Excellent Investment Opportunity. THE WELL LOCATED ON THIS LOT IS THE EXCLUSIVE WATER SOURCE FOR Mallards Pointe Subdivision. Features, an attractive monthly income rental income and NO HOA DUES. Inquire today about this opportunity. While serving as the subdivision's water supply, the lot cannot be built or developed residentially. This is strictly an investment property.
Active
$125,000
792 Merganser Ln, Valparaiso, IN 46385
--beds
--baths
1.56Acres
Unimproved Land
Built in ----
1.56 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Exclusive water source
- 301 days
- 57
- 4
Zillow last checked:
Listing updated:
Listed by:
Nicholas Sommer,
Century 21 Alliance Group 219-462-2090,
Connor Ritzi,
Century 21 Alliance Group
Source: NIRA as distributed by MLS GRID,MLS#: 830265
Facts & features
Property
Lot
- Size: 1.56 Acres
- Features: Other
Details
- Parcel number: 640627126003000006
- Zoning description: Rural Residential
- Special conditions: Standard
Utilities & green energy
- Electric: 200+ Amp Service
- Sewer: Other
- Water: Well
- Utilities for property: Cable Connected, Water Connected, Water Available, Natural Gas Connected, Electricity Connected
Community & HOA
Community
- Subdivision: Mallards Landing
HOA
- Has HOA: Yes
- Amenities included: None
- HOA name: Mallards Landing
- HOA phone: 219-331-9719
Location
- Region: Valparaiso
Financial & listing details
- Tax assessed value: $80,700
- Annual tax amount: $762
- Date on market: 11/3/2025
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 11/3/2025 | Listed for sale | $125,000 |
Source:  NIRA as distributed by MLS GRID #830265 Report a problem | ||
| 10/14/2025 | Listing removed | $125,000 |
Source: NIRA as distributed by MLS GRID #811586 Report a problem | ||
| 10/14/2024 | Listed for sale | $125,000 |
Source: NIRA as distributed by MLS GRID #811586 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $762 +2.6% | $80,700 +66% |
| 2024 | $743 +0.4% | $48,600 +5% |
| 2023 | $740 +5% | $46,300 |
| 2022 | $704 +10.3% | $46,300 |
| 2021 | $638 -4.4% | $46,300 +14.6% |
| 2020 | $668 -13.6% | $40,400 |
| 2019 | $773 +1.2% | $40,400 |
| 2018 | $763 | $40,400 |
| 2017 | $763 +11.6% | $40,400 +11.6% |
| 2016 | $684 -1.1% | $36,200 -5.7% |
| 2014 | $692 +6.6% | $38,400 +1.9% |
| 2013 | $650 +3% | $37,700 +4.1% |
| 2012 | $631 +31.9% | $36,200 +11% |
| 2011 | $478 -0.9% | $32,600 -2.1% |
| 2010 | $482 +1.3% | $33,300 |
| 2009 | $476 | $33,300 +6.7% |
| 2006 | -- | $31,200 +9.9% |
| 2005 | -- | $28,400 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 46385
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