Will Pero’s stay Pero’s? Hmm

The staff of the Register’s office extends our sympathies to those affected by last week’s flooding – what an unimaginable tragedy. We pray that those afflicted will quickly receive the help they need to recover.

Last week (Sept 23-27) 296 loans were among the total 1,302 documents recorded. The loans had a combined value of $16.17 million. The largest of the loans, making up a quarter of the total value at $41.34 million, was backed by Newpoint Real Estate Capital LLC. There were two others with values over $10 million: Crestline Direct Finance LP loaned $28.5 million, and Pathway Lending CDE II LLC financed a loan for $10.21 million.

The other eight banks lending $1 million or more were:

Real estate sales added 212 documents to the records. The aggregate value of these Warranty Deeds totaled $82.6 million. Two area neighborhoods are increasing in size with last week’s transfers. Just off Asheville Highway in East Knox County, The Ridge at Neal’s Landing, is now in phase two. D.R. Horton Inc. purchased 20 additional lots in the neighborhood from Mesana Investments LLC for $1.04 million.

The other neighborhood to see growth is in the Hardin Valley community. Hardin Valley Farm Development Inc. sold 18 lots in the Hayden Farms Subdivision (Phase 2) to Smithbilt LLC for $1.33 million.

The third commercial property was the Pero’s on the Hill restaurant in the Rocky Hill community.  The restaurant and parking area at 7706 & 7704 Northshore Drive were sold by BLTN Group LLC to a private party for $1.87 million.

The annual comparison chart has been updated as of September 27, 2024:

October is here and it can be a tricky month. However, you can protect yourself by enrolling in the freeProperty Fraud Alert Program that is available to all Knox County homeowners. The program doesn’t generate any spam so the only time you will hear from us is if a document is recorded in one of the names you have enrolled. Just go here and follow the prompts.  If you get stuck, just give us a call at 865-215-2330.

Have a great weekend and GO VOLS!!    – Nick

Nick McBride is register of deeds for Knox County.