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385 W 500 N
Valparaiso IN 46385 US

$700,000

Active Listing ID 846516
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3 bed
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1,590 square feet
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3.00 Bath (2 Full)
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Lot: 40.68 Acres
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Single Family Residence

$700,000

Active Listing ID 846516
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385 W 500 N 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!

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Property Features

  • Facts
  • Lot Size: 40.68 Acres
  • Property Type: Residential
  • Property Sub-type: Single Family Residence
  • Features
  • Full Bathrooms: 2
  • 3/4 Bathrooms: 1
  • Exterior Finish: Private Yard
  • Heating Fuels: Hot Water(Heating)
  • Additional Features
  • Basement
  • Fireplace
  • Patio

Property

  • propertytype: Residential
  • propertysubtype: Single Family Residence
  • listprice: 700000
  • unparsedaddress: 385 W 500 N
  • postalcity: Valparaiso
  • stateorprovince: IN
  • country: US
  • postalcode: 46385
  • bathroomsfull: 2
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 1
  • lotsizeacres: 40.68
  • lotsizeunits: Acres
  • lotsizearea: 40.68
  • livingarea: 1590
  • livingareaunits: Square Feet
  • latitude: 41.505351
  • longitude: -87.137319
  • listagentfullname: Jason Moon
  • listagentemail: jason@jasonmoonrealtygroup.com
  • listagentkey: 3yd-GNIARIN-10649
  • listagentmlsid: 10649
  • listagentpreferredphone: 2197750869
  • listagentofficephone: 2197750869
  • listofficekey: 3yd-GNIARIN-2003
  • listofficemlsid: 2003
  • disclaimer: Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: GNIARIN
  • yearbuilt: 1937
  • listingcontractdate: 2026-10-08
  • listagentfax: 2194625904
  • listagenturl: https://www.TruebloodRE.com
  • countyorparish: Porter
  • parcelnumber: 640908100003000019
  • elementaryschooldistrict: Union Township
  • middleorjuniorschooldistrict: Union Township
  • highschooldistrict: Union Township
  • heating: Hot Water(Heating)
  • fireplaceyn: True
  • transactiontype: ForSale
  • storiestotal: 1
  • parkingtotal: 0
  • parkingfeatures: Garage
  • waterfrontyn: False
  • franchiseaffiliation: None
  • interiorfeatures: Entrance Foyer, Tray Ceiling(s)
  • exteriorfeatures: Private Yard
  • windowfeatures: Wood Frames
  • rooms: Bathroom 2, Dining Room, Bathroom 1, Basement, Bedroom 1, Bedroom 3, Bathroom 3, Bedroom 2
  • patioandporchfeatures: Porch
  • basement: Partially Finished, Full, Interior Entry
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -87.13732, 41.505352
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Trueblood Real Estate", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"jason@jasonmoonrealtygroup.com", "ListBrokerageCity":"St. John", "ListBrokerageCountry":"US", "ListBrokerageEmail":"brian@truebloodre.com", "ListBrokerageLogoUrl":"http://lh.rdcpix.com/f87719a1eb9911eab96d0242ac110002k-c3916521540r.png", "ListBrokerageName":"Trueblood Real Estate", "ListBrokeragePhone":"(219) 558-0469", "ListBrokeragePostalCode":"46373", "ListBrokerageStateOrProvince":"IN", "ListBrokerageUnitNumber":"Suite 4", "ListBrokerageUnparsedAddress":"10210 Wicker AVe", "ListBrokerageWebsiteUrl":"https://www.TruebloodRE.com", "ListOfficeAddress1":"10210 Wicker Ave Suite 4 ", "ListOfficeAddress2":"Suite 4", "ListOfficeBrokerMlsId":"2003", "ListOfficeCity":"St. John", "ListOfficeCountry":"US", "ListOfficeEmail":"admin@truebloodre.com", "ListOfficePostalCode":"46373", "ListOfficeStateOrProvince":"IN", "ListPriceCurrencyType":"USD", "ListingTitle":"Residential, Valparaiso, IN", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/385-W-500-N_Valparaiso_IN_46385_M32044-22165?f=listhub&s=GNIARIN&m=846516&c=rexren", "MLSModificationTimestamp":"2026-10-08 23:04:15", "Neighborhoods":[], "PostalCode":null, "RoomCount":7, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":3707, "TaxDescription":"W1/2 NE NW & RD PARC IN E1/4 NW 8-35-6 20.24A", "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 10/8/2026 11:07:24 PM GMT
Source Updated Date: 10/11/2026 12:52:36 AM GMT

Courtesy of: Jason Moon, Trueblood Real Estate, LLC, jason@jasonmoonrealtygroup.com

Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.