7/4/2009 3:57:42 PM
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Cedar Commons Townhomes

Fruitland, MD

School District: Wicomico County Schools

Contact: (410) 341-9662

Location: (Directions | Map It)

Hours: Monday 12-6, Tuesday - Friday 10-6, Saturday & Sunday 11-6

Spring Into Summer Savings with Ryan Homes! Contact our Sales and Marketing Representative Today for Details!

*This is a limited time offer and available only on new contracts when financing through NVR Mortgage. Please consult our sales representative for details.


Cedar Commons presents the lowest priced luxury townhomes in Fruitland! Enjoy an exceptional lifestyle that puts shopping, dining, antiquing and the beach within easy reach, while the outdoor recreation of Fruitland Recreation Area is walking distance away. Downtown Salisbury and Salisbury University are just 5 miles away for even more options.

• Located in Fruitland, MD
• 3 bedrooms and up to 2 ½ bathrooms
• Up to 1,680 square feet
• Luxury townhomes featuring spacious floorplans and 9-foot ceilings
• Custom options include hardwood flooring, ceramic-tile bathrooms, large bay windows and Corian® or granite countertops in the kitchen
• Within walking distance of the Fruitland Recreation Area for softball, baseball, soccer, picnic and fishing areas
• Within easy reach of shopping, dining, antiquing and the beach
• 5 miles from downtown Salisbury and Salisbury University

Directions:

From Route 13:
-Exit onto Rt 513 St. Luke’s Road/Cedar Lane towards Fruitland
-Follow to second left onto St. Luke's Rd.
-Proceed to right onto Wye Oak Dr.
-Proceed to community entrance about 1/4 mile on right.

Address: 741 Wye Oak Drive, Fruitland, MD 21826

Models Available

Starting from the Upper $120's


**Limited time only. Financing based on a 30 Year Conventional loan, with an interest rate of 5.25%, an APR not to exceed 5.973%, and 5% down payment. Monthly payment assumes the base sales price of the community which includes principal, interest, estimated taxes, insurance and estimated tax savings based on a 28% income tax rate. We recommend that you consult a Certified Public Accountant regarding your specific tax situation and details. Monthly payment does not include homeowner's association dues. The borrower is paying 0.125 discount point(s). A 1% origination fee is paid by the buyer. Mortgage insurance is included in these examples because the LTV is 95%. Qualifying and rates on loan programs may vary based on credit criteria, final amount of down payment, and are subject to current market pricing. APR may vary depending on rate and final loan program. Certain restrictions may apply. Rates effective 7/3/2009 and subject to change without notice. Prices, offers and financing are subject to change without notice. See sales representative for details.

Sales Price: $129,990
Interest Rate: 5.25%
Downpayment: 5%
Property Tax Rate: 1.8%
Origination Fee: 1%
Discount Points: 0.125%
Hazard Insurance: 0.14%
PMI: 0.79%
Downpayment Estimate: $6,500

  $142  (Principal)
+ $540  (Interest)
+ $195  (Property Tax Estimate)
+ $15  (Hazard Insurance Estimate)
+ $81  (PMI Estimate)
+ $00  (Condo Fees)
- $150  (1st Year Tax Savings Estimate)
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$823 : Estimated Monthly Payment