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$699,900 Just Listed
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Property Description
Only 45 min from Chicago and 15min from I94. Where does one begin to describe all this home? Horse lovers? Land lovers? Potential income lover? Possible related living? 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 possibly more 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. Fin. basement you can enjoy a 2nd living room, 2nd kitchen, 3rd full bath, media room, possibly 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 the sellers but they are cared for by the sellers for a fee). Barn is a functional barn and one can use it for anything they want. There are nice fenced off pastures,(new North fence line) with pond and plenty of land for horses to roam. 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. MBath has been updated
Full Property Details
Full Property Details for 231 W 500 N
General
- Price: $699,900
- Taxes: $4,143 (2024)
- Status: Active
- Type: Single Family
- Source: GNIAR
- MLS ID: 838671
- Updated: 5/11/2026
- Added to Site: 1 day(s) ago
Interior
- Number of Rooms: 12
- Interior Features: Ceiling Fan(s), Country Kitchen, Pantry, Kitchen Island, Entrance Foyer
- Fireplace: Yes
- Number of Fireplaces: 1
- Appliances: Built-In Gas Range, Water Softener Owned, Washer, Range Hood, Refrigerator, Gas Water Heater, Gas Range, Gas Cooktop, Dishwasher, Disposal, Dryer
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 3
Exterior
- Exterior Features: Fire Pit, Storage
Parking
- Garage Spaces: 3
- Parking Features: Attached, Heated Garage, Driveway, Additional Parking, Detached
Location
- County: Porter
- Township: Center
- Subdivision: n/a
- Driving Directions: Hwy 130 west to Froberg Rd. North to 500 N. West to property on the right. Hwy 6 to Rte 149. South to 500 N. East to property on the left
Heating & Cooling
- Heating Type: Forced Air, Natural Gas
Structural Information
- Square Feet: 3,596
- Year Built: 1974
Lot Features
- Lot Size (Acres): 5.5
- Lot Size (Sq. Ft.): 239,580
- Lot Features: Back Yard, Horses Allowed, Front Yard, Few Trees
Financial Considerations
- Tax Amount: $4,143
- Tax Year: 2024
- Terms: Cash, VA Loan, FHA, Conventional
Disclosures and Reports
- Legal Description: Legal Description: S600 W200 E 400 SW SE 4-35-6 2.75A & S600 E200 SW SE 4-35-6 2.75A
- Property ID: 640904455014000003
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Schools
Schools serving 231 W 500 N
School District:Valparaiso Community Schools
| Name | Grades | Distance |
|---|---|---|
Cooks Corners Elementary School 358 Bullseye Lake Road, Valparaiso, IN 46383 | K-5 | 2.4 mi |
Benjamin Franklin Mid School 605 Campbell Street, Valparaiso, IN 46385 | 6-8 | 3.3 mi |
Valparaiso High School 2727 Campbell Street, Valparaiso, IN 46385 | 9-12 | 2.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 231 W 500 N
Date
Details
Price
Change
Source
5/11/2026
Listed
$699,900
52.07%
MLS
10/02/2015
Sold
$460,259
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 231 W 500 N
Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,283
—
$470,400
1%
2024
$4,283
-18%
$465,000
-2%
2023
$5,206
-1%
$476,400
6%
2022
$5,255
14%
$450,000
21%
2021
$4,609
3%
$370,900
6%
2020
$4,489
-5%
$350,800
-2%
2019
$4,701
1%
$357,800
2%
2018
$4,643
4%
$351,700
2%
2017
$4,479
—
$343,300
-1%
2017
$4,479
5%
$346,900
6%
2016
$4,277
-1%
$327,900
—
2015
$4,334
31%
$327,500
7%
2013
$3,316
—
$306,000
—
2012
$3,316
—
$306,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 231 W 500 N
231 W 500 N, Valparaiso, IN 46385 (MLS# 838671) is a Single Family property with 3 bedrooms and 3 full bathrooms. 231 W 500 N is currently listed for $699,900 and was received on May 11, 2026. Want to learn more about 231 W 500 N? Do you have questions about finding other Single Family real estate for sale in Valparaiso? You can browse all Valparaiso real estate or contact a Coldwell Banker agent to request more information.

