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Single Family ResidenceResidential
$236,438$151 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 91How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Sep 24, 2026

4001 MELVYN DR

NEW ALBANY, IN 47150
3
Beds
1.5
Baths
1,566 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
0.23 ac
Lot SizeThe size of the land the home sits on, from county records.
1960
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
5
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.

Valuation

$236K
$215K low$258K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$2,640 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$125,200 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$15,000
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$110,200
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$109,200
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$125,200

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
CountyFLOYD
Lot (acres)The size of the land the home sits on, from county records.0.23
ConstructionThe main material the home's frame and walls are built from.Masonry/Concrete Masonry Units (Cmus)
RoofThe main material covering the roof, such as asphalt shingle or tile.Asphalt
HeatingThe type of heating system in the home.Heat Pump
CoolingThe type of cooling or air conditioning in the home.Central
FireplaceWhether the home has a fireplace, and what kind.Yes
PoolWhether the property has a pool, and what kind, such as in-ground.No
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Shed · 96 ft²

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Mount Tabor Elementary SchoolB+
Elementary · Grades PK–4 · 0.8 mi
M
Hazelwood Middle SchoolD+
Middle · Grades 5–8 · 2.8 mi
H
New Albany Senior High School
High · Grades 9–12 · 3.0 mi

District: New Albany-Floyd County Consolidated Schools

Neighborhood · ZIP 47150These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.123
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.101
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.45

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.93%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.17%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.13%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.1%
PopulationHow many people live in this area.50,253
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.1,144 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$68,187
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$79,895
Average tempThe average temperature here across a full year.56°F
Annual precipHow much rain and melted snow falls here in a typical year.46 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.59%

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

4001 Melvyn Dr measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Costs less per square foot than 72% of homes in Floyd County
  • Bigger than 67% of homes in New Albany
  • Has a bigger lot than 66% of homes in New Albany
  • Older than 66% of homes in Floyd County

What homes are worth in New Albany 47150

Each bar is how many homes fall in that price range. The marker is this home.

This home
$84K$522K

This home is worth more than 52% of homes in New Albany 47150.

How it measures up in New Albany 47150

The dot is this home. The mark in the middle is the typical home in New Albany 47150.

Estimated value$236,438
CheaperTypical $231,293Pricier

Pricier than 52% of homes nearby

Price per ft²$151
CheaperTypical $163Pricier

Pricier than 39% of homes nearby

Living area1,566 ft²
SmallerTypical 1,402 ft²Bigger

Bigger than 60% of homes nearby

Lot size0.23 ac
SmallerTypical 0.21 acBigger

Bigger than 56% of homes nearby

Year built1960
OlderTypical 1961Newer

Newer than 49% of homes nearby

How 4001 Melvyn Dr ranks against every home in each area.
MeasureThis homeNew AlbanyNew Albany 47150Floyd County
Estimated valuepricier than$236,43864% of homes52% of homes36% of homes
Price per ft²pricier than$15146% of homes39% of homes28% of homes
Living areabigger than1,566 ft²67% of homes60% of homes51% of homes
Lot sizebigger than0.23 ac66% of homes56% of homes35% of homes
Year builtnewer than196062% of homes49% of homes34% of homes

About 4001 Melvyn Dr

How much is 4001 Melvyn Dr, New Albany, IN worth?

The TopHap Estimate for 4001 Melvyn Dr, New Albany, IN is $236,438 as of Sep 24, 2026. The likely range is $214,683 to $258,193. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 4001 Melvyn Dr, New Albany, IN last sell?

4001 Melvyn Dr, New Albany, IN last sold on Jan 1, 1900, according to the county's recorded deed.

How big is 4001 Melvyn Dr, New Albany, IN?

4001 Melvyn Dr, New Albany, IN has 3 bedrooms, 1.5 bathrooms, 1,566 square feet of living space and a 0.23-acre lot.

When was 4001 Melvyn Dr, New Albany, IN built?

4001 Melvyn Dr, New Albany, IN was built in 1960, making it 66 years old. The building has 1 story.

What schools serve 4001 Melvyn Dr, New Albany, IN?

4001 Melvyn Dr, New Albany, IN is assigned to Mount Tabor Elementary School (elementary), rated B+; Hazelwood Middle School (middle), rated D+; New Albany Senior High School (high). All sit in New Albany-Floyd County Consolidated Schools. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 4001 Melvyn Dr, New Albany, IN compare to other homes in New Albany 47150?

Among the 17,099 homes in New Albany 47150, it is worth more than 52% of them ($236,438 against a typical $231,293), its price per square foot is higher than 39% of them ($151 against a typical $163), it is bigger than 60% of them (1,566 ft² against a typical 1,402 ft²), its lot is bigger than 56% of them (0.23 ac against a typical 0.21 ac) and it is newer than 49% of them (1960 against a typical 1961). Measured against all of Floyd County, it is worth more than 36% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 4001 Melvyn Dr, New Albany, IN?

The 2025 property tax bill for 4001 Melvyn Dr, New Albany, IN was $2,640. The county assessed it at $125,200.

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