Lennar Offers Reduced Pricing On New Homes At Shenandoah II In El Dorado Hills

May 18, 2009 - PRLog -- SACRAMENTO, CA — Lennar is listening to homebuyers’ concerns and giving them one of their top requests—reduced pricing. Beginning this weekend, Lennar is offering reduced pricing on a new phase of solar energy-efficient homes at the Shenandoah II community in El Dorado Hills. With only a select few homes available at these special prices, homebuyers are encouraged to act quickly.  

Located in the 990-acre master planned community of Blackstone, Lennar’s Shenandoah homes will enjoy the picturesque landscaping, easy access to retail shops and entertainment venues, and the convenient location along the Highway 50 corridor.

Ranging from 2,128 to 3,491 square feet and pricing beginning in the mid $400,000’s, Lennar’s Shenandoah II homes is releasing three new homes for sale this weekend.

Homesite 221 is a 2,128-square-foot single-story Syrah plan which features three bedrooms, two and one-half baths, in addition to a den and a two-bay garage with a shop space. The home follows a colonial bungalow design and is priced at $436,950.  

At 2,768 square feet, the Merlot plan at homesite 220 has four bedrooms, two and one-half baths, a three-bay garage, and a downstairs den. The Tuscan-style home also features a large kitchen and breakfast nook that open to the great room. The home is priced at $459,950.

The grand 3,491-square-foot Cabernet plan at homesite 225 has five bedrooms, four baths, a bonus room and a three-bay tandem garage. The Italiante-style home is priced at $499,950.  

All Shenandoah II homes are further enhanced by Lennar’s Solarplus program, which combines solar electric systems with high energy efficient products and materials.
“With these new reduced prices and with the Solarplus program, we are offering homebuyers our very best value to date,” said Laura Stickelman, Sales Manager for Lennar Sacramento. “In conjunction with the government tax credits and some of the lowest interest rates in Lennar’s history, these reduced prices give homebuyers everything they need to make their move.”

California residents can apply for a state tax credit of up to $10,000 on a brand new home, which is being offered to all homebuyers who will own the property for at least two years and requires no reimbursement.  Qualified first-time home buyers, who have not owned a home in the past 3 years and who intend to live in the new home as their primary residence for a minimum of three years, can benefit from a federal tax credit of up to $8,000 on home purchases without ever having to repay. Certain eligibility requirements apply with regard to both credits and buyers are encouraged to consult with their tax advisor, as this is not tax advice.

In addition, Universal American Mortgage Company of California, Lennar’s preferred lender, introduced in April the company’s lowest fixed interest rate in history, offering homebuyers the most savings possible.

Celebrating its 55th anniversary, Lennar has grown to become one of the nation’s leading homebuilders.  With hundreds of Communities nationwide and homes designed for first-time, move-up and luxury homebuyers, Lennar has long distinguished itself by simply including everything as standard under its motto, “Everything You Want, Everything You Need, That’s the Logic of LennarSM.”

In addition to Blackstone, Lennar has five new solar home communities at WestPark in Roseville: Walkabout, Laureate, Ironcrest, Arbor Grove and Sentiero. These homes range from approximately 1,453 to 3,491 square feet. In Ranch Cordova, Lennar’s three new solar home communities, Cazadero, Andravida and Verano, feature plans from approximately 1,463 to 3,491 square feet.
Sales Pavilions are open this weekend from 10 a.m. to 6 p.m. For a complete list of communities in Sacramento, call (866) 417-8471.
   
For further information about the Federal tax credit visit FederalHousingTaxCredit.com and for information about the State of California tax credit visit, ftb.ca.gov/individuals/new_home_credit.shtml.

Buyers are encouraged to speak with their tax advisor and check out helpful links and resources on www.LENNAR.com.

Equal housing opportunity. Lennar cannot provide guarantees of actual savings and does not guarantee buyers' qualification for either tax credit or that funds will be available at close of escrow. Universal American Mortgage Company of California, an equal housing lender is licensed by the Department of Corporations under the California Residential Mortgage Lending Act. 5/09.