Condos, commercial property are top sales

Nick McBrideOn the Grow

We hope everyone had a great Thanksgiving filled with good food and a little extra rest, but most importantly time spent with family and friends. It’s hard to believe tomorrow is the first of December, but the Register’s office is decked out and ready for the Christmas season!

Nick McBride

Our staff has been wearing their elf shoes for weeks preparing for our Christmas breakfast next Tuesday, December 5. If you are downtown early in the morning, stop by the office for a biscuit and some apple cider or coffee. We will be serving from 7:30-9:30 a.m. and would love to see you.

Last week’s three-day workweek brought in 850 documents for recording: 194 of those were loans and 170 were property sales. The aggregate value of those 170 property sales was $68.69 million. Ten properties transferred at $1 million or greater, yet only three of those were commercial.

The highest value sale of the week was for 21 condo units in Olde Colony Village off Ebenezer Rd. Liberty Holdings LLC sold the condos to BSE Cedar Bluff Townhomes Investor LLC for $3.24 million.

McScrooge’s Wine & Spirits at 307 N Peters Road was another West Knoxville property on the list. Owned by Alsheim LLC since 1992, the property was sold to Ram Venture Group for $3.23 million. This doesn’t mean that the business is going anywhere, but that it has simply changed ownership.

The vacant property next to Mayo on Emory Road sold for $1.3 million

The last high-value property transfer is on East Emory Road in Powell. The currently undeveloped lot next to Mayo Garden Center was sold by Huber Properties LLC. Boghani Properties LLC acquired the parcel for $1.3 million.

The banks were busy those three days bringing 194 loans to record. The total value of property financed was $80.54 million. This included seven loans valued at over $1 million. The largest loan of the week was a whopping $23.7 million obtained from Walker & Dunlop LLC. One Bank of Tennessee had a loan for $3.37 million and Corevest American Lender LLC loaned $3.18. Mountain Commerce Bank funded two on the list, one for $2.75 million and another for $1.3 million. US Bank NA loaned $1.5 million, and Truist closed out the top lending with a loan of $1.1 million.

The three-year comparison chart is up to date as of last Friday.

This holiday give yourself a free gift! The gift of property protection is in the form of our Property Fraud Alert Program which is free to all homeowners in Knox County. Just visit our recently upgraded website to sign up. It’s easy, we don’t send spam of any sort and the only reason you’d hear from us is an email if your name was part of a recorded transaction. Visit us at: where you can sign up for the Property Fraud Alert program, check out sales numbers, and even meet the staff.

Have a great weekend!      –Nick


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