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Potential 10,000 sq. ft
MA
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STON
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WYThe Groves
±2,200 Homes
Eagle Springs3,924 Homes Water’s Edge
850 Homes
Lakeshore1,151 Homes
BRAD ELMORE | DAVE RAMSEY | 281.477.4300
3.3 ACRES – THE GROVESNWC OF LAKE HOUSTON & MADERA RUN PKWY | HOUSTON, TX
AVAILABLE FOR SALE
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Future
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59
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90
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1010
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FA R M
R OA D
1960
T E X A S249
T E X A S249
T E X A S288
T E X A S105
T E X A S105
6T E X A S
6T E X A S
36T E X A S
36T E X A S
36T E X A S
610
610
THEWOODLANDS
WILLIS
HUNTSVILLE
CONROE
MONTGOMERY CLEVELAND
TOMBALL
CYPRESS
KATY
PEARLAND
HOUSTONHOUSTON
GALVESTON BAYGALVESTON BAY
P R O P E R T Y I N S I G H T S
• Located at entry of The Groves master-planned community, one of the largest developments in West Lake Houston
• Surrounded by dense residential development
• Potential curb cut on West Lake Houston Parkway
ABOUT THE GROVES:
• Approximately 1,000 acres with +/- 2,200 planned homes, with an average price of $369,522
• Master-planned community with focus on high quality homes and an emphasis on “Life in the Woods”
• Typically providing three to five bedroom homes that range from 2,000 to 4,000+ square feet
• Served by award winning school district of Humble ISD
THE GROVES AMENITIES:
• Lifestyle center with splash pad
• Fish camp with cabin and stocked pond
• Miles of natural trails and featuring Madera Creek
• Over 90 acres of parks, open space, and nature reserves
3.3 ACRE CORNER SITEIN HUMBLE, TEXAS [email protected]
281.477.4362
DAVE [email protected]
BRAD ELMORE
Westlake Marketplace
SITELindsay/Lyons
Park
Lake Houston
OLD
HU
MB
LE R
D
WILL CLAYTON PKWY
ATASCOCITA RD W L
AKE HOUSTO
N
Eagle Springs3,924 Homes
AtascocitaForest
2,031 Homes
The GrovesPlanned 2,200 Homes
Lakeshore1,151 Homes
Waters Edge±900 Homes
Stillwater 88 Homes
Summer Lake Ranch154 Homes
Sunset Ridge / Timberhills1,310 Homes
Summerwood2,805 Homes
Lakewood Pines145 Homes
Park Lakes1,567 Homes
Woodland Pines744 Homes
BalmoralPlanned
1,700 Homes
Fall Creek2,341 Homes
A E R I A L S + A C R E A G E
A E R I A L S + A C R E A G E
TotalSupply
7082Q13 4141571,132 41 612 1,9871,1753416.5 20.3 2,9822726483Q13 4371701,160 40 647 1,8001,1823206.7 18.3 2,9772858404Q13 4041671,135 40 611 1,8291,1912296.5 18.4 3,018265
4641Q14 4451821,097 40 667 1,4981,2213317.3 14.7 3,2382754872Q14 4691821,100 44 695 1,2911,1833037.6 13.1 3,8802757173Q14 4921591,160 33 684 1,3201,1973347.1 13.2 7,9973458834Q14 4111411,250 31 583 1,4901,2222545.6 14.6 8,184355
1,0471Q15 4431491,209 30 622 1,3811,1642736.2 14.2 8,5022341,1182Q15 4181451,265 30 593 1,2461,1633025.6 12.9 8,3313311,2383Q15 4331581,180 35 626 1,4361,1222936.4 15.4 7,9302601,0514Q15 3131931,119 38 544 1,4611,0802125.8 16.2 7,744294
1,1121Q16 3291841,118 42 555 1,4421,0512446.0 16.5 7,2652331,4592Q16 3331931,018 40 566 1,7149912426.7 20.8 8,9942311,2213Q16 4071811,005 43 631 1,6471,0103127.5 19.6 8,9202471,3784Q16 3241881,001 46 558 1,8241,0152176.7 21.6 8,669290
