Lock in low rates, low prices at Lexington Park in Des Plaines

Lexington Park, Des Plaines, IL

With mortgage rates expected to rise throughout 2011, buyers who wish to have a new home later this year would be wise to lock in today’s low rate and a great price right now. They can do that at Lexington Park in Des Plaines, where a new phase of townhomes is under construction and will reach completion this summer.

Lexington Homes‘ preferred lenders, Wells Fargo and Platinum Home Mortgage, both offer buyers rate protection until closing. “This is huge, because someone can lock in the price of a home and know what their interest rate will be, and not close until summer,” says sales manager Mary Corbett.

Lexington Park’s new phase features homes in three floor plans, including two-bedroom Bristol townhomes base priced in the $230s, and three-bedroom Warrington and Covington townhomes starting in the $250s. Although the mix of floor plans for this phase has already been determined, buyers still have time to customize specific units with a variety of upgraded finishes, Corbett says.

All townhomes at Lexington Park have 2.5 baths, two-car garages, finished lower levels, and abundant storage space.

For buyers ready to move right now, one unit, a Warrington home with two bedrooms, 2.5 baths, and a den, is ready to deliver and priced to sell at $247,000.

The development is located in downtown Des Plaines, within walking distance to the Metropolitan Square retail center and the Des Plaines Metra station, and mere minutes by car from the Tri-State Tollway (I-294) and the Northwest Tollway (I-90), and O’Hare International Airport.

For more information about Lexington Park’s townhomes and other Lexington Homes properties, visit LexingtonChicago.com.

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