Scripps Media property tops transfers

Nick McBrideOn the Grow

July 1 has quite the history. July 1, 1863, was the first day of the Battle of Gettysburg during the Civil War. The battle lasted three days, resulting in more casualties than any other battle. But it is also considered the turning point in the war.


Some other random historical information that might interest you: On this day in 1943, Federal Income Withholding was implemented, and, in 1963, five-digit ZIP codes were launched by the U.S. Postal Service.

At our office in 37902, the last week of June was a busy one. And, as is the norm, more loans were recorded than property transfers. The 306 property transfers totaled $75.5 million, and there were 393 loans recorded for a total of $95.9 million.

A $2.2 million property transfer between Scripps Media Inc. and SummitMedia LLC was the largest of the week. This property is on Amherst Road in West Knoxville.

The largest loan recorded was $6.1 million taken out by Grassy Creek LLC from Smartbank for commercial development of property on the corner of Schaad Road and Oak Ridge Highway. This property is slated to have restaurants, retail and self-storage, according to the daily paper.

June was a busy month with a total of 1,265 property transfers totaling $360.6 million, and mortgage activity was also busy. The 1,557 loans in June surpassed the May number by $28 million with a total of $528.1 million. The increasing trends are great news for Knox County!

Nick McBride, Knox County Register of Deeds, provides a weekly transfer report for KnoxTNToday readers.

Leave a Reply

Your email address will not be published. Required fields are marked *