KARM buys second property in North Knoxville

Nick McBrideOn the Grow

October ended mid-week with a total of 5,528 documents recorded for the month. 991 Warranty Deeds were recorded with a total value of $442.7 million. The most expensive piece of property to sell was the $27 million purchase by AS Realty I LLC from Apex Bank of a portion of the former Scripps Network campus. The 1,267 loans had a total value of $443.67 million. The highest loan of the month was funded by Eastman Credit Union for $23 million.

Last week’s total of 1,352 documents included 303 Trust Deeds and 251 Warranty Deeds. Property sales had a combined value of $220.4 million with 12 properties having price tags of over $1 million; two of those were commercial properties.

3508 Maryville Pike

In South Knoxville, the retail center at 3508 Maryville Pike, which is on the corner of Maryville Pike and Apache Trail, was sold by a private party to West Street Capital Partners LLC for $1.25 million.

In North Knoxville, the Hope Church (originally Second Baptist) at 2909 N Broadway has a new owner. Hope Fellowship sold the 4-acre property to KARM Restoration LLC for $2.15 million.

The value of the 303 recorded loans was $144.45 million with five loans more than $1 million. The highest-value loan, funded by Truist Bank, was for $6.75 million. Home Federal backed a $1.87 million loan, Regions $1.24 million, ORNL Federal Credit Union $1.06, and West Street Capital Partners LLC funded a loan for $1 million.

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

Now is the perfect time for you to visit our new website – you can sign up for our FREE Property Fraud Alert Program, view current and past sales data, meet our staff, and even find the cost of filing with our fee calculator. Just visit https://rod.knoxcounty.org/

Please note that the Register’s office will be closed on Friday, November 10, 2023, in observance of Veterans Day. Don’t forget to thank a veteran!

Have a great weekend and Go Vols!

Nick McBride is register of deeds for Knox County.


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