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$603,000

3388 Sage Rd Unit 601, Houston, TX, 77056

$628,990 ARVInfo
Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,155 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$294.66 / 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, Wine Refrigerator, Convection Oven, Double Oven, Gas Oven, Microwave, Free-Standing Range, Gas Range, Dryer, Refrigerator, Washer, Dishwasher, Washer/Dryer
FlooringWood

Exterior

Exterior FeaturesOutdoor Kitchen, Dog Run, Balcony

Building Information

Year Built2003

Land Information

APN1240530000010
SubdivisionThe Mercer I Condo
Land UseResidential
Legal DescriptionUNIT 601 .01702 INT COMMON LAND & ELE THE MERCER I CONDO AMEND
Census Tract431902
Assessed Land Value$101,052
Assessed Improvement Value$430,799
Assessment Year2025

About this property

Experience elevated city living in this luxurious, updated 3-bedroom, 3-bath residence offering breathtaking city views from your private balcony. This sophisticated home spans a spacious open layout across a single level, enhanced by soaring ceilings, expansive windows, abundant natural light & a fireplace that anchors the living area. The freshly remodeled kitchen is a chef’s dream with marble countertops, professional-grade appliances, gas cooktop & a generous walk-in pantry. The primary suite features high ceilings, an expansive walk-in closet & an ensuite bath with dual vanities & a walk-in shower. Each secondary bedroom boasts renovated bathrooms for a refined living experience. Additional upgrades include EV charging capability, a new HVAC system under 2 years old & freshly painted interiors. Enjoy assigned parking, a resort-style community pool, fitness center & effortless access to Houston’s major thoroughfares, Galleria, Downtown, Med Center & premier shopping/dining.

Investor Tools

Property Icon
$603,000
Estimated Property Value
$415,000Estimated Mortgage Balance
$25,331Estimated Equity
31% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$628,990
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,810 /month
Positive
Cash Flow Estimate:
$1,270 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$609/month
$1,614/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,289
$531,851
2025
$101,052
$430,799
$531,851
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,289
$531,851

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American Financial Resources Inc
Conventional
$201,000
No
First
Sep 13, 2017
Oct 2032

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$577,669
$32,331
5%
96%
$3,695/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$5,309/mo
$-3,349/mo
3.9%

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 601 | Property Details | No Agent List