SOURCE: William Lyon Homes

William Lyon Homes

November 03, 2011 20:02 ET

Why Rent When Magnolia Lane in Elk Grove by William Lyon Homes Has New Homes From the Mid $200,000s

ELK GROVE, CA--(Marketwire - Nov 3, 2011) - With prices from the mid $200,000s for a brand new single-family detached home, and historically low interest rates available, Magnolia Lane in Elk Grove is a must-have opportunity for first-time buyers. Interested homebuyers and local renters are encouraged to tour the models and meet with a sales counselor at this William Lyon Homes neighborhood, where they can review the financial facts together and learn that the reality of homeownership is indeed within their reach. For more information on this new home collection, click on

"Many times, guests who visit the Magnolia Lane sales office are pleasantly surprised to learn they can comfortably afford a new home. Once they look at their current rent payment and then calculate the costs of a monthly mortgage for a new Magnolia Lane home, the numbers make sense toward homeownership," said Lesley Pennington, Vice President of Sales for William Lyon Homes. "If someone is in the market for a home of their own and wants to say goodbye to their landlord this holiday season, they should explore the opportunities presented at Magnolia Lane, where the rewards and peace of mind associated with owning continue to outweigh the cost of renting. For instance, every homeowner can rest assured their residence comes complete with all new appliances, plumbing and electrical systems, state-of-the-art construction materials, a long-term warranty and much more."

William Lyon Homes' Fall for Value Event that offers value-priced homes on year-end move-ins is also available at Magnolia Lane, but only until November 13, 2011. Consumers who act quickly will also receive a Free washer, dryer and refrigerator as a signing bonus on select Featured Homes, including Lot #99, a Residence 1B that was priced at $253,627 and is now $249,990. This single-story 1,719 square-foot design includes three bedrooms, two bathrooms, a two-car garage and a host of upgrades, including an optional kitchen island and marble stone surround in the master bathroom. A large backyard and desirable location facing the greenbelt offer additional benefits. For more information on this Featured Home, visit

Special year-end pricing reductions vary per homesite. Buyer must purchase between October 15, 2011 through November 13, 2011 and close escrow before year-end or sooner to qualify for this promotion. Appliance package includes washer, dryer and refrigerator, and appliance specifications vary per neighborhood. See Sales Counselor for details and restrictions.

Magnolia Lane's one- and two-story floorplans range from approximately 1,719 to 2,409 square feet, with three to five bedrooms, two to three bathrooms and two-car garages.

Located within the community of Madeira, Magnolia Lane residents are just a short walk from athletic fields, playgrounds and parks. The neighborhood is conveniently situated between Highway 99 and I-5 and near major commuter roadways, the local library, a movie theater, the Laguna Community Park and Aquatic Center and more. Parents will also be pleased to learn the neighborhood is included within the well-respected Elk Grove Unified School District and is just blocks from award-winning schools. 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 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.