RENTED SEP 19, 2025

503 N Morris St Unit 2 Terrell, TX 75160

Estimated Value: $536,000 - $564,000

2 Beds
2 Baths
775 Sq Ft
$710/Sq Ft Est. Value

Highlights

  • Open Floorplan
  • Luxury Vinyl Plank Tile Flooring
  • Dogs and Cats Allowed
  • 1-Story Property
  • Central Heating and Cooling System
  • High Speed Internet

About This Home

As of September 2025

MOVE-IN SPECIAL: NOW OFFERING 2 WEEKS FREE RENT WITH QUICK MOVE IN!

Beautifully Renovated 2-Bedroom, 2-Bathroom Gem in the Heart of Downtown Terrell – Modern Comfort Meets Prime Location!

Step into style and comfort with this stunningly updated 2-bedroom, 2-bathroom home nestled right in the vibrant heart of downtown Terrell! This spacious and thoughtfully designed unit has been refreshed with stylish upgrades that blend modern flair with everyday functionality—perfect for anyone looking to enjoy contemporary living in a convenient location.

Inside, you'll find a bright and open living area that welcomes you with warm, inviting tones and abundant natural light, creating the perfect setting for relaxing evenings or entertaining guests. The expansive layout flows effortlessly into the kitchen, which is equipped with a refrigerator, dishwasher, pantry space, and brand NEW granite-style countertops currently being installed—giving it that fresh, designer feel!

Both bedrooms are generously sized, offering ample closet space and peaceful retreats for rest and relaxation. The bathrooms are updated and well-appointed, providing clean, stylish spaces to start and end your day in comfort.

This home is perfectly situated just 29 minutes from Collin County Community College in Rockwall and close to Eastfield College and Paul Quinn College—making it a great option for students, faculty, or professionals seeking a short commute to major educational hubs.

Enjoy the charm of downtown living with easy access to shops, dining, entertainment, and local events, all while coming home to a quiet, cozy space that's all your own.

Opportunities like this don't come around often—schedule your private showing today and apply now before this fantastic home is gone!

Last Agent to Rent the Property

Michael Slaughter

OmniKey Realty, LLC. Brokerage Phone: 972-480-8280 License #0554015 Listed on: 08/01/2025

Last Renter's Agent

Michael Slaughter

OmniKey Realty, LLC. Brokerage Phone: 972-480-8280 License #0554015 Listed on: 08/01/2025

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 1972

Lot Details

  • 10,019

Home Design

  • Duplex
  • Apartment

Interior Spaces

  • 775 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Decorative Lighting
  • Window Treatments
  • Luxury Vinyl Plank Tile Flooring

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Home Security

Parking

  • No Garage
  • Open Parking
  • Parking Lot
  • Off-Street Parking

Schools

  • Long Elementary School
  • Furlough Middle School
  • Terrell High School

Utilities

  • Central Heating and Cooling System
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Residential Lease
  • Property Available on 9/11/25
  • Tenant pays for all utilities, cable TV, insurance
  • 12 Month Lease Term
  • Assessor Parcel Number 40632

Community Details

Overview

  • 2-Story Building
  • Terrell Rev Subdivision

Pet Policy

  • Pet Size Limit
  • Pet Deposit $300
  • 3 Pets Allowed
  • Dogs and Cats Allowed
  • Breed Restrictions

Security

  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Year Built

Built in 1972

Lot Details

0

Rental Info

  • PetsAllowed: Breed Restrictions, Cats OK, Dogs OK, Number Limit, Size Limit, Yes, Pet Restrictions
  • Furnished: Unfurnished
  • Lease Term: 12 Months
  • Tenant Pays: All Utilities, Cable TV, Insurance
  • Available Date: 2025-09-11
  • PetDeposit: 300.0

