NOT LISTED FOR SALE

503 N Morris St Unit 4 Terrell, TX 75160

Terrell Area

Estimated Value: $316,000 - $564,000

2 Beds
1 Bath
775 Sq Ft
$568/Sq Ft Est. Value

Highlights

  • 1-Story Property
  • Central Heating and Cooling System
  • Dogs and Cats Allowed
  • Luxury Vinyl Plank Tile Flooring

About This Home

As of July 2025

MOVE-IN SPECIAL: NOW OFFERING 2 WEEKS FREE RENT WITH QUICK MOVE IN! Updated 2-Bedroom, 1.5-Bath Second-Floor Apartment in Downtown Terrell Don’t miss this beautifully updated second-floor apartment located in the heart of historic downtown Terrell. This spacious 2-bedroom, 1.5-bathroom unit offers a bright open-concept layout perfect for both relaxing and entertaining. The kitchen features newly installed granite countertops, a refrigerator, dishwasher, and pantry for added storage. The living area is filled with natural light and offers great flow into the dining and kitchen spaces. Both bedrooms are well-sized with ample closet space, and the unit includes a full bathroom plus a convenient half bath for guests. Additional highlights include modern fixtures throughout, durable flooring, central HVAC, and easy access to local shopping, dining, and entertainment just steps away. This is downtown living at its best—schedule your showing today!

Last Agent to Rent the Property

Michael Slaughter

OmniKey Realty, LLC. Brokerage Phone: 972-480-8280 License #0554015 Listed on: 05/28/2025

Last Renter's Agent

Brandi Stubbs

OmniKey Realty, LLC. License #0795742

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Apartment

Year Built

  • Built in 1972

Lot Details

  • 10,019

Parking

  • Open Parking

Interior Spaces

  • 775 Sq Ft Home
  • 1-Story Property
  • Window Treatments
  • Luxury Vinyl Plank Tile Flooring
  • Washer and Electric Dryer Hookup

Kitchen

  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Schools

  • Kennedy Elementary School
  • Furlough Middle School
  • Terrell High School

Additional Features

  • 10,019 Sq Ft Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Residential Lease
  • Property Available on 7/15/25
  • Tenant pays for all utilities, insurance
  • Assessor Parcel Number 40632

Community Details

Overview

  • Terrell Rev Subdivision

Pet Policy

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

Property Details

Home Type

Apartment

Year Built

Built in 1972

Lot Details

10,019 Sq Ft Lot

Rental Info

  • PetsAllowed: Breed Restrictions, Cats OK, Dogs OK, Number Limit, Yes, Pet Restrictions
  • Furnished: Unfurnished
  • Tenant Pays: All Utilities, Insurance
  • Available Date: 2025-07-15
  • PetDeposit: 300.0

Listing Details

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

Interior Features

  • Square Footage: 775.0
  • Windows: Window Coverings
  • Interior Amenities: Other
  • Flooring: Luxury Vinyl Plank
  • Appliances: Dishwasher, Electric Range, Refrigerator
  • Basement YN: No

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • Fencing: None
  • Pool Features: None

Garage/Parking

  • Cooling System: Central Air, Electric
  • Parking Features: Open
  • OpenParkingYN: Yes
  • GarageYN: No

Utilities

  • Sewer: Public Sewer
  • Heating: Central, Electric
  • LaundryFeatures: Washer Hookup, Electric Dryer Hookup
  • Utilities: Sewer Available, Water Available
  • Heating Yn: Yes

Schools

  • Elementary School: Kennedy
  • 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

MLS Schools

  • MiddleOrJuniorSchool: Furlough

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 11, 2022
Sold by
Bought by
Current Estimated Value
$440,000

Purchase Details

Closed on
Feb 24, 2021
Sold by
Bought by

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
Bought by

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
Bought by

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
Aug 11, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,000
Interest Rate
4.08%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Terrell, TX

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- --
-- First American Title
-- None Available
-- None Available
-- None Available
-- Lakewood Title Llc
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $201,000
Previous Owner $176,250
Previous Owner $202,500
Previous Owner $283,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/29/2025 07/29/25 Rented -- -- --
07/15/2025 07/15/25 Price Changed $1,100 -2.2% $1 / Sq Ft
06/15/2025 06/15/25 Price Changed $1,125 -2.2% $1 / Sq Ft
05/28/2025 05/28/25 For Rent $1,150 +31.4% --
01/06/2022 01/06/22 Rented $875 0.0% --
11/22/2021 11/22/21 Price Changed $875 -12.5% $1 / Sq Ft
11/03/2021 11/03/21 Price Changed $1,000 -2.4% $1 / Sq Ft
10/08/2021 10/08/21 Price Changed $1,025 -2.4% $1 / Sq Ft
08/26/2021 08/26/21 Price Changed $1,050 -4.5% $1 / Sq Ft
07/19/2021 07/19/21 For Rent $1,100 -- --
Source: North Texas Real Estate Information Systems (NTREIS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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: 20950331

North Texas Real Estate Information Systems (NTREIS)

APN: 40632

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