The offer to purchase must meet or exceed the sale price.
Price
$143,000.00
Total Acreage
3.2500
County
Medina
Tract Number
14929
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
Lot 30, Summit Ridge, Unit 1. Deed dated 7/3/2024, #2024006015. Tax ID#: 76326.
Tract Dimensions
A= 132.64' B= 366.58' C= 423.16' D= 146.01' E= 493.59'
Location
From the intersection of FM 1283 with FM 471 located southeast of Mico and northeast of Rio Medina in the northeastern part of Medina County, head northwest on FM 1283 for 4.8 miles to the entrance to Summit Ridge Subdivision on the right which is PR 2771. Turn right on PR 2771, through locked gate and head north a total of 0.72 miles and the Subject property will be on the left. Tract is not in a flood plain. Call 1-800-252-8387 for Gate code. GPS Coordinates: 29.550754°, -98.885081°
Account Number
235869
Contact
VLB
1700 N. Congress Ave. Suite 810
Austin, TX 78701
800-252-8387
512-463-5060
vlbinfo@glo.texas.gov
