231 W 500 N Valparaiso, IN 46385
Estimated payment $4,412/month
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
Realty Executives Premier License #RB14045646 Listed on: 09/08/2025

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
Map
Home Values in the Area
Average Home Value in this Area
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 |
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 |
Purchase History
Date | Type | Sale Price | Title Company |
---|---|---|---|
Warranty Deed | -- | Meridian Title Corp |
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: Northwest Indiana Association of REALTORS®
MLS Number: 827395

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