PRICE IMPROVED! OPEN HOUSE SUNDAY, FEBRUARY 22 | 1?3 PM.
Seller is motivated and ready to make a move! Welcome to this charming 3-bedroom, 1-bath home situated on just over 2 acres and complete with a barn ? perfect for storage, hobbies, animals, or future projects. Major updates offer peace of mind, including a new roof (August 2025), HVAC installed approximately 2 years ago, and an updated 200-amp electrical panel. Inside, you'll find fresh paint, a new toilet, and a functional, inviting layout. Enjoy the ideal blend of country living with convenient access to town, plus plenty of space to spread out both indoors and outdoors. Properties with acreage and a barn at this price point are hard to find ? schedule your showing today!
For sale
Price cut: $5K (2/19)
$279,900
4126 Payne Koehler Road, New Albany, IN 47150
3beds
1,638sqft
Est.:
Single Family Residence
Built in 1960
2.15 Acres Lot
$274,600 Zestimate®
$171/sqft
$-- HOA
What's special
Functional inviting layoutFresh paintNew toilet
- 71 days |
- 1,248 |
- 51 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: February 22, 2026 at 11:32am
Listed by:
Candice Ritchie,
Green Tree Real Estate Services,
Lisa Donohue,
Green Tree Real Estate Services
Source: SIRA,MLS#: 202605137
Originating MLS: Southern Indiana REALTORS Association
Originating MLS: Southern Indiana REALTORS AssociationTour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Bedroom
- Description: Flooring: Wood
- Level: First
Bedroom
- Description: Flooring: Wood
- Level: First
Bedroom
- Description: Flooring: Wood
- Level: First
Other
- Description: Flooring: Tile
- Level: First
Kitchen
- Description: Flooring: Tile
- Level: First
Living room
- Description: Flooring: Wood
- Level: First
Other
- Description: Bonus room,Flooring: Other
- Level: Lower
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Disposal, Oven, Range, Refrigerator
- Laundry: In Basement, Other
Features
- Ceiling Fan(s), Eat-in Kitchen
- Basement: Daylight,Exterior Entry,Full
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 1,638
- Total interior livable area: 1,638 sqft
- Finished area above ground: 1,092
- Finished area below ground: 546
Property
Parking
- Total spaces: 2
- Parking features: Attached, Garage
- Attached garage spaces: 2
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck
- Exterior features: Deck, Fence
- Fencing: Yard Fenced
Lot
- Size: 2.15 Acres
- Features: Adjacent To Public Land
Details
- Additional structures: Barn(s)
- Additional parcels included: 0052620038
- Parcel number: 220506400039
- Zoning: Residential
- Zoning description: Residential
Construction
Type & style
- Home type: SingleFamily
- Architectural style: One Story
- Property subtype: Single Family Residence
Materials
- Brick
- Foundation: Poured
Condition
- Resale
- New construction: No
- Year built: 1960
Utilities & green energy
- Sewer: Public Sewer
- Water: Connected, Public
Community & HOA
Location
- Region: New Albany
Financial & listing details
- Price per square foot: $171/sqft
- Tax assessed value: $180,400
- Annual tax amount: $1,295
- Date on market: 1/7/2026
- Cumulative days on market: 72 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Road surface type: Paved
Estimated market value
$274,600
$261,000 - $288,000
$1,458/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/19/2026 | Price change | $279,900-1.8%$171/sqft |
Source:  SIRA #202605137 Report a problem | ||
| 2/11/2026 | Price change | $284,900-3.4%$174/sqft |
Source: SIRA #202605137 Report a problem | ||
| 1/20/2026 | Price change | $294,900-1.7%$180/sqft |
Source: SIRA #202605137 Report a problem | ||
| 1/7/2026 | Listed for sale | $299,900+50%$183/sqft |
Source: SIRA #202605137 Report a problem | ||
| 4/30/2021 | Sold | $200,000-11.1%$122/sqft |
Source: SIRA #202106119 Report a problem | ||
| 3/3/2021 | Listed for sale | $224,900$137/sqft |
Source: Lincoln Crum Realty #202106119 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,147 +2.6% | $180,400 +6.5% |
| 2023 | $1,118 +8.8% | $169,400 +7.4% |
| 2022 | $1,027 +103.4% | $157,800 +11% |
| 2021 | $505 +0.1% | $142,200 -1.9% |
| 2020 | $504 -26% | $145,000 +1.5% |
| 2019 | $682 -6.4% | $142,800 +3.4% |
| 2018 | $729 | $138,100 +0.2% |
| 2017 | $729 +8.5% | $137,800 +2.1% |
| 2016 | $672 -5.5% | $135,000 +11.3% |
| 2014 | $711 +1.9% | $121,300 -1.5% |
| 2013 | $698 +5.8% | $123,200 -0.2% |
| 2012 | $660 +13.2% | $123,400 +2.2% |
| 2011 | $583 -6.7% | $120,800 |
| 2010 | $625 +16.5% | $120,800 +1.3% |
| 2009 | $536 -6.5% | $119,300 +4% |
| 2007 | $573 | $114,700 -2.8% |
| 2006 | -- | $118,000 +44.6% |
| 2005 | -- | $81,600 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$1,503/mo
Principal & interest
$1351
Property taxes
$152
More affordability tools
Climate risks
Neighborhood: 47150
Nearby schools
GreatSchools rating
- 7/10Grant Line SchoolGrades: PK-4Distance: 1.7 mi
- 5/10Nathaniel Scribner Middle SchoolGrades: 5-8Distance: 4.9 mi
- 7/10New Albany Senior High SchoolGrades: 9-12Distance: 3.5 mi
Local experts in 47150
- Indiana
- Floyd County
- New Albany
- 47150
- 4126 Payne Koehler Road
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