About This Home

This 3-bedroom, 3-bathroom single family at 385 W 500 N in Valparaiso, IN is listed for $700,000 ($440 per sqft). Built in 1937, the home offers 1,590 sqft of living space on a 40.68 acres lot.

Key Features

  • Built in 1937
  • 40.68 acre lot
  • Fireplace

Property Details

1 story
2 full
2-car garage
1937

Amenities

Fireplace
Listing Description

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!

Monthly Cost Estimate

$3,744/mo

20% down · 6.5% · 30 years

Principal$506
Interest$3,033
Insurance$204

Estimates only. Actual payments may vary.

Location

385 W 500 N

Valparaiso, IN 46385

Features & Amenities

Interior Features

Entrance FoyerTray Ceiling(s)

Exterior Features

Private Yard

Property Details

Outdoor Features

Porch

Parking

Garage

Heating

Hot Water(Heating)

Questions & Answers

This 3-bedroom, 3-bathroom single family at 385 W 500 N is listed at $700,000 ($440/sqft). The estimated monthly payment is $3,744 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1937, 40.68 acre lot, Fireplace. Interior Features: Entrance Foyer, Tray Ceiling(s). Exterior Features: Private Yard.

This property is listed by Jason Moon.

JM

Jason Moon

Agent at Trueblood Real Estate

Listed by Trueblood Real Estate · Broker phone: (219) 558-0469 · View on Broker Site · Broker website

MLS# 846516· Source: Greater Northwest Indiana Association of REALTORS· 19 days on PropertySimple

Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

385 W 500 N, Valparaiso, IN 46385

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