SOURCE: William Lyon Homes

William Lyon Homes

April 12, 2012 18:41 ET

Great Home Locations a Must-See at Magnolia Lane by William Lyon Homes

ELK GROVE, CA--(Marketwire - Apr 12, 2012) - Ongoing demand for Magnolia Lane prompted the recent release of a new phase, where select floorplans showcase corner locations and generously sized yards with up to 8,100 square feet of outdoor space. A Residence Two with approximately 2,011 square feet and a Residence Four with approximately 2,409 square feet of interior space, offer family-oriented buyers an attainable opportunity for indoor/outdoor living in this desirable Elk Grove neighborhood by William Lyon Homes.

Magnolia Lane's new phase is slated for completion this summer, giving buyers the freedom and flexibility to personalize their new home with the upgrades and amenities best suited for their individual needs. This schedule is also beneficial for families who prefer to get settled before the beginning of the upcoming school year, when their children can attend the best middle and high schools in the Elk Grove School District.

"With prices starting from the mid $200,000s and historically low interest rates available, now really is a good time to explore the financial and residential rewards of Magnolia Lane," said Lesley Pennington, Vice President of Sales for William Lyon Homes. "Buyers who are particularly focused on a spacious property where they can add a luxury spa or gourmet dining patio with a built-in barbecue will find the Residences Two and Four a wonderful match for these lifestyle expectations. The selection is limited, so there is a certain urgency to make a decision before these homes are spoken for. Buyers are also encouraged to ask the sales team about the availability of Magnolia Lane floorplans that have side yards large enough to accommodate a boat or RV."

A must-see for renters who are ready to experience the privileges of homeownership in a family-friendly community, Magnolia Lane presents one- and two-story floorplans that range from approximately 1,719 to 2,409 square feet of single-family living space. Interiors offer three to five bedrooms, two to three bathrooms and two-car garages; all new appliances, plumbing and electrical systems, state-of-the-art construction materials and long-term builder warranties give buyers the peace of mind they deserve. To get connected, log onto www.lyonhomes.com/MagnoliaLane or Like the neighborhood on Facebook.

Magnolia Lane's location in the Madeira community places residents just a short walk from athletic fields, playgrounds and parks. The local library, movie theater, Laguna Community Park and Aquatic Center are also close-by. Frequent business commuters and leisure travelers appreciate Magnolia Lane'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 6 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.