3197 TULIP TREE PLACE
About This Property
The main level features a gourmet kitchen with new quartz countertops, modern soft-close cabinetry, stainless steel appliances, and a large center island. Equipped with a wine cooler, the kitchen space is ideal for everyday meals or entertaining guests. Adjacent is a spacious family room with a cozy gas fireplace, large windows, and easy access to the deck, perfect for indoor-outdoor gatherings. You'll also find a formal dining room and a separate living/study area, plus a convenient half bath and laundry on the main level.
Upstairs you will find with Master Bedroom with a stunning spa-like primary bath featuring a frameless glass walk-in shower with rainfall showerhead, designer tile, pebble stone flooring, and custom niches. Freestanding soaking tub with floor-mounted faucet sits beneath large windows offering abundant natural light. Double vanity with ample storage and modern finishes complete this beautifully updated retreat. The upper level also includes 3 additional well sized bedrooms with updated full Hall Bathroom and abundant closet space.
The fully finished lower level includes a second full kitchen, two bedrooms and a full bath ideal for in-law quarters, a rental suite, or a recreation area. The walk-out level offers extra living flexibility and a storage shed.
Outside, enjoy a large rear deck, ground-level patio with pergola, and a private backyard backing to trees and common area perfect for relaxation and entertaining.
Located in the Hampstead Landing / Southbridge Community, residents enjoy access to community pools, tennis courts, walking paths, tot lots, and a community center, with a golf course membership available nearby. Easy access to Route 1 and I-95 places shopping, dining, and commuter routes just minutes away.
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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 |
|---|---|---|---|
| Mar 12, 2026 | Sold | ||
| Sold | |||
| Feb 24, 2026 | In contract | - | |
| In contract | |||
| Feb 19, 2026 | Relisted | $720,000 | |
| Relisted | |||
| Feb 4, 2026 | In contract | - | |
| In contract | |||
| Jan 21, 2026 | Listed by 1ST Down Real Estate Group, LLC. | $720,000 | |
| Listed by 1ST Down Real Estate Group, LLC. | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017