The Block Report

Philadelphia property report

3500 block of N Water St

A mostly owner-occupied block: 67% of homes are lived in by their owners, with 14 open code violations and 5 parcels listed in the June 2022 tax-delinquency snapshot ($7,734 recorded then).

The typical home here is up 118% since 2016, now about $91K. Property taxes are climbing about 7% a year and the increases are speeding up.

Every parcel on the block, colored by who owns it. Tap a parcel for the owner and its city record.
The readRecord analysis · from the figures below

BlockReport is reading this block's city record right now. Its take lands here in about a minute...

By the Numbers

Median home value
$91K
49 homes of 53 parcels
ZIP median $117K
Price / sq ft
$84
typical home
city median $181
Vs. Philadelphia
0.4×
the city median
city $230K
Recent sale
$15K
1 sold in 2yr
assessed $91K
Tax / yr
$995
typical · up to $2K
city ≈$3K/yr
Major assessment exemptions
22 of 49
$29K/yr estimated reduction
Owner-occupied
67%
33 of 49
city 48%
Rentals
8%
4 licensed
city 15% of homes
Open violations
14
L&I code
▼ block 4% · city 5%
Tax delinquency · Jun 2022
$8K
5 of 53 listed
▲ block 9% · city 9%

How fast it's moving

1 year
+17%
value · tax +$190
5 years
+139%
value · tax +$774
10 years
+118%
value · tax +$588

Assessed-value change for the typical home. Philadelphia taxes a flat 1.3998% of value, so the bill moves with it.

The makeup of the block

Every home, plotted by size and assessed value — press play and watch the block reprice from 2016 to 2027. One bubble per house (area = lot size), colored by who owns it; a gold ring marks a material assessment exemption whose legal basis is not established by the roll. Click a bubble for its report.

2027
  • Owner-occupied
  • Investor / LLC
  • Absentee
  • Vacant
  • Assessment exemption
  • Bubble = lot size
  • → bigger interior  ·  ↑ higher value

Assessed values from the city's year-by-year assessment record — a proxy for price, lumpy in reassessment years.

How the block compares

The typical home here is $91K — about 0.4× the citywide median home, and below the ZIP 19134 median of $117K. The same block, read against everyone else in the ZIP 19134 and across Philadelphia.

This blockZIP 19134Philadelphia
Median home value$91K$117K$230K
Owner-occupied45%36%48%

Safety & quality of life

Within 200 metres of the block over the last 12 months: 134 reported crimes (about 11 a month, 20% of them violent) and 169 resident 311 requests to the city. A busy commercial corridor logs far more than a quiet residential block, so read this against nearby blocks, not the citywide total.

Crimes · 12mo
134
about 11/month · 20% violent
311 requests · 12mo
169
about 14/month · 52 open

Most reported crimes

All Other Offenses62
Other Assaults16
Thefts13
Vandalism/Criminal Mischief9
Fraud7
Burglary Residential6

Top 311 complaints

Maintenance Complaint31
Street Defect27
Rubbish/Recyclable Material Collection21
Illegal Dumping15
Abandoned Vehicle10
Other (Streets)10

Philadelphia Police incident reports and 311 service requests within 200m, trailing 12 months. Reported location, not necessarily where an incident occurred.

Schools

The public schools this block is zoned for — its official School District of Philadelphia catchments.

Elementary · K-5
William Cramp
3449 N Mascher St · 317 students
Middle · 5-8
Stetson
3200 B St · 511 students
High · 9-12
Thomas A Edison
151 W Luzerne St · 1022 students

Catchment assignments from the School District of Philadelphia via City of Philadelphia open data. Confirm with the District before enrollment decisions.

What it's worth, and where taxes are going

Median assessed value · 2016–2027

$0$50K$100K$91K2016: $42K2017: $42K2018: $42K2019: $50K2020: $38K2021: $38K2022: $38K2023: $66K2024: $66K2025: $77K2026: $77K2027: $91K2016202020232027

▲ +118% since 2016

Estimated property tax · per home, per year

$0$1,000$2,000$1,1702016: $5822017: $5822018: $5822019: $5182020: $3962021: $3962022: $3962023: $5592024: $8622025: $9802026: $9802027: $1,1702016202020232027

▲ +101% since 2016 · ~+7%/yr

22
22 properties on this block show a material assessment exemption. At the current rate, the difference between full and taxable assessments reduces the block's annual estimate by about $29,233. OPA's numeric split does not establish whether any row is Homestead, an abatement, another program, or when treatment changes.

