Frequently Asked Questions

How many floor plans are available?

We offer 6 – six exciting floor plans at Princeton Park:  Our square footages range from 1,956 to 3,148.

What size are the home sites?

The average home site is 78 X 118 but there are also larger home sites available as well.

How many homes will be built?

The community will have 10 homes.

Is the price of the home site included in the base price of the home?

Yes.  A standard home site is included as part of the base pricing.

Are there premiums on any home sites?

Yes.  There will be select sites that have a premium.  Examples of home sites that may include a premium are:  oversized home sites and more private locations.

What will my property taxes be?

Princeton Park current mileage rate is 54.5, this means for a:

$230,000 home – property tax estimate $6,267 yrly

$265,000 home – property tax estimate $7,221 yrly

$310,000 home – property tax about $8,447 yrly

Is there a Homeowner’s Association?

Yes, the association dues for the community are approximately $300 yearly.  Association dues pay for the snow removal of your roads and professional maintenance and utilities of the common areas.

Are there any community amenities?

There will be sidewalks located throughout the community.  We are convenient to shopping, restaurants, golf courses, parks and expressway access!

 

Which Schools will our children attend?

        Stevenson Elementary             248-746-8840     

Birney Middle School              248-746-8800

Southfield High School           248-746-8650

                www.southfieldpublicschools.com

 

When and where do I make décor selections?

Your Sales Manager will schedule your Design Center appointment within 30 days of signing your purchase agreement.  During this appointment you will work with a professional decorator who will help guide you through the interior selection process.  The Design Center is located within the Centex Homes corporate office in Southfield. 

How long will it take for my new home to be built?

Although we cannot guarantee a closing date for your new home, it typically takes about six months from the signing of your purchase agreement to build your new home.  Please keep in mind that there are many factors that can impact your closing date, but this reflects an average build time in our community.

Are fences allowed?

4’ Maintenance free fences are allowed only with written approval from the Architectural Control Committee.  You also must obtain a permit from the City of Southfield.   www.CityofSouthfield.com

When do I need to obtain a mortgage?

We require that you have a mortgage approval within 30 days of signing your purchase agreement.  Please feel free to call Jay Schneider at 248-233-8401 or Cheri Hanagan at 248-233-8403 our Centex Homes Mortgage Consultant. 

What is required to reserve my new home?

A $500.00 deposit (refundable) will reserve a home site for 5 days, taking it off the market.  There will be an additional $4,500 deposit at the time of the purchase agreement which is applied toward the purchase price of the home.  If you use an outside lender an additional $15,000 will be required with 60 days (30 days = $7500 due and 60 days $7,500 due).

 

Community and School Information and Frequently Asked Questions are subject to change at anytime without notice.