In the second week of May, a total of 1,252 documents were recorded. This included 278 Trust Deeds (loans) with an aggregate value of $90.8 million. There were 10 loans valued at one million or more. The largest two were funded by Home Federal Bank; one in the amount of $6.5 million and the second at $5.85 million. The other eight were less than $5 million and are listed below:
Property Transfers accounted for 210 of the recordings last week. The total value of the land on these Warranty Deeds was $76.15 million. This included 9 sales over $1 million. The largest sale of the week was 2 adjoining properties at 809 Willow Ave. Master OZ Willow LLC sold them to a local real estate investor for $4 million.
The second commercial property to change hands at upwards of $1 million was a parcel in West Knoxville just off Middlebrook Pike. TN Telephone Facility LLC sold the property at 3401 Henson Road to Henson LLC for $1.73 million.
Henson Road property
The third and last commercial transfer greater than one million was at 5300 Rutledge Pike. Private investors sold the property to the Lilly Company for $1.1 million.
We’ve updated the three-year comparison of Trust and Warranty Deeds as of Friday, May 12.
Spring is in full swing so you may soon be hosting homeowners’ association and community club meetings. If you need a presenter, I have a lot of interesting facts to share and would be happy to attend. Just give me a call at the office to schedule.
Please join other Knox County property owners who are safeguarding their largest investment by signing up for our FREE Property Fraud Alert program. Once enrolled, you can rest easy knowing that you will be informed right away if anything is recorded in your name, providing you the opportunity to investigate unexpected recordings. Signing up is easy and FREE. Just follow this link or go to http://alertme.knoxrod.org, click on Register Here, then follow the instructions. If you run into any problems signing up, just give us a call and someone will assist you.
Have a great weekend! – Nick
Nick McBride is register of deeds for Knox County.