Closing out summer

Last week wrapped up the end of summer and I am excited about the cooler temperatures. During the week of September 18-22, we recorded 1,263 documents. On the lending side of things, 258 Trust Deeds (loans) were recorded with a total value of $62.45 million.

Nick McBride

The largest mortgage of the week valued at $4.1 million was backed by CHC TN LLC. There were two other loans recorded worth over a million dollars. SmartBank backed a loan for $2.94 million and First Bank of Alabama funded a loan for $1.16.

As for property transfers, we recorded 197 Warranty Deeds with a cumulative value of $75.36 million. Six of these were priced at $1 million or more. The most valuable transfer of the week was the Jim Cogdill Dodge property at 8544 Kingston Pike. TN Real Estate LLC purchased the parcel for $5.5 million.

The second largest warranty deed of the week was recorded on Castle Terrace Apartments off of Dutch Valley. The property at 4121 Whistlers Way sold for $4.025 million.

For the last notable transfer of the week, we go back to Kingston Pike to another well-known area in Knoxville. The three parcels consisting of 8808, 8812 and 8814 transferred for a total of $2.6 million. These encompass the land that consists of Line-X of Knoxville, Service King and Knoxville Powersports.

The three-year comparison has been updated as of Friday, September 22.

Check out our newly designed website for information about top lenders, recording statistics and weekly real estate transfers. You can also easily request a copy of a deed, sign up for our subscription service and sign up for the Property Fraud Alert program that is in place for Knox County homeowners. Just visit https://rod.knoxcounty.org.

Have a great weekend!        – Nick

Nick McBride is register of deeds for Knox County.