During the second week of July 2023, the office recorded 1,344 deeds including 301 Trust Deeds (loans) and 236 Warranty Deeds (property sales). The total loans were valued at $95.95 million and included 10 loans over one million dollars. The largest loan obtained was funded by Truist Bank for $7.5 million. The other nine came in under $4 million:
236 property transfers came to $96.71 million. Of the eight sales over $1 million, five were for commercial properties ranging from $1 million to $5.48 million.
The Annor Academy on Foxvue Rd has obtained a 6.3-acre property that abuts its current campus property. A private trust sold the property to The Islamic Education Foundation of Knoxville (IEFK) Inc. for $6 million.
Another million-dollar property was 19 combined tracts of land just off N Central on W Morelia Ave. Cleghorn Properties purchased the metal yard business one year ago for $850,000 and sold it last week to 225 W Morelia Partners for $1.21 million.
The property and buildings behind the Surin of Thailand Restaurant at 6215 Kingston Pike was another sale recorded last week. Anthony Cappiello Jr. sold the property to Kingston 6215 LLC for $1.75 million.
The sale of a 3.57-acre lot at 1811 Commons Point Dr. in west Knoxville closed last week as well. The College and University Professional Association for Human Resources sold the parcel to Gibson Ventures LLX for $2.65 million.
The most expensive property on the list is also the most visible – the property of Cheddar’s Scratch Kitchen, 8390 Kingston Pike, was sold by CH Knoxville Tennessee Landlord LLC to FCPT Holdings LLC, a Delaware company, for $5.48 million.
The three-year comparison chart has been updated as of July 14.
It’s time to sign up for our free Property Fraud Alert Program: the process is easy. Just visit this website https://alertme.knoxrod.org and follow the prompts. You will then be notified via email when a document is recorded with your name. If it is an unexpected recording, this will give you an opportunity to act quickly.
Have a great weekend! – Nick
Nick McBride is register of deeds for Knox County.Cheddar’s on Kingston Pike sells for $5.48 million