The offer to purchase must meet or exceed the sale price.
Price
$115,000.00
Total Acreage
5.0000
County
Palo Pinto
Tract Number
14935
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
5.00 acres of land being Lot 102, River Bend Ranch Subdivision, Palo Pinto County. Texas. Deed Dated: 8/7/2024 #2024-00004786. Tax ID#: R000567031.
Tract Dimensions
A=444.09' B=512.77' C=608.77' D=307.98' E=96.10'
Location
In Palo Pinto, TX, at the intersection of US 180 and FM 4, travel south on FM 4 for 5.5 miles to New Hope Rd. Turn left on New Hope Rd and travel E 2.0 miles to Shelby Ranch Dr. Turn left on Shelby Ranch Dr and travel N for 0.6 miles. The subject will be on the left at the SWC of Shelby Ranch Dr and Shelby Way. Tract is not in a flood plain. Lat/Long N32° 42' 41.20", W98° 14' 7.70".
Account Number
237905
Contact
VLB
1700 N. Congress Ave. Suite 810
Austin, TX 78701
800-252-8387
512-463-5060
vlbinfo@glo.texas.gov
