Two properties each sell for almost $5 million
November 21, 2024
The Vols came through against Florida, didn’t they? We’re all hoping for a big win against Bama this Saturday, too.
Last week, 1,153 documents were put on record in Knox County. This includes 285 Trust Deeds (loans) with a combined value of $141.23 million. The largest of 14 high-value loans was $32 million, backed by Citizens National Bank. Bank of Tennessee funded the second and third largest loans, one for $16.99 million, the other for $4 million. The others:
170 Warranty Deeds (property sales) with a total value of $75.6 million were topped by 13 with price tags over $1 million. The week’s most expensive sale is in Farragut where Clayton Properties Group Inc. sold the 59.4-acre tract surrounding the existing Ivey Farms subdivision to Domain Timberlake Multistate LLC for $4.78 million, Phase 2 coming soon!
Also, on the west side of town, an office building off Hardin Valley Road was another high-value sale. Williams Pellissippi Partnership sold the building at 2420 Cherahala Dr. in the Pellissippi Corporate Center to 2420 Cherahala 360 LLC for $3.51 million.
The striking modern building at 6512 Deane Hill Drive also landed on the closing table last week. 6512 Deane Hill Partnership sold the property to 6512 DH LLC for $2.32 million.
In the Halls community, one of the buildings on Regal Lane has been sold. Taylor and Lewis LLC sold 7140 Regal Lane to Brawnco Distribution LLC for $1.22 million. Story here.
In the eastern part of the county at 4600 Asheville Hwy. across from the U.S. Post Office, Knoxville TVA Employees Credit Union purchased the 1.9-acre property from a private party for $1.07 million.
Our year-to-date comparison information is up to date as of Friday, Oct 11, 2024:
Have you had a chance to enroll in the free Property Fraud Alert Program? It’s easy to enroll at: here. You’ll be notified by email if documents are recorded in the enrolled names but will receive no other communication or spam from the system. Tell your friends and neighbors too—this is an easy way to protect your property from fraud.
Have a great weekend and Go Vols! – Nick
Nick McBride is Register of Deeds for Knox County
November 21, 2024
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