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501 West Scharbauer Drive

501 West Scharbauer Drive, Midland, TX 79705
Condo in Cowden
501 West Scharbauer Drive is a condo located in Cowden, Midland. The building was first built in 1963 and is 63 years old.

Interested in learning more about the building? There are many great amenities and features for residents in the building. Separately, the building has a pool! Which is great those who want low-impact workout or those with children! On weekends, residents can enjoy the building's patio. There are 3 closings on record, of which we have matching data for 1 listings. In the past 3 years, a listing in this building will typically remain on the market for about 321 days Meaning, listings tend to sell at a median of $77 price per square foot. The transaction that took the longest to complete was listed on Apr 13, 2023 for $140,000. This particular unit ultimately sold 321 days later for $0. The most recent transaction which was first advertised on Apr 13, 2023, sold for $0 on Feb 29, 2024. Fun fact, the oldest transaction we have on record took place on Dec 03, 2004. See the full transaction history for 501 West Scharbauer Drive below.

Meanwhile, the building itself has a median asking price of $130,000. For interested buyers, that means the building's median asking price is around inf% above the neighborhood's median asking price for condos. A buyer may therefore end up paying more for a unit in this building compared to other condo buildings in the neighborhood.

Unfortunately, there are currently no active listings within the building but our inventory of available units for sale is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Brick Venner Exterior
Wood Siding
Brick Exterior / Wood Exterior
Aluminum Siding

Parking

Parking Lot

3 Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By
20250303 Unit 28
03/03/2025
28
1 Bed
1 Bath
512 ft²
$50,000
bedrooms
1 Bed
bathrooms
1 Bath
square feet
512 ft²
$30,000 -40.00%
01/30/2026
Greg Graham
Graham & Co Realty Group
20200929
09/29/2020
1 Bed
1 Bath
912 ft²
$59,660
bedrooms
1 Bed
bathrooms
1 Bath
square feet
912 ft²
-
-
-
20190822
08/22/2019
1 Bed
1 Bath
-
$100,000
bedrooms
1 Bed
bathrooms
1 Bath
-
-
-


Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 0
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,704
  • Building Area: 1,704
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,704
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COWDEN
  • Standard Land Use Code: 1015
  • County Land Use Code: A3
  • Legal Description 1: BLK: 003 APT: 40 BLDG H ADDN: SUTTON PLACE SCHARBAUER TOWNHOMES PHASE 1 REPLAT OF COWDEN BLK 3

Neighborhood

  • School District Name: Midland Independent School District
  • Census Tract: 000600

Geography

  • Assessors Map Reference: MAP N36C
  • Parcel: R000047635
  • Block: 3
  • Municipality: CITY OF MIDLAND
  • Latitude: 32.0175
  • Longitude: -102.084

    Address

  • Full Address: 501 W Scharbauer Dr
  • Address - House Number: 501
  • Street Direction: W
  • Address - Street Name: Scharbauer
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Midland
  • Carrier Code: C028
  • 4-Digit Zip Code: 8806
  • Zip Code: 79705

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $129,459
  • Tax Rate Code Area: CTM, HOS,

    Appraisal Valuation

  • Standard Deviation: 0.1631
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 79
  • Final Value: 117,472
  • High Value: 136,641
  • Low Value: 98,302

    Market Valuation

  • Market Total Value: $154,340
  • Market Improvement Value: $154,340

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $154,340
  • Assessed Improvements Value: $154,340

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 29, 2024
  • Current Sale Recording Date: Feb 29, 2024
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 4558
  • Previous Sale Recording Date: Mar 01, 2005
  • Previous Sale Contract Date: Feb 25, 2005
  • Previous Sale Amount: $46,100
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources

About Cowden



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 501 West Scharbauer Drive located in?
The 501 West Scharbauer Drive is a condo located in the neighborhood of Cowden in Cowden, Midland.
What is the average sales price for listings in 501 West Scharbauer Drive?
The average sales price for units in 501 West Scharbauer Drive is $130,000 , or $77/sqft. currently.