1012Days on Market

1view

$297,000

3505 Sage Rd Unit 2206, Houston, TX, 77056

On Market

2 Beds

2 Bath

1,196 Sq Ft

Condos / Townhouses

$248.33 / sqft

Built in 2000

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Heating Central

Cooling

AppliancesElectric Oven, Electric Cooktop

FlooringTile, Wood

Exterior

Exterior FeaturesBalcony

Building Information

Year Built2000

Land Information

APN1222770000221

SubdivisionThe Mark Condo 3rd Amend

Land UseResidential

Legal DescriptionUNIT 2206 .003551 INT COMMON LAND & ELE THE MARK CONDO 3RD AMEND

Census Tract431901

Assessed Land Value$51,446

Assessed Improvement Value$219,324

Assessment Year2025

About this property

**Experience luxury high-rise living in the heart of the Galleria!** This beautiful 22nd-floor corner condo offers breathtaking city views, floor-to-ceiling windows, designer finishes, and a private balcony. The open-concept kitchen features granite countertops, an oversized island, stainless steel appliances, a wine fridge, and includes the washer and dryer. Enjoy resort-style amenities including 24-hour concierge, controlled access, fitness center, pool, spa, sauna, business center, game room, and assigned parking. Ideally located just minutes from the Galleria, River Oaks, premier dining, shopping, entertainment, and major freeways.

Investor Tools

$272,000

Estimated Property Value

$270,019Estimated Mortgage Balance

$15,095Estimated Equity

1% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,782 /month

Positive

Cash Flow Estimate:

$594 /month

Interested in this property?

Maggie Castillo

Realty Of America, LLC

Contact

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$419/month

$1,029/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$3,672

$270,770

2025

$51,446

$219,324

$270,770

Tax History

Year

Tax Paid

Assessed Value

2024

$3,672

$270,770

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Cornerstone Home Lending

Fha

$270,019

Yes

First

Nov 30, 2023

Dec 2053

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$256,905

$15,095

94%

$1,619/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,960/mo

$2,648/mo

$-688/mo

8.6%

Learn About the Market: Opportunity in Houston

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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.

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