231 W 500 N, Valparaiso, IN 46385
n/a · Porter County
Key Facts
Description
HORSE FARM..FAMILY COMPOUND...BUSINESS OPPORTUNITY...DREAM PROPERTY! Some properties check the boxes.. but this one just might change the way you imagine living. ***Photos showcase the home, barns, and acreage--but they can't capture the quiet,the privacy, or the feeling of standing on nearly 6 acres just minutes from everything Valparaiso has to offer. ***Imagine raising your family where children have room to roam, ride horses, fish in the pond, build forts, help care for animals, and create the kind of childhood memories that simply can't be recreated in a subdivision. Whether you're gathering around bonfires, hosting holidays, or watching grandkids explore the property years from now, this is a place designed to grow with every season of life. **The spacious 3+(poss. 5) bedroom ranch with two complete living areas (X2 KITCHENS, RELATED LIVING?) for your out of town guests, or you can have your own private home office. As your family's needs evolve, this home evolves with you. ***Outside, the opportunities are endless. A fully equipped equestrian facility with heated barns, a 160' x 60' indoor arena, fenced pastures, oversized garages, and a beautiful pond create the perfect setting for horse enthusiasts, hobby farmers, entrepreneurs, or anyone seeking room to pursue their passions of business. ***Perhaps the most remarkable feature is something that can't be built or duplicated--privacy. In one of Northwest Indiana's most desirable and fastest-growing communities, finding nearly 6 usable acres with mature trees, thoughtful placement of the home and barns, and the expansive property create a quiet, retreat while remaining just minutes from everything Valparaiso has to offer. ***This isn't simply a home--it's an opportunity to build a lifestyle, create lasting memories, and invest in a property that offers possibilities for generations to come. ***Make sure you check out all the rooms this home has to offer. COME AND CHECK US OUT!
Property Information
Property Type
Farm
Sub-Type
Farm
Year Built
1974
Living Area
3,596 sq ft
Lot Size
5.50 acres
Garage Spaces
3
Days on Market
53
MLS® Listing#
838668
Property Features
Interior
Exterior
Appliances
Cooling
Heating
Fireplace
Basement
Pool
Laundry
Patio
Lot Features
Construction
Other Structures
Utilities
Sewer
Water Source
Financial Details
HOA
None
Annual Taxes
$4,143
Tax year 2024
Parcel Number
640904455014000003
Directions
Hwy 130 west to Froberg Rd. North to 500 N. West to property on the right. Hwy 6 to Rte 149. South to 500 N. East to property on the left
Affordability Calculator
$132,980
Estimated monthly payment
$3,539/mo
Principal $531,919 · Est. interest $742,075 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Valparaiso, IN
- $478,571
- Median Listing Price
- 51
- Median Days on Market
- 2,303
- Median Sq Ft
- $197
- Median Price / Sq Ft
- 292
- Active Listings
- This home’s price is 39% above the area median.
- Its price per sq ft is 6% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Valparaiso, IN.
Location
Points of Interest in Valparaiso, IN
Showing the Valparaiso area map.
Nearby Schools
Union Center Elementary School
Elementary · 0.9 mi away
Union Township Middle School
Secondary · 1.0 mi away
John Simatovich Elementary School
Elementary · 2.9 mi away
Wee Care Child Development Center
School · 4.4 mi away
Memorial Elementary School
Elementary · 4.8 mi away
Northwest Adventist Christian School
School · 4.8 mi away
Porter Township School Corporation
Elementary · 4.8 mi away
Heavilin Elementary School
Elementary · 4.9 mi away
Hobart High School
Secondary · 4.9 mi away
Boone Grove High School
Secondary · 5.0 mi away
John Wood Elementary School
Elementary · 5.1 mi away
Benjamin Franklin Middle School
Secondary · 5.2 mi away
South Haven Elementary School
Elementary · 5.3 mi away
Valparaiso High School
Secondary · 5.4 mi away
Jerry Ross Elementary School
Elementary · 5.4 mi away
Saylor Elementary School
Elementary · 5.5 mi away
Special Education Division
Elementary · 5.5 mi away
Central Elementary School
Elementary · 5.5 mi away
Christ Lutheran Church
Elementary · 5.5 mi away
Porter County Career Center
Secondary · 5.5 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1917 Garland Circle Drive, Valparaiso, IN | $474,900 | 4 | 4 | 3,425 |
| 213 Spectacle Drive, Valparaiso, IN | $474,900 | 3 | 3 | 2,058 |
| 1704 Eisenhower Avenue, Valparaiso, IN | $475,000 | 4 | 4 | 3,946 |
| 243 S 150 E, Valparaiso, IN | $478,000 | 4 | 3 | 2,064 |
| 4010 Crown Drive, Valparaiso, IN | $484,900 | 6 | 4 | 3,249 |
| 552 N 250 W, Valparaiso, IN | $484,999 | 4 | 4 | 3,558 |
Moving Cost Estimate
EXIT Agents in Valparaiso
Listing Courtesy: Realty Executives Premier - 2194622224
Presented by: Debbie Rasala-Finnegan
Last Updated: 2026-05-11