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$567,657

NAL Estimated Property Value

3388 Sage Rd Unit 1402, Houston, TX, 77056

$573,140 ARVInfo
Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths2,155 Sq Ft
price_per_sqft$277.96 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 3Bathrooms Full 3
Heating CentralHeating Central
CoolingCooling
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

Property Icon
$567,657
Estimated Property Value
$457,960Estimated Mortgage Balance
$109,697Estimated Equity
19% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$573,140
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
No

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
No
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%

City: Houston