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  • $639,000

    231 W 500 N, Valparaiso, IN 46385

    3beds
    3,596sqft
    Farm
    Built in 1974
    5.5 Acres Lot
    $-- Zestimate®
    $178/sqft
    $4,107 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $4,107/mo

    Zestimate® history
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    What's special

    HORSE FARM..FAMILY COMPOUND...BUSINESS OPPORTUNITY...DREAM PROPERTY! Some properties check the boxes.. but this one just might change the way you imagine living. ***Photos showcase the home, barns, and acreage--but they can't capture the quiet,the privacy, or the feeling of standing on nearly 6 acres just minutes from everything Valparaiso has to offer. ***Imagine raising your family where children have room to roam, ride horses, fish in the pond, build forts, help care for animals, and create the kind of childhood memories that simply can't be recreated in a subdivision. Whether you're gathering around bonfires, hosting holidays, or watching grandkids explore the property years from now, this is a place designed to grow with every season of life. **The spacious 3+(poss. 5) bedroom ranch with two complete living areas (X2 KITCHENS, RELATED LIVING?) for your out of town guests, or you can have your own private home office. As your family's needs evolve, this home evolves with you. ***Outside, the opportunities are endless. A fully equipped equestrian facility with heated barns, a 160' x 60' indoor arena, fenced pastures, oversized garages, and a beautiful pond create the perfect setting for horse enthusiasts, hobby farmers, entrepreneurs, or anyone seeking room to pursue their passions of business. ***Perhaps the most remarkable feature is something that can't be built or duplicated--privacy. In one of Northwest Indiana's most desirable and fastest-growing communities, finding nearly 6 usable acres with mature trees, thoughtful placement of the home and barns, and the expansive property create a quiet, retreat while remaining just minutes from everything Valparaiso has to offer. ***This isn't simply a home--it's an opportunity to build a lifestyle, create lasting memories, and invest in a property that offers possibilities for generations to come. ***Make sure you check out all the rooms this home has to offer. COME AND CHECK US OUT!

    Zillow last checked:

    Listing updated:

    Listed by:

    Debbie Rasala-Finnegan,

    Realty Executives Premier 219-462-2224

    Bought with:

    Denise Wilson, RB14044517

    BHHS Indiana Realty

    Source: NIRA as distributed by MLS GRID,MLS#: 838668MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 3
    Rooms
    • Room types: Bedroom 2, Other Room, Utility Room, Primary Bedroom, Media Room, Living Room, Kitchen, Family Room, Den, Bedroom 3
    Primary bedroom
    • Level: Main
    • Area: 252
    • Dimensions: 14.0 x 18.0
    Bedroom 2
    • Level: Main
    • Area: 156
    • Dimensions: 12.0 x 13.0
    Bedroom 3
    • Level: Main
    • Area: 144
    • Dimensions: 12.0 x 12.0
    Den
    • Level: Basement
    • Area: 289
    • Dimensions: 17.0 x 17.0
    Family room
    • Level: Main
    • Area: 425
    • Dimensions: 17.0 x 25.0
    Kitchen
    • Level: Main
    • Area: 196
    • Dimensions: 14.0 x 14.0
    Living room
    • Level: Main
    • Area: 168
    • Dimensions: 14.0 x 12.0
    Media room
    • Level: Basement
    • Area: 156
    • Dimensions: 13.0 x 12.0
    Other
    • Level: Basement
    • Area: 160
    • Dimensions: 16.0 x 10.0
    Other
    • Level: Basement
    • Area: 180
    • Dimensions: 15.0 x 12.0
    Other
    • Description: 2nd kitchen
    • Level: Basement
    • Area: 238
    • Dimensions: 14.0 x 17.0
    Utility room
    • Level: Basement
    • Area: 714
    • Dimensions: 34.0 x 21.0
    Heating
    • Forced Air, Natural Gas
    Appliances
    • Included: Dryer, Water Softener Owned, Washer, Range Hood, Refrigerator, Gas Water Heater, Dishwasher, Disposal
    • Laundry: Gas Dryer Hookup, Sink, Main Level, Laundry Room
    Features
    • Ceiling Fan(s), Country Kitchen, Pantry, Open Floorplan, Kitchen Island, Entrance Foyer
    • Basement: Finished,Storage Space,Sump Pump,Full
    • Number of fireplaces: 1
    • Fireplace features: Living Room
    Interior area
    • Total structure area: 3,596
    • Total interior livable area: 3,596 sqft
    • Finished area above ground: 2,096