1,4331Q17 283237990 46 566 1,8741,0012306.9 22.5 8,4062221,6562Q17 3782151,012 43 636 2,2881,0823237.5 25.4 7,668253
The Groves 5 Mile RadiusHistorical Housing Activity Summary
Qtr UCFinVacAnnClos
QtrClos Total Inv VDL
AnnStarts
QtrStarts
VDLSupply
Ann Lot DelivFut LotsModel
Copyright MetrostudyHouston Residential Survey (2Q17)
2010 Census, 2018 Estimates with Delivery Statistics as of 03/18DEMOGRAPHICS
POSTAL COUNTS 3 MILES 5 MILES 7 MILESCurrent Households 24,079 43,148 81,262
Current Population 73,156 127,360 235,886
2010 Census Average Persons per Household 3.04 2.95 2.90
2010 Census Population 55,090 98,346 180,267
Population Growth 2010 to 2018 33.57% 32.94% 32.88%
CENSUS HOUSEHOLDS1 Person Household 14.54% 16.42% 17.32%
2 Person Households 28.54% 30.12% 31.51%
3+ Person Households 56.91% 53.47% 51.17%
Owner-Occupied Housing Units 84.94% 79.82% 77.25%
Renter-Occupied Housing Units 15.06% 20.18% 22.75%
RACE AND ETHNICITY2018 Estimated White 66.65% 65.44% 66.74%
2018 Estimated Black or African American 18.12% 18.72% 17.34%
2018 Estimated Asian or Pacific Islander 4.61% 4.40% 4.20%
2018 Estimated Other Races 10.17% 10.95% 11.18%
2018 Estimated Hispanic 25.36% 26.47% 26.93%
INCOME2018 Estimated Average Household Income $117,115 $113,833 $116,858
2018 Estimated Median Household Income $97,968 $93,517 $89,982
2018 Estimated Per Capita Income $40,054 $38,777 $41,088
EDUCATION (AGE 25+)2018 Estimated High School Graduate 19.34% 20.81% 21.88%
2018 Estimated Bachelors Degree 26.98% 25.33% 24.42%
2018 Estimated Graduate Degree 11.18% 10.60% 10.99%
AGE2018 Median Age 33.8 33.7 34.8
Leasing | Tenant Representation | Development | Land Brokerage | Acquisition | Property Management
Information About Brokerage ServicesTexas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.
TYPES OF REAL ESTATE LICENSE HOLDERS:• ABROKERisresponsibleforallbrokerageactivities,includingactsperformedbysalesagentssponsoredbythe
broker.• ASALESAGENTmustbesponsoredbyabrokerandworkswithclientsonbehalfofthebroker.
A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents):• Puttheinterestsoftheclientaboveallothers,includingthebroker’sowninterests;• Informtheclientofanymaterialinformationaboutthepropertyortransactionreceivedbythebroker;• Answertheclient’squestionsandpresentanyoffertoorcounter-offerfromtheclient;and• Treatallpartiestoarealestatetransactionhonestlyandfairly.
A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:
AS AGENT FOR OWNER (SELLER/LANDLORD):Thebrokerbecomesthepropertyowner’sagentthroughanagree-mentwiththeowner,usuallyinawrittenlistingtosellorpropertymanagementagreement.Anowner’sagentmustperformthebroker’sminimumdutiesaboveandmustinformtheownerofanymaterialinformationabouttheproertyortransactionknownbytheagent,includinginformationdisclosedtotheagentorsubagentbythebuyerorbuyer’sagent.
AS AGENT FOR BUYER/TENANT:Thebrokerbecomesthebuyer/tenant’sagentbyagreeingtorepresentthebuyer,usuallythroughawrittenrepresentationagreement.Abuyer’sagentmustperformthebroker’sminimumdutiesaboveandmustinformthebuyerofanymaterialinformationaboutthepropertyortransactionknownbytheagent,includinginformationdisclosedtotheagentbythesellerorseller’sagent.
