Will Pero’s stay Pero’s? Hmm
October 3, 2024
Happy 2023! I hope you had a good holiday season and that 2023 is your best year yet.
During the last week of December (we were closed on Monday), 1,027 documents were recorded. 190 property transfers with a total of $68.3 million were recorded before the year-end, including four with price tags topping a million dollars.
Two transfers were commercial properties. In the Cedar Bluff community, the Big O Tires property at 1015 Old Cedar Bluff Rd had a price of $2.38 million. The sale by Dallas Petro LLC to Connecticut Avenue Holdings LLC took place on Dec 29.
The other property is a little farther west, on Lexington Drive. PRT Properties now owns 10421, 10416 and 10417 Lexington Drive, all purchased for $7.2 million.
The 249 loans recorded from Dec 27-30 came in with a total of $71.9 million. The largest amount loaned came from Citizens National Bank for $4.35 million. There were four other loans topping a million dollars:
Lender | In Millions | Lender | In Millions |
---|---|---|---|
First Horizon Bank | $1.0 | Barnes Capital Management LLC | $1.25 |
TNBANK | $1.2 | Pinnacle Bank | $2.64 |
In December the office recorded 5,519 deeds. 1,274 were loans with a value of $643.9 million, and 944 were property transfers valued at $496.1 million.
The three-year comparison landed on the last workday of the year. I believe 2021 is going to be a hard year to beat, but 2022 came in a very close second! It just proves what I’ve always known, Knox County is a great place to live!
January 1 – December 31 | |||||
---|---|---|---|---|---|
Trust Deeds | Warranty Deeds | ||||
Year | Quantity | Value | Quantity | Value | |
2020 | 26,462 | $7,147,528,808.70 | 14,279 | $4,337,050,362.16 | |
2021 | 29,170 | $8,995,697,191.30 | 15,529 | $5,973,923,989.19 | |
2022 | 20,730 | $7,679,698,739.13 | 13,517 | $6,034,796,943.24 |
Other statistics for 2022:
Here’s to a happy and healthy 2023! Nick.
Nick McBride is register of deeds for Knox County.
October 3, 2024
September 26, 2024
September 19, 2024