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Sold for $1,395,000
  • $1,395,000

    416 S Gay St APT 302, Knoxville, TN 37902

    2beds
    2,127sqft
    Condominium
    Built in 1905
    -- sqft lot
    $1,395,000 Zestimate®
    $656/sqft
    $3,361 Estimated rent

    Home value

    $1,395,000

    $1.33M - $1.46M

    $3,361/mo

    Zestimate® history
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    What's special

    Soaring ceilings
    Experience urban living at its finest in Unit 302 of the iconic JC Penney Building, located in the heart of downtown Knoxville's vibrant Historic Gay Street district. This beautifully appointed 2-bedroom, 2-full-bath residence blends historic character with modern comfort, offering an exceptional opportunity to own a piece of Knoxville's rich architectural heritage. Situated within one of downtown's most recognizable landmarks, the condo features soaring ceilings, expansive windows that fill the space with natural light, and an open-concept layout designed for both everyday living and entertaining. Historic architectural details are thoughtfully preserved, creating a unique atmosphere that reflects the building's storied past while providing the conveniences of contemporary living. Elevator access offers added convenience and easy accessibility to the residence. Located directly above Maple Hall, one of downtown Knoxville's premier boutique bowling and entertainment destinations, the property places residents in the center of the city's dynamic energy while maintaining the privacy and comfort of an upscale residential retreat. Step outside your door and enjoy walkable access to Knoxville's premier restaurants, theaters, galleries, shops, and entertainment venues. Just moments from Market Square, the Tennessee Theatre, and the University of Tennessee campus, this location places the very best of downtown Knoxville within easy reach. Whether you're seeking a primary residence, a downtown retreat, or an investment opportunity, this unique find offers a rare combination of history, location, and urban sophistication in one of Knoxville's most sought-after addresses.

    Zillow last checked:

    Listing updated:

    Listed by:

    Blake Pruitt 865-323-2699,

    Alliance Sotheby's International Realty

    Bought with:

    Paige Heck, 329043

    Keller Williams Signature

    Source: East Tennessee Realtors,MLS#: 1343537MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Central, Heat Pump, Electric
    Cooling
    • Central Air, Ceiling Fan(s)
    Appliances
    • Included: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
    Features
    • Walk-In Closet(s), Pantry, Breakfast Bar, Eat-in Kitchen
    • Flooring: Hardwood, Tile
    • Windows: Insulated Windows, Drapes
    • Basement: Other
    • Has fireplace: No
    • Fireplace features: None
    Interior area
    • Total structure area: 2,127
    • Total interior livable area: 2,127 sqft

    Property

    Parking
    • Parking features: Other
    Features
    • Has view: Yes
    • View description: City
    Lot
    • Features: Other
    Details
    • Parcel number: 095IA03701J

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: Other,Historic
    • Property subtype: Condominium
    • Attached to another structure: Yes
    Materials
    • Other, Brick
    Condition
    • Year built: 1905

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: Jc Penney Condominium
    HOA
    • Has HOA: Yes
    • Services included: Maintenance Structure, Insurance, Sewer, Maintenance Grounds, Water
    • HOA fee: $677 monthly
    Location
    • Region: Knoxville

    Financial & listing details

    • Price per square foot: $656/sqft
    • Tax assessed value: $680,800
    • Annual tax amount: $2,645
    • Date on market: 6/5/2026
    • Listing terms: New Loan,Cash,Conventional

    Price history

    DateEventPrice
    7/31/2026Sold$1,395,000$656/sqft
    Source: East Tennessee Realtors #1343537 Report a problem
    7/8/2026Pending sale$1,395,000$656/sqft
    Source: East Tennessee Realtors #1343537 Report a problem
    6/5/2026Listed for sale$1,395,000+116.6%$656/sqft
    Source: East Tennessee Realtors #1343537 Report a problem
    10/16/2020Sold$644,000-2.4%$303/sqft
    Source: East Tennessee Realtors #1120968 Report a problem
    9/11/2020Pending sale$659,900$310/sqft
    Source: Downtown Realty, Inc. #1120968 Report a problem
    7/10/2020Price change$659,900-4.3%$310/sqft
    Source: Downtown Realty, Inc. #1120968 Report a problem
    6/23/2020Listed for sale$689,900+14.6%$324/sqft
    Source: Downtown Realty, Inc. #1120968 Report a problem
    6/1/2016Sold$602,000$283/sqft
    Source: East Tennessee Realtors #941577 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,645 $170,200
    2024$2,645 $170,200
    2023$2,645 $170,200
    2022$2,645 -14.6%$170,200 +16.5%
    2021$3,096 $146,050 -75%
    2020$3,096 $584,200
    2019$3,096 $584,200 +14.5%
    2018$3,096 -23.9%$510,300 +249.4%
    2017$4,066 +16.9%$146,050
    2016$3,477 --
    Find assessor info on the county website

    Neighborhood: Downtown Knoxville

    Nearby schools

    GreatSchools rating
    Get a cash offer in 3 minutes
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    Estimated market value
    $1,395,000
    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
    $1,395,000