10501 Dobbs Road
About This Property
Built in 2005, the 4-bedroom, 3.5-bath home with office has been freshly remodeled with new flooring, paint, and finishes throughout. Large windows fill the home with natural light and elevated country views, while a functional kitchen flows into spacious dining and living areas anchored by a fireplace. A large primary suite, 2-3 car garage, in-ground storm shelter, and private water well drawing from the Central Oklahoma Aquifer complete the home.
Outside, Bermuda and native grasses grow over clay and sandy loam soils, with mature oaks providing shade and character. The property is fenced and cross-fenced for cows, horses, goats, or other livestock, while whitetail deer, turkey, and small game offer hunting right at home. Two ponds are currently dry following drought conditions but provide future water potential.
Tucked away on a quiet dirt county road, the property is just 2 miles from freshly paved Luther Road, 10 minutes from Luther, 30 minutes from Guthrie or Edmond, and 35 minutes from downtown OKC. For someone wanting an updated home, usable acreage, Luther Schools, and country living within reach of the metro, the Logan 15 is a perfect fit.
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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%.
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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.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 22, 2026 | Listed by Midwest Land Group | $675,000 | |
| Listed by Midwest Land Group | |||
| Nov 7, 2025 | Sold | ||
| Sold | |||
| Oct 28, 2025 | In contract | - | |
| In contract | |||
| Oct 14, 2025 | Listed by Your Home Sold Gtd-Kerr/Norman | $375,000 | |
| Listed by Your Home Sold Gtd-Kerr/Norman | |||
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3300 FOOT HOME ON 30 ACRES is about 70% completed and totally livable inside, though unfinished, specifically in the primary bedroom and bath, formal living and in the formal dining room. Other rooms need completed with final finishes. Fully functional, nice kitchen. This is a quiet, country setting. This land tract is appx 495' on Dobbs Rd and is appx 2642' in depth, with rolling terrain and trees mostly along the western border of the property. Some settlement cracks are evident. Sellers obtained 2 estimates, one for $12,000 and another for $16,000. Roof shingles are aged (believed to be about 16 yrs in age,) though the roof shows no signs of leaking. The acreage is mostly unimproved and the black storage building on the north side of the home does not remain with the home. SELLER DIRECTS THAT THE HOME BE LISTED FOR SALE ON THE MARKET FOR A MINIMUM OF 10 DAYS BEFORE CONSIDERING ANY OFFERS. HOME TO BE SOLD STRICTLY AS-IS WITH SELLER TO MAKE NO REPAIRS and BUYER MUST COMPLETE ALL DESIRED INSPECTIONS PRIOR TO MAKING AN OFFER TO PURCHASE. EARNEST MONEY TO BE $10,000 AND IS NON-REFUNDABLE AFTER CONTRACT ACCEPTANCE BY SELLER (unless by fault of seller.) CASH OFFERS OR BANK-APPROVED CONSTRUCTION LOANS ONLY, NO FHA OR VA OFFERS WILL BE CONSIDERED. Until Luther Road reopens (currently under construction,) take RT 66 out of Edmond and go 15 miles east to Harrah-Newalla Road. Then North 5 miles to Charter Oak Rd. Follow Charter Oak 1 mile west to Dobbs Road. The home and property are 1/2 mile North of Charter Oak on Dobbs Road. Call Listing Broker for questions.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017