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Sold for $1,595,000
  • $1,595,000

    402 S Gay St Ste 402, Knoxville, TN 37902

    3beds
    3,486sqft
    Condominium
    Built in 2007
    -- sqft lot
    $1,829,400 Zestimate®
    $458/sqft
    $4,273 Estimated rent

    Home value

    $1,829,400

    $1.68M - $2.01M

    $4,273/mo

    Zestimate® history
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    What's special

    You must see it to truly appreciate this exceptional three-bedroom 3-level penthouse residence, complete with a main-level balcony and spacious rooftop terrace overlooking the Downtown cityscape and distant Smoky Mountains. Located in the premier Gallery Lofts, just steps from Market Square, the Old City and the Theater District, this home has recently undergone an incredible transformation with a completely remodeled kitchen, master bathroom, and powder room, redesigned closet and storage systems, and enhanced outdoor living space. The original exposed brick, rough-hewn timbers and soaring ceilings evoke the building's industrial past, while the gorgeous contemporary finishes and fixtures inspire a sense of relaxed, modern elegance. The gourmet kitchen features quartzite countertops, counter to ceiling wall tile, custom maple cabinets, high-end appliances, and open shelving crafted by a local artist. The spa-inspired master bathroom features beautiful marble throughout, designer lighting and hardware, sleek tile and a freestanding soaking tub. Enjoy multiple outdoor living spaces, including an expansive balcony off the great room and a spacious rooftop deck that can easily be transformed into an urban rooftop garden. A wide, open staircase leads to a mezzanine level - a perfect reading nook. Perched above is the penthouse level, which could double as a second home office and exercise area. Thoughtfully designed with both style and function in mind, you will find abundant storage, a large laundry room with utility sink, generous closets and built-in office areas. And don't miss the beautiful Hemingway home-inspired powder room - complete with replica tile and stunning pendant light. Please see previous seller's complete list of updates and features for more details about this immaculate loft. Sq. footage provided by appraiser's sketch, is an estimate only and is not guaranteed. Total approx. size of 3486sf includes approx. 3066sf interior and approx. 325sf rooftop deck and approx. 95sf balcony was provided by previous owner's appraisal (depicts an approx. 2456sf main level, approx. 305sf mezzanine, approx. 305sf penthouse) and developer's deck/balcony estimates, which are estimates only and are not guaranteed. CRS shows approx. 2670sf. Developer's pre-construction estimates indicated approx. 3285sf total, including approx. 2395sf main floor, approx. 95sf balcony, approx. 235sf mezzanine, approx. 235sf penthouse, approx. 325sf terrace. Buyer to verify size, taxes and HOA fees, which are subject to change. Short-Term Rentals / AirBnBs are not permitted by the POA. Building's roof was replaced in 2023.

    Zillow last checked:

    Listing updated:

    Listed by:

    Kimberly Dixon Hamilton,

    Downtown Realty, Inc.

    Bought with:

    Kimberly Dixon Hamilton, 290479

    Downtown Realty, Inc.

    Source: East Tennessee Realtors,MLS#: 1266437MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 2
    • 1/2 bathrooms: 1
    Rooms
    • Room types: Bonus Room
    Heating
    • Central, Heat Pump, Electric
    Cooling
    • Other, Central Air, Ceiling Fan(s)
    Appliances
    • Included: Dishwasher, Disposal, Microwave, Range, Refrigerator
    Features
    • Kitchen Island, Breakfast Bar, Eat-in Kitchen, Bonus Room
    • Flooring: Hardwood, Tile
    • Windows: Insulated Windows
    • Basement: None,Other
    • Has fireplace: No
    • Fireplace features: None
    Interior area
    • Total structure area: 3,486
    • Total interior livable area: 3,486 sqft

    Property

    Parking
    • Parking features: None, Other
    Features
    • Exterior features: Balcony
    • Has view: Yes
    • View description: City
    Lot
    • Features: Other
    Details
    • Parcel number: 095IA03800F

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: Other,Contemporary,Historic
    • Property subtype: Condominium
    • Attached to another structure: Yes
    Materials
    • Other, Brick
    Condition
    • Year built: 2007

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: Gallery Lofts
    HOA
    • Has HOA: Yes
    • Services included: Maintenance Structure, Insurance, Maintenance Grounds
    • HOA fee: $865 monthly
    Location
    • Region: Knoxville

    Financial & listing details

    • Price per square foot: $458/sqft
    • Tax assessed value: $1,186,800
    • Annual tax amount: $4,611
    • Date on market: 6/18/2024
    • Listing terms: Cash

    Price history

    DateEventPrice
    7/9/2024Sold$1,595,000$458/sqft
    Source: East Tennessee Realtors #1266437 Report a problem
    6/23/2024Pending sale$1,595,000$458/sqft
    Source: East Tennessee Realtors #1266437 Report a problem
    6/18/2024Listed for sale$1,595,000+23.2%$458/sqft
    Source: East Tennessee Realtors #1266437 Report a problem
    1/28/2022Sold$1,295,000-7.2%$371/sqft
    Source: East Tennessee Realtors #1173520 Report a problem
    12/6/2021Pending sale$1,395,000$400/sqft
    Source: East Tennessee Realtors #1173520 Report a problem
    11/15/2021Listed for sale$1,395,000+55%$400/sqft
    Source: East Tennessee Realtors #1173520 Report a problem
    6/15/2018Sold$900,000-3.2%$258/sqft
    Source: RealTracs MLS as distributed by MLS GRID #2954407 Report a problem
    5/14/2018Pending sale$930,000$267/sqft
    Source: Coldwell Banker Wallace and Wallace Realtors #995710 Report a problem
    4/18/2018Price change$930,000-6.1%$267/sqft
    Source: Coldwell Banker Wallace and Wallace Realtors #995710 Report a problem
    8/7/2017Price change$990,000-4.8%$284/sqft
    Source: Coldwell Banker Wallace and Wallace Realtors #995710 Report a problem
    3/20/2017Listed for sale$1,040,000+96.6%$298/sqft
    Source: Coldwell Banker Wallace & Wallace, Realtors #995710 Report a problem
    12/26/2013Sold$529,050-22.1%$152/sqft
    Source: Public Record Report a problem
    11/14/2013Listed for sale$679,000-15.1%$195/sqft
    Source: Coldwell Banker Wallace & Wallace, Realtors #867383 Report a problem
    1/17/2011Listing removed$799,900$229/sqft
    Source: Downtown Realty Inc. #674733 Report a problem
    1/8/2011Price change$799,900-7%$229/sqft
    Source: Downtown Realty Inc. #674733 Report a problem
    6/16/2010Listed for sale$859,900+30%$247/sqft
    Source: Downtown Realty #674733 Report a problem
    8/27/2007Sold$661,318$190/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,611 $296,700
    2024$4,611 $296,700
    2023$4,611 $296,700
    2022$4,611 +52.5%$296,700 +108.1%
    2021$3,023 $142,600 -75%
    2020$3,023 $570,400
    2019$3,023 $570,400 -2.9%
    2018$3,023 -56.8%$587,200 +311.8%
    2017$6,993 +56.4%$142,600
    2016$4,471 --
    2015$4,471 -43.2%--
    2014$7,877 +14%--
    2013$6,908 -13.2%--
    2012$7,954 --
    2011$7,954 $165,025
    2010$7,954 $165,025
    2009$7,954 -11.6%$165,025 +0.9%
    2008$8,994 +104.5%$163,525
    2007$4,399 $163,525
    2006-- --
    Find assessor info on the county website

    Neighborhood: Downtown Knoxville

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,829,400
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,829,400