An Investor's Dream in Lake Village, IN - This single-family residence at 8876 N 500 W, Lake Village, IN, is an exceptional investment opportunity. With its potential for immediate value appreciation and a flexible layout, this property is perfect for both savvy investors and homeowners looking to build equity. The home's generous 2,360 square feet of living space provides a comfortable and adaptable layout. The main level boasts a kitchen, 3 bedrooms and a bathroom. The bath is jack & Jill between the primary bedroom & upper hall. What truly sets this property apart is the unfinished lower level. This expansive space is a blank canvas, with rough-ins already in place for a bedroom, a family room, and a full bathroom. This allows for a straightforward expansion of the living area, which will significantly increase the home's square footage and overall value. Finishing this space offers a clear path to a high return on investment. Situated on a massive 79,149-square-foot lot, the property features a deck for entertaining and a shed for additional storage. Its peaceful, rural setting provides a quiet escape while still being a short drive from local amenities. This property isn't just a home; it's a strategic investment with a clear and actionable path to profitability. The opportunity to add significant value by completing the lower level makes it a smart choice for anyone looking to grow their portfolio. Call Broker Bay for showings.
Sold
$215,000
8876 N 500 W, Lake Village, IN 46349
4beds
2,360sqft
Residential, Single Family Residence
Built in 2003
1.82 Acres Lot
$231,900 Zestimate®
$91/sqft
$2,416 Estimated rent
Home value
$231,900
$197,000 - $274,000
$2,416/mo
Zestimate® history
Owner options
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$2,416/mo
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$2,416/mo
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$1,397/mo
Est. payment
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$1,397/mo
Est. payment
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List your homeWhat's special
Peaceful rural settingUnfinished lower levelExpansive spaceShed for additional storageRough-ins already in place
Zillow last checked:
Listing updated:
Listed by:
Cathy O'Banion 317-697-9340,
United Real Estate Indpls
Bought with:
Cathy O'Banion
United Real Estate Indpls
Source: MIBOR as distributed by MLS GRID,MLS#: 22061301
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 1
Primary bedroom
- Features: Other
- Level: Upper
- Area: 168 Square Feet
- Dimensions: 14x12
Dining room
- Features: Other
- Level: Upper
- Area: 144 Square Feet
- Dimensions: 12x12
Family room
- Features: Other
- Level: Main
- Area: 144 Square Feet
- Dimensions: 12x12
Kitchen
- Features: Other
- Level: Upper
- Area: 144 Square Feet
- Dimensions: 12x12
Laundry
- Features: Other
- Level: Main
- Area: 96 Square Feet
- Dimensions: 12x8
Living room
- Features: Other
- Level: Upper
- Area: 168 Square Feet
- Dimensions: 14x12
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: None, Water Heater, Refrigerator, Washer, Dryer, Dishwasher, Range Hood
- Laundry: Connections All, Sink
Features
- Attic Access
- Has basement: No
- Attic: Access Only
Interior area
- Total structure area: 2,360
- Total interior livable area: 2,360 sqft
Property
Parking
- Total spaces: 2
- Parking features: Attached
- Attached garage spaces: 2
- Details: Garage Parking Other(Garage Door Opener, Service Door)
Features
- Levels: Multi/Split
- Patio & porch: Deck, Porch
- Exterior features: Balcony
- Has view: Yes
- View description: Rural
Lot
- Size: 1.82 Acres
- Features: Not Applicable
Details
- Additional structures: Barn Mini, Storage
- Parcel number: 560419111001003012
- Special conditions: None,As Is
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Residential, Single Family Residence
Materials
- Vinyl Siding
- Foundation: Block, Concrete Perimeter
Condition
- Fixer
- New construction: No
- Year built: 2003
Utilities & green energy
- Electric: Circuit Breakers
- Water: Private
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Loose Parcel
Location
- Region: Lake Village
Financial & listing details
- Price per square foot: $91/sqft
- Tax assessed value: $255,300
- Annual tax amount: $1,962
- Date on market: 9/8/2025
- Cumulative days on market: 4 days
Price history
| Date | Event | Price |
|---|---|---|
| 10/29/2025 | Sold | $215,000$91/sqft |
Source:  MIBOR as distributed by MLS GRID #22061301 Report a problem | ||
| 9/10/2025 | Pending sale | $215,000$91/sqft |
Source: MIBOR as distributed by MLS GRID #22061301 Report a problem | ||
| 9/8/2025 | Listed for sale | $215,000+66%$91/sqft |
Source: MIBOR as distributed by MLS GRID #22061301 Report a problem | ||
| 8/29/2002 | Sold | $129,500$55/sqft |
Source:  NIRA as distributed by MLS GRID #69803 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,963 +4.4% | $255,300 +8.9% |
| 2024 | $1,879 -14.2% | $234,400 +9.5% |
| 2023 | $2,190 +13% | $214,100 -1.2% |
| 2022 | $1,939 +4% | $216,600 +12.6% |
| 2021 | $1,864 +6.9% | $192,400 +4.4% |
| 2020 | $1,744 -0.2% | $184,300 +6.8% |
| 2019 | $1,748 -8.8% | $172,500 +1% |
| 2018 | $1,916 +8.5% | $170,800 -9.3% |
| 2017 | $1,766 +16.6% | $188,400 +6.3% |
| 2016 | $1,514 +9.2% | $177,200 +7.7% |
| 2014 | $1,386 -1.4% | $164,600 +7.1% |
| 2013 | $1,406 +2.8% | $153,700 +0.1% |
| 2012 | $1,367 -14% | $153,600 -9% |
| 2011 | $1,589 -10.3% | $168,800 -8% |
| 2010 | $1,772 +14.7% | $183,500 +7.9% |
| 2009 | $1,545 +37.4% | $170,000 +1.6% |
| 2007 | $1,125 -38.2% | $167,300 +5.6% |
| 2006 | $1,820 | $158,400 +21.3% |
| 2005 | -- | $130,600 |
Find assessor info on the county website
Neighborhood: 46349
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Nearby schools
GreatSchools rating
- 8/10Lake Village Elementary SchoolGrades: K-6Distance: 1.8 mi
- 4/10North Newton Jr-Sr High SchoolGrades: 7-12Distance: 7.3 mi
Schools provided by the listing agent
- Elementary: Lake Village Elementary School
- High: North Newton Jr-Sr High School
Source: MIBOR 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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- Indiana
- Newton County
- Lake Village
- 46349
- 8876 N 500 W
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