$749,900

231 W 500 N Valparaiso, IN 46385

Estimated payment $4,412/month

Total Views 1,071
3 Beds
3 Baths
3,596 Sq Ft
$209 Price per Sq Ft

Highlights

  • Popular Property
  • Barn
  • 5.5 Acre Lot
  • Memorial Elementary School Rated A
  • Horses Allowed On Property
  • Rural View

About This Home

Where does one begin to describe all this home/property has to offer?? Horse lovers? Land lovers? Potential income lovers, Related living? It's all here! This property feat. a fully equipped horse farm with fenced pastures, spacious heated stables(14 horse stalls), with plenty of room for the riding, training, boarding . In 2021 seller had a new 160 x 60ft Arena built which includes: 5-10x10 stalls, 1-10x20 stall, tack room and hay stall. Front Barn-7-10x10 stalls, 2-10x20 stalls, hay stall, tack room and shower stall and half bath. 2nd garage has pull through overhead doors( can fit a boat or car).The brick ranch features 3 bedrooms on main floor and 2 more bedrooms in basement. Main level has kitchen that opens to family room (all appliances stay). There is a 3 season room off the family room, and a cozy front living room with fireplace for those quiet evenings you just want to kick back and read. Master bedroom has a private bathroom. All bedrooms are good size rooms. Front entrance has a tile floor entry. Laundry room(off the kitchen) has a new pantry closet as well. Finished basement you can enjoy a 2nd living room, 2nd kitchen, 3rd full bath, media room, 2 other bedrooms and a huge utility room. All new flooring on this lower level as well. Long front driveway with a wonderful entrance. This property is now being used as a boarding facility for horses. (horses are not sellers but they board there for a fee). Barn is a functional barn and one can use it for anything they want. There are nice fenced off pastures, with pond and plenty of land for horses to roam. There are many upgrades the sellers have done over the past couple years. There is a list of all the upgrades that will be attached to the documents that your agent can print out and show you. If you love horses or need space for your own horses, this is the place. If you are in another form of business and need tons of space for storing your items, this is the place. Come and see!

Listing Agent

Debra Rasala-Finnegan

Realty Executives Premier License #RB14045646 Listed on: 09/08/2025

Realty Executives Premier

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,000

Year Built

  • Built in 1974

Lot Details

  • 5.5 Acre Lot
  • Partially Fenced Property
  • Additional Parcels

Parking

  • 3 Car Attached Garage

Home Design

  • Brick Foundation

Interior Spaces

  • 1-Story Property
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Carpet
  • Rural Views
  • Basement

Kitchen

  • Country Kitchen
  • Gas Range
  • Range Hood
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer
  • Sink Near Laundry

Outdoor Features

  • Separate Outdoor Workshop
  • Outdoor Storage
  • Front Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Well
  • Water Softener is Owned

Additional Features

  • Barn
  • Horses Allowed On Property

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 640904455014000003

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,000

Year Built

Built in 1974

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Year Built: 1974
  • Reso Property Sub Type: Single Family Residence
  • ResoLaundryFeatures: Gas Dryer Hookup, Sink, Washer Hookup, Main Level
  • ResoLotFeatures: Back Yard, Few Trees, Horses Allowed, Front Yard
  • ResoPoolFeatures: None
  • Reso View: Rural
  • Co List Office Mls Id: NRA1103
  • Subdivision Name: n/a
  • Above Grade Finished Sq Ft: 2096
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Reso Other Structures: Barn(s), Workshop, Outbuilding, Garage(s)
  • Property Attached Yn: No
  • Financial Info Electric: 200+ Amp Service, Circuit Breakers
  • AuctionYN: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Gas Range, Refrigerator, Water Softener Owned, Washer, Gas Cooktop, Range Hood, Gas Water Heater, Gas Range, Dryer, Disposal, Dishwasher
  • Interior Amenities: Ceiling Fan(s), Kitchen Island, Pantry, Entrance Foyer, Country Kitchen
  • Basement: Finished, Storage Space, Sump Pump, Full
  • Flooring: Carpet, Other, Laminate
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 1500
  • Fireplace Features: Living Room, Wood Burning
  • Fireplaces: 1

Exterior Features

  • Exterior Features: Fire Pit, Storage
  • Fencing: Partial
  • Acres: 5.5
  • Waterfront: No
  • Construction Type: Brick
  • Patio And Porch Features: Front Porch, Rear Porch

Garage/Parking

  • Garage Spaces: 3
  • Parking Features: Additional Parking, Driveway, Heated Garage, Attached

Utilities

  • Sewer: Septic Tank
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Forced Air, Natural Gas
  • Water Source: Well

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 239580
  • Additional Parcels: Yes
  • Parcel #: 640904455014000003

Tax Info

  • Year: 2024
  • Tax Annual Amount: 5000

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,206 $465,000 $90,300 $374,700
2023 $5,066 $476,400 $90,200 $386,200
2022 $5,115 $450,000 $90,200 $359,800
2021 $4,609 $370,900 $90,200 $280,700
2020 $4,489 $350,800 $81,900 $268,900
2019 $4,701 $357,800 $81,900 $275,900
2018 $4,643 $351,700 $81,900 $269,800
2017 $4,479 $343,300 $81,900 $261,400
2016 $4,277 $346,900 $91,700 $255,200
2014 $3,400 $327,500 $85,400 $242,100
2013 -- $309,800 $84,900 $224,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/08/2025 09/08/25 For Sale $749,900 +100.0% $209 / Sq Ft
10/02/2015 10/02/15 Sold $375,000 0.0% $104 / Sq Ft
09/02/2015 09/02/15 Pending -- -- --
08/01/2015 08/01/15 For Sale $375,000 -- $104 / Sq Ft
Source: Northwest Indiana Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Meridian Title Corp
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $417,500 New Conventional
Closed $367,150 New Conventional
Closed $369,354 FHA
Closed $368,207 FHA
Previous Owner $130,500 Unknown
Source: Public Records

Source: Northwest Indiana Association of REALTORS®

MLS Number: 827395

Northwest Indiana Association of REALTORS®

APN: 64-09-04-455-014.000-003