3243 Princess Lane
About This Property
Lovingly maintained by the current owners for the past nine years, this home features a light-filled open-concept floor plan perfect for both everyday living & entertaining. The thoughtfully designed kitchen boasts shaker-style cabinets with soft-close drawers, stainless steel appliances, natural stone countertops, and abundant storage. Gorgeous hardwood floors flow throughout all living areas, kitchen & hallways, creating a cohesive feel.
With 3 generously sized bedrooms & 2.5 baths, there's room for everyone. The primary suite is a peaceful retreat, complete with a large walk-in closet, dual vanities, & an oversized shower with frameless glass. The spacious laundry room offers additional storage & leads directly to the attached two-car garage. The lush backyard, cultivated & cared for by avid gardeners, offers a serene outdoor escape with extensive landscaping, flagstone pathways, and thoughtful lighting that enhances the entire yard.
Significant updates include fresh interior paint and a new water heater installed in 2025. A complete home renovation in 2016 brought new electrical, plumbing, HVAC, roof & windows. Additional enhancements include a remodeled laundry room, gutter guards, a Rachio smart sprinkler system with micro drip irrigation in the landscape beds, an automatic wrought iron gate, wood privacy fence, garage pegboard & workbench storage, and new attic access with flooring for extra storage.
Buyers are eligible to join Sparkman Club, with swimming, tennis, and year-round activities.
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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 |
|---|---|---|---|
| Oct 8, 2025 | Sold | ||
| Sold | |||
| Sep 9, 2025 | In contract | - | |
| In contract | |||
| Sep 4, 2025 | Listed by Russell Trenary, Realtors | $695,000 | |
| Listed by Russell Trenary, Realtors | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017