Last week started with the final day of June and ended with Independence Day on Friday, July 4. These factors combined to make a very busy week for our office and the real estate community. We recorded 1,411 deeds in total, 16 more than the week prior, in just a four-day work week. This included 334 loans, or trust deeds, and 281 property sales recorded on warranty deeds.

There are many happy bankers this week as the 334 loans had a combined value of $178.65 million. That is over $50 million more in value captured in only 16 additional deeds. Topped by a $41 million loan from Delaware Life Insurance Company, there were 20 loans over $1 million! Protective Life Insurance Company loaned $9 million, 1st Source Bank $8.13 million, and one private mortgage was recorded at $4.1 million.

On the sales side of real estate, last week’s 281 warranty deeds had a combined value of $129.75 million. Nineteen were priced at over $1 million. However, only three of those were commercial transactions.

Helping Mamas Knoxville

Proffitt Properties recorded the most expensive deal of the week in the Karns community. The 6-acre parcel and building at 6975 Karns Crossing Lane were sold to GLES Partners for $4.1 million.

Next on the list, a private party sold 13 rental houses to PC Investment Properties LLC for $2.25 million. The third commercial property is located just off Lovell Road and is currently occupied by the non-profit organization Helping Mamas Knoxville. Knox C-Store Pro LLC sold the building to Sims Property Group for $1.33 million.

The year-to-date comparison chart has been updated as of July 4, 2025:

To recap June 2025, we recorded a total of 6,104 documents. There were 1,409 trust deeds valued at $610.67 million. Delaware Life Insurance Company led all lending with a $41 million loan from last week, followed by a $30.48 million loan from Colliers Mortgage LLC. Four others exceeded $10 million: Midcap Financial Trust with $23.98 million, JP Morgan Chase with $17.2 million, CBRE Multi-family Capital with $14.5 million, and Commercial Bank with $11.74 million. Additionally, there were 71 other loans over $1 million.

Over 1,000 properties changed hands in June – 1,093 to be exact. Coming in as the most expensive transaction was MM Mockingbird Meadows LLC. They purchased lots and common areas in Mockingbird Meadows, a neighborhood of rental homes on East Emory Road, for a cumulative $22.7 million.

St. John’s Cathedral made the second largest purchase – the parking lot on the corner of Walnut Street and Clinch Avenue, for which they paid $10.6 million. The third most expensive property was Cedar Ridge Holdings LLC’s purchase of the Cedar Ridge office building on Cedar Bluff Road for $10.5 million.

If you haven’t already signed up for the FREE Property Fraud Alert program offered to all Knox County property owners, now is a great time to do so. Visit https://alertme.knoxrod.org and follow the prompts to enroll. If documents are recorded in the names you register, you will receive an email notification, allowing immediate action if necessary.

Have a great weekend!        –  Nick

Nick McBride is register of deeds for Knox County.

On the Grow is sponsored by Hallsdale Powell Utility District.

Follow KnoxTNToday on Facebook and Instagram.  Get all KnoxTNToday articles in one place with our Free Newsletter.