I hope you had a nice Memorial Day weekend. It was a busy week for the office with a total of 1,537 recordings. Trust Deeds (loans) accounted for 369 and Warranty Deeds (property sales) accounted for 267.
Loans had a combined total value of $273.31 million. The largest trust deed, coming in at $63.5 million, was funded by First National Bank of Omaha. Bank of America came in second on the list with a $57.59 million loan. JP Morgan Chase NA financed one for $17.4 million, other high-value loans:
The 267 warranty deeds had a cumulative value of $109.24 million. There were 12 recorded during the week with a million-dollar or higher price tag. The highest-valued commercial property on the list is at the Schaad Road and Western Avenue intersection. The new PureMagic Carwash located here is in service and has a new owner. RLD Grassy Creek LLC sold the property to PureMagic Carwash of Alcoa LLC for $6.06 million.
In South Knoxville, BGD Development LLC sold 56 more lots in the Chapman Trace Townhome community. Turner Homes LLC is the new owner of the units on Chapman Highway for a ticket of $3.64 million.
Property on Dutch Valley Road
Terminal Services LLC sold three connecting properties in North Knoxville. Dutch Valley Properties LLC purchased the properties at 1400, 1408 and 1430 Dutch Valley for $3.7 million in total.
Just over the ridge from Dutch Valley Drive was another large value closing. Nolen Products Inc. sold 912 Forsythe Street to Excel Holdings LLC for $1 million. The last transfer valued at over $1 million was Summit Capital Ventures LLC selling three adjoining properties. Dempster Holdings LLC purchased 622 N. Broadway, 609 and 611 N. Central for a cumulative $1.05 million.
Our annual comparison chart has been updated through Friday, May 24, 2024:
If you haven’t already signed up for the FREE Property Fraud Alert Program, now is a great time to do so. Just go to https://alertme.knoxrod.org. This FREE program will send an email alert if any documents are recorded in the names you enter into the system. It’s easy to sign up, just follow the prompts once you’re on the website. If you have trouble or questions, just give us a call.
Have a great weekend! – Nick
Nick McBride is register of deeds for Knox County