Listing Details

  • OWNERNAME: OmniKey Realty PM
  • Property Type: Residential Lease
  • Property Sub Type: Apartment
  • Unit Levels: One
  • Security: Smoke Detector(s)
  • Year Built Details: Preowned
  • Attribution Contact: 972-480-8280
  • Co List Office Mls Id: OKRE01
  • Structure Type: Apartment, Duplex
  • HumanModifiedYN: Yes
  • PetsAllowedYN: Yes
  • UniversalParcelId: urn:reso:upi:2.0:US:48257:40632
  • MaximumNumberOfPets: 3
  • Special Features: VirtualTour
  • Stories: 2
  • Year Built: 1972

Interior Features

  • Square Footage: 775.0
  • Windows: Window Coverings
  • Interior Amenities: Decorative/Designer Lighting Fixtures, High Speed Internet, Open Floorplan, Other, Cable TV
  • Flooring: Luxury Vinyl Plank
  • Appliances: Dishwasher, Electric Cooktop, Electric Oven, Electric Range, Refrigerator
  • Basement YN: No

Beds/Baths

  • Full Bathrooms: 2
  • Total Bedrooms: 2

Exterior Features

  • Fencing: None
  • Pool Features: None
  • Waterfront: No

Garage/Parking

  • Cooling System: Central Air, Electric
  • Parking Features: No Garage, Open, Off Street, Parking Lot
  • OpenParkingYN: Yes
  • GarageYN: No

Utilities

  • Sewer: Public Sewer
  • Heating: Central, Electric
  • Utilities: Sewer Available, Water Available, Cable Available
  • Heating Yn: Yes

Schools

  • Elementary School: Long
  • High School: Terrell
  • Junior High Dist: Terrell ISD

Lot Info

  • PropertyAttachedYN: No
  • Lot Size Units: Acres
  • Lot Size Area: 0.23
  • Parcel Number: 40632
  • Lot Size Acres: 0.23
  • Lot Size Sq Ft: 10018.8

Building Info

  • Year Built: 1972
  • StoriesTotal: 2

MLS Schools

  • MiddleOrJuniorSchool: Furlough

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 11, 2022
Sold by
Zale Daniel
Bought by
Zalefsky Realty Investments Llc Series C
Current Estimated Value
$550,000

Purchase Details

Closed on
Feb 24, 2021
Sold by
Mulliqi Investments Llc
Bought by
Zale Daniel Bryan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 25, 2019
Sold by
Mulliqi Gene
Bought by
Mulliqi Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,250
Interest Rate
4.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 17, 2018
Sold by
Myers The Home Buyers Of Dallas Llc
Bought by
Mulliqi Genc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,250
Interest Rate
4.9%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Zalefsky Realty Investments Llc Series C -- --
Zale Daniel Bryan -- First American Title Ins Co
Zale Daniel Bryan -- First American Title
Mulliqi Investments Llc -- None Available
Mulliqi Genc -- None Available
Mulliqi Gene -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Zale Daniel Bryan $201,000
Previous Owner Mulliqi Gene $176,250
Previous Owner Mulliqi Genc $202,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/19/2025 09/19/25 Rented $1,025 0.0% --
08/13/2025 08/13/25 Price Changed $1,025 -2.4% $1 / Sq Ft
08/01/2025 08/01/25 For Rent $1,050 -8.7% --
11/04/2024 11/04/24 Rented $1,150 0.0% --
10/10/2024 10/10/24 Price Changed $1,150 -4.2% $1 / Sq Ft
09/26/2024 09/26/24 For Rent $1,200 -- --
Source: North Texas Real Estate Information Systems (NTREIS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,043 $362,700 $52,241 $310,459
2024 $6,043 $338,000 $40,613 $297,387
2023 $5,050 $214,470 $36,338 $178,132
2022 $5,341 $204,681 $36,338 $168,343
2021 $5,441 $196,774 $36,338 $160,436
2019 $5,072 $164,080 $25,650 $138,430
2018 $3,988 $130,720 $25,650 $105,070
2017 $3,985 $130,720 $25,650 $105,070
2016 $3,985 $130,720 $25,650 $105,070
Source: Public Records

Agents Affiliated with this Home

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 21020068

North Texas Real Estate Information Systems (NTREIS)

APN: 40632