Attention builders and investors! This property offers incredible potential in a highly desirable location. The existing structure holds little value, but the land itself is ready for your vision. Combine with the neighboring lot, that is also available for sale, for an even larger development opportunity. Excellent location, strong growth and endless possibilities. BEING SOLD "AS IS".
One seller is an Indiana licensed real estate broker.
For sale
$820,000
3828 Payne Koehler Road, New Albany, IN 47150
4beds
3,634sqft
Single Family Residence
Built in 1900
4.93 Acres Lot
$749,400 Zestimate®
$226/sqft
$-- HOA
What's special
- 257 days |
- 419 |
- 7 |
Zillow last checked:
Listing updated:
Listed by:
Nanci J Habermel,
Coldwell Banker McMahan
Source: SIRA,MLS#: 2025011765
Originating MLS: Southern Indiana REALTORS Association
Originating MLS: Southern Indiana REALTORS AssociationLoading...
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Rooms
- Room types: Family Room
Primary bedroom
- Level: Second
- Dimensions: 14 x 14
Bedroom
- Level: Second
- Dimensions: 13 x 13
Bedroom
- Level: Second
- Dimensions: 12 x 12
Bedroom
- Level: Second
- Dimensions: 16 x 15
Dining room
- Level: First
- Dimensions: 16 x 14
Family room
- Level: First
- Dimensions: 16 x 14
Other
- Level: First
- Dimensions: 6 x 4
Other
- Level: Second
- Dimensions: 8 x 7
Half bath
- Level: First
- Dimensions: 9 x 8
Kitchen
- Level: First
- Dimensions: 16 x 12
Living room
- Level: First
- Dimensions: 16 x 16
Other
- Level: First
- Dimensions: 20 x 12
Other
- Level: Second
- Dimensions: 6 x 5
Heating
- Forced Air
Cooling
- None
Appliances
- Included: Dishwasher, Disposal
- Laundry: In Basement, Other
Features
- Bookcases, Separate/Formal Dining Room, Entrance Foyer, Eat-in Kitchen, Main Level Primary
- Basement: Partial,Walk-Out Access,Sump Pump
- Number of fireplaces: 1
- Fireplace features: Wood Burning
Interior area
- Total structure area: 3,634
- Total interior livable area: 3,634 sqft
- Finished area above ground: 3,634
- Finished area below ground: 0
Property
Parking
- Details: Off Street
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Porch
- Exterior features: Porch
- Has view: Yes
- View description: Scenic
Lot
- Size: 4.93 Acres
- Features: Secluded, Wooded
Details
- Additional structures: Barn(s)
- Parcel number: 0052610093
- Zoning: Residential
- Zoning description: Residential
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Two Story
- Property subtype: Single Family Residence
Materials
- Brick, Frame
- Foundation: Poured, Cellar
Condition
- Resale
- New construction: No
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Connected, Public
Community & HOA
Location
- Region: New Albany
Financial & listing details
- Price per square foot: $226/sqft
- Tax assessed value: $142,500
- Annual tax amount: $2,358
- Date on market: 10/10/2025
- Cumulative days on market: 258 days
- Listing terms: Cash,Conventional
- Road surface type: Paved
Estimated market value
$749,400
$712,000 - $787,000
$2,638/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/10/2025 | Listed for sale | $820,000+2.5%$226/sqft |
Source:  SIRA #2025011765 Report a problem | ||
| 9/30/2024 | Listing removed | $799,900$220/sqft |
Source: SIRA #202408917 Report a problem | ||
| 6/26/2024 | Listed for sale | $799,900+0.1%$220/sqft |
Source: SIRA #202408917 Report a problem | ||
| 6/8/2024 | Listing removed | -- |
