I hope you had a chance to get over to the Tennessee Valley Fair this past week; it’s such a great tradition! During the week of September 11-15, 1,340 documents were recorded. 286 Trust Deeds (loans) with a total value of $218.95 million. Nine loans had values over $1 million. Citizens National Bank funded the largest loan of the week in the amount of $17.4 million, and CBBC funded three loans over a million dollars.
Last week, there were 208 property transfers totaling $82.9 million. Of these, seven were priced at $1 million or more, including two commercial transactions. Turner Homes LLC sold five townhomes in the Snowmass subdivision to Sugarland WAK LLC for $1.33 million. This neighborhood is located on Thomas Road, just off East Emory.
The highest-value property transfer is a neighborhood bordering I-40 in Farragut – talk about convenience! S&E Enterprises LLC sold 80 lots, along with additional property, to D. R. Horton for $6 million. Each of the lots is 60-feet wide and sold for $75,000. They will be used in Phase One of the new Sonesta Subdivision.
The three-year comparison has been updated as of Friday the 15th.
Check out our newly designed website for information about top lenders, recording statistics and weekly real estate transfers. You can also easily request a copy of a deed, sign up for our subscription service, and sign up for the Property Fraud Alert program that is in place for Knox County homeowners. Just visit https://rod.knoxcounty.org.
Have a great weekend! – Nick
Nick McBride is register of deeds for Knox County.