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385 W 500 N Valparaiso, IN $ 700,000
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$ 700,000 Get more info
385 W 500 N
$ 700,000
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385 W 500 N

Valparaiso, IN, 46385
$ 700,000
Bedrooms3 Baths3.0 Sq 1,590

Monthly Estimate*

$ 4,835

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Single Family Home for sale in Valparaiso, IN

for $700,000 with 3 bedrooms and 3 full baths. This 1,590 square foot home was built in 1937 on a lot size of 40.68.

Exceptional opportunity for investors, developers, or buyers seeking unmatched privacy and massive upside potential, with estimated ARV being well over list price. Spanning 40.68 serene, heavily wooded acres across four separate parcels in Valparaiso, this expansive estate offers extreme privacy, its own private pond, and valuable income-producing timber tucked away in a quiet setting near Salt Creek. Situated on the land is a 3-bedroom, 2-bathroom ranch home with a full basement awaiting restoration or a complete refresh. The property is being sold in strictly as-is condition; the seller is unable to make any repairs. Cash buyers only. Bring your vision, contractor, or land-use plans to capitalize on this extraordinary piece of unincorporated Porter County property!

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Single Family Active

Price

$ 700,000

Bedrooms

3

Full Bath

3

Property Type

Single Family

Taxes

$ 3,707

Style

Single Family Residence

Lot Size

40.68

Year Built

1937

Town/City

Valparaiso

County/Region

Porter

MLS | Web ID

846516
Features
Interior
Interior Amenities Entrance Foyer Tray Ceiling(s)
Total Fireplaces 1
Fireplace Features Living Room Wood Burning
Window Features Wood Frames
Fireplace Y/N Y
Above Grade Finished Area 1590
Half Baths 0
3/4 Baths 1
Laundry Features Gas Dryer Hookup Washer Hookup
Total Bedrooms 3
Room Type Bedroom 2 Primary Bedroom Living Room Kitchen Dining Room Bedroom 3
Total Baths 3
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General
Sewer Septic Tank
Heating Hot Water
Utilities Electricity Connected Natural Gas Connected
Appliances None
Garage Spaces 2
Patio/Porch Features Front Porch
Pool Features None
Year Built 1937
Electric Circuit Breakers
View Trees/Woods
Township Union
Levels One
Property Subtype Single Family Residence
Tax Year 2025
County Porter
New Construction N
Property Type Residential
HOA N
Subdivision Name none
Garage Y/N Y
Total Rooms 7
Full Baths 2
Status Active
Directions State Road 130 to Wolf Road/ N 450 West. Right onto W 500 N. Turn in is shortly past Salt Creek and will appear that you're turning into a farm. Turn right into the drive but then make an immediate s
City Valparaiso
High School District Union Township
Lot Size Square Feet 1772020.8
Listing Terms Cash
Property Attached Y/N N
Tax Annual Amount 3707
Property Condition Fixer
Standard Status Active
Tax Assessed Value 265700
Legal Description W1/2 NE NW & RD PARC IN E1/4 NW 8-35-6 20.24A
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Exterior
Exterior Amenities Private Yard
Parking Features Attached Gravel Garage Faces Rear
Lot Features Back Yard Wooded Private Front Yard
Water Source Well
Lot Size Acres 40.68
Lot Size Source Assessor
Waterfront Y/N N
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* Excluded Features
List By
Jason Moon

Listing Agent

Trueblood Real Estate, Llc

Broker

jason@jasonmoonrealtygroup.com

Email

Affordability Calculator

$5,144
Per Month
94%
6%
0%
Monthly Principal & Interest
$4,835
Monthly Property Taxes
$309
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4001684 Elementary School
4001626 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/8/2026$700,000 Listed Price

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385 W 500 N, Valparaiso, IN, 46385 is a Single Family Home for sale at $700,000 with 1,590 sqft and a lot size of 40.68. 385 W 500 N has 3 bedrooms, 3.0 baths, and was built in 1937. The property's zip code is 46385 which is in Valparaiso, IN

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