Source: SIRA #202308191 Report a problem | ||
| 6/7/2023 | Listed for sale | $799,000$220/sqft |
Source: SIRA #202308191 Report a problem | ||
| 6/7/2023 | Listing removed | $799,000$220/sqft |
Source: SIRA #2021012927 Report a problem | ||
| 1/5/2023 | Listing removed | -- |
Source: SIRA #2021012927 Report a problem | ||
| 7/27/2021 | Price change | $799,000-8.9%$220/sqft |
Source: SIRA #202109225 Report a problem | ||
| 7/15/2021 | Listed for sale | $877,000+253.6%$241/sqft |
Source: SIRA #202109225 Report a problem | ||
| 5/31/2018 | Sold | $248,000-0.8%$68/sqft |
Source: SIRA #201805557 Report a problem | ||
| 2/8/2018 | Listing removed | $250,000$69/sqft |
Source: RE/MAX FIRST (JEFFERSONVILLE NEW ALBANY) #201805557 Report a problem | ||
| 1/31/2018 | Listed for sale | $250,000-16.4%$69/sqft |
Source: RE/MAX FIRST (JEFFERSONVILLE NEW ALBANY) #201805557 Report a problem | ||
| 2/28/2017 | Listing removed | $299,000$82/sqft |
Source: RE/MAX FIRST (JEFFERSONVILLE NEW ALBANY) #201605690 Report a problem | ||
| 9/20/2016 | Price change | $299,000-3.2%$82/sqft |
Source: RE/MAX FIRST (JEFFERSONVILLE NEW ALBANY) #201605690 Report a problem | ||
| 9/14/2016 | Price change | $309,000-6.4%$85/sqft |
Source: RE/MAX FIRST (JEFFERSONVILLE NEW ALBANY) #201605690 Report a problem | ||
| 8/31/2016 | Listed for sale | $330,000-25%$91/sqft |
Source: RE/MAX FIRST (JEFFERSONVILLE NEW ALBANY) #201605690 Report a problem | ||
| 11/13/2014 | Listing removed | $440,000$121/sqft |
Source: RE/MAX FIRST - IN #201403446 Report a problem | ||
| 7/29/2014 | Listed for sale | $440,000+11.4%$121/sqft |
Source: RE/MAX FIRST - IN #201403446 Report a problem | ||
| 11/24/2012 | Listing removed | $395,000$109/sqft |
Source: Baker Commercial Real Estate #201107803 Report a problem | ||
| 11/23/2011 | Price change | $395,000-26.9%$109/sqft |
Source: Baker Commercial Real Estate #201107803 Report a problem | ||
| 11/28/2010 | Listed for sale | $540,000$149/sqft |
Source: Baker Commercial Real Estate #201008119 Report a problem | ||
| 10/10/2010 | Listing removed | $540,000$149/sqft |
Source: Baker Commercial Real Estate #200906892 Report a problem | ||
| 2/11/2010 | Listed for sale | $540,000$149/sqft |
Source: Baker Commercial Real Estate #200906892 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,319 +1.3% | $142,500 -1.3% |
| 2024 | $2,288 +6.4% | $144,400 +1.1% |
| 2023 | $2,151 -0.3% | $142,800 +3.3% |
| 2022 | $2,158 +2.4% | $138,200 +2.5% |
| 2021 | $2,107 +25.7% | $134,800 |
| 2020 | $1,676 -22.5% | $134,800 +21.7% |
| 2019 | $2,163 -7.5% | $110,800 -54.8% |
| 2018 | $2,339 | $245,100 -0.8% |
| 2017 | $2,339 -31.9% | $247,100 +0.6% |
| 2016 | $3,436 -1.1% | $245,600 -21.3% |
| 2014 | $3,475 +1% | $312,200 -3.2% |
| 2013 | $3,441 -1.8% | $322,600 0% |
| 2012 | $3,503 +18.2% | $322,700 +10.7% |
| 2010 | $2,964 +12.3% | $291,600 |
| 2009 | $2,641 | $291,600 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 47150
Nearby schools
GreatSchools rating
- 7/10Slate Run Elementary SchoolGrades: PK-4Distance: 1.6 mi
- 4/10Hazelwood Middle SchoolGrades: 5-8Distance: 2.7 mi
- 7/10New Albany Senior High SchoolGrades: 9-12Distance: 2.9 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Indiana
- Floyd County
- New Albany
- 47150
- 3828 Payne Koehler Road
Nearby cities
Nearby neighborhoods
Nearby zip codes
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