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Owner Contacts

$567,657

NAL Estimated Property Value

3388 Sage Rd Unit 1402, Houston, TX, 77056

$632,590 ARV

Off Market

2 Beds

3 Bath

2,155 Sq Ft

Condos / Townhouses

$277.96 / sqft

Built in 2003

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 2

Bathrooms Full 3

Heating Central

Cooling

AppliancesDisposal, Double Oven, Gas Oven, Microwave, Gas Range, Refrigerator, Dishwasher, Washer/Dryer

FlooringTile, Wood

Exterior

Exterior FeaturesBalcony

Building Information

Year Built2003

Land Information

APN1240530000025

SubdivisionThe Mercer I Condo

Land UseResidential

Legal DescriptionUNIT 1402 .01702 INT COMMON LAND & ELE THE MERCER I CONDO AMEND

Census Tract431902

Assessed Land Value$107,855

Assessed Improvement Value$459,802

Assessment Year2025

About this property

Sky-high living, Houston style! Located in a prime Galleria location, less commute time means more moments to savor the incredible skyline views! Situated on the 14th floor of the Mercer, this high-rise condo is a blank palette; pristine and ready for your personal style! Versatile, neutral color palette. Tall ceilings. Formal dining. Livingroom with cozy fireplace, tray ceilings, views and balcony access. Island kitchen with professional grade appliances, granite counters and casual seating. Study/Home Office could be an additional bedroom. Primary bedroom with natural light, city views, huge closet and ensuite offering soaking tub, separate shower and double vanity. Laundry room in unit. Amazing building! 24 hr. concierge. Sparkling pool and hot tub. Exercise room. Dog park. Minutes to world-class dining, shopping, and entertainment! Easy access to Uptown, River Oaks, Memorial, 610 & 59!

Investor Tools

$567,657

Estimated Property Value

$457,960Estimated Mortgage Balance

$109,697Estimated Equity

19% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

$632,590

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,594 /month

Positive

Cash Flow Estimate:

$1,198 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,340/month

$1,334/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$13,239

$567,657

2025

$107,855

$459,802

$567,657

Tax History

Year

Tax Paid

Assessed Value

2024

$13,239

$567,657

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Nexera Holding Llc

Conventional

$472,000

First

Sep 11, 2024

Oct 2054

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$457,960

$109,697

19%

81%

$2,830/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,960/mo

$4,164/mo

$-2,204/mo

4.1%

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