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Listing provided courtesy of Realty Executives Premier IllinoisMREDas Distributed by MLSGrid- MLS# 12644859MLS Provider

231 W 500 NValparaiso, IN 46385

Single Family · 3 Beds · 3 Full Baths · 3,596 Sq. ft. | 5.50 Acres
$689,900 Active

231 W 500 N Overview

Time on Site:
49 days
Visits:
0

Where does one begin to describe all this home/property has to offer?? Horse lovers? Land lovers? Potential income lovers, Related living? It's all here! 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 2 more bedrooms 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. Finished basement you can enjoy a 2nd living room, 2nd kitchen, 3rd full bath, media room, 2 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 sellers but they board there). Barn is a functional barn and one can use it for anything they want. There are nice fenced off pastures, with pond and plenty of land for horses to roam. There are many upgrades the sellers have done over the past couple years. 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. Come and see!

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231 W 500 N Facts & Features

  • Type Single Family
  • Sq. ft. 3,596
  • Price/Sq.ft. $192
  • Lot 5.50 Acres

Details

General

Association/HOA

  • Association Fee Frequency: Not Applicable
  • Association Fee Includes: None

Building Information

  • New Construction: No
  • Year Built: 1974

Location/Region

  • County Or Parish: Porter
  • MLS Area Major: Indiana - Valparaiso
  • Township: Porter

Tax Information

  • Tax Annual Amount: $4,143.00
  • Tax Year: 2025

General Information

  • Ownership: Fee Simple
  • Parcel Number: 640904455014000003
  • Property Type: Residential
  • Special Listing Conditions: None

Interior

Building Information

  • Approx. Total Finished SqFt.: 3596
  • Basement SqFt.: 2096
  • Disability Access: No
  • Total SqFt.: 2096
  • Unfinished Basement SqFt.: 596

Parking Information

  • Garage Spaces: 3

Beds/Baths

  • Bathrooms Full: 3
  • Bathrooms Half: 0
  • Bathrooms Total: 3
  • Bedrooms Total: 3
  • Bedrooms Possible: 3

Building Interior

  • Below Grade Finished Area: 1500

General Information

  • Appliances: Dishwasher, Refrigerator, Washer, Dryer, Disposal, Range Hood, Gas Oven
  • Basement: Partially Finished, Full
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Interior Features: 1st Floor Bedroom, 1st Floor Full Bath, Pantry
  • Living Area: 3596
  • Living Area Source: Assessor
  • Other Equipment: Water-Softener Owned, Ceiling Fan(s), Sump Pump, Water Heater-Gas
  • Rooms Total: 10

Exterior

Parking Information

  • Parking Features: Yes, Garage Owned, Attached, Garage
  • Parking Total: 3

Lot Information

  • Additional Parcels: Yes
  • Lot Size Acres: 5.5
  • Lot Size Dimensions: 5.5
  • Water Source: Well

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Brick

General Information

  • Sewer: Septic Tank

Room Information

Room: Bonus Room

  • Level: Basement
  • Dimensions: 15X12

Room: Den

  • Level: Basement
  • Dimensions: 17X17

Room: Kitchen- 2nd

  • Level: Basement
  • Dimensions: 14X17

Room: Media Room

  • Level: Basement
  • Dimensions: 13X12

Room: Other Room

  • Level: Basement
  • Dimensions: 16X10

Room: Utility Room-Lower Level

  • Level: Basement
  • Dimensions: 34X12

Room: Bedroom 2

  • Level: Main
  • Dimensions: 12X13

Room: Bedroom 3

  • Level: Main
  • Dimensions: 12X12

Room: Family Room - Down

  • Level: Main
  • Dimensions: 17X25

Room: Kitchen

  • Level: Main
  • Dimensions: 14X14

Room: Living Room

  • Level: Main
  • Dimensions: 14X12

Room: Master Bedroom

  • Level: Main
  • Dimensions: 14X18

  • Level: N/A

  • Level: N/A

  • Level: N/A

Room: Bedroom 4

  • Level: N/A

Room: Dining Room

  • Level: N/A

Room: Family Room

  • Level: N/A

Room: Laundry

  • Level: N/A

231 W 500 N Neighborhood

Community

46385 (VALPARAISO) Demographics

42
Median Age
491
Population Density (per sq. mile)
42%
College Educated
$86,623
Estimated Median Income
12,856
Estimated Total Home Owners
2,070
Estimated Total Renters
86% / 14%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

231 W 500 N Monthly Cost

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Corinne Guerra
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

231 W 500 N Market Data

Based on the last 30 days in this zip code

$610,305
Average List Price
$212
Average Price per Square Foot
60
Properties Sold
81
Average Days on Market
267
Properties for Sale
Calculations provided by Reliance Network

231 W 500 N History

Date Event Value Agent
6/22/2026Source: MRED Status Change
Active
6/16/2026Source: Northwest Indiana MLS Price Reduction
$689,900 -1.4%
6/16/2026Source: Northwest Indiana MLS Price Reduction
$689,900 -1.4%
6/16/2026Source: Northwest Indiana MLS Status Change
Active
6/16/2026Source: Northwest Indiana MLS Status Change
Active
6/16/2026Source: MRED Price Reduction
$689,900 -1.4%
6/16/2026Source: MRED Status Change
Re-activated
6/2/2026Source: MRED Status Change
Pending
6/2/2026Source: Northwest Indiana MLS Status Change
Pending
6/2/2026Source: Northwest Indiana MLS Status Change
Pending
5/16/2026Source: MRED Status Change
Active
5/11/2026Source: MRED Added to Database
May 11, 2026
5/11/2026Source: Northwest Indiana MLS Added to Database
May 11, 2026
5/11/2026Source: Northwest Indiana MLS Added to Database
May 11, 2026