The offer to purchase must meet or exceed the sale price.
Price
$122,000.00
Total Acreage
2.3500
County
Somervell
Tract Number
14975
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
Lots 145 & 146, Vista Ridge Ranch, Somervell County, Texas, According to the plat thereof recorded under Clerk's File No. 20221236 and Amended under Clerk's File No. 20222486. CAD PID R000106512 & R000106513
Tract Dimensions
A=160.00' B=160.00' C=320.00' D=160.00' E=160.00' F=320.00' G=320.00'
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 Cedar Hill Dr. Turn right Cedar Hill Dr and travel NE then SE for 0.2 miles and the subject will be on the left. Tract is not located within a flood plain. Approximate GPS Coordinates: 32.274666, -97.633344
Account Number
30003003
Contact
VLB
1700 N. Congress Ave. Suite 810
Austin, TX 78701
800-252-8387
512-463-5060
vlbinfo@glo.texas.gov
