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  • $396,900

    486 Park Ave, Valparaiso, IN 46385

    5beds
    2,310sqft
    : 
    $2,544/mo
    Get pre-qualified
    Single Family Residence
    Built in 1961
    8,363 Square Feet Lot
    $387,100 Zestimate®
    $172/sqft
    $-- HOA

    What's special

    Remarkable spaceFull basementBrick constructionTimeless brick exteriorExceptionally spacious main-level bedroomFive spacious bedroomsAdjoining formal dining room
    Classic architecture, remarkable space, and an exceptional Downtown Valparaiso location come together in this stately Park Avenue home. Built in the early 1960s with a timeless brick exterior, this two-story residence offers the room, character, and setting that make a home truly memorable. Step through the front door into a welcoming foyer flanked by an oversized living room and an exceptionally spacious main-level bedroom. Continue through the home to a comfortable den and an updated kitchen featuring newer countertops, stainless steel appliances, and updated lighting. An adjoining formal dining room provides an inviting setting for holidays, celebrations, and evenings with family and friends, while a full bathroom completes the main level. Upstairs, space is the defining feature. Four additional bedrooms are remarkably large--these are the kind of generously proportioned rooms rarely found in newer homes. A second full bathroom serves the upper level. And there is still more. The unfinished basement provides approximately 1,100 additional square feet, offering tremendous potential for recreation space, a home gym, workshop, storage, or whatever best fits your vision. Outside, enjoy a deep, level backyard with plenty of room to relax, entertain, garden, or play. Best of all is the location. Just five blocks from Lincolnway, you'll be remarkably close to the restaurants, shops, events, parks, and energy that make Downtown Valparaiso such a desirable place to call home. School assignments include Memorial Elementary, Benjamin Franklin Middle School, and Valparaiso High School. Property taxes are without the homestead exemption. As a primary residence the property taxes will decrease meaningfully. With five spacious bedrooms, substantial living areas, a full basement, brick construction, and an outstanding Park Avenue location, this is a distinctive opportunity to own a true Valparaiso classic.
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    Zillow last checked:

    Listing updated:

    Listed by:

    Charles Vanderstelt,

    Listing Leaders 219-462-5478,

    Julia Keener,

    Listing Leaders

    Source: NIRA as distributed by MLS GRID,MLS#: 844122MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 2
      • Full bathrooms: 2
      Rooms
      • Room types: Bedroom 2, Primary Bedroom, Living Room, Kitchen, Dining Room, Den, Bedroom 5, Bedroom 4, Bedroom 3
      Primary bedroom
      • Level: Upper
      • Area: 221
      • Dimensions: 17.0 x 13.0
      Bedroom 2
      • Level: Upper
      • Area: 195
      • Dimensions: 15.0 x 13.0
      Bedroom 3
      • Level: Upper
      • Area: 182
      • Dimensions: 13.0 x 14.0
      Bedroom 4
      • Level: Upper
      • Area: 132
      • Dimensions: 12.0 x 11.0
      Bedroom 5
      • Level: Main
      • Area: 156
      • Dimensions: 12.0 x 13.0
      Den
      • Level: Main
      • Area: 91
      • Dimensions: 7.0 x 13.0
      Dining room
      • Level: Main
      • Area: 132
      • Dimensions: 12.0 x 11.0
      Kitchen
      • Level: Main
      • Area: 204
      • Dimensions: 12.0 x 17.0
      Living room
      • Level: Main
      • Area: 247
      • Dimensions: 13.0 x 19.0
      Heating
      • Baseboard, Hot Water
      Appliances
      • Included: Dishwasher, Refrigerator, Range, Microwave
      Features
      • Ceiling Fan(s), Soaking Tub, High Ceilings
      • Basement: Full,Unfinished
      • Has fireplace: No
      Interior area
      • Total structure area: 2,310
      • Total interior livable area: 2,310 sqft
      • Finished area above ground: 2,310
      Video & virtual tour

      Property

      Parking
      • Parking features: Off Street
      Features
      • Levels: Two
      • Has view: Yes
      • View description: Neighborhood
      Lot
      • Size: 8,363 Square Feet
      • Features: Back Yard, Rectangular Lot, Landscaped, Front Yard
      Details
      • Parcel number: 640923277021000004
      • Special conditions: None

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Condition
      • New construction: No
      • Year built: 1961

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Subdivision: City View Add
      HOA
      • Has HOA: No
      Location
      • Region: Valparaiso

      Financial & listing details

      • Price per square foot: $172/sqft
      • Tax assessed value: $238,000
      • Annual tax amount: $5,471
      • Date on market: 8/21/2026
      • Listing agreement: Exclusive Right To Sell
      • Listing terms: Cash,Conventional

        Estimated market value

        $387,100

        $368,000 - $406,000

        $2,727/mo

        Price history

        DateEventPrice
        8/21/2026Listed for sale$396,900$172/sqft
        Source: NIRA as distributed by MLS GRID #844122 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$5,779 +11.4%$238,000 -0.4%
        2024$5,187 -2.6%$238,900 +12.9%
        2023$5,326 +8.1%$211,600 -2.2%
        2022$4,928 +9%$216,300 +12%
        2021$4,521 +9%$193,200 +10.8%
        2020$4,147 +3.5%$174,400 +10.4%
        2019$4,005 +4.8%$157,900 +4%
        2018$3,820 $151,800 +4.8%
        2017$3,820 -25.3%$144,900 +7.4%
        2016$5,116 +52.3%$134,900 -4%
        2014$3,359 +21.1%$140,500 +1.8%
        2013$2,775 -3%$138,000 -3.6%
        2012$2,862 -13.9%$143,100 -13.9%
        2011$3,324 +1.3%$166,200 +1.3%
        2010$3,280 +3%$164,000 +3%
        2009$3,184 $159,200 +26.9%
        2006-- $125,500 +20%
        2005-- $104,600
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 46385

        Getting around

        60 / 100
        Somewhat Walkable
        21 / 100
        Minimal Transit
        50 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Memorial Elementary School
        • Middle: Benjamin Franklin Middle School
        • High: Valparaiso High School

        Source: NIRA as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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