Check Availability
$1,050,000
↓ $50K (4.5%)
Land - For Sale

8450 PINE RD

PHILADELPHIA, PA 19111
bedrooms
Studio
bathrooms
0 Bath
$5,156
Estimated Monthly

About This Property

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.
Unit Size
-
Days on Market
120 days
Land Size
3.38 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1959
Listed By
Last updated: 2 months ago (Bright MLS #PAPH2300998)

Price History

Date / Event Date Event Price
Feb 26, 2024 Price Decreased $1,050,000
↓ $50K (4.6%)
Price Decreased
Jan 23, 2024 Price Decreased $1,100,000
↓ $100K (8.3%)
Price Decreased
Nov 29, 2023 Listed by Brickmatics $1,200,000
Listed by Brickmatics
Jan 28, 2022 No longer available -
No longer available
Dec 1, 2021 Relisted -
Relisted
Show More

Property Highlights

Exterior Details

Property Information

Ownership Interest: Fee Simple

Lot Information

Tidal Water: N
Lot Size Dimensions: 509.00 x 328.00
Lot Size Source: Assessor

Land Information

Land Assessed Value: $500,200
Financial Details
County Tax: $0
County Tax Payment Frequency: Annually
City Town Tax: $3,159
City Town Tax Payment Frequency: Annually
Tax Assessed Value: $500,200
Tax Year: 2022
Tax Annual Amount: $7,001
Year Assessed: 2023

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: Average
  • Building Quality: C+
  • Construction Type: Stone
  • Exterior Walls Type: Rock and stone
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 147,306
  • Lot Size Depth Feet: 3,280
  • Lot Size Frontage Feet: 5,090
  • Total Building Area: 3,200
  • Gross Building Area: 3,200
  • Building Area: 3,200
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 3,200
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 3.382
  • Standard Land Use Code: Single family residential
  • State Land Use Code: Single family residential
  • Legal Description 1: SWC SHADY LA

Ownership

  • Current Owner : 8450 PINE RD LLC
  • Previous Owner : LANZA VINCENT P
  • Owner Before Previous Owner: RANDOLPH JOAN
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Philadelphia City School District
  • School Tax School District: PHILADELPHIA SD
  • Census Tract: 034200

Zoning

  • Zoning: RSD1

Geography

  • Assessors Map Reference: 154N020038
  • Account Number: 193210
  • District: WARD #63
  • Parcel: 63-2193210
  • Block: 154N2
  • Lot: 38
  • Municipality: PHILADELPHIA
  • Latitude: 40.0872
  • Longitude: -75.0753

    Address

  • Full Address: 8450 Pine Rd
  • Address - House Number: 8450
  • Address - Street Name: Pine
  • Address - Suffix Type: Rd
  • State: PA
  • City Name: Philadelphia
  • Carrier Code: C057
  • 4-Digit Zip Code: 1387
  • Zip Code: 19111

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $7,002
  • Tax Rate Code Area: 63

    Appraisal Valuation

  • Standard Deviation: 0.2331
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 67
  • Final Value: 737,195
  • High Value: 909,061
  • Low Value: 565,330

    Market Valuation

  • Market Total Value: $500,200
  • Market Land Value: $100,040
  • Market Improvement Value: $400,160

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $500,200
  • Assessed Land Value: $100,040
  • Assessed Improvements Value: $400,160

    Sales

  • Current Sale Contract Date: Mar 03, 2022
  • Current Sale Recording Date: Mar 22, 2022
  • Current Sale Transaction ID: 11885667506
  • Current Sale Price: $900,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 54004803
  • Previous Sale Recording Date: Dec 22, 2009
  • Previous Sale Contract Date: Nov 20, 2009
  • Previous Sale Amount: $400,000
  • Previous Sale Document Type: Deed

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF AMERICA NA
  • Previous Mortgage Transaction Date: Dec 22, 2009
  • Previous Mortgage Loan Amount: $200,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Dec 01, 2039

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
4 Baths
4,163 ft²
$249/ft²
$1,035,000 Nov 10, 2019
$1,035,000 Jun 5, 2020
-
House
5 Beds
6 Baths
7,878 ft²
$121/ft²
$950,000 Oct 14, 2021
$950,000 Nov 23, 2021
-
House
7 Beds
7 Baths
5,987 ft²
$200/ft²
$1,199,000 Nov 16, 2023
-
-

About Northeast Philadelphia


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Frequently Asked Questions

When was property at 8450 Pine Road built and last sold?
The property at 8450 Pine Road was built in 1959 and last sold on Mar 3, 2022 for $900,000.
How much is this home worth?
The estimated value of the home located at 8450 Pine Road is $1,060,500.
What are some comparable homes to 8450 Pine Road?
Homes that are comparable to 8450 Pine Road include a house property at 8101 Verree Road, 1041 Mill Road Circle, 202 Moredon Road.

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