New Union Road Dayton, TN $ 3,900,000
New Union Road
$ 3,900,000
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New Union Road

Dayton, TN, 37321
$ 3,900,000
Baths0.0

Monthly Estimate*

$ 27,243

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Studio

Lots and Land for sale in Dayton, TN

for $3,900,000. The lot size is 767.

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.

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Lots and Land Active

Price

$ 3,900,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 0

Style

Lot Size

767

Town/City

Dayton

County/Region

Rhea

MLS | Web ID

1245062

Features
Exterior
Lot Features Lake Access Lakefront Man-Made Lake River Rolling Waterfront Access Wooded Irregular Lot
Lot Size Area 767.0
Spa N
Lot Dimensions 1000
Lot Size Acres 767.0
Frontage Type Lakefront
Lot Size Units Acres
Lot Size Source Owner
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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General
View Country Setting Mountain View Seasonal Lake View Seasonal Mountain Other Lake
Topography {u'Steep': True}
County Rhea County - 42
Property Type Lots & Acreage
Garage Y/N N
Status Active
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
City Dayton
Buyer Agent Compensation 1.5000
View Y/N N
Zoning Description Zoned Agricultural
MLS Area Rhea County - 42
Lot Size Square Feet 33410520.0
Carport Y/N N
Street Name New Union Road
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
MLS Area Minor Rhea County - 42
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Buyer Agent Compensation Type %
Senior Community None
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Interior
Basement (Y/N) N
Electric On Property Y/N N
Total Baths 0
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* Excluded Features
List By
Jake Almond

Listing Agent

Afm Real Estate

Broker

jake.almond@afmforest.com

Email

Affordability Calculator

$27,243
Per Month
100%
0%
0%
Monthly Principal & Interest
$27,243
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
694100 Elementary School
694101 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/6/2023$3,900,000 Listed Price

Map


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New Union Road, Dayton, TN, 37321 is a Lots and Land for sale at $3,900,000 with a lot size of 767. New Union Road is a studio with 0.0 baths. The property's zip code is 37321 which is in Dayton, TN