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8450 Pine Road, Philadelphia, PA 19111
$1,025,000
8450 Pine Road, Philadelphia, PA 19111View this property at 8450 Pine Road, Philadelphia, PA 19111
8450 Pine RoadPhiladelphiaPA19111
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Property Description
For Sale: Prime 3+ Acre Property with RSD-1 Zoning Please note : No Zoning information herein should be taken as fact, and any potential buyer is encouraged to seek counsel from a qualified zoning attorney as to the legal permissibility of any and all construction activities on or to the subject improvements and lot. This expansive property offers an exceptional opportunity for developers or investors seeking a lucrative venture. Boasting RSD-1 Zoning, the parcel permits the construction of 10 single-family detached homes with street frontage without the need for variances, though the buyer should seek counsel from a qualified zoning attorney confirm the legal permissibility any development activity. Per the seller's interpretation of the code (see attached document from licensed architect) the land is ready for immediate subdivision and development, allowing builders to commence construction without hurdles. Additionally, the property features a currently rented single-family home with detached 3 car garage as well as a separate workshop generating $2500/month on a month to month lease. This existing structure can either continue generating income for the new owner or can be delivered vacant. Ideal for those looking to capitalize on residential development in a sought-after area, this property presents a blend of immediate income potential and significant future development possibilities.
Full Property Details
Full Property Details for 8450 Pine Rd
General
- Price: $1,025,000
- Taxes: $7,001 (2022)
- Status: Active
- Type: Lots/Land
- MLS ID: PAPH2300998
- Updated: 4/12/2024
- Added to Site: 152 day(s) ago
Location
- Area: 19111 (19111)
- Municipality: PHILADELPHIA
- County: Philadelphia
- Driving Directions: Pine Rd and Shady Lane
School Information
- School District: The School District Of Philadelphia
Utilities
- Sewer: On Site Septic
- Water: Well
Structural Information
- Stories/Levels: 0
- Current Bldg. Use: Residential, Land/Lot Only
Lot Features
- Lot Size (Acres): 3.38
- Lot Size (Sq. Ft.): 147,306
- Lot Size Source: Assessor
- Lot Dimensions: 509.00 x 328.00
- Zoning: RSD1
Financial Considerations
- Price Per Sq. Ft.: $6.96
- Assessment Year: 2023
- School Tax: $3,842
- City/TownTax: $3,159
- City/TownTax Freq: Annually
- County Tax Freq: Annually
- Tax w/Assessment: $500,200
- Tax Amount: $7,001
- Tax Year: 2022
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Ownership: Fee Simple
- Lot Number: 38
Listed by Brickmatics, Jay Kamin
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Schools
Schools serving 8450 Pine Rd
School District:The School District Of Philadelphia
Rating | Name | Grades | Distance |
---|---|---|---|
600 Sharon Ln, Philadelphia, PA 19115 | K-8 | 1.1 mi | |
10175 Bustleton Ave, Philadelphia, PA 19116 | 9-12 | 2.9 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 8450 Pine Rd
Date
Details
Price
Change
Source
4/12/2024
Price Reduced
$1,025,000
-2.38%
MLS
2/25/2024
Price Reduced
$1,050,000
-4.55%
MLS
1/23/2024
Price Reduced
$1,100,000
-8.33%
MLS
1/11/2024
Price Reduced
$1,200,000
-7.69%
MLS
11/29/2023
Listed
$1,300,000
44.44%
MLS
3/03/2022
Sold
$900,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 8450 Pine Rd
Year
Property Taxes
Change
Tax Assessment
Change
2023
$7,002
66%
$500,200
100%
2021
$4,213
-40%
-100%
2023
$7,002
45%
$455,200
32%
2020
$4,843
3%
$346,000
3%
2019
$4,689
-8%
$335,000
-8%
2018
$5,077
—
$362,700
—
2017
$5,077
9%
$362,700
—
2016
$4,657
-4%
$362,700
—
2015
$4,860
—
$362,700
—
2014
$4,860
-18%
$362,700
500%
2013
$5,910
—
$60,480
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 8450 Pine Rd
8450 Pine Road, Philadelphia, PA 19111 (MLS# PAPH2300998) is a Lots/Land property with a lot size of 3.38 acres. 8450 Pine Road is currently listed for $1,025,000 and was received on November 29, 2023. Want to learn more about 8450 Pine Road? Do you have questions about finding other Lots/Land real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.