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.
Property Details
Property Features
Listing Office:
Office Name: Brickmatics
Office Phone: (610) 764-5315
Listing Agent: Jay Kamin
Lot Features
Lot Information:
Lot Size: 3.38 Acres
School Info
Assigned Schools Information:
George Washington High School, Public District Grades 9-12
Joseph J. Greenberg Elementary School, Public District Grades KG-8
Other
Directions Information:
Directions: Pine Rd and Shady Lane
Municipality:
Philadelphia
Price Information
Listing Price Info
Price Summary:
List Price: $1,025,000
Tax Information:
Annual Amount: $4,213
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Philadelphia, PA.
This property is $767.3K more than the Median Sold Price in Philadelphia, PA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: BRIGHT
MLS Number: #PAPH2300998
Listing Office:
Office Name: Brickmatics
Office Phone: (610) 764-5315
Listing Agent: Jay Kamin
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
9
/10
Joseph J. Greenberg Elementary School
600 Sharon Ln
Distance between this listing and this school1.12 miles
Public District Grades KG-8
High School
4
/10
George Washington High School
10175 Bustleton Ave
Distance between this listing and this school2.92 miles
Public District Grades 9-12
Assigned Schools
9
/10
Joseph J. Greenberg Elementary School
600 Sharon Ln
Distance between this listing and this school1.12 miles
Public District Grades KG-8
Nearby Schools
5
/10
Fox Chase Academics Plus
500 Rhawn St
Distance between this listing and this school0.84 miles
Public District Grades KG-5
8
/10
Rydal East School
1160 Huntingdon Pike
Distance between this listing and this school1.10 miles
Public District Grades KG-6
Nearby Schools
8
/10
CCA Baldi Middle School
8801 Verree Rd
Distance between this listing and this school1.24 miles
Public District Grades 6-8
5
/10
Elkins Park School
8149 New Second St
Distance between this listing and this school2.38 miles
Public District Grades 5-6
5
/10
Woodrow Wilson Middle School
1800 Cottman Ave
Distance between this listing and this school2.43 miles
Public District Grades 6-8
Assigned Schools
4
/10
George Washington High School
10175 Bustleton Ave
Distance between this listing and this school2.92 miles
Public District Grades 9-12
Nearby Schools
4
/10
Tacony Academy Charter School
1300 Rhawn St
Distance between this listing and this school1.33 miles
Public Charter Grades KG-12
5
/10
Northeast High School
1601 Cottman Ave
Distance between this listing and this school2.20 miles
The neighbors living near this home have an average income of $54,878. The majority of Philadelphia, PA residents have income between $35k-100k annually. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Living In Bustleton, Philadelphia
What are the common housing types in Bustleton, Philadelphia?
Single detached homes are the most common housing type, representing roughly 30% of dwellings in Bustleton, whereas the remainder are mainly large apartment buildings and townhouses. This neighborhood also has a good variety of housing sizes - it is quite easy to find houses ranging from lofts to four or more bedrooms. Homeowners occupy about two thirds of the units in Bustleton and the remainder are rented. Around half of homes in this part of the city were built in the 1960s and 1970s, while many of the remaining buildings were constructed pre-1960 and in the 1980s.
What are the advantages of living in Bustleton, Philadelphia?
There are a lot of green spaces to enjoy in Bustleton, as well as some areas with a vibrant ambience. There are a few parks close by for residents to enjoy, including Swenson Park and Fairmount Drainage Right of Way, which makes them very easy to access. This neighborhood is relatively quiet, due to the presence of few people out and about on the streets, although those who are around one of the railway lines or the airport (Northeast Philadelphia Airport) may experience more noise.
Are essential services in Bustleton, Philadelphia convenient?
Residents will value that no matter where their property is situated in this neighborhood, primary schools are close by. However, high schools are not particularly abundant and consequently not always within walking distance. Locals have the choice between public and private elementary schools. With respect to eating, the closest supermarket in this area is usually only a rather short walk away. Moreover, a restaurant is commonly just around the corner, and a small variety of coffee shops is available as well.
How do Bustleton, Philadelphia residents get around?
This neighborhood will appeal to active people because it is well-suited for those who travel by foot; carrying out daily needs is convenient. The public transit system in Bustleton is rather poor. Nevertheless, the neighborhood is served by a few bus lines, and bus stops are generally nearby. However, cars are a reasonably good medium of transportation in this part of Philadelphia. Finding a place to park is easy.
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Frequently Asked Questions About 8450 Pine Rd
What is the listing price of this property?
The listing price of 8450 Pine Rd property is $1,025,000.
What type of property is this?
The property 8450 Pine Rd is land located in Philadelphia, Pennsylvania, 19111.
Is this property for sale now?
Active Listing: 8450 Pine Rd is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 8450 Pine Rd are: Joseph J. Greenberg Elementary School: GreatSchools Rating 9/10George Washington High School: GreatSchools Rating 4/10
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $4,213 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on December 22, 2009 for $400,000. (source: MLS/tax record).
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This home is located at 8450 Pine Rd in Philadelphia, PA and zip code 19111 in the Bustleton neighborhood. This home sits on a 3.38 acre lot. It has been listed on Rocket Homes since November 29, 2023 and is currently priced at $1,025,000.
In March 2024, from all listings sold in Philadelphia, PA there were more than 228 sold above asking price, over 481 sold below and more than 214 were sold right at the asked price. The inventory of homes for sale in Philadelphia, PA between February 2024 and March 2024 increased by 4.6%. The median list price of listings available in March 2024 was $257,610, while the average time on the real estate market was 54 days.
From Rocket Homes Real Estate and based on county public records data.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. 
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