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Sold for $916,500
  • $916,500

    402 S Gay St Suite 301, Knoxville, TN 37902

    2beds
    1,641sqft
    Condominium
    Built in 2007
    -- sqft lot
    $902,900 Zestimate®
    $559/sqft
    $3,593 Estimated rent

    Home value

    $902,900

    $858,000 - $948,000

    $3,593/mo

    Zestimate® history
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    What's special

    Contemporary finishes and fixturesUrban loftAbundant kitchen storageOriginal exposed brickSoaring ceilingsGenerous custom-designed closetsRough-hewn timbers
    You must see it to truly appreciate this stunning urban loft overlooking Downtown's vibrant Gay Street. Located in the premier Gallery Lofts, just steps from Market Square, the Old City and the Theater District, this exceptional residence features an expansive great room with huge windows, two bedrooms, two baths and a separate study. The original exposed brick, rough-hewn timbers and soaring ceilings evoke the building's industrial past, while the contemporary finishes and fixtures inspire a sense of relaxed, modern elegance. Thoughtfully designed with both style and function in mind, you will find abundant kitchen storage and generous custom-designed closets. Updates include fresh paint throughout (2024), new hardwood floors in the master bedroom (2019), custom cherry vanities with granite tops, and REME HALO Whole Home In-Duct Air Purifier (hospital grade), HVAC Carrier compressor on roof (2017), & extra-capacity water heater (2010). Washer/Dryer and Pottery Barn office furniture included. In addition to the 13 residences, there are commercial spaces on the first and second floors of the building including the beloved Mast General Store and prominent architecture firm DIA. Stroll outside and enjoy many of the city's most popular restaurants, cafes, entertainment venues, fitness studios & galleries. And with close proximity to the new Covenant Health Park stadium, library, artsy Emory Place, Downtown North, PetSafe dog park, World's Fair Park, greenway system, the University of Tennessee, and the South Waterfront, you can easily access it all from your home in the Gallery Lofts. Approx. size per appraiser is an estimate only and is not guaranteed. Developer's 1725sf estimate and CRS measurements of 1917sf vary. Buyer to verify size, taxes and HOA fees, which are subject to change. CRS records state the building was constructed in 1910, however historians date the building to the 1880's. The building was redeveloped in 2007 and roof was replaced in 2023. Public parking is offered directly behind the building in the attached Promenade Garage. Owner pays for a monthly permit for this garage. And in the nearby State St. Garage, parking is currently free on nights and weekends.

    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#: 1305228MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    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: 1,641
    • Total interior livable area: 1,641 sqft

    Property

    Parking
    • Parking features: Other
    Features
    • Has view: Yes
    • View description: City
    Lot
    • Features: Other
    Details
    • Parcel number: 095IA03800C

    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: $489 monthly
    Location
    • Region: Knoxville

    Financial & listing details

    • Price per square foot: $559/sqft
    • Tax assessed value: $642,100
    • Annual tax amount: $2,495
    • Date on market: 8/23/2025
    • Listing terms: Cash

    Price history

    DateEventPrice
    2/10/2026Sold$916,500-0.4%$559/sqft
    Source: East Tennessee Realtors #1305228 Report a problem
    1/14/2026Pending sale$920,000$561/sqft
    Source: East Tennessee Realtors #1305228 Report a problem
    10/15/2025Price change$920,000-6.6%$561/sqft
    Source: East Tennessee Realtors #1305228 Report a problem
    8/23/2025Price change$984,500-1.1%$600/sqft
    Source: East Tennessee Realtors #1305228 Report a problem
    6/19/2025Listed for sale$995,000+185.1%$606/sqft
    Source: East Tennessee Realtors #1305228 Report a problem
    8/19/2009Sold$349,000-0.3%$213/sqft
    Source: Public Record Report a problem
    6/20/2009Listed for sale$349,900+3.1%$213/sqft
    Source: Realty Executives Associates #669434 Report a problem
    3/31/2007Sold$339,500$207/sqft
    Source: Agent Provided Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,495 $160,525
    2024$2,495 $160,525
    2023$2,495 $160,525
    2022$2,495 +12.9%$160,525 +54.1%
    2021$2,209 $104,175 -75%
    2020$2,209 $416,700
    2019$2,209 $416,700
    2018$2,209 -56.8%--
    2017$5,109 -18.7%$104,175
    2016$6,284 --
    2015$6,284 --
    2014$6,284 +14%--
    2013$5,510 +148.7%--
    2012$2,216 --
    2011$2,216 $93,900
    2010$2,216 -51%$93,900
    2009$4,526 -11.3%$93,900 +1.2%
    2008$5,105 +104.5%$92,825
    2007$2,497 $92,825
    2006-- --
    Find assessor info on the county website

    Neighborhood: Downtown Knoxville

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $902,900
    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
    $902,900