Gerstad offers limited give-away of sites with home purchases
The places to be
Liberty Trails, McHenry: Offers 1,382- to 3,177-square-foot ranch and two-story homes base-priced from $186,990 to $278,490. (Price does not reflect $15,000 homesite discount). Liberty Trails’ sales center is on Lincoln Road, about one mile west of Chapel Hill Road and north of Route 120. For more information call (815) 385-4495.
The Trails of Dawson Creek, Poplar Grove: Offers a selection of semi-custom ranch and two-story homes. The seven ranch plans provide 1,382 to 2,170 square feet of living space, base-priced from $149,990 to $214,990, and six two-story homes offering 1,980 to 2,929 square feet of living space are base-priced from $178,990 to $240,990. (Prices do not reflect the $10,000 homesite discount.) The community is on the north side of Orth Road, approximately ½ mile east of Route 76. For more information call (815) 547-0800.
The Trails of Pheasant Ridge, Richmond: Located on Route 12 (Rand Road), approximately 1 mile north of Route 173. Homes start at $162,990 and top out at $231,990 (price does not reflect $13,000 homesite discount). These ranch and two-story homes offer 1,382 to 2,929 square feet of customizable living space. The sales center is open by appointment only. For more information call (815) 385-4495 or visit www.gerstadbuilders.com.
Bailey Estates, Williams Bay, Wis.: Sales center is on 439 Ashley Drive off Bailey Road, about 3/4 mile west of Route 67. Eleven ranch and two-story floor plans are available with 1,782 to 3,177 square feet and are base-priced from $212,990 to $284,990. (Price does not reflect $20,000 homesite discount). For information call (262) 245-9750 or visit www.gerstadbuilders.com.
Receiving considerable homebuyer interest after its recent announcement of free homesites at its Pheasant Ridge community in Richmond, Gerstad Builders is now offering this opportunity at its three other communities: Liberty Trails in McHenry, Dawson Creek in Poplar Grove, and Bailey Estates at Williams Bay in Wis.
Starting immediately, the builder will give two homesites away for free in each of these communities, but the deal expires Dec. 31, 2012. This offer means that, depending on the community, that buyers will be able to subtract $10,000, $15,000 and $20,000 respectively from advertised home prices in Dawson Creek, Liberty Trails and Bailey Estates.
As an example of the savings Gerstad is offering on its 13 different single-family homes at Dawson Creek, buyers can select any of the 1,382- to 2,929-square-foot ranch and two-story homes and then subtract $10,000 off the listed base price.
For example, the Roosevelt, a 2,030-square-foot, three-bedroom, 2½-bath two-story home normally priced at $178,990 is only $168,990 after subtracting the value of the homesite. This savings, combined with a 30-year fixed-rate mortgages at an all time low, means the time is right for families to purchase a new home in any of Gerstad Builders’ communities. Plus, in a Gerstad community, residents are not subject to special service area (SSA) or homeowner association fees.
If a family was to purchase the Roosevelt for $178,990 and deduct $10,000 for the homesite and secure a 30-year fixed-rate mortgage of 3.55 percent on the $168,990 balance, the monthly payment would be approximately $763 (does not include property taxes, private mortgage insurance or property insurance).
“With my willingness to give homesites away for free, a homebuyer in our communities will never purchase a home at a cheaper price than we are offering right now,” said Roger Gerstad, president of the namesake company.
“This unbelievably low purchase price combined with interest rates at an all time low of 3.55 percent means that ownership of a single-family home hasn’t been this affordable since the mid-1980’s. As a result, they may pay less per month for one of our homes than they are currently paying for a small two-bedroom apartment.”
No matter which community is selected, Gerstad offers a variety of luxury amenities in its homes at no additional cost. For example, homes come with vaulted ceilings (per plan), furniture-quality cabinetry, General Electric appliance package, Kohler bathroom fixtures and faucets, basements (per plan) and a one-year warranty program.
Design highlights include two to four bedrooms, two or 2½ baths, kitchens with islands (per plan), breakfast areas, living rooms, family rooms, formal dining rooms, dens (per plan), master-bedroom suites and attached two-car garages.
Gerstad Builders also offers a variety of optional features including skylights, central air conditioning, three-car garages (per plan), wood-burning or gas fireplaces, additional volume ceilings, custom millwork, imported ceramic tile, Corian or granite countertops, hardwood flooring, and English or walkout basements.