503 Terrace Dr, Covington, TN 38019 Property Records

Tipton County property record for 503 Terrace Dr, Covington, TN 38019

Property Summary

Property Type	Single Family Home
Details	2 ba · 2,070 sqft · built 1947
Lot Size	0.246 acres (10,725 sqft)
Owner	Company Name on Record
Last Sale	$145,292 (Dec 2025)
Tax Bill	$1,026 (2022)
Deeds & Mortgages	Dec 2025 Foreclosure Aug 2023 Second Mortgage + 2 more
Flood Zone	Zone X (minimal risk)
APN	`084041G H 00600`

Property Details

APN / Parcel Number

Primary APN	`084041G H 00600`
Alternative APN	`041G H 00600`

Interior

Full Baths	2 Baths
Plumbing Fixtures	6 Plumbing Fixtures
Stories	1 Story
Building Area	2,070 sqft Living Area
1st Floor Area	2,070 sqft
Utility Room	Utility Room
Flooring	Carpet
Interior Walls	Paneling
Fireplaces	1 Fireplace
Fireplace	Fireplace

Exterior

Year Built	Built 1947
Effective Year Built	Effective 1975
Exterior Material	Brick
Foundation Type	Footing
Roof Type	Gable/Hip
Roof Material	Composition Shingle
Lot Area	10,725 sqft (0.246 acres)
Lot Dimensions	143 ft deep x 75 ft wide
Terrain	Rolling
Garage Type	Carport
Garage Area	552 sqft
Carport	Carport
Carport Area	552 sqft
Parking Spaces	2 Parking Spaces

Exterior Amenities

Porch	Slab
Porch Area	128 sqft
Deck Area	160 sqft
Patio Area	290 sqft

Utilities, Heating & Cooling

Cooling System	Package A/C
Heating System	HVAC
Sewer	Municipal
Water Source	Commercial

Location & Zoning

Street Address	503 TERRACE DR
City	COVINGTON
State	TN
Zip	38019-3033
Property Category	Residential
Property Type	Residential > Single Family > Home
Legal Description	DISTRICT: 01, COUNTY AREA: C44
Legal Subdivision	WALKER&JOHNSON SUB
Legal Lot Number	5
Jurisdiction	TIPTON TN
Township / Civil Division	2
Census Block Group	4
Census Block	4012
Census Tract	40700

Owner

Source: Tipton County records, as of October 20, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Company Name on Record
Mailing Address	11988 EXIT 5 PKWY, 4, FISHERS, IN 46037-8022
Owner Type	Company
Vesting	Company

Deeds, Mortgages & Sale History

Date	Document
Dec 8, 2025	Deed, Foreclosure
Aug 9, 2023	Deed of Trust, Mortgage · Stand-Alone Second Mortgage FREEDOM MORTGAGE CORP
Mar 1, 2022	Deed of Trust, Mortgage · FHA Mortgage FREEDOM MORTGAGE CORP
Nov 22, 2019	Warranty Deed, Transfer

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Dec 8, 2025 · Amount on Record
Deed Sale	Dec 8, 2025 · Amount on Record
Prior Sale	Nov 22, 2019 · Amount on Record
Deed Document Number	2025288635
Deed Book / Page	2106 / 464
Prior Transfer Date	Nov 28, 2025
Prior Transfer Doc	0002106464
Record Updated	Oct 29, 2026

December 2025: Deed, Foreclosure

Document Type	Deed
Jurisdiction	TIPTON TN
Recording Date	Dec 8, 2025
Property Address	503 TERRACE DR, COVINGTON, TN 38019-3033
Document Number	0002106464
Book / Page	2106 / 464
Instrument Date	Nov 28, 2025
Instrument	288635
Transaction Type	Foreclosure
Record Updated	Dec 17, 2025

Transaction

Amount	Amount Recorded
Tax	$537.58
Amount Accuracy	Full Amount Stated
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	11988 EXIT 5 PKWY # 4, 4, FISHERS, IN 46037-7939

August 2023: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	TIPTON TN
Property Address	503 TERRACE DR, COVINGTON, TN 38019-3033
Transaction Type	Mortgage
Record Updated	Nov 10, 2023

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	503 TERRACE DR, COVINGTON, TN 38019-3033

Mortgage

Document Number	0002009513
Date	Aug 9, 2023
Book Page	2009/513
Instrument	268295

Lender

Name	FREEDOM MORTGAGE CORP
Type	Subprime Lender
Address	MOUNT LAUREL, NJ 08054

Agreement

Type	Stand-Alone Second Mortgage
Amount	Amount Recorded
Term	355 Months
Due	Mar 1, 2053

March 2022: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	TIPTON TN
Property Address	503 TERRACE DR, COVINGTON, TN 38019-3033
Transaction Type	Mortgage
Record Updated	Nov 10, 2023

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	503 TERRACE DR, COVINGTON, TN 38019-3033

Mortgage

Document Number	0001948283
Date	Mar 1, 2022
Book Page	1948/283
Instrument	254584

Lender

Name	FREEDOM MORTGAGE CORP
Type	Subprime Lender
Address	DENVER, CO 80249

Agreement

Type	FHA Mortgage
Amount	Amount Recorded
Term	333 Months
Due	Dec 1, 2049

November 2019: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	TIPTON TN
Recording Date	Nov 22, 2019
Property Address	503 TERRACE DR, COVINGTON, TN 38019-3033
Document Number	0001822352
Book / Page	1822 / 352
Instrument Date	Nov 21, 2019
Instrument	228491
Transaction Type	Transfer
Record Updated	Jul 1, 2022

Transaction

Amount	Amount Recorded
Tax	$0.00
Amount Accuracy	Full Amount Stated
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	503 TERRACE DR, COVINGTON, TN 38019-3033

Tax Assessment & Valuation

Source: Tipton County assessment roll, as of January 21, 2026

Property Jurisdictions

Type	Name
State	Tennessee
County	Tipton County
Municipality	Covington City
Unified School District	Tipton County School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025		$44,750 (-) Land $4,050 Building $40,700
2024		$44,750 (-) Land $4,050 Building $40,700
2023		$44,750 (+43.2%) Land $4,050 Building $40,700
2022	$1,026.00	$31,250 Land $2,975 Building $28,275	$125,000 (-30.17%) Land $11,900 Building $113,100
2020			$179,000 Land $16,200 Building $162,800

Assessed value and assessed market value are set for property tax purposes, not market price estimates; both are a fraction of this property's market value.

Flood

Source: FEMA National Flood Hazard Layer, effective August 28, 2019

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it

Values are read at the parcel center point; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 97% of the US · lower than 97.5% of Tennessee
Wildfire Likelihood	Under 0.01% annual chance
Exposure	None beyond ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	COVINGTON WATER DEPT serves 14,334 people · EPA ID TN0000144
Water Source	Groundwater
Last State Inspection	Oct 2024
Lead	3 ppb (2026–2028) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 375 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
AT&T Fiber · DSL	5,000 / 5,000
Xfinity Cable	1,200 / 35

May also be available: T-Mobile, Verizon.

Nearby Properties on Terrace Dr

Nearby Streets

Search Property Records by Address or Parcel Number

Search by:

By searching, you agree to: Terms • Privacy • Disclosures