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Public Land Sale - Tract: 14927

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The offer to purchase must meet or exceed the sale price.

Price

$43,000.00

Total Acreage

1.0000

County

Ector

Tract Number

14927

A Veteran or Military Member whose bid is accepted may apply for a VLB Land Loan at a 7.25% interest rate, with a 30-year term and minimum 5% down payment. The VLB will only finance up to 95% of the minimum bid or $200,000 whichever is less. Any amount offered over the minimum bid or $200,000.00 must be paid at closing by the awardee. The maximum loan amount offered through the VLB Land Loan Program may not exceed $200,000. Two veterans who are spouses and are individually eligible to participate in the land loan program and satisfy all program qualification and requirements, may be eligible to apply for a land loan to purchase the same tract of land (minimum of one net acre), and may borrow up to $275,000, with a minimum requirement of five percent down. FLS tracts may be pulled from the sale solely at the discretion of the Veterans Land Board.

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FLS TYPE II Handbook

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

Equal Housing Opportunity