$99,500
$11K PRICE DROP

501 W Scharbauer Dr Unit 8 Midland, TX 79705

Cowden Neighborhood

Estimated payment $686/month

Total Views 11,517
2 Beds
1 Bath
962 Sq Ft
$103 Price per Sq Ft

Highlights

  • In Ground Pool
  • Shades
  • Central Heating and Cooling System
  • Covered Patio or Porch
  • 1-Story Property
  • Water Softener is Owned

About This Home

This charming Condo is one you just have to see! It has a freedom lakehouse feel and warmth of home immediately when you enter the gate. Don't miss the opprotunity to call this place home!

Listing Agent

Michelle Lucas

Keller Williams Brokerage Phone: 4325205151 License #TREC #0829486 Listed on: 02/27/2026

Keller Williams

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,753

Year Built

  • Built in 1963

Lot Details

  • Property fronts an alley

Home Design

  • Slab Foundation
  • Wood Siding

Interior Spaces

  • 962 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Shades
  • Dining Area

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Home Security

Parking

  • 1 Parking Space
  • 1 Carport Space
  • Alley Access
  • Assigned Parking

Outdoor Features

  • In Ground Pool
  • Covered Patio or Porch

Schools

  • Houston Elementary School
  • Abell Middle School
  • Midland High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Water Softener is Owned

Community Details

Overview

  • Property has a Home Owners Association
  • Lundy Park Addn Subdivision

Recreation

  • Community Pool

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,753

Year Built

Built in 1963

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Sub Type: Condominium,Single Family Residence
  • Prop. Type: Residential
  • Road Surface Type: Paved, Alley Paved
  • Subdivision Name: Lundy Park Addn
  • Carport Y N: Yes
  • Garage Yn: No
  • Unit Levels: One
  • Structure Type: Condominium
  • Year Built: 1963
  • NAV47_rets_property_type: Residential
  • NAV47_SolarLeasedYN: No
  • NAV47_Dining_Areas: 1
  • NAV47_Living_Areas: 1
  • NAV47_NonAttachedLivableSqFtDesc: 0
  • NAV47_SecuritySystemLeasedYN: No
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater, Water Softener Owned
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Other
  • Interior Amenities: Ceiling Fan(s), Pantry
  • Living Area: 962
  • Window Features: Shades/Blinds

Exterior Features

  • Lot Features: Low Maintenance
  • Pool Features: In Ground, Pool on Premise, Community
  • Pool Private: Yes
  • Construction Type: Wood/Masonry, Wood Siding
  • Foundation Details: Slab
  • Patio And Porch Features: Patio-Covered, Patio-Open
  • Property Condition: Pre-Owned

Garage/Parking

  • Carport Spaces: 1
  • Covered Parking Spaces: 1
  • Parking Features: Assigned, Alley Access
  • Total Parking Spaces: 1

Utilities

  • Security: Smoke Detector(s)
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 458
  • Association Fee Frequency: None
  • Association: Yes

Schools

  • Elementary School: Houston
  • Junior High Dist: Midland
  • High School: Midland
  • Middle Or Junior School: Abell

Lot Info

  • Farm Land Area Units: Square Feet
  • Parcel #: NA

Tax Info

  • Tax Annual Amount: 1753

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $1,816 $119,580 $0 $119,580
2024 $1,855 $122,170 $0 $122,170
2023 $1,820 $121,420 $0 $121,420
2022 $1,751 $112,060 $0 $112,060
2021 $1,800 $112,200 $0 $112,200
2020 $1,628 $93,950 $0 $93,950
2019 $1,779 $93,950 $0 $93,950
2018 $1,780 $91,530 $0 $91,530
2017 $1,835 $94,400 $0 $94,400
2016 $1,471 $87,500 $0 $87,500
2015 -- $87,500 $0 $87,500
2014 -- $70,430 $0 $70,430
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/16/2026 04/16/26 Price Changed $99,500 -9.5% $103 / Sq Ft
02/27/2026 02/27/26 For Sale $110,000 -- $114 / Sq Ft
Source: Permian Basin Board of REALTORS®

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 Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Deed -- New Title Company Name
Warranty Deed -- West Texas Abstract & Title
Vendors Lien -- None Available
Deed -- --
Deed -- --
Deed -- --
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 Loan Amount Loan Type
Previous Owner $85,500 New Conventional
Previous Owner $22,900 Purchase Money Mortgage
Source: Public Records

Source: Permian Basin Board of REALTORS®

MLS Number: 50091181

Permian Basin Board of REALTORS®

APN: R000047-603

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