1331 Ruby Way
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 |
|---|---|---|---|
| Sep 26, 2026 | In contract | - | |
| In contract | |||
| Sep 9, 2026 | Listed | $1,050,000 | |
| Listed | |||
| Sep 1, 2026 | No longer available | - | |
| No longer available | |||
| Jul 7, 2026 | Price Decreased |
$1,200,000
↓ $130K
(9.8%) | |
| Price Decreased | |||
| Feb 9, 2026 | Listed | $1,330,000 | |
| Listed | |||
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**Seller will offer $24,000 to buydown the interest rate upon receiving a full price offer.**
Luxury Living Designed for the Way You Live
Welcome to Rainbow Ridge, where timeless design, generous living spaces, and exceptional functionality come together in one remarkable home.
From the moment you arrive, you'll notice this home was built to be lived in. Whether you're hosting holiday dinners, working from home, restoring a classic car, or welcoming family for the weekend, every space has a purpose.
The beautifully updated kitchen features warm Tuscan-inspired finishes, abundant workspace, and an effortless flow into the surrounding living areas-perfect for everyday meals and memorable gatherings. A formal dining room and multiple living spaces provide room for entertaining and relaxing.
Natural light fills the enclosed sunroom, already equipped with a 220-volt hookup for a future hot tub. Step outside to the spacious shaded patio, surrounded by mature landscaping that creates a private setting for summer evenings.
Upstairs, the private primary suite includes a dedicated office for today's remote professional and a versatile bonus room ideal as a media room, playroom, fitness studio, or additional living space.
The finished basement offers exceptional flexibility for guests, recreation, hobbies, or multigenerational living.
Car enthusiasts and hobbyists will appreciate the oversized heated four-car garage with epoxy flooring, generous workspace, and room for projects. Dedicated RV parking with hookups adds even more convenience for Colorado adventures.
Situated on a beautifully landscaped lot in one of Longmont's most established neighborhoods, this home offers a rare combination of elegance, comfort, flexibility, and functionality.
More than a luxury home, it's a home designed to support the lifestyle you've worked hard to build.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017