The end of March is quickly approaching, spring has arrived, and we are ready for some warmer weather! Last week we recorded a total of 1,636 documents, down by 200 documents from the previous week, but that’s still a good amount considering last week was spring break for Knox County schools.
Nick McBride
Of the 158 deeds we recorded, two were commercial real estate transfers over $1 million. The total value of these 158 deeds came to $87,798,648. The highest value property transfer included 24 different residential properties. Richey Properties, LLC sold the properties to Paradox Enterprises, LLC for $6.45 million dollars. The second commercial property to change hands for more than $1 million was 10533 Murdock Drive. This is currently undeveloped property where Murdock Drive and Dutchtown Road meet. Vision Investment Partnership et al, sold the 13-acre property to Lexington-Simmons, LLC for $1.71 million.
The number of loans we recorded last week came to 427 which isn’t bad! The grand total of all the loans was over $119 million. Of those, 13 were for more than 1 million, with the largest loan obtained from Mountain Commerce Bank for $4.5 million. There were three loans in the $2 million dollar range—Bank Five Nine funded $2.9 million, TN Bank $2.7 million, and Mountain Commerce Bank $2 million.
The other banks with loans over $1 million were:
The first three months of 2022 look good, as far as monetary totals, even with fewer deeds recorded than 2021. I would think the limited inventory of homes on the market for sale is the reason for the small decrease in quantity of last year.
Our website now includes a Fee Calculator tool for your convenience. If you need to know the cost to file a deed go here, enter your specifics, and receive an estimated cost. There is a great deal of other information available to you on the website as well. You can see the top lenders, print a copy of a lien release, and see the past year’s trends.
Do you need a speaker for a club meeting, a homeowner’s meeting, or a civic gathering? If so, I still have a few dates available in March and April. Feel free to give me a call at the office (865) 215-2330 to schedule a time.
Have a great weekend!
Nick McBride is register of deeds for Knox County.