Welcome to the iconic, historic J.C. Penney building. This meticulously designed 3-bedroom, 2-bathroom condo is fully furnished and move-in ready. Featuring hardwood floors, exposed brick walls, original beams, and original shutters. The shuffleboard table is excluded. The kitchen features stainless steel appliances, granite countertops, and an open-concept dining area. The owner's suite features a walk-in closet, an owner's closet, and gorgeous French doors. The primary bathroom features a tiled walk-in shower, double vanity, and a soaker tub. The unbeatable location on Gay St. is centrally located near the Theatre District, Market Square, and Old City, offering endless dining and entertainment options without the commute. Short-term rentals are not permitted. Resident parking is available in the Promenade Garage directly behind the building ($40/month, not included in HOA fees). Public street and State St. Effective year 2000, year built 1905. Garage parking available at an additional $40 month. Make Downtown Knoxville your new lifestyle and schedule your showing today.
Sold for $1,625,000
$1,625,000
416 S Gay St APT 301, Knoxville, TN 37902
3beds
2,512sqft
Condominium
Built in 2000
-- sqft lot
$1,642,900 Zestimate®
$647/sqft
$4,168 Estimated rent
Home value
$1,642,900
$1.54M - $1.74M
$4,168/mo
Zestimate® history
Owner options
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$4,168/mo
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$4,168/mo
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$9,987/mo
Est. payment
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$9,987/mo
Est. payment
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List your homeWhat's special
Walk-in closetOriginal shuttersStainless steel appliancesOriginal beamsExposed brick wallsGranite countertopsOpen-concept dining area
Zillow last checked:
Listing updated:
Listed by:
Amy Brock Smith 865-256-3920,
Alliance Sotheby's International,
Orel Brodt 305-606-1178,
Alliance Sotheby's International
Bought with:
Tonya Weaver, 364280
United Real Estate Solutions
Source: East Tennessee Realtors,MLS#: 1300859
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Central, Electric
Cooling
- Central Air
Appliances
- Included: Tankless Water Heater, Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Self Cleaning Oven, Washer
Features
- Walk-In Closet(s), Kitchen Island, Dry Bar, Elevator, Pantry, Eat-in Kitchen
- Flooring: Hardwood
- Windows: Wood Frames, Drapes
- Basement: None
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 2,512
- Total interior livable area: 2,512 sqft
Property
Parking
- Parking features: On Street, Off Street, Other
- Has uncovered spaces: Yes
Features
- Has view: Yes
- View description: Other
Lot
- Features: Zero Lot Line
Details
- Parcel number: 095IA03701H
Construction
Type & style
- Home type: Condo
- Architectural style: Other
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Brick, Block
Condition
- Year built: 2000
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Security: Smoke Detector(s)
HOA
- Has HOA: Yes
- Amenities included: Security
- Services included: Fire Protection, Maintenance Structure, Insurance, All Amenities, Trash, Sewer, Security, Water
- HOA fee: $719 monthly
Location
- Region: Knoxville
Financial & listing details
- Price per square foot: $647/sqft
- Tax assessed value: $974,800
- Annual tax amount: $3,787
- Date on market: 5/13/2025
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 9/12/2025 | Sold | $1,625,000-1.5%$647/sqft |
Source:  East Tennessee Realtors #1300859 Report a problem | ||
| 8/15/2025 | Pending sale | $1,650,000$657/sqft |
Source: East Tennessee Realtors #1300859 Report a problem | ||
| 8/11/2025 | Price change | $1,650,000-8.3%$657/sqft |
Source: East Tennessee Realtors #1300859 Report a problem | ||
| 5/13/2025 | Listed for sale | $1,800,000+86.5%$717/sqft |
Source: East Tennessee Realtors #1300859 Report a problem | ||
| 2/9/2021 | Sold | $965,000-3.5%$384/sqft |
Source: East Tennessee Realtors #1136130 Report a problem | ||
| 1/26/2021 | Pending sale | $1,000,000$398/sqft |
Source: East Tennessee Realtors #1136130 Report a problem | ||
| 11/17/2020 | Listed for sale | $1,000,000+46%$398/sqft |
Source: East Tennessee Realtors #1136130 Report a problem | ||
| 12/28/2016 | Sold | $685,000$273/sqft |
Source: East Tennessee Realtors #974397 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,787 | $243,700 |
| 2024 | $3,787 | $243,700 |
| 2023 | $3,787 | $243,700 |
| 2022 | $3,787 +4.7% | $243,700 +42.9% |
| 2021 | $3,616 | $170,550 -75% |
| 2020 | $3,616 | $682,200 |
| 2019 | $3,616 | $682,200 +13.7% |
| 2018 | $3,616 -56.8% | $600,000 +251.8% |
| 2017 | $8,364 +10.5% | $170,550 |
| 2016 | $7,569 | -- |
Find assessor info on the county website
Neighborhood: Downtown Knoxville
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Nearby schools
GreatSchools rating
- 10/10Sequoyah Elementary SchoolGrades: K-5Distance: 3.5 mi
- 2/10Vine Middle/MagnetGrades: 6-8Distance: 0.9 mi
- 4/10Austin East High/MagnetGrades: 9-12Distance: 2.4 mi
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Estimated market value
$1,642,900
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
$1,642,900
- Tennessee
- Knox County
- Knoxville
- 37902
- Downtown Knoxville
- 416 S Gay St Apartment 301
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