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
Est.:
Single Family Residence
Built in 1900
4.93 Acres Lot
$763,700 Zestimate®
$226/sqft
$-- HOA
What's special
- 82 days |
- 433 |
- 10 |
Zillow last checked: 8 hours ago
Listing updated: October 10, 2025 at 01:10pm
Listed by:
Nanci J Habermel,
Coldwell Banker McMahan
Source: SIRA,MLS#: 2025011765
Originating MLS: Southern Indiana REALTORS Association
Originating MLS: Southern Indiana REALTORS AssociationTour with a local agent
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: $144,400
- Annual tax amount: $2,358
- Date on market: 10/10/2025
- Listing terms: Cash,Conventional
- Road surface type: Paved
Estimated market value
$763,700
$726,000 - $802,000
$2,768/mo
Price history
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 | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 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% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$4,941/mo
Principal & interest
$4210
Property taxes
$444
Home insurance
$287
Climate risks
Neighborhood: 47150
Nearby schools
GreatSchools rating
- 7/10Slate Run Elementary SchoolGrades: PK-4Distance: 1.6 mi
- 3/10Hazelwood Middle SchoolGrades: 5-8Distance: 2.7 mi
- 7/10New Albany Senior High SchoolGrades: 9-12Distance: 2.9 mi
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