5/18/2012 12:40:43 PM
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Muirwood - The Reserve

Murfreesboro, TN

Muirwood - The Reserve Community

School District: Rockvale Elementary, Rockvale Middle School, Blackman High School

Contact: (615) 893-8827

Location: (Directions | Map It)

Hours: Sunday & Monday 1pm -6pm, Tuesday - Saturday 10am - 6pm


Why settle for a new home that merely meets your expectations? In today’s homebuyer’s market, the new home you move up to should EXCEED your expectations, and that’s exactly what Fox Ridge Homes’ new Muirwood community has the power to do. This spectacular community of new single-family homes in Murfreesboro gives you easy access to I-24 and I-840, and is close to acclaimed Blackman schools, and shopping and dining options, including Stones River Mall. Muirwood is also within easy reach of Middle Tennessee State University, for families with college age kids who would still like to stay close to home. Muirwood’s location even has the potential to increase your new home’s value, since this new Fox Ridge community is surrounded by semi-custom and custom homes that can exceed $1 million in value.

• Stately new single-family homes surrounded by the best of Murfreesboro
• Value that goes beyond location, to include unexpected architectural detailing, brick exteriors and plenty of room to grow

Your expectations will certainly be exceeded once you see the new home designs for Muirwood. These prestigious homes offer up to 5 bedrooms and up to 3 ½ baths, in a variety of ranch and 2-story plans. Every Muirwood home as a brick front, but many are brick on all four sides! Every new Fox Ridge Home is ENERGY STAR® Qualified for a lifetime of energy cost savings, and each is backed by our comprehensive 10-year warranty. Perhaps you’ll exceed your own expectations of your interior design skills with the designer options you select – choose from a morning room, bonus room, sunroom, hardwood or ceramic tile flooring, stainless steel kitchen appliances and much more.

Every Fox Ridge Home Includes:
• ENERGY STAR® Qualification that includes Energy Star® testing & certificate after closing
• Nortiz® Tankless Water Heater
• Low-E® Argon-gas Filled Windows
• Higher Energy Star® insulation values
• Energy Star® HVAC units
• Energy Star® certified appliances
• Programmable Thermostats

Features that prove our commitment:
• 1, 2 & 10 Year Exclusive Fox Ridge Homes Transferable Warranty
• Homeowner’s Association with Protective Covenants
• 10 Month Home Review after your closing
• One Year Drywall Inspection of Your Home
• Conveniently linked to Service Department through our website for easy access


*Community and Fox Ridge Features subject to change without notice

Directions:

From Downtown Nashville:
Take I-24 West to Exit 78A (Hwy. 96 W)
Travel 1.5 miles and take a left on Rucker Lane (Publix will be on the left)
Continue 1 mile to the Muirwood Community on the left.

Or take:
I-65 South to 840 West
Take Veterans Parkway Exit and turn right, South.
Go to first stop light (Hwy 96) and take a left.
Travel 1.5 miles and turn right on Rucker Lane (Publix will be on right)
Continue 1 mile to the Muirwood Community on the left.

For use with GPS/Navigation:
Rucker Lane
Murfreesboro, TN 37128
(community 1 mi. ahead)

Models Available

Starting from the Upper $170's

**Limited time only. Financing based on a 5/1 FHA ARM loan, with an interest rate of 2.75%, upfront mortgage insurance premium, an APR not to exceed 3.437%, and 5% down payment. Monthly payment assumes the base sales price of the community which includes principal, interest, estimated real estate taxes, insurance, up front mortgage insurance premium. Monthly payment does not include homeowner's association or condominium dues or assessments. The borrower is paying 0 discount point(s). A 1% origination fee is paid by the borrower. Mortgage insurance is included in these examples because the LTV is 95% which requires mortgage insurance. Criteria for loan program qualification and interest rates on loan programs will 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. The financing used in this example is based on a conforming loan product and applies only to loan amounts that are $417,000 or less. Loan amounts over $417,000 are subject to additional costs/pricing. Must also meet FHA county guidelines. Certain restrictions may apply. Rates effective 5/2/2012 and subject to change without notice. The note rate may increase or decrease 1% per year after the 60th month and every 12 months thereafter. Over the life of the loan, the note rate may increase a maximum of 5%. On the annual adjustment intervals, the rate will adjust to the weekly average yield of the United States Treasury Securities adjusted to a constant maturity of one year (index) plus 2.250% (margin). 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. Prices, offers and financing are subject to change without notice. See sales representative for details.



Product: 5/1 FHA ARM
Sales Price: $179,990
Interest Rate: 2.75%
Downpayment: 5%
Property Tax Rate: 0.93%
Tax Savings Rate: 28%
Origination Fee: 1%
Discount Points: 0%
Hazard Insurance: 0.22%
PMI: 1.1%
Up Front MI: 0%
Downpayment Estimate: $9,000
Loan amount: $171,976
Up front misc fees: $985

  $308  (Principal)
+ $394  (Interest)
+ $139  (Property Tax Estimate)
+ $33  (Hazard Insurance Estimate)
+ $157  (PMI Estimate)
+ $00  (Condo Fees)
- $109  (1st Year Tax Savings Estimate)
-------------------
$1,031 : Estimated Monthly Payment

With tax savings:
- $109  (1st Year Tax Savings Estimate)
$922 : Estimated Monthly Payment