    Property

    Parking
    • Total spaces: 3
    • Parking features: Garage
    • Garage spaces: 3
    Features
    • Levels: One
    • Patio & porch: Covered, Rear Porch, Front Porch
    • Exterior features: Fire Pit, Storage
    • Pool features: None
    • Has view: Yes
    • View description: Meadow, Rural, Pond
    • Has water view: Yes
    • Water view: Pond
    Lot
    • Size: 5.5 Acres
    • Features: Back Yard, Front Yard, Few Trees
    Details
    • Has additional parcels: Yes
    • Parcel number: 640904455014000003
    • Special conditions: None

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Farm
    Condition
    • New construction: No
    • Year built: 1974

    Utilities & green energy

    • Electric: 200+ Amp Service, Circuit Breakers
    • Sewer: Public Sewer
    • Water: Well
    • Utilities for property: Electricity Connected, Natural Gas Connected

    Community & HOA

    HOA
    • Has HOA: No
    • HOA phone: 219-508-8025
    Location
    • Region: Valparaiso

    Financial & listing details

    • Price per square foot: $178/sqft
    • Tax assessed value: $470,400
    • Annual tax amount: $4,143
    • Date on market: 5/11/2026
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,FHA,Conventional

    Price history

    DateEventPrice
    10/2/2026Sold$639,000-3.9%$178/sqft
    Source: NIRA as distributed by MLS GRID #838668 Report a problem
    7/31/2026Contingent$664,900+0%$185/sqft
    Source: MRED as distributed by MLS GRID #12644859 Report a problem
    7/17/2026Price change$664,8990%$185/sqft
    Source: NIRA as distributed by MLS GRID #838668 Report a problem
    7/7/2026Price change$664,900-3.6%$185/sqft
    Source: NIRA as distributed by MLS GRID #838668 Report a problem
    6/16/2026Price change$689,900-1.4%$192/sqft
    Source: MRED as distributed by MLS GRID #12644859 Report a problem
    6/2/2026Pending sale$699,900$195/sqft
    Source: NIRA as distributed by MLS GRID #838668 Report a problem
    5/11/2026Listed for sale$699,900-4.1%$195/sqft
    Source: NIRA as distributed by MLS GRID #838668 Report a problem
    12/1/2025Listing removed$729,900$203/sqft
    Source: MRED as distributed by MLS GRID #12466650 Report a problem
    11/4/2025Price change$729,900-2.7%$203/sqft
    Source: NIRA as distributed by MLS GRID #827397 Report a problem
    10/19/2025Price change$749,8980%$209/sqft
    Source: NIRA as distributed by MLS GRID #827397 Report a problem
    10/17/2025Price change$749,8990%$209/sqft
    Source: NIRA as distributed by MLS GRID #827397 Report a problem
    9/8/2025Listed for sale$749,900+100%$209/sqft
    Source: NIRA as distributed by MLS GRID #827395 Report a problem
    10/2/2015Sold$375,000-5.1%$104/sqft
    Source: NIRA as distributed by MLS GRID #378402 Report a problem
    4/9/2015Listing removed$395,000$110/sqft
    Source: Campbell Realty #358536 Report a problem
    1/5/2015Listed for sale$395,000$110/sqft
    Source: Campbell Realty #358536 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,143 -18.2%$470,400 +1.2%
    2024$5,066 -1%$465,000 -2.4%
    2023$5,115 +14.5%$476,400 +5.9%
    2022$4,469 +2.7%$450,000 +21.3%
    2021$4,349 -4.6%$370,900 +5.7%
    2020$4,561 -1.8%$350,800 -2%
    2019$4,643 +3.7%$357,800 +1.7%
    2018$4,479 $351,700 +2.4%
    2017$4,479 +4.7%$343,300 -1%
    2016$4,277 -1.3%$346,900 +5.9%
    2014$4,334 +29.5%$327,500 +5.7%
    2013$3,346 +5.9%$309,800 +1.2%
    2012$3,158 -12.9%$306,000 -11.2%
    2011$3,626 +9.7%$344,500 +0.8%
    2010$3,306 +12.1%$341,600
    2009$2,948 $341,600
    Find assessor info on the county website

    Neighborhood: 46385

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