About This Home

This 4-bedroom, 3-bathroom single family at 3828 Payne Koehler Road in New Albany, IN is listed for $820,000 ($226 per sqft). Built in 1900, the home offers 3,634 sqft of living space on a 4.93 acres lot.

Key Features

  • Built in 1900
  • 4.93 acre lot
  • 2 stories
  • Fireplace

Property Details

2 stories
2 full, 1 half
1900

Amenities

Fireplace
Listing Description

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.

Monthly Cost Estimate

$4,386/mo

20% down · 6.5% · 30 years

Principal$593
Interest$3,553
Insurance$239

Estimates only. Actual payments may vary.

Location

3828 Payne Koehler Road

New Albany, IN 47150

Features & Amenities

Interior Features

1st Floor MainBuilt-in BookcaseEat-in KitchenFamily RoomFormal Dining RmFoyerSump Pump

Exterior Features

Covered Porch

Property Details

Outdoor Features

Porch

Heating

Forced Air

Appliances

DishwasherDisposal

Questions & Answers

This 4-bedroom, 3-bathroom single family at 3828 Payne Koehler Road is listed at $820,000 ($226/sqft). The estimated monthly payment is $4,385 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1900, 4.93 acre lot, 2 stories, Fireplace. Interior Features: 1st Floor Main, Built-in Bookcase, Eat-in Kitchen. Exterior Features: Covered Porch.

This property is listed by Nanci J Hoolihan.

NH

Nanci J Hoolihan

Agent at Coldwell Banker McMahan

Listed by Coldwell Banker McMahan · Broker phone: (812) 949-0202 · View on Broker Site · Broker website

MLS# 2025011765· Source: Southern Indiana REALTORS Association· 388 days on PropertySimple

Copyright © 2026 Southern Indiana REALTORS Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

3828 Payne Koehler Road, New Albany, IN 47150

Open this listing in: