402 S Gay St, 402, Knoxville, TN 37902

$1,595,000
Property Type: Single Family Bedrooms: 3 Square Footage: 3,486 Status: Closed
Current Price: $1,595,000 List Date: 6/18/2024 Last Modified: 7/09/2024

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 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 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 previous 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 previous 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. Building's roof was replaced in 2023.

More Information MLS# 1266437

Contract Info

Auction Y/N: No Occupancy: Permanent Residence Listing Price: 1595000 Current Price: $1,595,000 Status: Closed Listing Date: 2024-06-15

Location, Tax & Legal Info

Unit #: 402 Area: Knox County - 1 Property Sub-Type: Condominium Community: Downtown City/County Code: City Limits Total Tax: 11006.3

General Property Description

Type: Other # Bedrooms: 3 Acre Source: See Remarks # of Rooms: 9 Restrictions: Yes Site Built: Yes Fireplace: No HOA Fee: 865 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 SqFt - Total (Aprox): 3486 Baths - Full: 2 Baths - 1/2: 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. $45-55/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 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

Hardwood: 1 Tile: 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 Microwave: 1 Range: 1 Refrigerator: 1

Other Rooms

Den/Study: 1 Laundry/Utility: 1

Exterior Features

Balcony: 1 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

House #: 402 St Dir: S Street Name: Gay St Suffix: St State/Province: TN Zip Code: 37902 PIN #: 095IA03800F Subdivision: Gallery Lofts Geo Lat: 35.966258 Geo Lon: -83.918493

Status Change Info

Status Change Date: 2024-07-09 Under Contract Date: 2024-06-22 Sold Date: 2024-07-09 Sold Price: $1,595,000

Property Features

Style: Contemporary; Historic; Other Construction: Brick; Other Siding: Brick; Other Basement: None; Other Lot Description: Other Fireplace: None Floors: Hardwood; Tile Fuel: Electric Heat: Central; Heat Pump Cooling: Ceiling Fan(s); Central Cooling; Other Appliances: Dishwasher; Disposal; Microwave; Range; Refrigerator Sewer: Public Sewer Water: Public Other Rooms: Den/Study; Laundry/Utility Misc Features: Kitchen Island; Walk-in Shower; Washer/Dryer Connect; Wired for Internet Exterior Features: Balcony; Deck; Windows - Insulated Dining Area: Breakfast Bar; Kitchen/Dining Rm Co; Living Rm/Dining Rm Community Amenities: Elevator Association Fee Incl: Association Ins; Building Exterior; Grounds Maintenance Showing: See Agent Instructns New Financing: Cash; Other
Listing Office: Downtown Realty, Inc.
Office Phone: 865-588-5535
Last Updated: July - 09 - 2024
402 S Gay St, 402, Knoxville, TN 37902- MLS# 1266437
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