503 Terrace Dr

Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

This quaint home is located on a corner lot convenient to all amenities Covington has to offer. With over 2000 sq ft possibilities are endless. This home has 2BR and 3 ba with room to expand. The living room centered with fireplace and formal dining attached add to the appeal. The separate den has built ins for a custom feel. Call your realtor to set a time to look inside, Available for immediate occupancy.This quaint home is located on a corner lot convenient to all amenities Covington has to offer. With over 2000 sq ft possibilities are endless. This home has 2BR and 3 ba with room to expand. The living room centered with fireplace and formal dining attached add to the appeal. The separate den has built ins for a custom feel. Call your realtor to set a time to look inside, Available for immediate occupancy.
  1. Listed by Barbara Wilson • Unique Properties

Property Details for 503 Terrace Drive

Area
623C
Style
Traditional
MAAR Subdivision Name
WALKER-JOHNSON
Legal Subdivision Name
WALKER&JOHNSON SUB
LISTING UPDATED: 02/06/2026 03:29 PM

Property Details for 503 Terrace Drive

StatusActive
MLS #10214131
Days on Market1
Taxes$1,134 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Detached Single Family / No
Year Built1947
Lot Size3.00 AC / 130,680 SF
CountyTipton County

Location

Listing Courtesy of Unique Properties
Add your commute

Building Information for 503 Terrace Drive

Stories1Year Built1947Building Size-Lot Size3.00 AC / 130,680 SF

Payment Calculator

$1,106 per month

30 year fixed, 6.15% Interest

Principal and Interest

$1,011

Property Taxes

$95

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 503 Terrace Drive

Summary
Location and General Information
  • Address: 503 TERRACE DR
  • Address Search Number: 503
  • Directions: Hwy 51 N to Covington, turn right on Terrace Drive. Home is on the corner on right
  • Geo Match Code: 0
  • Geo Matched Method: 0
  • Geo Quality: .95
  • Geo Update Timestamp: 02-06-2026
  • Geo Zoom Level: 16.00
  • Map Coordinate: C
  • MLS Map Num: Tipton - North
  • Neighborhood Association: None
Parking
  • Parking Display: C2A
  • Parking/Storage: Driveway/Pad, Storage Room(s), Side-Load Garage
Taxes and HOA Information
  • LVT Date: 02-06-2026
Property
Lot Information
  • Lot Size: 75 X142.45 /145.6
  • Acreage: 3.00
  • Lot Num: 5
  • Lot Description: Some Trees, Level, Corner, Landscaped, Professionally Landscaped
  • Parcel ID: 041G 041G H00600
Property and Assessments
  • Detached Unit Type: General Residential
  • Flood Insurance Required: No
  • Foundation: Conventional
  • Prop Construction Status: Existing Property
  • Service Type: Full Service Listing
  • Termite Contract: No
Utilities
  • Cooling: Central
  • Water & Sewer: Electric Water Heater, Public Water, Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior/Windows: Brick Veneer, Vinyl Siding, Storm Door(s), Steel Insulated Door(s)
  • Misc Exterior: Wrought Iron Security Drs, Storage Building, Porch, Patio
  • Misc. Interior: All Window Treatments, Pull Down Attic Stairs
  • Pool Description: None
  • Roof: Composition Shingles
Interior Features
  • Num of Fireplaces: 1.0
  • 1st Story Floor Plan: Living Room, Dining Room, Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 2 or More Baths, Laundry Room
  • Additional Br/Bath Info: All Bedrooms Down, Primary Down, Split Bedroom Plan
  • Bedroom 2 Description: Carpet
  • Bedrooms Down: 2.0
  • Den Great Room Dimensions: 19x15
  • Dining Room Dimensions: 12x12
  • Fireplace: Masonry, Ventless Gas Fireplace, In Living Room
  • Floors/Ceilings: Part Hardwood, Sprayed Ceiling
  • Heating: Central
  • Interior Equipment: Disposal, Dishwasher, Refrigerator, Cable Available
  • Kitchen Dimensions: 13x12
  • Living Room Dimensions: 19x13
  • Living/Dining/Kitchen: Separate Living Room, Separate Dining Room, Separate Den, Pantry, Washer/Dryer Connections
  • Other Rooms: Laundry Room
  • Total Baths: 3

Property History for 503 Terrace Drive

DateEvent & SourcePriceAppreciation
Feb 6, 2026

Listed (Active)

MAARMLS #10214131

$207,500
Nov 21, 2019

Sold (Public Record)

Public Record #658284263

$140,000
Nov 21, 2019

Sold

MAARMLS #10062560

$140,000
Sep 26, 2019

Contract Signed

MAARMLS #10062560

Sep 24, 2019

Listed (Active)

MAARMLS #10062560

$140,000
Jun 16, 1999

Sold

MAARMLS #9908001

$75,000
Jun 12, 1999

Contract Signed

MAARMLS #9908001

May 1, 1999

Listed (Active)

MAARMLS #9908001

$89,900
DateEvent & SourcePrice
02/06/2026

Listed (Active)

MAARMLS #10214131

$207,500
11/21/2019

Sold (Public Record)

Public Record #658284263

$140,000
11/21/2019

Sold

MAARMLS #10062560

$140,000
09/26/2019

Contract Signed

MAARMLS #10062560

09/24/2019

Listed (Active)

MAARMLS #10062560

$140,000
06/16/1999

Sold

MAARMLS #9908001

$75,000
06/12/1999

Contract Signed

MAARMLS #9908001

05/01/1999

Listed (Active)

MAARMLS #9908001

$89,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 503 Terrace Drive

Taxable ValueLand$4,050Additions$40,700Total$44,750
Home Facts
Beds0Total Finished SqFt2,070 SqFtAbove Grade Finished SqFt2,070 SqFtStories1Lot Size10,725 SqFtStyleSingle Family ResidenceYear Built1947Year Renovated1975CountyTIPTONAPN041G H 00600Fireplace TypeHas Fireplace

Schools near 503 Terrace Drive

This home is within Tipton County School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
Crestview Elementary School
PublicPK to 5

Crestview Middle School
Public6 to 8

Covington High School
Public9 to 12

Charger Academy
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

503 Terrace Drive is a single family home for sale in Covington, TN 38019. This property was listed for sale on February 6, 2026 by Unique Properties, it's currently listed at $207,500. It has been on the market for a total of 0 days and was last sold on November 21, 2019. This listing's school district is Tipton County School District. Nearby schools include Crestview Elementary School, Crestview Middle School and Covington High School. 503 Terrace Drive is a 2-bed, 3-bath, single family home built in 1947.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Unique Properties

The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Services of MAAR and Central West Tennessee Association of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Compass are identified with the MAAR and Central West Tennessee Association of Realtors logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. All information should be verified by the recipient and none is guaranteed as accurate by MAAR and Central West Tennessee Association of Realtors. Listing information Copyright© 2026 MLS of MAAR and Central West Tennessee Association of Realtors, Inc. All Rights Reserved.