3197 Raintree Ln
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 24, 2025 | Sold | ||
| Sold | |||
| Nov 19, 2025 | In contract | - | |
| In contract | |||
| Oct 27, 2025 | In contract | - | |
| In contract | |||
| Oct 1, 2025 | Listed by RE/MAX Professionals DTC | $575,000 | |
| Listed by RE/MAX Professionals DTC | |||
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Welcome home to contemporary living on a large lot in the family-friendly community of Sweetgrass; this is 3197 Raintree Lane. Beautiful LVP flooring, grand 9' ceilings, fresh paint, and abundant natural light greet you upon entry and unfold to over 2,500+ sqft of functional living and entertaining space. The living and dining areas seamlessly connect to the well-appointed kitchen featuring granite counters, 42" espresso cabinetry with nickel hardware, a stainless steel appliance package, tile backsplash, and a walk-in pantry. Steps off the kitchen is the sizeable family room, the ideal spot for family movie nights or watching the big game. Step outside to a paver patio with a starlight umbrella for maximum summer shade while overlooking one of the largest lots in the community. Upstairs, new carpet (2025) unfolds into the private living quarters, comprised of two generously sized secondary bedrooms, a full bath, laundry, a bonus loft - perfect for a playroom, game room, or home gym, and the primary suite. This spacious retreat features a large walk-in closet and an upgraded 5-piece bath with a glass walk-in shower. Additional features of this turnkey residence include a main-floor home office, custom window treatments throughout, a 50-gal water heater, and an unfinished plumbed basement for future expansion. The community outdoor pool, parks, and miles of trails are just steps from your front door, and shopping, dining, and major roadways are only minutes away. Do not miss your opportunity to experience this contemporary home in an ideal location; book your showing today!
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| Sep 4, 2025 | Listed by RE/MAX Professionals | $575,000 | |
| Listed by RE/MAX Professionals | |||
| | |||
|
Welcome home to contemporary living on a large lot in the family-friendly community of Sweetgrass; this is 3197 Raintree Lane. Beautiful LVP flooring, grand 9' ceilings, fresh paint, and abundant natural light greet you upon entry and unfold to over 2,500+ sqft of functional living and entertaining space. The living and dining areas seamlessly connect to the well-appointed kitchen featuring granite counters, 42" espresso cabinetry with nickel hardware, a stainless steel appliance package, tile backsplash, and a walk-in pantry. Steps off the kitchen is the sizeable family room, the ideal spot for family movie nights or watching the big game. Step outside to a paver patio with a starlight umbrella for maximum summer shade while overlooking one of the largest lots in the community. Upstairs, new carpet (2025) unfolds into the private living quarters, comprised of two generously sized secondary bedrooms, a full bath, laundry, a bonus loft - perfect for a playroom, game room, or home gym, and the primary suite. This spacious retreat features a large walk-in closet and an upgraded 5-piece bath with a glass walk-in shower. Additional features of this turnkey residence include a main-floor home office, custom window treatments throughout, a 50-gal water heater, and an unfinished plumbed basement for future expansion. The community outdoor pool, parks, and miles of trails are just steps from your front door, and shopping, dining, and major roadways are only minutes away. Do not miss your opportunity to experience this contemporary home in an ideal location; book your showing today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017