Renaissance Terrace sells for $4.35 million

Nick McBrideOn the Grow

The office was closed in recognition of our honored Veterans on Friday. During the four days worked, 1,219 deeds were recorded. 274 Trust Deeds generated more than $82 million. The highest value loan was $8.4 million, funded by Hometrust Bank. The second highest came in at $4.6 million funded by Pinnacle Bank. The other nine loans over a million dollars were:

Property sales were more than $57 million with 141 deeds recorded. Of the eight sales over a million dollars, three were commercial properties. A familiar senior citizen’s assisted living residence on Broadway topped the list of high-value property transfers. The Assisted Living at Renaissance Terrace, previously owned by Senior Citizens Home Assistance, was sold to Summit Capital Ventures LLC for $4.35 million.

In South Knoxville, two adjoining five-acre parcels just past the Weigel’s and Lowe’s shopping area were sold by JDTKNOX LLC. The parcels 270 & 320 W Gov. John Sevier Highway were purchased by R & R Enterprises LLC for$1.81 million.

Our third high-value commercial property is on Old Weisgarber Road. The building at 1319 Old Weisgarber was sold to W&G Class Props by Old Weisgarber LLC for $1.37 million. Renovations have already begun.

The three-year comparison chart has been updated. We’re still going strong!

If you haven’t had a chance to sign up for the FREE Property Fraud Alert Program, take a few moments to do so. Just visit https://alertme/ or follow this link and click on Register Here. Follow the prompts and sign yourself up for some peace of mind. We never send out any notifications unless something has been recorded in your name or your address, then you will be alerted via email. Peace of mind means a lot.

Please take note that our office will be closed Thursday and Friday, November 24-25, for the Thanksgiving holiday. I have much to be thankful for: my family, my staff and the honor of serving the residents of Knox County. I hope you all have a wonderful Thanksgiving!

Nick McBride is register of deeds for Knox County.


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