The offer to purchase must meet or exceed the sale price.
Price
$34,000.00
Total Acreage
1.0000
County
Ector
Tract Number
14927
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
1.00 Acre, Being out of Section 18, Block 45, T-1-S, T&P RR Co Survey, Abstract 1276; Substitute Trustee's Deed field 4/17/2024 Inst# 2024-00006542, 31°54'54.10"N 102°45'52.49"W.
Tract Dimensions
A=217.79' B=200.05' C=217.79' D=200.00'
Location
Located approximately one-half of a mile west of Notrees, Texas on the South side of SH 302. CAD Parcel ID: Parcel 41280.00070.00000 & 41280.00060.00000. Tract is not in a flood plain. Personal property on tract at time of inspection is not TVLB property.
Account Number
227749
Contact
VLB
1700 N. Congress Ave. Suite 810
Austin, TX 78701
800-252-8387
512-463-5060
vlbinfo@glo.texas.gov
