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B+
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$618,000

3388 Sage Rd Unit 1901, Houston, TX, 77056

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,155 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$287.24 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Convection Oven, Double Oven, Gas Oven, Microwave, Free-Standing Range, Gas Cooktop, Dryer, Washer, Dishwasher, Washer/Dryer, Oven, Refrigerator
FlooringWood

Exterior

Exterior FeaturesBalcony

Building Information

Year Built2003

Land Information

APN1240530000034
SubdivisionThe Mercer I Condo
Land UseResidential
Legal DescriptionUNIT 1901 .01702 INT COMMON LAND & ELE THE MERCER I CONDO AMEND
Census Tract431902
Assessed Land Value$112,396
Assessed Improvement Value$479,162
Assessment Year2025

About this property

Revel in a luxurious lifestyle in the premier Galleria area! This gem offers high-rise living at its finest w a lovely balcony & 270 degrees of unobstructed views. Exquisitely designed with 12-foot ceilings, a multitude of huge windows, and beautiful crown molding throughout. The entire living space presents plenty of natural light and an expansive open floor plan that is ideal for social gatherings or intimate evenings. Blending classy aesthetics with modern-day living, the kitchen features top-of-the-line appliances, Viking wine refrigerator, Viking professional gas range with double ovens, six burners and griddle, dishwasher, GE Profile microwave, and a sizable pantry. The unit also offers three bedrooms with 3 full baths along with generous storage spaces, and a full-size laundry room. Enjoy being just a mere 5-minute walk away from the Galleria/Uptown and wine & dine in multiple 5-star dining spots nearby. Easy access to the Southwest Freeway, Loop 610, and the Westpark Toll Road!

Investor Tools

Property Icon
$618,000
Estimated Property Value
$540,000Estimated Mortgage Balance
$127,692Estimated Equity
13% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,714 /month
Positive
Cash Flow Estimate:
$1,238 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,407/month
$1,209/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$13,797
$591,558
2025
$112,396
$479,162
$591,558
No

Tax History

Year
Tax Paid
Assessed Value
2024
$13,797
$591,558

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
North American Savings Bank Fsb
Conventional
$540,000
No
First
Jul 29, 2021
Aug 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$490,308
$142,692
22%
79%
$3,238/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$4,447/mo
$-2,487/mo
3.8%

Learn About the Market: Opportunity in Houston

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Explore

Houston

Houston is one of the most economically diverse metros in the country — and one of its most globally connected. Known as the Energy Capital of the World, the city also anchors the Texas Medical Center, a massive port, and a thriving aerospace presence tied to NASA’s Johnson Space Center.

From refinery corridors to world-class hospitals, from international trade routes to master-planned suburbs like The Woodlands and Katy, Houston’s economy runs deep and wide. It’s a city built on industry, immigration, and resilience — with housing markets as varied as its population.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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3388 Sage Rd Unit 1901 | Property Details | No Agent List