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$369,000 Just Listed
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Property Description
Timeless Charm Meets Modern Comfort in Valparaiso's Beloved Banta Neighborhood! Just a short stroll from vibrant downtown Valparaiso, this beautifully updated home blends classic character with today's sought-after finishes and conveniences. Gorgeous refinished hardwood floors flow throughout the main and upper levels, adding warmth and timeless appeal. The thoughtfully remodeled kitchen features crisp white cabinetry, stylish tile backsplash, and stainless steel appliances, creating a bright and inviting space for everyday living. The main-floor primary suite offers the convenience of a beautifully renovated private bath with tiled shower, while the updated hall bath showcases a charming clawfoot tub that perfectly complements the home's historic character. Upstairs, two additional bedrooms provide comfortable accommodations for family, guests, or a home office. The finished basement expands your living space with a welcoming family room and beautifully finished laundry area. Newer mechanicals provide added peace of mind. Step outside onto the deck just off the living room, overlooking a fenced backyard ideal for relaxing, entertaining, or enjoying time outdoors. A recently refinished detached one-car garage completes the property. Best of all, downtown Valparaiso's restaurants, boutiques, Central Park Plaza, farmers markets, and year-round community events are just a leisurely walk away. Enjoy the charm of an established neighborhood, the convenience of a walkable downtown lifestyle, and the comfort of a home where the updating has already been done. Move right in and start enjoying the best of Valparaiso living!
Full Property Details
Full Property Details for 506 Institute St
General
- Price: $369,000
- Taxes: $5,963 (2025)
- Status: Active
- Type: Single Family
- Source: GNIAR
- MLS ID: 846899
- Updated: 10/15/2026
- Added to Site: 2 day(s) ago
Interior
- Number of Rooms: 8
- Interior Features: Ceiling Fan(s), Soaking Tub
- Appliances: Dryer, Water Softener Owned, Washer, Stainless Steel Appliance(s), Refrigerator, Gas Range, Dishwasher, Disposal
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Exterior
- Exterior Features: Private Yard
Parking
- Garage Spaces: 1
- Parking Features: Detached, Paved, Garage Faces Front, Driveway
Location
- County: Porter
- Township: Center
- Subdivision: 1st Add N Valpo
- Driving Directions: Lincolnway to College, north to Institute, west to property
School Information
- High School District: Valparaiso
Heating & Cooling
- Heating Type: Central, Forced Air
Structural Information
- Square Feet: 1,857
- Year Built: 1895
Lot Features
- Lot Size (Acres): 0.22
- Lot Size (Sq. Ft.): 9,583.2
- Lot Features: Back Yard, Rectangular Lot, Paved, Landscaped, Front Yard
Financial Considerations
- Tax Amount: $5,963
- Tax Year: 2025
- Terms: Cash, FHA, Conventional
Disclosures and Reports
- Legal Description: 1ST ADD N VALPO LOT 2 & 1/2 VAC ALLY ON WEST BLK 15
- Property ID: 640924264004000004
Listed by BHHS Indiana Realty
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Schools
Schools serving 506 Institute St
School District:Valparaiso Community Schools
| Name | Grades | Distance |
|---|---|---|
Central Elementary School, Valparaiso, IN 653 Hayes Leonard Road, Valparaiso, IN 46385 | K-5 | 2.2 mi |
Benjamin Franklin Mid School 605 Campbell Street, Valparaiso, IN 46385 | 6-8 | 0.7 mi |
Valparaiso High School 2727 Campbell Street, Valparaiso, IN 46385 | 9-12 | 1.6 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 506 Institute St
Date
Details
Price
Change
Source
10/15/2026
Listed
$369,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 506 Institute St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,983
-5%
$259,400
—
2024
$6,321
11%
$260,500
13%
2023
$5,684
10%
$231,000
11%
2022
$5,153
9%
$208,400
13%
2021
$4,739
8%
$184,800
10%
2020
$4,380
4%
$168,000
5%
2019
$4,226
4%
$159,900
4%
2018
$4,051
2%
$153,300
1%
2017
$3,991
—
$151,200
2%
2017
$3,991
177%
$147,700
6%
2016
$1,442
3%
$139,900
5%
2015
$1,400
34%
$133,500
9%
2013
$1,044
—
$123,000
—
2012
$1,044
—
$123,000
—
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 506 Institute St
506 Institute Street, Valparaiso, IN 46383 (MLS# 846899) is a Single Family property with 3 bedrooms and 2 full bathrooms. 506 Institute Street is currently listed for $369,000 and was received on October 15, 2026. Want to learn more about 506 Institute Street? 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.

