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505 S Glacier Dr

Sherman, TX 75092
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4 Bedroom(s)
2 Full & 1 Half Bath(s)
3,283 Sqft
0.34 Lot Acres
Residential - Single Family

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Description

Sturdy Custom Build with Incredible Value-Add Potential & 2.5% Assumable FHA Loan! Crafted with high-quality 2x6 exterior walls and elegant crown molding throughout. This property is a rare find, packed with premium upgrades like a butler’s pantry, custom granite countertops, and a clever storage closet tucked under the staircase. New roof in 2023. Lots of space for parking with a large circle drive in the front and a large concrete area in the rear. While the home is fully livable, it is ready for cosmetic updates and repairs (including sheetrock, flooring, paint, and fixtures) to truly restore its luster. This is the ultimate dream project for an ambitious homeowner or savvy investor looking to build immediate equity. The Mega Value-Add Opportunity: Currently standing at a spacious 3,283 sqft, this home features an incredible layout that can easily expand to 3,800 sqft. The roof and foundation are already in place for the expansion—all it takes is adding an exterior wall and extending electricity and HVAC duct work. A complete renovation plan is already drawn up, detailing how to seamlessly transform this into a 4-bedroom, 3-bathroom masterpiece. The home can even be renovated for a 3rd full bath and second primary bedroom upstairs. Unbeatable Silver Lining: Lock in an unprecedented, historically low 2.5% APR assumable FHA loan! Skip today's high interest rates and take over a spectacular financing rate. If you are looking for a rewarding project with a massive financial upside, let’s discuss the renovation plans today!

MLS#
NTREIS-21366995
List Price
$550,000 ($168/Sqft.)
Listing Status
For Sale
Address
505 S Glacier Dr
City
Sherman
State
TX
Zip Code
75092
County
Grayson County
Subdivision
Parkhaven Add Sec 1
Legal Description
PARKHAVEN ADDN SEC 1, BLOCK 5, LOT 2, ACRES .
Property Type
Residential - Single Family
Bedroom
4 Bedroom(s)
Bath
2 Full & 1 Half Bath(s)
Garages
2 / Attached
Stories
2
Building Size
3,283 Sqft/Appraisal District
Architecture Style
Traditional
Year Built
1986 /Appraisal District
Lot Size
0.34 Lot Acres/OTHER

Rooms

Living
16 x 16, 1st
Dining
12 x 11, 1st
Kitchen
11 x 10, 1st
Breakfast
11 x 9, 1st
Primary Bedroom
23 x 13, 1st
Bedroom
13 x 12, 1st
Bedroom
15 x 15, 2nd
Bedroom
21 x 13, 2nd
Bath
12 x 8, 2nd
Half Bath
8 x 6, 1st
Utility Room Desc
10 x 10, 1st

Interior

Number Of Living Area
1
Fireplace
2/Living Room,Master Bedroom
Floors
Carpet, Ceramic Tile, Wood
Cooling
Central Air
Heating
Central, Natural Gas
Window
Window Coverings
Appliances
Built-in Gas Range, Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Trash Compactor, Vented Exhaust Fan
Interior
Decorative Lighting, Granite Counters, High Speed Internet Available, Walk-In Closet(s)

Exterior

Roof
Composition
Foundation
Slab
Private Pool
No
Exterior Type
Brick
Garage Size
23 X 25
Parking
Additional Parking, Aggregate, Circular Driveway
Parking Space
Garage 2 / Carport 0 / Total Covered 2
Porch
Covered
Utility
City Sewer,City Water,Electricity Connected

Extra details you may need to know

Dwelling Type
Single Detached

Lot Information

Lot Size
0.34 Lot Acres /OTHER
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Disclaimer: Lot configuration and dimensions are estimates, not based on personal knowledge and come from a third party (Digital Map Products); therefore, you should not rely on the estimates and perform independent confirmation as to their accuracy
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Information source

North Texas Real Estate Information Systems, Inc.
Source last updated Aug 24, 2026 at 04:46 PM
Listing last updated Aug 22, 2026 at 10:57 AM
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Estimated Monthly Payments

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Loan Term
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Presented by TimeValue Software ©2021
Principal & InterestTaxes30.4%69.6%
Listing TaxNumbers
Principal & Interest2,841
Taxes1,242
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Notice & Disclaimer
School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.
Copyright© 2026 , HOUSTON REALTORS® INFORMATION SERVICE, INC. All Rights Reserved. Data Not Verified/Guaranteed by MLS
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