The offer to purchase must meet or exceed the sale price.
Price
$170,000.00
Total Acreage
3.7780
County
Somervell
Tract Number
14972
A Veteran or Military Member or a non-veteran whose bid is accepted may apply for a VLB Land Loan:
- Veteran Interest rate: 7.25% and a 30-year term;
- Non-Veteran Interest rate: 8.25% and a 30-year term;
- The VLB will finance up to 95% of the minimum bid or $200,000, whichever is less. Any amount offered over minimum bid or more than $200,000, must be paid at closing by the awardee.
- Minimum 5% down payment.
- The maximum loan amount is $200,000. If two eligible Veterans who are spouses want to buy the same land together, they can borrow up to $275,000.
- Some land tracts (called FLS tracts) can be removed from the sale at any time by the Veterans Land Board. This means not all land will always be available.
Legal Description
3.778 Acres, Lots 42, 43, 44, Vista Ridge Ranch, Somervell County, Texas. Deed dated 7/7/2025, #20251300. Lot 42 Tax ID#: R000106409. Lot 43 Tax ID#: R000106410. Lot 44 Tax ID#: R000106411, R000106410 & R000106411.
Tract Dimensions
a=429.44' b=58.90' c=71.11' d=91.28' e=221.53' f=428.81' g=30.00' h=35.75' i=142.76' j=130.00' k=431.59' l=418.26'
Location
From the intersection of FM 199 and CR 407 in Nemo, TX, travel east on CR 407 for 1.2 miles to CR 407A. Turn left on CR 407A and travel NW 0.6 miles to Creek Crossing Rd. Turn left on Creek Crossing Rd and travel SW then NW for 0.6 miles and the subject will be on the left. Tract is not in a flood plain. Lot 42 address: 1113 Creek Crossing Rd, Nemo, Texas 76070. Lot 43 address: 1117 Creek Crossing Rd, Nemo, Texas 76070. Lot 44 address: 1121 Creek Crossing Rd Nemo, Texas 76070. GPS Coordinates: 32.272108, -97.641924.
Account Number
30002804
Contact
VLB
1700 N. Congress Ave. Suite 810
Austin, TX 78701
800-252-8387
512-463-5060
vlbinfo@glo.texas.gov
