10101 State Highway 56
About This Property
Welcome to 10101 State Highway 56, a beautifully updated brick home nestled on 3.43 acres with a stunning limestone creek running behind the property. This 3-bedroom, 2-bathroom home with an office offers 2,142 sqft of luxurious living space, complemented by a 1,525 sqft detached garage workshop-perfect for car enthusiasts, hobbyists, or additional storage.
Luxury Updates & Features:
? Gourmet Kitchen – New quartz countertops, stainless steel appliances, and a kitchen bar area
? Freshly painted throughout with new hardwood flooring & carpet
? Elegant primary suite with a walk-in closet and spa-like bath featuring a barn door entry & jetted tub
? Oversized bonus room – ideal for a game room, theater, or additional living space
? Guest bath with waterfall shower for a spa-inspired experience
? Home office for remote work or study
Outdoor Oasis & Workshop:
? Breathtaking backyard with a water feature, river rock fire pit, and meticulous stonework
? Detached 1,525 sqft workshop with 4 garage doors, a bathroom, and a utility sink
? Serene limestone creek meandering behind the property-offering privacy, tranquility, and natural beauty
This property combines modern luxury with a peaceful countryside setting, all while being conveniently located in Sherman, TX. Don't miss this rare opportunity-schedule a showing today!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jul 17, 2025 | Sold | ||
| Sold | |||
| Jul 13, 2025 | In contract | - | |
| In contract | |||
| Jun 30, 2025 | Price Decreased |
$459,000
↓ $10K
(2.1%) | |
| Price Decreased | |||
| Jun 19, 2025 | Price Decreased |
$469,000
↓ $6K
(1.3%) | |
| Price Decreased | |||
| Jun 15, 2025 | Price Decreased |
$475,000
↓ $8K
(1.6%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017