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As Featured in the New Homes Section July 9, 2006

$2424 gets you in the door at Michael Crews Development's Cityscape neighborhood

With exclusive access to a realty and mortgage division, Michael Crews Development is able to move buyers into a new home at the Cityscape neighborhood in Escondido for as little as $2,424 a month, depending on qualifications and mortgage variables.

“We’ve noticed that a lot of people looking at homes today are simply trying to get their foot in the door to buy,” said David Bennett , Michael Crews Development Sales Associate. “We have been working with Triple Diamond Mortgage to see how we could focus on a low monthly payment at Cityscape. Qualified buyers are now able to purchase an incredible $539,000 value-packed, top-of-the-line standard feature home for less than $2,500 a month.”

Triple Diamond Mortgage, a division of Michael Crews Development, has designed a program that allows for a $2,424 monthly mortgage, after taxes. The payment is based on an 80/20 loan. The first mortgage is an interest only, 5/1 ARM, with a 6.5% interest rate on a $432,000 principle. The second mortgage is an interest only, home equity line of credit (variable rate) with a 9.75% interest rate on the remaining 20% balance of $118,000. After annual tax savings, which work out to $874 a month, the total monthly payment to own a new home at Cityscape is as little as $2,424.

Buyers are encouraged to contact Paul Russell at Triple Diamond Mortgage to discuss details including qualifications for eligibility. Call 877-562-6687 today!

The 14 row-homes at Cityscape offer 2,071 square feet, 4 bedrooms, 2.5 bathrooms and a 2-car garage. Each home includes value-enhanced standard features such as custom maple cabinetry, granite-slab kitchen countertops, travertine-slab bathroom countertops, two-toned paint, energy-efficient windows, 18” x 18” porcelain floor tile, mirrored closet doors, designer fixtures and more.

Michael Crews Development currently has neighborhoods throughout Escondido including Sole, City Lights II, Centerstage, Cityscape and Royal View. Sales Offices are open daily from 9 a.m. to 6 p.m. at Cityscape, and from 10 a.m. to 6 p.m., Saturday and Sunday, at Royal View and Sole.

To get to Cityscape, from I-15, exit on Valley Parkway east. Turn right on Midway Drive. The Cityscape neighborhood is on the right side of Midway Drive at the intersection of Grand Ave. Look for the Sales Office sign.

To get to Royal View, from I-15, exit on Via Rancho Parkway and head East. Via Rancho Parkway turns into Bear Valley Parkway. Follow Bear Valley Parkway to San Pasqual Valley Rd. and turn right. Take a left at the Royal View sign and follow into neighborhood. The Sales Office is at the top of the hill.

To get to Sole in Escondido, exit on Valley Parkway west. Turn right on 11th Avenue. Turn left on Hale Ave, and then turn left on Sole Glen into the Sole neighborhood. Look for Sales Office sign.

For more information, call the Sales Office at 760-751-1212.

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