The offer to purchase must meet or exceed the sale price.
Price
$127,000.00
Total Acreage
1.0000
County
Burnet
Tract Number
14941
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.
Legal Description
Lot 17, Spicewood Trails, Section One, Burnet County, Texas. Deed dated: 11/6/24, #202411514. Tax ID: 113675.
Tract Dimensions
A=165.76' B=263.23' C=165.76' D=262.36'
Location
From Marble Falls, travel south on Highway 281 for 5 miles and then turn left onto Highway 71. Travel for 5.3 miles and then turn left onto Spicewood Trails Drive. Travel for 0.4 miles and the subject will be on the left. Tract is not in a flood plain. GPS Coordinates: 30.488807 -98.203474
Account Number
226592
Contact
VLB
1700 N. Congress Ave. Suite 810
Austin, TX 78701
800-252-8387
512-463-5060
vlbinfo@glo.texas.gov
