Anthony P. Cappiello Jr. bought the former Highway Patrol station across from West Town Mall for $2.1 million.
During the week of June 5-9, 2023, 1,275 documents were registered in our office. Included in the total recordings were 282 Trust Deeds (loans) with a value of $310.8 million. The highest loan of the week was funded by Home Federal Bank for a total of $3.04 million. Home Federal had a second showing on the list of largest loans in the amount of $1.01 million. First-Citizens Bank & Trust Company funded $2.3 million, People’s Bank of the South had a loan for $1.69 million, and Truist loaned $1.41 million.
The combined value of the 203 Warranty Deeds (property transfers) for the week was $90.47 million. A total of nine properties with price tags over $1 million were recorded, but only two were commercial transactions.
The most expensive of these was between the state of Tennessee and Anthony P. Cappiello Jr. The former Highway Patrol station across from West Town Mall went for $2.1 million.
In the second sale, Schubert Construction LLC sold 5 parcels, 7919-7933 Westland Drive, to Westland Development Group LLC for $1.25 million.
The three-year comparison chart has been updated as of last Friday. Although the quantity of Trust Deeds (loans) has decreased 53%, the values have only dropped 23%. Thirty percent fewer transfers have been recorded than in 2021, but the value difference is less than 1%. We are still seeing newcomers from other areas and more housing is still being built – continuing to prove that Knox County is a great place to live!
All you need is an email address to protect your property from fraud in Knox County. Clicking on this link will take you to the website: https://alertme.knoxrod.org. Follow the prompts to register your name. If documents are recorded in your name or the name of your business, you will receive an email notification which will enable you to determine if it was a fraudulent transaction.
Please note that our office will be closed on Monday, June 19, in observance of Emancipation Day.
Have a great weekend! – Nick
Nick McBride is register of deeds for Knox County.