416 S Gay St, 301, Knoxville, TN 37902
$1,625,000
Property Type:
Single Family
Bedrooms:
3
Square Footage:
2,512
Status:
Closed
Current Price:
$1,625,000
List Date:
5/13/2025
Last Modified:
9/12/2025
Description
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.
More Information MLS# 1300859
Contract Info
Auction Y/N: No
Occupancy: Either
Listing Price: 1650000
Current Price: $1,625,000
Status: Closed
Listing Date: 2025-05-13
Location, Tax & Legal Info
Unit #: 301
Area: Knox County - 1
Property Sub-Type: Condominium
City/County Code: City Limits
Total Tax: 9040.3
General Property Description
Type: Other
# Bedrooms: 3
Acre Source: Tax Records
# of Rooms: 7
Restrictions: Yes
Site Built: Yes
Fireplace: No
HOA Fee: 719.4
HOA Freq: Monthly
HOA Contact: Realty Resource Systems
Property Status: N/A
SqFt - Main Lvl: 0
SqFt - Down Lvl: 0
SqFt - 2nd Flr Lvl: 0
SqFt - 3rd Flr Lvl: 0
# Fireplace: 0
HOA: Mandatory
Basement: No
Bonus Room: No
SqFt - Total (Aprox): 2512
Baths - Full: 2
Year Built: 2000
Remarks & Misc
Directions: From I 40 East take Exit 388A. Use right lane to take Summit Hill Exit. Right onto East Summit Hill Drive. Left onto Gay Street. Building will be on your left.
Public Remarks: 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.
Atchd/Dtchd Type
Attached: 1
Style
Other: 1
Construction
Block: 1
Brick: 1
Siding
Brick: 1
Fireplace
None: 1
Cooling
Central Cooling: 1
Floors
Hardwood: 1
Garage/Parking
Off-Street Parking: 1
On-Street Parking: 1
Other: 1
Basement
None: 1
Lot Description
Zero Lot Line: 1
Fuel
Electric: 1
View
Other: 1
Heat
Central: 1
Community Amenities
Elevator: 1
Security: 1
Dining Area
Kitchen/Dining Rm Co: 1
Living Rm/Dining Rm: 1
Other: 1
Appliances
Dishwasher: 1
Disposal: 1
Dryer: 1
Microwave: 1
Range: 1
Refrigerator: 1
Self Cleaning Oven: 1
Smoke Detector: 1
Tankless Water Heater: 1
Washer: 1
Other Rooms
Great Room: 1
Laundry/Utility: 1
Mstr Bdrm Main Level: 1
Exterior Features
Windows - Wood: 1
Misc Features
Drapes: 1
Dry Bar: 1
Elevator: 1
Internet Available: 1
Kitchen Island: 1
Pantry: 1
Walk-in Shower: 1
Walk-In Closet(s): 1
Washer/Dryer Connect: 1
Whirlpool Tub: 1
Wired for DSL: 1
Wired for Internet: 1
Sewer
Public Sewer: 1
Water
Public: 1
Association Fee Incl
All Amenities: 1
Association Ins: 1
Building Exterior: 1
Fire Protection: 1
Security: 1
Sewer: 1
Trash: 1
Water: 1
New Financing
Cash: 1
Conventional: 1
Showing
See Agent Instructns: 1
Location Tax Legal Info
House #: 416
St Dir: S
Street Name: Gay
St Suffix: St
State/Province: TN
Zip Code: 37902
PIN #: 095IA03701H
Geo Lat: 35.966076
Geo Lon: -83.918356
Status Change Info
Status Change Date: 2025-09-12
Under Contract Date: 2025-08-14
Sold Date: 2025-09-12
Sold Price: $1,625,000
Property Features
Style: Other
Construction: Block; Brick
Siding: Brick
Basement: None
Lot Description: Zero Lot Line
View: Other
Fireplace: None
Floors: Hardwood
Fuel: Electric
Heat: Central
Cooling: Central Cooling
Appliances: Dishwasher; Disposal; Dryer; Microwave; Range; Refrigerator; Self Cleaning Oven; Smoke Detector; Tankless Water Heater; Washer
Sewer: Public Sewer
Water: Public
Other Rooms: Great Room; Laundry/Utility; Mstr Bdrm Main Level
Misc Features: Drapes; Dry Bar; Elevator; Internet Available; Kitchen Island; Pantry; Walk-in Shower; Walk-In Closet(s); Washer/Dryer Connect; Whirlpool Tub; Wired for DSL; Wired for Internet
Exterior Features: Windows - Wood
Dining Area: Kitchen/Dining Rm Co; Living Rm/Dining Rm; Other
Community Amenities: Elevator; Security
Association Fee Incl: All Amenities; Association Ins; Building Exterior; Fire Protection; Security; Sewer; Trash; Water
Showing: See Agent Instructns
New Financing: Cash; Conventional
Listing Office: Alliance Sotheby's International
Office Phone: 865-357-3232
Last Updated: September - 12 - 2025
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