Single-Family Home with
3961 Reflection Place Valparaiso, IN 46385
3961 Reflection Place, Valparaiso, IN, 46385
$342,802
For Sale
$342,802
SINGLE_FAMILY - Valparaiso, IN
Property Size1,633 SF
Lot Size0.15 Acres
Price / SF$209.92
Days on Market10
Property Features for 3961 Reflection Place
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Property condition
- Under Construction
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 2, Bathroom 2, Great Room, Bedroom 1
- Parking features
- Garage, Open, Driveway
- Window features
- Aluminum Frames
- Patio and Porch features
- Patio
- Interior features
- Entrance Foyer, Walk-In Closet(s), Stone Counters, Recessed Lighting, Pantry, Open Floorplan, Kitchen Island
- Exterior features
- Rain Gutters
- Appliances
- Disposal, Stainless Steel Appliance(s), Refrigerator, Range, Microwave, Gas Water Heater, Gas Range, Dishwasher
- Standard status
- Active
- Size
- 1,633 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- Lots 23A and 23B in Westwind -Phase 2, recorded as document number 2024-019653, in the office of the Recorder of Porter County, IN.
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Water source
- Public
Building Details
- Year built
- 2026
- Floors in Building
- 1
Listing Agency
Weichert Realtors - Shoreline
(219) 864-8440
840 E Lincolnway, Schererville, IN
Listed by
David Schara
(219) 671-4669
Added: Jul 9 Checked: Jul 18 at 3:06 am
MLS# 841994
Listing URL
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.
Investment Insights
Based on property information with market context.
This ready-now single-family home includes a sunroom off the breakfast area, plus a separate flex room for versatile use. The kitchen features 42" cabinets, an island, and pantry, along with an oak cabinet finish, backsplash, quartz countertops, and stainless-steel appliances. Flooring is LVP through the main living area and ceramic tile in the baths. The primary suite offers a walk-in closet and a walk-in shower with a seat, while the primary bath includes a 60" vanity. Additional highlights include a hall bath near the second bedroom, a laundry room with a laundry tub, attic access with a pull-down ladder, and low-maintenance landscaping with irrigation. A 2-car garage and an 11' x 10' patio complete the outdoor space.
Located at 3961 Reflection Place in Valparaiso, Indiana (Porter County), the home is described as offering pond views.
Located at 3961 Reflection Place in Valparaiso, Indiana (Porter County), the home is described as offering pond views.
Key Highlights
- Under construction home with 2026 build year and ready‑now status
- Open floorplan with recessed lighting, kitchen island, stone counters, and pantry
- Kitchen includes 42" cabinets, oak cabinetry in Fallow, quartz countertop, and stainless steel appliances (including gas range)
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.5k | $13.80 |
| − Vacancy | −$1.3k | −$0.79 |
| EGI | $21.3k | $13.01 |
| − OpEx | −$6.4k | −$3.90 |
| NOI | $14.9k | $9.11 |
1,633 SF · lease $13.80/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$212.5K
$186.0K – $247.9K
NOI $14,876 @ 7.0% cap · market cap 4.34%
Second Best
Apartment 5plus
$185.3K
$162.1K – $216.1K
NOI $12,968 @ 7.0% cap · market cap 3.78%
Theoretical Best
Healthcare Medical
$618.9K
$541.6K – $722.1K
NOI $43,324 @ 7.0% cap · market cap 12.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-appointed single-family home with a sunroom, 2-car garage, and LVP flooring through the main living areas.
Where is this duplex located?
The property is located at 3961 Reflection Place Valparaiso, IN.
What is the asking price?
The asking price for this property is $342,802.
What are key features of this property?
This property features: Under construction home with 2026 build year and ready‑now status; Open floorplan with recessed lighting, kitchen island, stone counters, and pantry; Kitchen includes 42" cabinets, oak cabinetry in Fallow, quartz countertop, and stainless steel appliances (including gas range)