AS AGENT FOR BOTH - INTERMEDIARY:Toactasanintermediarybetweenthepartiesthebrokermustfirstobtainthewrittenagreementofeachpartytothetransaction.Thewrittenagreementmuststatewhowillpaythebrokerand,
inconspicuousboldorunderlinedprint,setforththebroker’sobligationsasanintermediary.Abrokerwhoactsasanintermediary:
• Musttreatallpartiestothetransactionimpartiallyandfairly;• May,withtheparties’writtenconsent,appointadifferentlicenseholderassociatedwiththebrokertoeachparty
(ownerandbuyer)tocommunicatewith,provideopinionsandadviceto,andcarryouttheinstructionsofeachpartytothetransaction.
• Mustnot,unlessspecificallyauthorizedinwritingtodosobytheparty,disclose:• thattheownerwillacceptapricelessthanthewrittenaskingprice;• thatthebuyer/tenantwillpayapricegreaterthanthepricesubmittedinawrittenoffer;and• anyconfidentialinformationoranyotherinformationthatapartyspecificallyinstructsthebrokerinwritingnot
todisclose,unlessrequiredtodosobylaw.
AS SUBAGENT:Alicenseholderactsasasubagentwhenaidingabuyerinatransactionwithoutanagreementtorepresentthebuyer.Asubagentcanassistthebuyerbutdoesnotrepresentthebuyerandmustplacetheinterestsoftheownerfirst.
TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH:•Thebroker’sdutiesandresponsibilitiestoyou,andyourobligationsundertherepresentationagreement.•Whowillpaythebrokerforservicesprovidedtoyou,whenpaymentwillbemadeandhowthepaymentwillbecalculated.
LICENSE HOLDER CONTACT INFORMATION:Thisnoticeisbeingprovidedforinformationpurposes.Itdoesnotcreateanobligationforyoutousethebroker’sservices.Pleaseacknowledgereceiptofthisnoticebelowandretainacopyforyourrecords.
LicensedBroker/BrokerFirmNameorPrimaryAssumedBusinessName
DesignatedBrokerofFirm
LicensedSupervisorofSalesAgent/Associate
SalesAgent/Associate’sName
LicenseNo.
LicenseNo.
LicenseNo.
LicenseNo.
Phone
Phone
Phone
Phone
Buyer/Tenant/Seller/LandlordInitials Date
RegulatedbytheTexasRealEstateCommission(TREC)|Informationavailableathttp://www.trec.texas.gov
The information herein is subject to errors or omissions and is not, in any way, warranted by NewQuest Properties or by any agent, independent associate or employee of NewQuest Properties. This information is subject to change without notice.
8827 W. Sam Houston Parkway N. | Suite 200 | Houston, Texas 77040 | 281.477.4300
Home Asset, Inc., dba NewQuest Properties 420076 - (281)477-4300
H. Dean Lane, Jr. 366134 [email protected] (281)477-4300
H. Dean Lane, Jr. 366134 [email protected] (281)477-4300
Leasing | Tenant Representation | Development | Land Brokerage | Acquisition | Property Management
Information About Brokerage ServicesTexas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.
TYPES OF REAL ESTATE LICENSE HOLDERS:• ABROKERisresponsibleforallbrokerageactivities,includingactsperformedbysalesagentssponsoredbythe
broker.• ASALESAGENTmustbesponsoredbyabrokerandworkswithclientsonbehalfofthebroker.
A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents):• Puttheinterestsoftheclientaboveallothers,includingthebroker’sowninterests;• Informtheclientofanymaterialinformationaboutthepropertyortransactionreceivedbythebroker;• Answertheclient’squestionsandpresentanyoffertoorcounter-offerfromtheclient;and• Treatallpartiestoarealestatetransactionhonestlyandfairly.
