WaterfrontLake Access, Lake Front, River, Water Access
ViewMountain(s), Lake, Other
MLS #1245062
Lot Size767.00 Acres
StatusActive
About New Union Rd
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 Details
Exterior Features
Exterior Information:
Waterfront: Lake Access, Lake Front, River, Water Access
View: Mountain(s), Lake, Other
Lot Features
Lot Information:
Lot: Waterfront, River, Rolling/Hilly, Wooded, Irregular Lot
Lot Size: 767.00 Acres
Other
Directions Information:
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.
Price Information
Listing Price Info
Price Summary:
List Price: $3,900,000
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Housing Market Comparison
See how this home compares to others in Dayton, TN.
This property is $3.6M more than the Median Sold Price in Dayton, TN.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: East Tennessee REALTORS® MLS
MLS Number: #1245062
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.
The Knoxville Area Association of REALTORS® Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.
Information deemed reliable but not guaranteed. This information is updated daily, 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.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Frazier Elementary School
3900 Double S Rd
Distance between this listing and this school2.60 miles
Public District Grades KG-5
7
/10
Meigs South Elementary School
9638 State Highway 58 S
Distance between this listing and this school4.06 miles
Public District Grades PK-5
5
/10
Rhea Central Elementary School
1005 Delaware Ave
Distance between this listing and this school6.21 miles
Public District Grades KG-5
Nearby Schools
5
/10
Dayton City Elementary School
520 Cherry St
Distance between this listing and this school5.33 miles
Public District Grades PK-8
4
/10
Rhea Middle School
405 Pierce Rd
Distance between this listing and this school9.41 miles
Public District Grades 6-8
6
/10
Meigs Middle School
586 N Main St
Distance between this listing and this school9.51 miles
Public District Grades 6-8
Nearby Schools
7
/10
Meigs County High School
105 Abel Ave
Distance between this listing and this school8.98 miles
Public District Grades 9-12
5
/10
Rhea County High School
885 Eagle Ln
Distance between this listing and this school9.58 miles
Public District Grades 9-12
7
/10
Sale Creek Middle - High School
211 Patterson Rd
Distance between this listing and this school10.76 miles
The neighbors living near this home have an average income of $41,631. The majority of Dayton, TN residents have income between $35k-100k annually. The most common type of family is married, no kids. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About New Union Rd
What is the listing price of this property?
The listing price of New Union Rd property is $3,900,000.
What type of property is this?
The property New Union Rd is land located in Dayton, Tennessee, 37321.
Is this property for sale now?
Active Listing: New Union Rd is For Sale (Active/New) which means the seller is accepting offers.
When was this property sold last time and for how much?
The last sale was on September 21, 2021 for $139,900. (source: MLS/tax record).
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This home is located at New Union Rd in Dayton, TN and zip code 37321. This home sits on a 767.00 acre lot. It has been listed on Rocket Homes since November 07, 2023 and is currently priced at $3,900,000.
In March 2024 more than 1 listings in Dayton, TN were sold above the asking price. During the same period more than 8 listings were sold at asking price, while more than 7 were sold below. The number of homes for sale in Dayton, TN increased by 22.2% between February 2024 and March 2024. The median list price of listings available in March 2024 was $297,500, while the average time on the real estate market was 39 days.
From Rocket Homes Real Estate and based on county public records data.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms. 
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