506 Covington Ter
Leesburg, VA 20176
3 bd 4 ba 1,620 sqft Built 1994 Lot 2,178 sqft townhomes
Most recent sale
$497,500
Jun 28, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jun 28, 2022 | Sold | $497,500 | MLS #VALO2028536 |
| Jun 4, 2022 | Listed | $470,000 | MLS #VALO2028536 |
| Jun 16, 2016 | Sold | $314,000 | Public Record |
| Jun 15, 2016 | Sold | $314,000 | MLS #1000690671 |
| May 12, 2016 | Listed | $325,000 | MLS #1000690671 |
| Oct 29, 2010 | Sold | $190,000 | Public Record |
| Jun 15, 2010 | Listed | $199,900 | MLS #LO7364561 |
| Dec 27, 1994 | Sold | $125,965 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $323,050 | $160,000 | $483,050 | $3,888 |
| 2023 | $292,340 | $145,000 | $437,340 | $3,826 |
| 2022 | $264,380 | $135,000 | $399,380 | $3,554 |
| 2021 | $237,110 | $115,000 | $352,110 | $3,451 |
| 2020 | $232,790 | $100,000 | $332,790 | $3,444 |
| 2019 | $226,640 | $90,000 | $316,640 | $3,309 |
| 2018 | $219,700 | $85,000 | $304,700 | $3,306 |
| 2017 | $203,650 | $85,000 | $288,650 | $3,247 |
| 2016 | $194,800 | $85,000 | $279,800 | $3,204 |
| 2015 | $193,070 | $85,000 | $278,070 | $3,156 |
| 2014 | $202,530 | $70,000 | $272,530 | $3,148 |
| 2013 | $179,450 | $70,000 | $249,450 | $3,006 |
| 2012 | $157,900 | $70,000 | $227,900 | $2,815 |
| 2011 | $150,100 | $75,000 | $225,100 | $2,893 |
| 2009 | $108,100 | $75,000 | $183,100 | $2,280 |
| 2008 | $189,000 | $100,000 | $289,000 | $3,295 |
| 2007 | $206,400 | $100,000 | $306,400 | $2,941 |
Property facts
Year built
1994
Property type
townhomes
Stories
3
Beds
3
Baths
4
Living area
1,620 sqft
Lot size
2,178 sqft
ZIP code
20176
City
Leesburg
Street
Covington Ter
Coordinates
39.12299, -77.54585
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,430
Gross rental yield
5.86%
Implied cap rate
3.81%
Trend-extrapolated value
—
Frequently asked questions
When did 506 Covington Ter last sell?
506 Covington Ter most recently sold on Jun 28, 2022 for $497,500.
What is the current tax assessment for 506 Covington Ter?
The most recent total assessment for 506 Covington Ter (year 2025) is $483,050 with $3,888 in property tax.
How does 506 Covington Ter's assessment compare to its last sale price?
The current assessment is 2.9% below the last sale price of $497,500.
When was 506 Covington Ter built?
506 Covington Ter was built in 1994.
How does 506 Covington Ter compare to others on Covington Ter?
We track 5 other properties on Covington Ter. Browse the list under "Other properties on Covington Ter" to compare beds, baths, and sale history.
What are the property facts for 506 Covington Ter?
506 Covington Ter is a 3 bed, 4 bath, 1,620 sqft, 2,178 sqft lot townhomes.
Is 506 Covington Ter a flip candidate?
No — 506 Covington Ter does not appear in our flips dataset.
Is 506 Covington Ter a tax-appeal candidate?
No — 506 Covington Ter is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+4.3%
Implied 1-yr
+17.2%
2026 Q3
$1.09M
2026 Q4
$1.11M
ZIP 20176 — Median Price History + Forecast
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Geography
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