The offer to purchase must meet or exceed the sale price.
Price
$192,000.00
Total Acreage
5.3500
County
COMAL
Tract Number
14834
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 510, Mystic Shores, Unit 4. Deed Dated: 7/5/20017 #200706036085. Tax ID#: 102495 Lat/Long: N29° 56' 23.28"/W98° 18' 49.68"
Tract Dimensions
A= 788.92 B= 537.20 C= 1009.33 D= 59.83
Location
In Spring Branch at the intersection of Hwy 306 & Hwy 281 go east on Hwy 306 for 5.6 miles to Mystic Parkway, turn left on Mystic Parkway and go 0.25 of a mile to Red Rose Street, turn right on Red Rose and go 0.4 miles to the end of the cul-de-sac and the Subject is on the left. Per Comal CAD address is 585 Red Rose St., Spring Branch, TX, 78070. Tract is in a flood plain. The maximum loan amount offered through the VLB Land Loan Program may not exceed $150,000.00.
Account Number
162954
Contact
VLB
1700 N. Congress Ave. Suite 810
Austin, TX 78701
800-252-8387
512-463-5060
vlbinfo@glo.texas.gov
