During the first week of December, we recorded 1,403 documents. The week’s lending added 304 new deeds to the records valued at $134.42 million. There were seven loans over $1 million with Cadence Bank funding the largest one at $23.61 million. The next largest loan came from Community Trust Bank Inc. for $9 million. The third was Southeast Bank’s $8.3 million. The other high value loans are as follows:
On the transfer side of real estate, 228 warranty deeds (sales) were recorded last week with a cumulative value of $97.88 million. Twelve transfers were priced over $1 million, but only four were commercial properties.
Nick McBride
A new self-storage facility will be built on Watt Road in West Knoxville. Hubbs Land Management GP sold 5.5 acres on N. Watt Road to Mini Storage on Watt Rd LLC for $1.02 million.
The Dollar Tree retail store at Schaad Road and Oak Ridge Highway will now pay rent to its new private owner. Knoxville, a Series LLC of PCD LLC, sold to a local real estate developer for $2.2 million.
Lovell Pointe Partners LLC sold 6.53 acres of undeveloped land behind Gus’s Fried Chicken at 120 Lovell Road. Echelon Knoxville LLC purchased the land for $3 million.
TownePlace Suites at Cedar Bluff was the most expensive property to change hands. Apple Ten Hospitality Ownership Inc. sold the hotel at 205 Langley Place to Strong Hospitality LLC for $9.35 million.
The year-to-date comparison chart has been updated through December 6, 2024.
Our FREE gift to you this Christmas season is peace of mind regarding your property. Sign up for the Property Fraud Alert program that is in place for all Knox County homeowners. It is free and easy! Just go to: here, follow the prompts and you’ll be enrolled. You’ll receive a notification email if anything is recorded in your name.
Have a great weekend! – Nick
Nick McBride is register of deeds for Knox County.