Who really pays

Philadelphia's 1.3998% rate applies to the taxable assessment. The OPA roll shows exemptions that can make an estimate lower than the full assessed-value scenario; this chart does not identify their legal basis.

28 homes pay the full 1.40%22 pay less
$318pays now $1,718at the full rate

One large gap: 3500 N Water St has a $318/year assessment-based estimate on $123K assessed value — about 19% of the $1,718 full-assessment scenario. Verify the exemption basis and live account before relying on either number.

The block as an asset

Read like a financial asset, this block has beaten the Philadelphia market, compounding +7.3% a year against the city's 6.5%.

Indexed performance · this block vs. the Philadelphia market

9110025020162019202220252027This block 218 Philadelphia 201

Rebased to 100 in 2016, like a stock against its index. $100 in the typical home here would be worth $218 today versus $201 across Philadelphia — this block outpaced the market.

Annualized return
+7.3%/yr
price, since 2016
Total appreciation
+118%
since 2016
Net rental yield
13.4%
est., after tax carry
Total return
+20.7%/yr
price + net rent
Real return
+17.7%/yr
after ~3% inflation
vs. Philadelphia
+0.8 pts
market 6.5%/yr

Return is from assessed-value history (a proxy for market price, lumpy in reassessment years); rental yield is estimated from ACS area rents. Informational only, not investment advice.

How often it changes hands

This block has recorded 63 arm's-length sales since 1969. The typical home has sold 1 time in that window, while 16 have not changed hands at all.

Every recorded sale · price & date

$0$100K$200K1980199220042016
63arm's-length sales since 1969
1times the typical home has sold
4most sales for a single property
16homes never sold in the window

Who owns it

Ownership of 53 parcels

Owner-occupied: 33Investor / LLC: 4Absentee individual: 13Vacant: 3 53parcels
  • Owner-occupied 33
  • Investor / LLC 4
  • Absentee individual 13
  • Vacant 3

Value distribution today

3 parcels0 parcels1 parcels0 parcels20 parcels24 parcels5 parcels
$16K$117K+
OwnerOn blockOwns citywidePortfolio valueTax bills mail toSource
Due Fratelli LLC17$910K1428 W Cheltenham Ave, Philadelphia PA, 19126phila.gov ↗ · registry ↗
Nmik LLC13$349K1225 Grenox Rd, Wynnewood PA, 19096phila.gov ↗ · registry ↗
Diaz Hector M Sr (individual)22$109K—phila.gov ↗
Mccoy Homes LLC12$150K1923 N Howard St, Philadelphia PA, 19122phila.gov ↗ · registry ↗
Rosa Gutierrez (individual)22$107K—phila.gov ↗
L F Realty INC11$91K3214 N Front St, Philadelphia PA, 19133phila.gov ↗ · registry ↗

The mailing address is where the assessor sends the tax bill — for an LLC, often the closest public record gets to the person behind it. "Registry" searches the owner's name in state incorporation records (OpenCorporates).

House by house

All 53 homes on the block — value trajectory, ownership, and the paper trail assembled from the fetched public datasets. Sorted up the street; each links to its property report and official sources — or download the roster (CSV).

Every house's assessed value, 2016–2027 — each line is one home

$0$100K$200K201620182020202220242026Block median
Each houseNew build / flipBlock median

