Date
Details
Price
Change
Source
10/08/2026
Listed
$700,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$700,000 Just Listed
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Property 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!
Full Property Details
Full Property Details for 385 W 500 N
General
- Price: $700,000
- Taxes: $3,707 (2025)
- Status: Active
- Type: Single Family
- Source: GNIAR
- MLS ID: 846516
- Updated: 10/8/2026
- Added to Site: 1 day(s) ago
Interior
- Number of Rooms: 7
- Interior Features: Entrance Foyer, Tray Ceiling(s)
- Fireplace: Yes
- Number of Fireplaces: 1
- Appliances: None
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- 3/4 Bathrooms: 1
Bedrooms
- Total Bedrooms: 3
Exterior
- Exterior Features: Private Yard
Parking
- Garage Spaces: 2
- Parking Features: Attached, Gravel, Garage Faces Rear
Location
- County: Porter
- Township: Union
- Subdivision: none
- Driving Directions: State Road 130 to Wolf Road/ N 450 West. Right onto W 500 N. Turn in is shortly past Salt Creek and will appear that you're turning into a farm. Turn right into the drive but then make an immediate sharp right behind to go up gravel drive on right.
School Information
- High School District: Union Township
Heating & Cooling
- Heating Type: Hot Water
Structural Information
- Square Feet: 1,590
- Year Built: 1937
Lot Features
- Lot Size (Acres): 40.68
- Lot Size (Sq. Ft.): 1,772,020.8
- Lot Features: Back Yard, Wooded, Private, Front Yard
Financial Considerations
- Tax Amount: $3,707
- Tax Year: 2025
- Terms: Cash
Disclosures and Reports
- Legal Description: W1/2 NE NW & RD PARC IN E1/4 NW 8-35-6 20.24A
- Property ID: 640908100003000019
Listed by Trueblood Real Estate, LLC
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agents
— 385 W 500 N —
Trueblood Real Estate, LLC
Trueblood Real Estate, LLC
NMLS#: 1598647
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Schools
Schools serving 385 W 500 N
School District:Union Township School Corporation
| Name | Grades | Distance |
|---|---|---|
John Simatovich Elementary School 424 West 500 North, Valparaiso, IN 46385 | K-5 | 0.6 mi |
Union Township Middle School 599 West 300 North, Valparaiso, IN 46385 | 6-8 | 0.5 mi |
Wheeler High School 587 W 300 N, Valparaiso, IN 46385 | 9-12 | 2.8 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 385 W 500 N
Tax History
Tax History for 385 W 500 N
Year
Property Taxes
Change
Tax Assessment
Change
2024
$318
4%
$9,300
13%
2023
$307
1%
$8,200
—
2022
$303
-1%
$8,200
—
2021
$306
4%
$8,200
15%
2020
$294
—
$7,100
—
2019
$295
-3%
$7,100
—
2018
$305
3%
$7,100
—
2017
$295
—
$7,100
-11%
2017
$295
-4%
$8,000
—
2016
$306
-1%
$8,000
-92%
2015
$309
15350%
$101,500
101400%
2013
$2
—
$100
—
2012
$2
—
$100
—
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 385 W 500 N
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385 W 500 N, Valparaiso, IN 46385 (MLS# 846516) is a Single Family property with 3 bedrooms, 2 full bathrooms and 1 partial bathroom. 385 W 500 N is currently listed for $700,000 and was received on October 08, 2026. Want to learn more about 385 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.