327 W Summit Hill Dr #612, Knoxville, TN, 37902
About This Home
Now showing: the first new construction opportunity on Gay Street in the heart of downtown in over 40 years, ideally located on the 200 block, This beautifully appointed one-bedroom, one-bathroom residence features an open-concept kitchen and living area, complemented by a full-size private balcony overlooking downtown Knoxville with exceptional views. Please note that short-term rentals are not permitted for this unit. Short-term rentals are allowed only on floors 2 and 3 of the West Building and on the top floor of the East Building. As a new construction property, estimated property taxes are to be determined by the buyer. For additional details, including HOA information, disclosures, finish schedules, and general project information, please refer to the document section.
Getting Around
Walker's Paradise
Good Transit
Very BikeableSchools
Construction
Condition
- Year built: 2025
Materials
- Construction materials: Frame,Other
Type & Style
- Home type: Condo
- Architectural style: Other
- Property subType: Condominium
Interior
Appliances
- Appliances included: Dishwasher,Disposal,Microwave,Range,Refrigerator
Basement
- Basement: None
Bedrooms & Bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Features
- Kitchen Island,Elevator,Pantry
- Flooring: Vinyl
- Fireplace features: None
Heating & Cooling
- Heating features: Central,Electric
- Cooling features: Central Air
Interior Area
- Total structure area: 864
- Total interior livable area: 864 sqft
Property
Details
- Parcel number: 094LD005
- Attached to another structure: Yes
Features
- Exterior features: Balcony
- Has view: Yes
- View description: City
Lot
- Features: Corner Lot
Parking
- Parking features: Off Street,Other
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Tornado
- Winter Weather
- Cold Wave
- Earthquake
- Ice Storm
- Lightning
How This Home’s Risks Compare
FEMA Declared Disasters Across Tennessee Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,122 | $37,464 |
| Home Insurance | $218 | $2,616 |
| Property Taxes | $226 | $2,712 |
| Electricity | $175 | $2,103 |
| Total | $3,741 | $44,892 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-12 | Price change | $617,500 |
| 2025-05-08 | Listed for sale | $590,500 |
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