SOURCE: William Lyon Homes

William Lyon Homes

January 23, 2012 19:09 ET

At Magnolia Lane by William Lyon Homes, Good Things Come in Threes -- Location, Price and Value

ELK GROVE, CA--(Marketwire - Jan 23, 2012) - The best of everything is waiting for buyers at Magnolia Lane -- the Elk Grove location they love and new home values to make dreams come true. From plenty of growing room to a cherished town and great prices that bring it all home, now is the time for families to find their next home exactly where they want to be. With prices from the mid $200,000s and historically low interest rates available, buyers who act quickly can choose from a limited selection of floorplans ready for a quick escrow or a spring 2012 move at this William Lyon Homes neighborhood.

"A majority of our buyers are currently renting in the local area and their top priority for homeownership is living in Elk Grove. Magnolia Lane has benefited from positive word of mouth about its low price point, which is quite favorable to renters who are ready to own their first home," explained Lesley Pennington, Vice President of Sales for William Lyon Homes. "Another important factor that buyers may want to consider is the flexibility of our completion dates, which currently range from a 30-day escrow to June. For instance, if someone is ready to move sooner than later and prefers the spaciousness of Magnolia Lane's Residence Four, we can accommodate them."

Magnolia Lane's two highly upgraded Residence Four designs come complete with stainless steel appliances, custom interior paint, marble stone shower surrounds and ceiling fan pre-wire. One of the homes showcases a sprawling 8,000 square-foot homesite that includes a large side yard, a great choice for families who enjoy outdoor living.

Buyers who need more time to coordinate their move to Magnolia Lane and who want the freedom to personalize a favorite floorplan can choose from a variety of new home designs for sale that will be ready to welcome them home in June. Select locations include a corner lot, situated across from the green belt.

To accommodate ongoing demand, a new phase is coming soon to Magnolia Lane that will offer a variety of neighborhood floorplans, including the single-story Residence One. To register one's interest and get connected to the upcoming release, log onto www.lyonhomes.com/MagnoliaLane and also stop by the sale gallery for a personal tour of the professionally decorated models.

Magnolia Lane presents one- and two-story floorplans that range from approximately 1,719 to 2,409 square feet, with three to five bedrooms, two to three bathrooms and two-car garages. Every buyer will have the peace of mind that comes with all new appliances, plumbing and electrical systems, state-of-the-art construction materials and long-term builder warranties.

The neighborhood reflects a welcoming, family-friendly address, with new residents getting to know each other and planning for their futures at Magnolia Lane, located within the community of Madeira. Close to home, there are plenty of opportunities for recreation and education -- residents are conveniently situated just a short walk from athletic fields, playgrounds and parks, as well as award-winning schools within the well-respected Elk Grove Unified School District. The local library, movie theater, Laguna Community Park and Aquatic Center and other recreational and entertainment venues are also close-by, another plus for buyers who value convenience and opportunity. Frequent business commuters and leisure travelers appreciate the neighborhood's central location between Highway 99 and I-5 and near major commuter roadways. Homebuyers are encouraged to ask about current school facility fee down payment grant.

A 3% Broker Referral Fee is offered at Magnolia Lane. Brokers must bring their client on their first visit to register. Broker Referral Fee to be paid at the close of escrow.

During a tour of the Magnolia Lane models and sales gallery, visitors should also inquire about popular fixed rate FHA financing that requires only 3.5% down -- the advantage of VA and Conventional loan options. FHA, VA and Conventional program guidelines and loan limits are subject to change. All loans subject to credit approval; restrictions may apply. Down payment, payment terms and rates vary based on market conditions and qualifying requirements.

It matters who your builder is, and William Lyon Homes means it when they say that they put themselves into their homes. They build each and every home as if it were their own and have earned a solid track record for constructing homes throughout the West since 1954. Learn more by visiting www.lyonhomes.com for exciting information on William Lyon Homes' brand new neighborhoods for sale.

To visit Magnolia Lane from I-5, exit Elk Grove Boulevard East, make a right on Bruceville Road, left on Civic Center Drive, right on Babylon Drive and left on Cordially Way. Models will be on the left. From Highway 99, exit Elk Grove Boulevard West, left on Big Horn Boulevard, right on Civic Center Drive, left on Babylon Drive and left on Cordially Way.

The models and sales gallery are open daily from 10 a.m. to 5 p.m. For more information on Magnolia Lane, please call 1-916-226-2667.

Prices are effective as of the date of publication. All homes are subject to prior sale. Prices and availability of homes are subject to change without notice. DRE Officer License: 00982816.