The property at 2045 E Magnolia Avenue, leased to RT Clapp Automotive, was sold for $1.87 million.
What a week! We had a holiday and then snow days, but we finally made it to the office on Thursday (1/18/24). We managed to complete all the waiting work, so I have some data to share with you.
We recorded 255 documents for the week, which included 38 Warranty Deeds (property sales) totaling $14.67 million. There were two sales over $1 million, but only one was a commercial property. That was the transfer of 2045 E Magnolia Avenue which is leased to RT Clapp Automotive. It was sold by NR Auto Store 37 to GTY Auto Service LLC for $1.87 million.
On the lending side of things, 67 Trust Deeds (loans) were received for recording, which had a total value of $14.49 million. Out of these, only one loan worth over one million dollars was recorded. That loan was funded by CMG Mortgage Inc. for $1.1 million.
The four-year comparison chart has been updated through Friday, January 19, 2024.
Please take a moment to visit our recently updated website and sign up for the Property Fraud Alert program. The program is free and available for all Knox County homeowners. You can access the website at https://rod.knoxcounty.org/.
If your HOA or civic group is planning spring meetings and you need a speaker, I would be happy to do a presentation for your group. Feel free to contact me at 865-215-2330