402 S Gay St, 402, Knoxville, TN 37902

$1,295,000
Property Type: Single Family Bedrooms: 3 Square Footage: 3,486 Status: Closed
Current Price: $1,295,000 List Date: 11/15/2021 Last Modified: 1/28/2022

Description

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 brand new gourmet kitchen features quartzite

Supplements: countertops, counter to ceiling wall tile, custom maple cabinets, high-end appliances, and open shelving crafted by a local artist. The brand new 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 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 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.

More Information MLS# 1173520

Contract Info

Auction Y/N: No Occupancy: Permanent Residence Sold Price: $1,295,000 Current Price: $1,295,000 Status: Closed Listing Contract Date: 2021-11-12

Location, Tax & Legal Info

Unit #: 402 Area: Knox County - 1 Property Sub-Type: Condominium Community: Downtown City/County Code: City Limits Total Tax: 6536.38

General Property Description

Type: Other # Bedrooms: 3 Acre Source: See Remarks # of Rooms: 9 Restrictions: Yes Site Built: Yes Fireplace: No HOA Fee: 704 HOA Freq: Monthly HOA Contact: DIA, Nada K. - 865-637-8540/nkuchinic@dia-arch.com Property Status: N/A SqFt - Main Lvl: 2456 SqFt - Down Lvl: 0 SqFt - 2nd Flr Lvl: 305 SqFt - 3rd Flr Lvl: 305 # Fireplace: 0 HOA: Mandatory Position of Unit: Top Fl Penthouse Basement: No Bonus Room: Yes Extra Storage: No Living Area: 3486 Bathrooms Full: 2 Bathrooms Half: 1 Year Built: 2007

Remarks & Misc

Directions: Located above Mast General Store at the intersection of Gay Street and Wall Avenue, just one block south of Summit Hill Drive. Public parking is available in the Promenade Garage directly behind the building, or in the nearby State St. Garage, Walnut Street Garage or Market Square Garage, where night/weekend parking is free and Downtown residents are offered reduced monthly parking rates of approx. $35-$45/month in city-owned garages; subject to availability. Public Remarks: 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 brand new gourmet kitchen features quartzite

Atchd/Dtchd Type

Attached: 1

Style

Contemporary: 1 Historic: 1 Other: 1

Construction

Brick: 1 Other: 1

Siding

Brick: 1 Other: 1

Fireplace

None: 1

Cooling

Ceiling Fan(s): 1 Central Cooling: 1 Other: 1

Floors

Carpet: 1 Hardwood: 1 Slate: 1

Garage/Parking

None: 1 Other: 1

Basement

None: 1 Other: 1

Lot Description

Other: 1

Fuel

Electric: 1

View

City: 1

Heat

Central: 1 Heat Pump: 1

Community Amenities

Elevator: 1

Dining Area

Breakfast Bar: 1 Kitchen/Dining Rm Co: 1 Living Rm/Dining Rm: 1

Appliances

Dishwasher: 1 Disposal: 1 Dryer: 1 Microwave: 1 Range: 1 Refrigerator: 1 Washer: 1

Other Rooms

Den/Study: 1 Laundry/Utility: 1

Exterior Features

Deck: 1 Windows - Insulated: 1

Misc Features

Kitchen Island: 1 Walk-in Shower: 1 Washer/Dryer Connect: 1 Wired for Internet: 1

Sewer

Public Sewer: 1

Water

Public: 1

Association Fee Incl

Association Ins: 1 Building Exterior: 1 Grounds Maintenance: 1

New Financing

Cash: 1 Other: 1

Showing

See Agent Instructns: 1

Location Tax Legal Info

Street Number: 402 Street Direction Prefix: S Street Name: Gay Street Suffix: St State: TN Zip Code: 37902 Parcel Number: 095IA03800F Subdivision Name: Gallery Lofts

Status Change Info

Status Change Timestamp: 2022-01-28 Purchase Contract Date: 2021-12-06 Close Date: 2022-01-28 Close Price: 1295000

Property Features

Style: Contemporary; Historic; Other Construction: Other Siding: Brick; Other Basement: None; Other Lot Description: Other Fireplace: None Floors: Carpet; Hardwood; Slate Fuel: Electric Heat: Central Cooling: Ceiling Fan(s); Central Cooling; Other Appliances: Dishwasher; Disposal; Dryer; Microwave; Range; Refrigerator; Washer Sewer: Public Sewer Water: Public Misc Features: Walk-in Shower; Wired for Internet Exterior Features: Deck; Windows - Insulated Dining Area: Breakfast Bar Community Amenities: Elevator Association Fee Incl: Association Ins; Building Exterior; Grounds Maintenance Showing: See Agent Instructns New Financing: Other
Listing Office: Downtown Realty, Inc.
Office Phone: 865-588-5535
Last Updated: January - 28 - 2022
402 S Gay St, 402, Knoxville, TN 37902- MLS# 1173520
The data relating to real estate for sale on this Web Site comes from the IDX Program of the Knoxville Area Association of REALTORS® Multiple Listing Service. © Copyright 2020 All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. This information is updated weekly, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.