402 S Gay St 402, Knoxville, TN 37902 (MLS# 1266437)


$1,595,000
402 S Gay St 402
Knoxville, TN 37902
MLS# 1266437
Status: Closed
3 beds  |  3486 sqft


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Property 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

Details
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
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.

IDX
Listing Office: Downtown Realty, Inc.

Office Phone: 865-588-5535

Last Updated: July - 09 - 2024

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