New Union Road, Dayton, TN 37321 (MLS# 1245062)

New Union Road, Dayton, TN 37321

$350,000

Property Type: Lots & Acreage Lot Size (sq. ft.): 33,410,520 Status: Closed

Current Price: $350,000 List Date: 11/06/2023 Last Modified: 8/23/2024

Overview

Description

Lake Chickamauga Frontage and Views AFM Real Estate is pleased to present the New Union Tract located in southern Rhea County, TN. The southern boundary of New Union adjoins +/-8,000 feet of TVA Chickamauga Lake frontage. The 767-acre tract has high development potential with over 4,700 feet of double frontage on New Union Road with property located on both sides of the paved frontage. Electricity, water, and telephone are the noted utilities on New Union Road. The gentle topography makes the tract highly accessible and usable. The tract is subject to Restrictive Covenants, Reservation and Easements set forth in the deeds from the United States of America conveying TVA parcels XCR-177 and XCR-178. These covenants contain certain residential building set back restrictions on 160 acres of the land adjacent to the water. Language in the deed allows for water use facilities, subject to TVA approval. Seller and seller’s agent make no representations or guarantees as to any approvals on any applications. Buyers should contact TVA as to any specific information regarding such permits for lake access. Maps can be provided showing approximate setback boundaries. The property has been owned for decades by a forest products company. The primary use of the land was growing timber for the paper mill in Calhoun Tennessee. The forest cover on the tract ranges from merchantable pine pulpwood to young pine plantations. There is also a significant portion of natural hardwoods. This diverse forest provides natural beauty, recreational opportunities, and income potential for a future owner. East Tennessee is growing rapidly. New housing is being built in the area near the tract and the local Rhea County Airport is about one mile from the tract. Good county and state roads connect the tract to Dayton, which is 7 miles from the northwest border. Dayton has a wide range of retail opportunities and any necessities of life a resident would require. This tract is less than an hour’s drive North of Chattanooga, TN.

Listing Details MLS# 1245062

Location Tax Legal Info

Street Name: New Union Road
State/Province: TN
Zip Code: 37321
PIN #: 104 016.00

Contract Info

Auction Y/N: No
Listing Price: 3900000

General Property Description

Lot Dimensions: 1000
Acres: 767
Acre Source: Owner
Restrictions: No
Property Status: N/A

Status Change Info

Status Change Date: 2024-08-19
Under Contract Date: 2024-06-10
Sold Date: 2024-08-16

Location, Tax & Legal Info

Area: Rhea County – 42
City/County Code: County
Total Tax: 2689.98

Remarks & Misc

Directions: From the intersection of HWYs 27 and 30 in Dayton TN head east on HWY 30 3.4 miles, turn right on New Union Road 0.8 miles, turn right on New Union Road 3.4 miles and tract is on both sides of the road.
Public Remarks: Lake Chickamauga Frontage and Views AFM Real Estate is pleased to present the New Union Tract located in southern Rhea County, TN. The southern boundary of New Union adjoins +/-8,000 feet of TVA Chickamauga Lake frontage. The 767-acre tract has high development potential with over 4,700 feet of double frontage on New Union Road with property located on both sides of the paved frontage. Electricity, water, and telephone are the noted utilities on New Union Road. The gentle topography makes the tract highly accessible and usable. The tract is subject to Restrictive Covenants, Reservation and Easements set forth in the deeds from the United States of America conveying TVA parcels XCR-177 and XCR-178. These covenants contain certain residential building set back restrictions on 160 acres of the land adjacent to the water. Language in the deed allows for water use facilities, subject to TVA approval. Seller and seller's agent make no representations or guarantees as to any approvals on any applications. Buyers should contact TVA as to any specific information regarding such permits for lake access. Maps can be provided showing approximate setback boundaries. The property has been owned for decades by a forest products company. The primary use of the land was growing timber for the paper mill in Calhoun Tennessee. The forest cover on the tract ranges from merchantable pine pulpwood to young pine plantations. There is also a significant portion of natural hardwoods. This diverse forest provides natural beauty, recreational opportunities, and income potential for a future owner. East Tennessee is growing rapidly. New housing is being built in the area near the tract and the local Rhea County Airport is about one mile from the tract. Good county and state roads connect the tract to Dayton, which is 7 miles from the northwest border. Dayton has a wide range of retail opportunities and any necessities of life a resident would require. This tract is less than an hour's drive North of Chattanooga, TN.

More Information

Property Sub-Type

Lake Front: Yes
Recreational: Yes
Rural: Yes
Single Family: Yes
Waterfront Access: Yes

Topography

Level: Yes
Rolling: Yes
Steep: Yes

Road Access

Public Road: Yes

Road Frontage

County: Yes
Paved: Yes
Private: Yes

Sale Options

Fee Simple: Yes

Improvements

Utilities on Site: Yes

Lot Description

Irregular Lot: Yes
Lake/Water Access: Yes
Man-Made Lake: Yes
River: Yes
Waterfront: Yes
Wooded: Yes

Easements

Agricultural Rights: Yes
TVA Flowage Easement: Yes

View

Country Setting: Yes
Lake View: Yes
Lakefront: Yes
Mountain View: Yes
Seasonal Lake View: Yes
Seasonal Mountain View: Yes

Community Amenities

Other – See Remarks: Yes

Documents on File

Restrictions: Yes
Topography Map: Yes

Developmnt Potential

Farm: Yes
Multi-Family: Yes
Recreational: Yes
Subdivision: Yes

Utilities Available

Electricity: Yes
Telephone: Yes
Water: Yes

Zoning

Zoned Agricultural: Yes

Present Structures

None: Yes

New Financing

Other: Yes

Property Features

Property Sub-Type: Lake Front; Recreational; Rural; Single Family; Waterfront Access Topography: Level; Rolling; Steep Road Frontage: County; Paved; Private Road Access: Public Road Sale Options: Fee Simple Improvements: Utilities on Site Easements: Agricultural Rights; TVA Flowage Easement Community Amenities: Other – See Remarks Lot Description: Irregular Lot; Lake/Water Access; Man-Made Lake; River; Waterfront; Wooded View: Country Setting; Lake View; Lakefront; Mountain View; Seasonal Lake View; Seasonal Mountain View Documents on File: Restrictions; Topography Map Developmnt Potential: Farm; Multi-Family; Recreational; Subdivision Utilities Available: Electricity; Telephone; Water Zoning: Zoned Agricultural Present Structures: None New Financing: Other

Listing Office: AFM Real Estate

IDX

Office Phone: 865-248-8315

Last Updated: August – 23 – 2024

The data relating to real estate for sale on this Web Site comes from the IDX Program of the Knoxville Area Association of REALTORS® Multiple Listing Service. © Copyright 2020 All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. This information is updated weekly, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.