Property sales last week topped $75 million

Nick McBrideOn the Grow

I thought March was supposed to “Come in like a lion and go out like a lamb,” as the old saying goes. This weekend’s weather was much more like a lion than a lamb! Today’s sunshine is nice to see after such a wet weekend.

Last week 2,200 documents were recorded in Knox County. Of those, 596 were new loans and 270 were property transfers.

Nick McBride

Property sales totals for the last full week in March came to a total of $75.19 million. Only one of the 270 deeds was for a commercial property over $1 million. This was the sale of the Spanish Trace apartment complex located on Davenport Rd in South Knoxville. Joe Levitt Jr. sold the property to 2300 Davenport Holding LP for $1.8 million. South Knoxville is experiencing great revitalization!

Last week’s lending total was $140.14 million. The lenders are certainly staying busy with so many people refinancing at today’s low rates. This week four banks funded loans over $1 million:

  • First Horizon Bank – $1.03 million
  • Capstar Bank – $1.46 million
  • Ohio National Life Insurance – $2.0
  • Corevest American Finance Lender LLC – $3.0 million

This month we started an employee spotlight feature on Facebook. Our first month’s employee is Bill Bright, a long-time, dedicated, and awesome employee. Look for another employee spotlight in April, as I plan to feature one employee each month. Please like and follow the page while you’re there.

The Register’s office will be closed on Friday, April 2, in observance of Good Friday. We will reopen at 8 a.m. on Monday. Have a blessed Easter!

In case you don’t already follow my Facebook account please go here.

Nick McBride is register of deeds for Knox County.


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