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2303 McLean Avenue, New Albany, IN, 47150

3beds
2baths
1,196sqft
$247,900
$207price/sqft
$1,748/moest. monthly cost
$69,920/yrincome needed

About This Home

This well-built three-bedroom brick ranch, constructed in the early 1960s, was made to stand the test of time. Features such as classic hardwood floors, a Bedford stone fireplace mantel, and a Buck Stove add warmth and character to the home. The great room flows into a breakfast bar that separates the living area from the spacious eat-in kitchen, creating a comfortable and functional layout. One of the large bedrooms recently received new closet doors. Outdoor living is a highlight, with both a large covered read deck and a covered front porch, giving you the choice of relaxing in either front or back outdoor spaces. The full basement offers excellent potential to be finished and already includes a second bathroom that could use updating. To help with that project, the seller is offering a $4000 allowance toward improvements. The property also includes a one-car attached garage and an attached carport. Please note the Buck Stove and fireplace have not been used by the current owner, and the sellers is unsure whether the central vacuum system is in working order. The attic fan, however, is operational.

Getting Around

47
WalkingCar-Dependent
0
TransitVery Limited Transit
45
BikeSomewhat Bikeable

Schools

4/10
Hazelwood Middle SchoolGrades 5-80.4 mi
7/10
7/10

Construction

Condition

  • Year built: 1961

Materials

  • Foundation: Block
  • Roof: Shingle
  • Construction materials: Brick,Frame

Type & Style

  • Home type: SingleFamily
  • Architectural style: One Story
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Oven,Range,Refrigerator
  • Laundry features: In Basement,Other

Basement

  • Has basement: Yes
  • Basement: Full

Bedroom

  • Level: First
  • Dimensions: 11 x 9

Bedroom

  • Level: First
  • Dimensions: 11 x 11

Bedroom

  • Level: First
  • Dimensions: 11 x 13

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Breakfast Bar,Ceiling Fan(s),Eat-in Kitchen,Open Floorplan,Central Vacuum
  • Window features: Thermal Windows
  • Number of fireplaces: 1
  • Fireplace features: Insert,Wood Burning,Wood BurningStove
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 1,196

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,196
  • Total interior livable area: 1,196 sqft

Kitchen

  • Level: First
  • Dimensions: 14 x 15

Living Room

  • Level: First
  • Dimensions: 15 x 18

Property

Details

  • Parcel number: 220502900643000008
  • Zoning: Residential
  • Zoning description: Residential

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Covered,Porch
  • Exterior features: Fence,Porch
  • Fencing: Yard Fenced

Lot

  • Lot size: 6,534 sqft
  • Lot size dimensions: 48 x 140

Parking

  • Total spaces: 2
  • Parking features: Carport,Detached,Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Carport: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Cold Wave
Strong Wind
Tornado
Winter Weather
Inland Flooding
Lightning

FEMA Declared Disasters Across Indiana Counties

Flood
Severe Storm
Snowstorm
Straight Line Winds
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,253$15,036
Home Insurance *$153$1,836
Property Taxes $158$1,896
Electricity $184$2,212
Total$1,748$20,976
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$59,931/yr
40% on housing$52,440/yr
45% on housing$46,613/yr

Indiana FAIR Plan Programs

Indiana Basic Property Insurance Underwriting Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 810Commercial: 30
Total Premiums$1.77M
Total Exposure$1.82M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.1%
9.1%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.7%
1.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$207This listing

vs Other Active Listings

Avg $/sqft

ZIP 47150$106
Floyd County$130

vs Homes Sold Last Month

Median $/sqft

ZIP 47150$152
Floyd County$158

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-14Listed for sale$247,900
2026-04-04Listing removed$249,900
2025-11-05Listed for sale$249,900
2011-11-21Sold$56,000

For Sale by Agent

AgentRussell S Kruer
BrokerageRE/MAX Plus

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