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$1,333,855

NAL Estimated Property Value

3388 Sage Rd Unit 3100, Houston, TX, 77056

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths4,600 Sq Ft
price_per_sqft$298.91 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Refrigerator Included, Double Oven, Gas Range, Indoor Grill, Refrigerator, Dishwasher, Washer/Dryer
FlooringTravertine, Wood

Exterior

Exterior FeaturesBalcony/Terrace, Exercise Room, Trash Chute, Dog Run

Building Information

Year Built2003

Land Information

APN1240530000054
SubdivisionThe Mercer I Condo
Land UseResidential
Legal DescriptionUNIT 3100 .03425 INT COMMON LAND & ELE THE MERCER I CONDO AMEND
Census Tract431902
Assessed Land Value$253,432
Assessed Improvement Value$1,080,423
Assessment Year2025

About this property

Elevate your lifestyle on the top floor of The Mercer. The panoramic views are absolutely STUNNING from the 58 ft deck & every bedroom features its own striking views. This 4,600 sq ft grand residence boasts generous open living spaces, 12 ft ceilings, private elevator lobby, plenty of storage & many thoughtful details. This home was built for entertaining w/multiple oversized living spaces, floor to ceiling windows, a unique wet bar, a chef’s kitchen with oversized island & bkfst area, abundant storage, professional Viking gas stove w/6 burners, grill & double ovens, and oversized formal dining room to accommodate your biggest feasts. The Primary Suite has views from two sides with the serene en-suite bath featuring updated cabinets, counters & separate tub/shower. There are two add’l bedrooms + bonus study. The Mercer has an updated pool & exercise room, 24-hr concierge & dog run. Perfectly located near everything the Galleria has to offer, your next home should be here.

Investor Tools

Property Icon
$1,333,855
Estimated Property Value
$1,098,662Estimated Mortgage Balance
$235,193Estimated Equity
17% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,250 /month
Positive
Cash Flow Estimate:
$2,750 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,157/month
$2,847/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$19,217
$1,333,855
2025
$253,432
$1,080,423
$1,333,855
No

Tax History

Year
Tax Paid
Assessed Value
2024
$19,217
$1,333,855

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Citibank Na
Conventional
$1,125,000
No
First
Sep 17, 2024
Oct 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,098,662
$235,193
17%
82%
$6,297/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$9,144/mo
$-6,564/mo
2.3%

City: Houston

3388 Sage Rd Unit 3100 | Property Details | No Agent List