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602 South Gay Street

602 South Gay Street, Knoxville, TN 37902
602 South Gay Street is a condo located in Downtown Knoxville, Knoxville. The building was first built in 1950 and is 74 years old. The lot that the building was built on is 319 feet wide and 1,163 feet long. In total, 602 South Gay Street has a total floor area of 39,360 square feet. 602 South Gay Street has a total of 10 floors.

Interested in learning more about the building? There are many great amenities and features for residents in the building. There are 10 closings on record, of which we have matching data for 3 listings. In the past 3 years, a listing in this building will typically remain on the market for about 165 days and tend to sell below the original asking price of $519,000 by 6.43%. Meaning, listings tend to sell at a median of $316 price per square foot. The transaction that took the longest to complete was unit 104, listed on Aug 14, 2018 for $1,100,000. This particular unit ultimately sold 197 days later for $850,000. The most recent transaction was for unit 401, sold for $425,000 on Feb 16, 2021. Fun fact, the oldest transaction we have on record took place on Sep 17, 2013. See the full transaction history for 602 South Gay Street below.

Downtown Knoxville, where 602 South Gay Street is located, has a median asking price of $454,450 for condo buildings. Meanwhile, the building itself has a median asking price of $519,000. For interested buyers, that means the building's median asking price is around inf% above the neighborhood's median asking price for condos. A buyer may therefore end up paying more for a unit in this building compared to other condo buildings in the neighborhood.

Unfortunately, there are currently no active listings within the building but our inventory of available units for sale is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Masonry Exterior
Brick Exterior
This property description is generated based on publicly available data.

5 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20230113 Unit 902
01/13/2023
902
3 Bed
2.5 Bath
2533 ft²
$1,295,000
bedrooms
3 Bed
bathrooms
2.5 Bath
square feet
2533 ft²
-
-
-
Melinda Grimac
Alliance Sotheby's International Realty
20200808 Unit 602
08/08/2020
602
2 Bed
2 Bath
1580 ft²
$529,000
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1580 ft²
$495,000 -6.43%
01/21/2021
Melinda Grimac
20190915 Unit 303
09/15/2019
303
2 Bed
2 Bath
1409 ft²
$439,900
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1409 ft²
$420,000 -4.52%
12/26/2019
Rusty Ensor
20190630 Unit STE802
06/30/2019
2 Bed
3 Bath
2533 ft²
$679,900
bedrooms
2 Bed
bathrooms
3 Bath
square feet
2533 ft²
-
-
-
-
20180814 Unit 104
08/14/2018
104
3 Bed
3 Bath
2800 ft²
$1,100,000
bedrooms
3 Bed
bathrooms
3 Bath
square feet
2800 ft²
$850,000 -22.73%
02/28/2019
-
Chandle Turbyville

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 2000
  • Bedroom Count: 0
  • Building Condition: Fair
  • Building Quality: C
  • Construction Type: Masonry
  • Floor Count: 10
  • Living Units: 1
  • Business/Commerical Units Count: 23
  • Basement Type: Unspecified basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 680
  • Lot Size Depth Feet: 1,163
  • Lot Size Frontage Feet: 319
  • Total Building Area: 39,360
  • Gross Building Area: 39,360
  • Building Area: 39,360
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Yes
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Building Type: Exterior non-combustible materials/Interior combustible materials
  • Property Class: Commercial
  • Subdivision: THE BURWELL CONDOMINIUMS COMMON AREA
  • Land Acres: 0.016
  • Standard Land Use Code: Casino
  • Legal Description 1: SUBDIVISIONNAME THE BURWELL CONDOMINIUMS COMMON AREA MA PPLATB 20060309 MAPPLATP 0075264 DIMENSIONS 31.93 X 116 .31 X IRR

Ownership

  • Current Owner : KINGSFIELD RAYMOND E
  • Current Owner 2: LOCHER CHRISTINA M
  • Previous Owner : LABARCA ANNETFE T
  • Previous Owner 2: THIRD AMENDED & RESTATED ANNET
  • Owner Before Previous Owner: CARDINAL INVESTMENT PROPERTIES LLC
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Knox County School District
  • Census Tract: 000100

Geography

  • Assessors Map Reference: MAP #F
  • District: CIT
  • Parcel: 095IF001
  • Municipality: CITY OF KNOXVILLE
  • Latitude: 35.9642
  • Longitude: -83.9176

    Address

  • Full Address: 602 S Gay St
  • Address - House Number: 602
  • Street Direction: S
  • Address - Street Name: Gay
  • Address - Suffix Type: St
  • State: TN
  • City Name: Knoxville
  • Carrier Code: C002
  • 4-Digit Zip Code: 1605
  • Zip Code: 37902

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $3,600,000
  • First Open Lien Mortgage Lender: FSGBANK NA
  • First Open Lien Mortgage Recording Date: Mar 09, 2006
  • First Open Lien Mortgage Loan Amount: $3,600,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan

    Market Valuation

  • Market Total Value: $2,822,400
  • Market Land Value: $202,400
  • Market Improvement Value: $2,620,000

    Assessments Valuation

  • Assessed Year: 2023

    Sales

  • Current Sale Contract Date: Sep 29, 2021
  • Current Sale Recording Date: Sep 30, 2021
  • Current Sale Transaction ID: 11863520068
  • Current Sale Price: $475,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 202109300026583
  • Previous Sale Recording Date: Mar 23, 2011
  • Previous Sale Contract Date: Mar 22, 2011
  • Previous Sale Amount: $2,500
  • Previous Sale Document Type: Warranty Deed

About Downtown Knoxville



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Frequently Asked Questions

What neighborhood is 602 South Gay Street located in?
The 602 South Gay Street is a condo located in the neighborhood of Downtown Knoxville in Downtown Knoxville, Knoxville.
What is the average sales price for listings in 602 South Gay Street?
The average sales price for units in 602 South Gay Street is $519,000 , or $316/sqft. currently.

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