A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:
AS AGENT FOR OWNER (SELLER/LANDLORD):Thebrokerbecomesthepropertyowner’sagentthroughanagree-mentwiththeowner,usuallyinawrittenlistingtosellorpropertymanagementagreement.Anowner’sagentmustperformthebroker’sminimumdutiesaboveandmustinformtheownerofanymaterialinformationabouttheproertyortransactionknownbytheagent,includinginformationdisclosedtotheagentorsubagentbythebuyerorbuyer’sagent.
AS AGENT FOR BUYER/TENANT:Thebrokerbecomesthebuyer/tenant’sagentbyagreeingtorepresentthebuyer,usuallythroughawrittenrepresentationagreement.Abuyer’sagentmustperformthebroker’sminimumdutiesaboveandmustinformthebuyerofanymaterialinformationaboutthepropertyortransactionknownbytheagent,includinginformationdisclosedtotheagentbythesellerorseller’sagent.
AS AGENT FOR BOTH - INTERMEDIARY:Toactasanintermediarybetweenthepartiesthebrokermustfirstobtainthewrittenagreementofeachpartytothetransaction.Thewrittenagreementmuststatewhowillpaythebrokerand,
inconspicuousboldorunderlinedprint,setforththebroker’sobligationsasanintermediary.Abrokerwhoactsasanintermediary:
• Musttreatallpartiestothetransactionimpartiallyandfairly;• May,withtheparties’writtenconsent,appointadifferentlicenseholderassociatedwiththebrokertoeachparty
(ownerandbuyer)tocommunicatewith,provideopinionsandadviceto,andcarryouttheinstructionsofeachpartytothetransaction.
• Mustnot,unlessspecificallyauthorizedinwritingtodosobytheparty,disclose:• thattheownerwillacceptapricelessthanthewrittenaskingprice;• thatthebuyer/tenantwillpayapricegreaterthanthepricesubmittedinawrittenoffer;and• anyconfidentialinformationoranyotherinformationthatapartyspecificallyinstructsthebrokerinwritingnot
todisclose,unlessrequiredtodosobylaw.
AS SUBAGENT:Alicenseholderactsasasubagentwhenaidingabuyerinatransactionwithoutanagreementtorepresentthebuyer.Asubagentcanassistthebuyerbutdoesnotrepresentthebuyerandmustplacetheinterestsoftheownerfirst.
TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH:•Thebroker’sdutiesandresponsibilitiestoyou,andyourobligationsundertherepresentationagreement.•Whowillpaythebrokerforservicesprovidedtoyou,whenpaymentwillbemadeandhowthepaymentwillbecalculated.
LICENSE HOLDER CONTACT INFORMATION:Thisnoticeisbeingprovidedforinformationpurposes.Itdoesnotcreateanobligationforyoutousethebroker’sservices.Pleaseacknowledgereceiptofthisnoticebelowandretainacopyforyourrecords.
LicensedBroker/BrokerFirmNameorPrimaryAssumedBusinessName
DesignatedBrokerofFirm
LicensedSupervisorofSalesAgent/Associate
SalesAgent/Associate’sName
LicenseNo.
LicenseNo.
LicenseNo.
LicenseNo.
Phone
Phone
Phone
Phone
Buyer/Tenant/Seller/LandlordInitials Date
RegulatedbytheTexasRealEstateCommission(TREC)|Informationavailableathttp://www.trec.texas.gov
The information herein is subject to errors or omissions and is not, in any way, warranted by NewQuest Properties or by any agent, independent associate or employee of NewQuest Properties. This information is subject to change without notice.
8827 W. Sam Houston Parkway N. | Suite 200 | Houston, Texas 77040 | 281.477.4300
Home Asset, Inc., dba NewQuest Properties 420076 - (281)477-4300
H. Dean Lane, Jr. 366134 [email protected] (281)477-4300
H. Dean Lane, Jr. 366134 [email protected] (281)477-4300
I N F O R M A T I O N A B O U T B R O K E R A G E S E R V I C E S
Rev. 12.11.18 DK
