503 Terrace Dr, Covington, TN, 38019
About This Home
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.
Getting Around
Somewhat Walkable
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: false
- Year built: 1947
Materials
- Roof: Composition
- Construction materials: Brick
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Refrigerator
Bedroom
- Level: Main
- Area: 120
- Dimensions: 12.0 x 10.0
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 3
- Main level bedrooms: 2
Features
- Flooring: Carpet,Hardwood
- Fireplace features: Masonry
- Fireplace: Yes
Interior Area
- Total interior livable area: 2,070 sqft
Kitchen
- Level: Main
- Area: 156
- Dimensions: 13.0 x 12.0
Master Bedroom
- Level: Main
- Area: 231
- Dimensions: 21.0 x 11.0
Property
Details
- Parcel number: 041G H 006.00
- Special condition: HUD Owned
Features
- Levels: One
Lot
- Lot size: 10,683 sqft
- Lot size dimensions: 75 x 142.45 /145.6
Parking
- Total spaces: 4
- Parking features: Carport
- Covered spaces: 1
- Carport: Yes
- Carport spaces: 1
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Tornado
- Cold Wave
- Heat Wave
- Ice Storm
- Lightning
- Inland Flooding
- Strong Wind
How This Home’s Risks Compare
FEMA Declared Disasters Across Tennessee Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $849 | $10,188 |
| Home Insurance | $125 | $1,500 |
| Property Taxes | $348 | $4,176 |
| Electricity | $175 | $2,103 |
| Total | $1,497 | $17,964 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-07 | Price change | $185,000 |
| 2026-04-07 | Price change | $192,000 |
| 2026-03-10 | Price change | $199,900 |
| 2026-02-06 | Listed for sale | $207,500 |
| 2025-12-08 | Sold | $145,292 |
| 2019-11-21 | Sold | $140,000 |
| 2019-09-24 | Listed for sale | $140,000 |
| 1999-06-14 | Sold | $75,000 |
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