Worth a look

New construction
3526 N Water St
$117K · Bought for $20K in 2023, built new under a 2010 permit (reduced taxable assessment shown), sold for $128K in 2
New construction
3546 N Water St
$103K · built new under a 2017 permit (reduced taxable assessment shown).
New construction
3519 N Water St
$102K · built new (reduced taxable assessment shown), sold for $48K in 2022.
New construction
3520 N Water St
$98K · Bought for $24K in 2002, built new under a 2009 permit (reduced taxable assessment shown), sold for $34K in 20
New construction
3528 N Water St
$95K · Bought for $3K in 2004, built new (reduced taxable assessment shown), sold for $35K in 2007.
New construction
3518 N Water St
$93K · Bought for $27K in 2005, built new under a 2008 permit (reduced taxable assessment shown), sold for $27K in 20
AddressOwnershipValue & trendBd/BaSq ftBuiltSalesFlags
3500 N WATER ST Owner-occupied $120K —/— 1,815 1935 0 assessment exemption · basis unverifiedlien in pre-2017 ledger
3501 N WATER ST Mixed-use HistoryL&I violation (2024). Absentee individual $161K —/— 1,920 1945 0
3502 N WATER ST Owner-occupied $92K 3/1 1,106 1935 0 assessment exemption · basis unverified
3503 N WATER ST Absentee individual $84K 3/1 952 1935 1
3504 N WATER ST Owner-occupied $86K 3/1 952 1935 0 assessment exemption · basis unverified
3505 N WATER ST Frequently tradedTraded 3×: $44K in 2006 → $1K in 2026 (-98%). Owner-occupied $84K 3/1 952 1935 3
3506 N WATER ST TradedTraded 2×: $6K in 2013 → $10K in 2016 (+67%). Absentee individual $96K 3/1 1,190 1935 2
3507 N WATER ST TradedTraded 2×: $10K in 2019 → $55K in 2023 (+450%). Owner-occupied $84K 3/1 952 1935 2 lien in pre-2017 ledger
3508 N WATER ST Owner-occupied $93K 3/1 1,127 1935 0 assessment exemption · basis unverified
3509 N WATER ST ImprovedBought for $90K in 2024. Owner pulled a addition and/or alteration permit in 2024. Owner-occupied $95K 3/1 1,260 1935 1
3510 N WATER ST New constructionbuilt new under a 2017 permit (reduced taxable assessment shown). Owner-occupied $86K 3/1 952 1935 0 assessment exemption · basis unverified
3511 N WATER ST Renovated & sold onBought for $29K in 2003, plumbing permit in 2016, sold for $40K in 2022 (+38%). Absentee individual $84K 3/1 952 1935 4
3512 N WATER ST New constructionbuilt new under a 2019 permit (reduced taxable assessment shown), sold for $24K in 2017. Owner-occupied $86K 3/1 952 1935 1 assessment exemption · basis unverified
3513 N WATER ST TradedTraded 2×: $15K in 1969 → $2K in 2015 (-90%). Absentee individual $92K 3/1 1,092 1935 2 lien in pre-2017 ledger
3514 N WATER ST Absentee individual $86K 3/1 952 1935 0
3515 N WATER ST Historysold $50K (2024); 4 L&I violations (2025); L&I: 3 failed, 1 passed (2025); L&I violation (2026); L&I: 2 failed, 1 passed (2026). Owner-occupied $84K 3/1 952 1935 1 1 viol
3516 N WATER ST Vacant lot Vacant $16K —/— — — 1
3517 N WATER ST New constructionbuilt new under a 2016 permit (reduced taxable assessment shown). Owner-occupied $84K 3/1 952 1935 0 assessment exemption · basis unverifiedlien in pre-2017 ledger
3518 N WATER ST New constructionBought for $27K in 2005, built new under a 2008 permit (reduced taxable assessment shown), sold for $27K in 2006. Owner-occupied $93K 3/1 1,120 1935 2 assessment exemption · basis unverified
3519 N WATER ST New constructionbuilt new (reduced taxable assessment shown), sold for $48K in 2022. Owner-occupied $102K 3/1 1,442 1935 1 assessment exemption · basis unverified
3520 N WATER ST New constructionBought for $24K in 2002, built new under a 2009 permit (reduced taxable assessment shown), sold for $34K in 2006. Owner-occupied $98K 3/1 1,246 1935 2 assessment exemption · basis unverified
3521 N WATER ST Historysold $25K (2005); 3 L&I violations (2013); Inspection failed ×3 (2013); 7 L&I violations (2016); L&I: 4 failed, 3 passed (2016); Inspection failed (2017). Absentee individual $84K 3/1 952 1935 1 licensed rental
