Why Rent? Own At Magnolia And Laurel At Old Creek Ranch In San Marcos

Aug. 30, 2011 - PRLog -- SAN MARCOS, CA – If you thought you couldn’t afford to purchase your own home, think again! Right now, Cornerstone Communities’ Magnolia and Laurel at Old Creek Ranch in San Marcos are making it possible to leave renting behind and start enjoying all the benefits of home ownership – including big income tax deductions, the opportunity to build equity and the  chance to make your home 100% your own – all for as little as $1,811 per month*.

“This is an unbelievable time to buy a home, and Magnolia and Laurel offer excellent value,” said Cornerstone Communities President Michael Sabourin, adding that this market presents great opportunities for first-time homebuyers who can take advantage of the decade’s most affordable prices and lowest interest rates to realize their dream of home ownership.

Magnolia is a beautiful neighborhood of 195 townhomes featuring rich exteriors influenced by Mission and Tuscan architecture. Magnolia offers nine stylish floor plans ranging from approximately 1,173 to 1,649 square feet, including two to four bedrooms, up to 3 ½ baths and two-car attached garages. Prices start in the high $200,000s.

Laurel is situated high above the amenity-rich corner of Rancho Santa Fe Road and Melrose Avenue. This ideal location offers convenient access to shopping, services, and plenty of restaurants. All 98 of Laurel’s paired residences feature, three bedrooms, plus loft, 2 ½ baths, and a two-car garage. Living areas range from 1,650 to 1,775 square feet and prices start in the high $300,000s.

Both Magnolia and Laurel offer an extensive array of sought-after amenities. All homes include granite kitchen countertops with stainless steel sink, Whirlpool® stainless steel appliances (including a side-by-side refrigerator), washer and dryer and central air conditioning. Both communities also offer the opportunity to customize your home with a wide variety of options and upgrades through the Design Center.

The desirable location and close proximity to the beach offer Magnolia and Laurel residents Southern California living at its best! The community’s private and upscale recreational area provide homeowners an opportunity to relax and enjoy time with family and friends around their sparkling pool, separate children’s pool, spa, fire pit, tot lot and multiple dining areas with barbeques.

The Cornerstone Communities team has built more than 10,000 homes within over 50 thriving communities since 1983. They are currently offering San Diegans a full spectrum of homes and townhomes with six active communities in Chula Vista, San Diego, and San Marcos, ranging from the low $200,000s up to $1.1 Million.

“We are committed to serving California families by creating homes that emphasize inspired design, efficiency and privacy as well as neighborhoods that stand the test of time,” said Sabourin.

To visit Magnolia and Laurel at Old Creek Ranch in San Marcos, exit the 5 Freeway at La Costa Avenue and drive East. Turn left on Rancho Santa Fe Road, right on Boulder Ridge Drive and the models will be on your right. From the 78 Freeway, exit at Rancho Santa Fe Road and drive South. Turn left on Boulder Ridge Drive and the models will be on your right. The communities are open Monday’s 1 p.m. to 6 p.m. and Tuesday - Sunday 10 a.m. to 6 p.m. Additional information is available by calling Magnolia at 760-736-8098 or Laurel at 760-510-0137. Further details are available online at http://www.cornerstonecommunities.com. DRE #0145200.

* The above payment is based on a purchase price of $277,990 and a loan amount of $270,942. Example is also based on an FHA loan that is fixed for 30 years at a rate of 4.25% (5.253 APR) with a required down payment of 3.5%. Actual interest rates and payment will vary. Example payment of $1,811 includes principal, interest, taxes, mortgage insurance, Homeowner’s Association Dues and tax break. Rate/program based on buyer having a minimum FICO score of 640. If lower, high rates would apply.