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Sold for $1,275,000
  • $1,275,000

    531 S Gay St APT 1501, Knoxville, TN 37902

    2beds
    1,988sqft
    Apartment
    Built in ----
    -- sqft lot
    $1,283,300 Zestimate®
    $641/sqft
    $3,152 Estimated rent

    Home value

    $1,283,300

    $1.22M - $1.36M

    $3,152/mo

    Zestimate® history
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    $3,152/mo

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    Rent Zestimate®

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    $5,805/mo

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    $5,805/mo

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    What's special

    Experience the epitome of urban living in Downtown's vibrant Theater District. This remarkable 2br/2ba 15th floor Penthouse residence in the premier Holston Building offers a bright, light-filled kitchen & open living area, expansive windows, beautiful hardwood floors, generous closet space and elegant fixtures. Enjoy sweeping views of the mountains, TN river, sunrises, sunsets and cityscape from the private balcony of this top floor residence. HOA fee, paid by owner, includes water, sewer, gas, and development's broadband internet & television package from AT&T U-verse. No smoking; Pets under 15lbs may be considered and a $500 Pet Fee would be required. Additional fees include a $75 Application Fee per tenant, a $500 Cleaning Fee and Security Deposit equal to one month's rent. Available for immediate occupancy. Owner prefers a minimum lease term of 12 months. Public parking is available at metered spaces along street, and also in numerous garages nearby. Parking on nights and weekends is generally free in city-owned garages, and Downtown residents are currently offered a reduced parking rate in city-owned garages (approx. $50/month); subject to availability.

    Zillow last checked:

    Listing updated:

    Source: Zillow Rentals

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Heat Pump
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Dryer, Freezer, Microwave, Oven, Refrigerator, Washer
    • Laundry: In Unit
    Features
    • Flooring: Hardwood, Tile
    Interior area
    • Total interior livable area: 1,988 sqft

    Property

    Parking
    • Details: Contact manager
    Features
    • Exterior features: Gas included in rent, Internet included in rent, Sewage included in rent, Water included in rent
    Details
    • Parcel number: 094LE01902U

    Construction

    Type & style
    • Home type: Apartment
    • Property subtype: Apartment

    Utilities & green energy

    • Utilities for property: Gas, Internet, Sewage, Water

    Community & HOA

    Community
    • Deposit fee: $4,400
    • Pet deposit fee: $500
    Location
    • Region: Knoxville

    Financial & listing details

    • Price per square foot: $641/sqft
    • Tax assessed value: $823,500
    • Annual tax amount: $3,199
    • Date on market: 2/19/2025
    • Lease term: 1 Year

    Price history

    DateEventPrice
    1/14/2026Sold$1,275,000-8.9%$641/sqft
    Source: Public Record Report a problem
    10/3/2025Listing removed$1,398,800$704/sqft
    Source: East Tennessee Realtors #1305147 Report a problem
    9/5/2025Price change$1,398,800-6.7%$704/sqft
    Source: East Tennessee Realtors #1305147 Report a problem
    8/5/2025Price change$1,498,800-5.7%$754/sqft
    Source: East Tennessee Realtors #1305147 Report a problem
    6/18/2025Listed for sale$1,590,000+98.8%$800/sqft
    Source: East Tennessee Realtors #1305147 Report a problem
    5/12/2025Listing removed$4,400$2/sqft
    Source: Zillow Rentals Report a problem
    4/2/2025Price change$4,400-2.2%$2/sqft
    Source: Zillow Rentals Report a problem
    2/19/2025Listed for rent$4,500+28.6%$2/sqft
    Source: Zillow Rentals Report a problem
    2/8/2020Listing removed$3,500$2/sqft
    Source: TurboTenant Report a problem
    1/27/2020Listed for rent$3,500$2/sqft
    Source: TurboTenant Report a problem
    9/25/2018Sold$800,000-5.8%$402/sqft
    Source: East Tennessee Realtors #1053028 Report a problem
    8/24/2018Listed for sale$849,000+14.7%$427/sqft
    Source: MLSTOSELL.COM INC #W7804314 Report a problem
    9/25/2017Sold$740,000$372/sqft
    Source: East Tennessee Realtors #1015697 Report a problem
    9/19/2017Listed for sale$740,000$372/sqft
    Source: Lake Homes Realty #1015697 Report a problem
    9/6/2017Pending sale$740,000$372/sqft
    Source: Lake Homes Realty #1015697 Report a problem
    9/6/2017Listed for sale$740,000+23.3%$372/sqft
    Source: Lake Homes Realty #1015697 Report a problem
    9/10/2008Sold$600,000$302/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$3,199 $205,875
    2024$3,199 $205,875
    2023$3,199 $205,875
    2022$3,199 -5.5%$205,875 +29%
    2021$3,385 $159,650 -75%
    2020$3,385 $638,600
    2019$3,385 $638,600
    2018$3,385 -23.8%$638,600 +300%
    2017$4,444 -32%$159,650
    2016$6,540 --
    2015$6,540 --
    2014$6,540 +14%--
    2013$5,735 -20.6%--
    2012$7,223 --
    2011$7,223 $149,850
    2010$7,223 $149,850
    2009$7,223 -9.5%$149,850 +3.2%
    2008$7,983 +387.7%$145,150 +138.5%
    2007$1,637 $60,850
    Find assessor info on the county website

    Neighborhood: Downtown Knoxville

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,283,300
    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
    $1,283,300