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

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.

More Information MLS# 1245062

Location, Tax & Legal Info

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

Contract Info

Auction Y/N: No Listing Price: 3900000 Current Price: $350,000 Status: Closed Listing Date: 2023-11-06

General Property Description

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

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.

Property Sub-Type

Lake Front: 1 Recreational: 1 Rural: 1 Single Family: 1 Waterfront Access: 1

Topography

Level: 1 Rolling: 1 Steep: 1

Road Access

Public Road: 1

Road Frontage

County: 1 Paved: 1 Private: 1

Sale Options

Fee Simple: 1

Improvements

Utilities on Site: 1

Lot Description

Irregular Lot: 1 Lake/Water Access: 1 Man-Made Lake: 1 River: 1 Waterfront: 1 Wooded: 1

Easements

Agricultural Rights: 1 TVA Flowage Easement: 1

View

Country Setting: 1 Lake View: 1 Lakefront: 1 Mountain View: 1 Seasonal Lake View: 1 Seasonal Mountain View: 1

Community Amenities

Other: 1

Documents on File

Restrictions: 1 Topography Map: 1

Developmnt Potential

Farm: 1 Multi-Family: 1 Recreational: 1 Subdivision: 1

Utilities Available

Electricity: 1 Telephone: 1 Water: 1

Zoning

Zoned Agricultural: 1

Present Structures

None: 1

New Financing

Other: 1

Location Tax Legal Info

Street Name: New Union Road State/Province: TN Zip Code: 37321 PIN #: 104 016.00 Geo Lat: 35.393838 Geo Lon: -85.141935

Status Change Info

Status Change Date: 2024-08-19 Under Contract Date: 2024-06-10 Sold Date: 2024-08-16 Sold Price: $350,000

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 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
Office Phone: 865-248-8315
Last Updated: August - 23 - 2024
New Union Road, Dayton, TN 37321- MLS# 1245062
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