details

    • Price per square foot: $482/sqft
    • Tax assessed value: $460,500
    • Annual tax amount: $1,789
    • Date on market: 5/26/2026
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    6/29/2026Sold$675,000-3.5%$482/sqft
    Source: East Tennessee Realtors #1341663 Report a problem
    5/29/2026Pending sale$699,500$499/sqft
    Source: East Tennessee Realtors #1341663 Report a problem
    5/26/2026Listed for sale$699,500+149.8%$499/sqft
    Source: East Tennessee Realtors #1341663 Report a problem
    10/30/2012Sold$280,000-6.7%$200/sqft
    Source: East Tennessee Realtors #601862 Report a problem
    2/2/2010Sold$300,000$214/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,789 $115,125
    2024$1,789 $115,125
    2023$1,789 $115,125
    2022$1,789 -3.5%$115,125 +31.6%
    2021$1,854 $87,450 -75%
    2020$1,854 $349,800
    2019$1,854 $349,800
    2018$1,854 -56.8%--
    2017$4,288 +22.7%$87,450
    2016$3,495 --
    2015$3,495 --
    2014$3,495 +7.2%--
    2013$3,260 +0.9%--
    2012$3,229 --
    2011$3,229 +104.2%$67,000
    2010$1,581 $67,000
    Find assessor info on the county website

    Neighborhood: Old City

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $675,500
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $675,500