June 10, 2010
Savings continue at Lexington communities
Although the government’s $8,000 first-time home buyer tax credit expired at the end of April, Lexington Homes is offering some new incentives at three of its town home communities: Lexington Square in Bridgeport, Lexington Park in Des Plaines and Willow Place in Wheeling. For a limited time, Lexington Homes is including between $8,000 and $25,000 in free upgrades and options on select immediate-delivery homes.
“We wanted to extend the benefits of the government’s home buyer tax credit in our own way with our new T.A.X. credits incentives, which stands for totally awesome extras,” said Jeff Benach, co-principal of Lexington Homes. “While the government tax credit was a great incentive, it was geared toward only a segment of home buyers, first-time buyers or those who had owned their home for five years. Our T.A.X. credits program provides free upgrades for any home buyer, so we’re able to help a wider range of buyers.”
According to Benach, Lexington Homes stepped up construction at all three of its communities to meet demand for the federal housing tax credit. Each community currently has between four and six homes ready for immediate delivery.
“We were able to help a lot of buyers purchase a new home and take advantage of the tax credit,” he said. “But now, we still have a number of completed or soon-to-be completed homes and, for a limited time, we’ve tacked on a high level of upgrades and options at no extra charge. In some cases, prices are even below the original base prices even with all the options. It’s truly a remarkable opportunity.”
Benach said Lexington Homes is including finishes such as granite countertops, hardwood floors, stainless-steel appliances and fireplaces.
“In many of the homes, these extras even surpass the tax credit in value, as many homes include up to $25,000 in upgrades and structural alterations,” Benach added.
Lexington Park, a new community of 120 town homes, is located within walking distance of downtown Des Plaines and the Des Plaines Metra Station at Western and Harding avenues.
The community offers three floor plans ranging from 1,605 to 1,913 square feet. Base-priced from $249,990 to $272,990, the three-story homes come standard with two to three bedrooms, 2½ baths and attached two-car garages. Options allow for additional bedrooms and powder rooms.
Lexington Park offers a number of homes featuring the T.A.X. credit. One home, the Bristol, measures 1,605 square feet and is priced at $247,990. It includes two bedrooms and 2½ baths. This home, which also features dual master suites, has an upper level laundry closet. It has been upgraded with birch cabinetry, granite countertops in the kitchen and master bath, ceramic tile in the kitchen and baths, and oak rails with iron balusters.
Willow Place, a new community of 58 town homes, is located on the south side of Wheeling at Foster and Old Willow roads. Willow Place offers two floor plans ranging from 1,858 to 2,157 square feet. Base-priced from $266,990 to $289,990, the three-story homes come standard with three bedrooms, 2½ baths and attached two-car garages. Options allow for additional bedrooms and bathrooms.
A number of homes with the T.A.X. credit are available, including two homes featuring the Chestnut floor plan. One is priced at $263,500. The 1,858-square-foot home has three bedrooms and 2½ baths. The main level includes an open living room and dining room, a powder room, laundry room and an oversized balcony off of the eat-in kitchen. This home has been upgraded with hardwood floors, granite countertops, and stainless-steel appliances.
Lexington Square is a new community of 39 single-family row homes located at 3704 S. Sangamon St., eight blocks west of U.S. Cellular Field.
The community offers two floor plans ranging from 2,216 to 2,507 square feet. Base-priced from $379,880 to $439,880, the three-story homes come standard with three bedrooms, 2½ baths, rooftop decks (most with complete views of the Chicago skyline) and attached two-car garages. Additional bedrooms and baths are available.
Lexington Square is offering a selection of homes with the T.A.X. credits, including two homes featuring the Grant floor plan. This first Grant home measures 2,216 square feet and has three bedrooms and 2½ baths. It is priced at $357,888. This home has a finished lower level, expansive living/dining room and a kitchen with breakfast area on the main living level, and a master suite with a large walk-in closet on the upper level. Included upgrades are maple cabinets and stainless-steel appliances and granite countertops in the kitchen and baths.
The second Grant home for quick delivery is priced at $365,343. It also has three bedrooms and 2½ baths. It has been upgraded with maple cabinets, oak rails with iron sp
indles, oak hardwood flooring, cherry cabinetry and ceramic tile in baths, and upgraded faucets throughout the home. For more information about Lexington Park, call (847) 299-0500; for Willow Place, call 847-818-0800; and for Lexington Square, call 773-523-5900; or visit www.LexingtonChicago.com.
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Savings continue at Lexington communities