220 W 500 N, Valparaiso, IN 46385

$829,500
Property Type: Land Lot Size (sq. ft.): 3,441,240 Status: Closed
Current Price: $829,500 List Date: 10/07/2014 Last Modified: 2/22/2024

Overview

Description

Subject property is currently farmed but ideal parcel for residential development. Property is adjacent to upscale developments Brigata and Pepper Creek and has utilities stubbed to the site with frontage on 500 N and a street stubbed in from Brigata. Property features nice rolling topography with tree lined perimeter. Generates farm rental income but already annexed to the City. This parcel is the NW property line for the City of Valparaiso. Excellent long term opportunity or may be readily developed. The property has just under 1/4 mile of frontage on 500 N and is 1/2 mile deep except for a 100' x 436' 1 acre parcel in NE corner for single family residence.

Listing Details MLS# 359897

General Property Information

Lot Size Acres
79
Lot Size Square Feet
3441240
Lot Size Dimensions
1220' N, 2640' W 1320' S 2204' E
List Price/Acre
13000
Sold Price/Acre
10500

Property Features

Current Use: Farm Development Status: Site Plan Approved Lease Type: Net Listing Terms: Cash; Conventional Lot Features: Cleared; Open Lot; Sloped Other Structures: None Possible Use: Farm; Residential; Other Road Frontage Type: City Street; County Road Road Surface Type: Paved Utilities: Natural Gas Available; Sewer Available; Water Available

Contract Information

Auction YN
No
Original List Price
1027000
Property Sub Type
Unimproved Land
Lease Considered YN
Yes
Listing Agreement
Exclusive Right To Sell
Owner Name
SB Pad Holdings I, LLC

Location Tax and Legal

Street Number
220
Street Direction Prefix
W
Street Name
500
Street Direction Suffix
N
County
Porter
State
IN
Postal Code
46385
Subdivision Name
N/A

Remarks and Miscellaneous

Public Remarks
Subject property is currently farmed but ideal parcel for residential development. Property is adjacent to upscale developments Brigata and Pepper Creek and has utilities stubbed to the site with frontage on 500 N and a street stubbed in from Brigata. Property features nice rolling topography with tree lined perimeter. Generates farm rental income but already annexed to the City. This parcel is the NW property line for the City of Valparaiso. Excellent long term opportunity or may be readily developed. The property has just under 1/4 mile of frontage on 500 N and is 1/2 mile deep except for a 100' x 436' 1 acre parcel in NE corner for single family residence.

Status Change Information

Major Change Timestamp
2016-02-02T17:43:44Z
Major Change Type
Status Change
Status Change Timestamp
2016-02-02
Offer Acceptance Date
2016-02-01
Close Date
2016-02-02
Close Price
829500
Buyer Financing
Conventional

More Information

Exemption Information

Exemption YN
Y

Showing Requirements

Showing Instructions
Please do not walk property without agent present or consent

Historical Information

Public Historical Remarks
No Septic Tank: No, No Well: No

Location, Tax, and Legal

School District
Valparaiso
Tax Annual Amount
2726
Tax Year
0
Tax Assessed Value
0
Tax Legal Description
Platted Subdivision: No, Legal Description: 3 parcels in the NE portion of Section 9, Twn 35 N, Range 6 W in Center Twn.
Parcel Number
640909200008000004
Township
Center
Directions
From Hwy 149 take 500 N East approximately 1/4 mile. Located just West of Brigata. From Hwy 30 or Hwy 130 take 250 W, North to 500 N, turn right and go approximately 1/4 mile and the property is on the South side of 500 N.

Listing Terms

Cash
Yes
Conventional
Yes

Lot Features

Cleared
Yes
Open Lot
Yes
Sloped
Yes

Other Structures

None
Yes

Road Frontage Type

City Street
Yes
County Road
Yes

Road Surface Type

Paved
Yes

Utilities

Natural Gas Available
Yes
Sewer Available
Yes
Water Available
Yes

Auction

Minimum Opening Bid
0
Buyer Premium Amount
0

Lease Type

Net
Yes

Current Use

Farm
Yes

Development Status

Site Plan Approved
Yes

Possible Use

Farm
Yes
Residential
Yes
Other
Yes
Listing Office: Wille Stiener & Brust, Inc.
Last Updated: February - 22 - 2024
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2024 Triangle MLS, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
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