North, east and west post largest sales

Nick McBrideOn the Grow

The office was busy recording 290 Warranty Deeds and 379 Trust Deeds during the first week of October. Warranty Deeds had a total over $121 million; 14 of those were properties valued at more than a million dollars including three commercial properties.

Nick McBride

The most valuable transaction was for a small apartment complex on Tazewell Pike in the Fountain City area. Eduardo Bertoli sold the Briarwood Apartments at 3305 Tazewell Pike to Marlow Briarwood LLC for $4.6 million.

Another multi-family dwelling was among the high value properties. This one includes a triangular parking lot and sits on the corner of W Magnolia Ave and W Depot. The Whist Court Apartment building located at 417 W Depot Ave. was sold by Depot Properties Inc to Triangular J Ventures LLC for $1.8 million.

Whist Court Apartments, Depot Street at Magnolia, sold for $1.8 million

DCB Capital LLC is the new owner of 13 homes in East Knoxville, most on East Fifth but all in the same neighborhood. DCB purchased the properties from a private trust for $1.97 million.

A property in Farragut has changed hands for the second time in two months. Lemonade MM Knoxville Farragut LLC purchased the former BB&T Bank building at 11140 Kingston Pike in July. Last week, Lemonade MM Knoxville Farragut LLC sold the building to Home Service Corporation for $1.9 million.

Former BB&T Bank on Kingston Pike sold for $1.9 million

The 379 Trust Deeds had a total over $169 million with three lenders funding jumbo loans last week. Greystone Servicing Company LLC lent $24.7 million, Walker & Dunlop LLC funded $18.85 million, and Arbor Agency Lending LLC lent $18.4 million. The other lenders with million-dollar loans were:

I’ll say it again this week, the three-year comparison below still looks good, despite the rising interest rates.

Don’t forget, our office has developed a FREE Property Fraud Alert Program. Find out more about the program and register on our website: https://knoxcounty.org/register/

If you’re in need of a speaker for a luncheon, dinner, or community event, I have good information which I am happy to share with your group. Give me a call at the office, 865-215-2330, to discuss dates and times.

Good luck to our VOLS this weekend. The staff and I will be decked out in orange. GO VOLS!

Nick McBride is register of deeds for Knox County.

 

Leave a Reply

Your email address will not be published.