505 S Glacier Drive, Sherman, TX 75092

• 4 beds |
• 3 baths |
• 3,283 sqft

Property 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!

Listing Status:

Active

Data Last Updated:

October 14, 2026 at 7:17AM

Listing Office:

Bryan Blagg Real Estate : 817-939-8488

Listing Agent:

Bryan Blagg :

Contact:

817-939-8488

MLS ID:

21366995

Interior

• General: Decorative/Designer Lighting FixturesGranite CountersHigh Speed InternetWalk-In Closet(s)
• Appliances: Built-In Gas RangeDryerDishwasherDisposalGas Water HeaterMicrowaveTrash CompactorVented Exhaust Fan
• Laundry: Washer HookupElectric Dryer Hookup
• Flooring: CarpetCeramic TileWood
• A/C: Central AirElectric
• Heating: CentralNatural Gas
• Fireplace: Living RoomPrimary BedroomFireplaceFireplaces: 2

Exterior

• Style: TraditionalDetached
• Pool: None
• Parking: Additional ParkingAggregateCircular Driveway

Construction

• Roofing: Composition
• Windows: Window Coverings
• General: Brick2Slab

Location

• Originating MLS: NTR
• School District: Sherman ISD
• County: Grayson

Lot

• Zoning: PARKHAVEN ADDN SEC 1BLOCK 5LOT 2ACRES .162966

Utilities

• Utilities: Electricity ConnectedSewer AvailableWater Available
• Water: Public
• Sewer: Public Sewer

Financial

• Source: NTR