530-536 W MORELAND AVE PHILADELPHIA, PA 19118

530-536 W MORELAND AVE PHILADELPHIA, PA 19118

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Property Type

Residential

MLS#

7159482

Bedrooms

3

Bathrooms

3/0

Square Feet

2149

Lot Size

44867 sq ft

Year Built

1952

List Price

$1,100,000

Two adjacent, buildable parcels (530 and 536 West Moreland Ave) combine to form a single deeded, 1.03 acre building lot. Located on one of the most sought-after locations in Chestnut Hill, the quiet, tree-lined residential street is situated in the premier St. Martin's neighborhood and surrounded by historic estates and manicured gardens. This property represents a multi-faceted opportunity for the astute and opportunistic buyer considering 1) building one large home across the combined lots; or 2) subdividing the two lots (.66 and .37 acres) more evenly to build two homes (perhaps developing both or keeping one and selling/gifting the other). The existing 2149 square foot "boomerang ranch" home has three bedrooms, three baths and is suitable for living while saving/planning for a bigger project. Design plans developed by local, award-winning architect Joel Levinson conceptualize the expansion of the existing home to three times its current size (included). The property includes a garden shed, a charming 1925 cottage (~450 square feet) featuring a fireplace, and a detached 1.5 car garage. The existing house has a flexible layout; if kept, alternative options for the family room include four bedrooms, or a formal dining room, or a home office suite, or an in-law/ au pair suite. Other features include: 2-zone central air conditioning, full-property invisible fence, alarm, large flagstone patio overlooking back yard, play set, and trampoline. The property receives lots of sun to support gardening and perimeter mature trees. Close to schools, train, Valley Green/Fairmount Park, country club, and ice skating rink. Zoning is RSD1 ( single home with minimum lot width: 75'; minimum lot area: 10,000'; minimum open area: 65%; minimum front setback:35'; minimum side yard width: 15'; minimum rear yard depth: 30'; maximum height: 38')

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