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August 2010 Notable Sales

August 26th, 2010

While we are patiently awaiting a close to the month and hoping for major improvements from July, here are some of the most notable sales we have seen so far this month.

4031 Galloway Drive S sold for $1.69 million on 8/13/2010. This property was foreclosed back in May by Community Bank for $1.7 million. Morris Family Real Estate LLC purchased the property.

6275 Shady Grove E sold on 8/9/2010 for $910,000, 3545 Shea Road sold for $950,000 on 8/18/2010 and 9778 Lipsey Cove sold for $765,000 on 8/11/2010. All of these transactions were non-bank sales.

Drivetime Car Sales Co LLC purchased 2177 Covington Pike on 8/13/2010 from First Tennessee Bank for $1.26 million. The 2-story car dealership was built in 1986 and sits at the southwest corner of Covington Pike and Elmore.

3417, 3435 and 3443 Spotswood Avenue all sold on 8/23/2010 for a total $680,000. University Highlands purchased the properties that were previously foreclosed by InSouth Bank and Sycamore Bank. Click here to read The Daily News Online’s coverage of the sale.

Be informed about notable real estate transactions by subscribing to The Daily News Online’s free email edition of the daily publication. You will be notified each business day about the latest in local real estate, business and legal news.

Know any great speakers that can discuss local/national real estate trends at our 3Q10 Master Your Market luncheon on November 11? Please contact me, wendy@chandlerreports.com.

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