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385 W 500 N, Valparaiso, IN 46385

$700,000

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  • 3 BedroomBeds
  • 3 BathroomBaths
  • 1,590Sqft
  • 0Acres
  • Single FamilyType
  • ActiveStatus
  • 846516MLS#
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Property Description 385 W 500 N, Valparaiso, IN 46385

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 Details 385 W 500 N, Valparaiso, IN 46385

  • On Market Date: 10/08/2026
  • Year Built: 1937
  • Sq. Ft.: 1,590
  • MLS#: 846516
  • Type: Single Family
  • Status: Active
  • Lot Size: 1,772,020
  • Price: $700,000
  • City: Valparaiso
  • State: IN
  • Zip: 46385
  • County: Porter
  • Price Per Sq Ft: $440
  • Acreage: 40
  • Development: NO
  • Date Last Updated: 10/08/2026
  • Property tax: $3,707

Bedrooms

  • Beds: 3

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Basement: Yes
  • Garage/Parking Spaces: 2
  • Pool: NO
  • No. of Fireplaces: 1
  • Water: Well
  • Sewer: Septic Tank
  • Heating: Hot Water
  • Cooling: None

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