# 385 W 500 N, Valparaiso, IN 46385 > **TL;DR:** 3bd/3ba single family, $700,000 ($440/sqft), built 1937, 1,590 sqft. > Fireplace, 2-car garage. Est. $3,744/mo. Listed 20 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $700,000 | | Price/sqft | $440 | | Bedrooms | 3 | | Bathrooms | 2 full | | Square Feet | 1,590 | | Year Built | 1937 | | Lot Size | 1,772,021 sqft (40.68 acres) | | Stories | 1 | | Garage | 2-car | | Property Type | Single Family (Single Family Residence) | | Status | Active | | Days on Market | 20 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $3,540 | | Estimated Insurance | $204 | | **Total** | **$3,744** | ## Key Amenities - Fireplace - 2-car garage ## Property Highlights - Built in 1937 - 40.68 acre lot - Fireplace ## Description ### Agent 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! ## Location - **Address:** 385 W 500 N, Valparaiso, IN 46385 - **County:** Porter - **Coordinates:** 41.505351, -87.137319 - **Google Maps:** https://www.google.com/maps?q=41.505351,-87.137319 ## Listing Agent - **Name:** Jason Moon - **Brokerage:** Trueblood Real Estate - **Broker Phone:** (219) 558-0469 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/385-W-500-N_Valparaiso_IN_46385_M32044-22165?f=listhub&s=GNIARIN&m=846516&c=propsimple) ## Photos ![385 W 500 N - Photo 1](http://lh.rdcpix.com/2099b008f28125ec95e325bad1f759e1l-f1909948209r.jpg) ![385 W 500 N - Photo 2](http://lh.rdcpix.com/2099b008f28125ec95e325bad1f759e1l-f2833352086r.jpg) ![385 W 500 N - Photo 3](http://lh.rdcpix.com/2099b008f28125ec95e325bad1f759e1l-f3755079798r.jpg) ![385 W 500 N - Photo 4](http://lh.rdcpix.com/2099b008f28125ec95e325bad1f759e1l-f71187968r.jpg) ![385 W 500 N - Photo 5](http://lh.rdcpix.com/2099b008f28125ec95e325bad1f759e1l-f1548323271r.jpg) ![385 W 500 N - Photo 6](http://lh.rdcpix.com/2099b008f28125ec95e325bad1f759e1l-f2625483776r.jpg) ![385 W 500 N - Photo 7](http://lh.rdcpix.com/2099b008f28125ec95e325bad1f759e1l-f1811301239r.jpg) ![385 W 500 N - Photo 8](http://lh.rdcpix.com/2099b008f28125ec95e325bad1f759e1l-f1063077026r.jpg) ![385 W 500 N - Photo 9](http://lh.rdcpix.com/2099b008f28125ec95e325bad1f759e1l-f2893631607r.jpg) ![385 W 500 N - Photo 10](http://lh.rdcpix.com/2099b008f28125ec95e325bad1f759e1l-f2134042459r.jpg) ![385 W 500 N - Photo 11](http://lh.rdcpix.com/2099b008f28125ec95e325bad1f759e1l-f2013527059r.jpg) ![385 W 500 N - Photo 12](http://lh.rdcpix.com/2099b008f28125ec95e325bad1f759e1l-f3888481749r.jpg) ![385 W 500 N - Photo 13](http://lh.rdcpix.com/2099b008f28125ec95e325bad1f759e1l-f3267801278r.jpg) ![385 W 500 N - Photo 14](http://lh.rdcpix.com/2099b008f28125ec95e325bad1f759e1l-f39366758r.jpg) ![385 W 500 N - Photo 15](http://lh.rdcpix.com/2099b008f28125ec95e325bad1f759e1l-f1961618245r.jpg) --- **MLS#:** 846516 | **Updated:** 2026-10-20 **Source:** listhub *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.* [View on PropertySimple](https://staging.propertysimple.ai/listing/385-w-500-n-valparaiso-in-46385-0fded1d6902a4c8b9ceba51bf7ab7e01) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/385-w-500-n-valparaiso-in-46385-0fded1d6902a4c8b9ceba51bf7ab7e01#listing", "url": "https://staging.propertysimple.ai/listing/385-w-500-n-valparaiso-in-46385-0fded1d6902a4c8b9ceba51bf7ab7e01", "name": "385 W 500 N, Valparaiso, IN 46385", "description": "Exceptional opportunity for investors, developers, or buyers seeking unmatched privacy and massive upside potential, with estimated ARV being well over list price. 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