3522 N WATER ST Renovated & sold onBought for $8K in 2002, alteration permit in 2009, sold for $20K in 2021 (+167%). Owner-occupied $98K 3/1 1,246 1935 4
3523 N WATER ST ImprovedBought for $40K in 2007. Owner pulled a alterations permit in 2025. Owner-occupied $94K 3/1 1,232 1935 1
3524 N WATER ST ImprovedBought for $20K in 2008. Owner pulled a alterations permit in 2020. Owner-occupied $86K 3/1 952 1935 1 lien in pre-2017 ledger
3525 N WATER ST Owner-occupied $95K 3/1 1,246 1935 0 assessment exemption · basis unverified
3526 N WATER ST New constructionBought for $20K in 2023, built new under a 2010 permit (reduced taxable assessment shown), sold for $128K in 2025. Owner-occupied $117K 3/1 1,078 1935 2 assessment exemption · basis unverifiedlien in pre-2017 ledger
3527 N WATER ST Historysold $13K (2002); 5 L&I violations (2013); L&I: 1 failed, 1 passed (2013). Absentee individual $89K 3/1 1,078 1935 1 licensed rental
3528 N WATER ST New constructionBought for $3K in 2004, built new (reduced taxable assessment shown), sold for $35K in 2007. Owner-occupied $95K 3/1 1,183 1935 2 assessment exemption · basis unverified
3529 N WATER ST ImprovedOwner pulled a alterations permit in 2022. Owner-occupied $91K 3/1 1,148 1935 0
3530 N WATER ST Owner-occupied $95K 3/1 1,176 1935 0 assessment exemption · basis unverified
3531 N WATER ST Owner-occupied $89K 3/1 1,092 1935 0 assessment exemption · basis unverified
3532 N WATER ST Owner-occupied $95K 3/1 1,176 1935 0 assessment exemption · basis unverified
3533 N WATER ST Absentee individual $56K 3/1 952 1935 0
3534 N WATER ST Owner-occupied $90K 3/1 1,050 1935 0 assessment exemption · basis unverified
3535 N WATER ST TradedTraded 2×: $37K in 2005 → $45K in 2022 (+22%). Absentee individual $84K 2/1 952 1935 2
3536 N WATER ST New constructionbuilt new (reduced taxable assessment shown), sold for $9K in 2015. Owner-occupied $93K 3/1 1,120 1935 1 assessment exemption · basis unverified
3537 N WATER ST ImprovedBought for $7K in 2001. Owner pulled a addition and/or alteration permit in 2026. Investor / LLC $84K 3/1 952 1935 2 13 viol
3538 N WATER ST ImprovedOwner pulled a roof covering replacement permit in 2023. Owner-occupied $91K 3/1 1,064 1935 0
3539 N WATER ST Absentee individual $84K 3/1 952 1935 1 licensed rentallien in pre-2017 ledger
3540 N WATER ST Frequently tradedTraded 3×: $9K in 2000 → $3K in 2003 (-65%). Absentee individual $86K 3/1 952 1935 3 lien in pre-2017 ledger
3541 N WATER ST New constructionBought for $15K in 2000, built new under a 2018 permit (reduced taxable assessment shown), sold for $78K in 2020. Owner-occupied $84K 2/1 951 1935 3 assessment exemption · basis unverified
3542 N WATER ST Frequently tradedTraded 4×: $19K in 2011 → $57K in 2022 (+207%). Investor / LLC $95K 2/1 1,162 1935 4 licensed rental
3543 N WATER ST New constructionbuilt new under a 2023 permit (reduced taxable assessment shown), sold for $1K in 2007. Owner-occupied $84K 3/1 952 1935 1 assessment exemption · basis unverified
3544 N WATER ST ImprovedBought for $24K in 2012. Owner pulled a addition and/or alterations permit in 2026. Absentee individual $93K 3/1 1,120 1935 1
3545 N WATER ST Owner-occupied $84K 3/1 952 1935 1
3546 N WATER ST New constructionbuilt new under a 2017 permit (reduced taxable assessment shown). Owner-occupied $103K 3/1 1,400 1935 0 assessment exemption · basis unverified
3547 N WATER ST TradedTraded 2×: $30K in 2003 → $45K in 2021 (+50%). Investor / LLC $91K 3/1 1,141 1935 2
3548 N WATER ST Frequently tradedTraded 3×: $7K in 2000 → $88K in 2016 (+1157%). Investor / LLC $86K 3/1 952 1935 3
3549 N WATER ST New constructionBought for $6K in 1998, built new (reduced taxable assessment shown), sold for $85K in 2019. Owner-occupied $91K 3/1 1,134 1935 3 assessment exemption · basis unverified
3550 N WATER ST TradedTraded 2×: $8K in 2002 → $8K in 2002 (+0%). Owner-occupied $126K 3/1 1,344 1935 2 lien in pre-2017 ledger
3551 N WATER ST Vacant lot TradedTraded 2×: $6K in 1998 → $9K in 2007 (+50%). Vacant $16K —/— — — 2
3553 N WATER ST Vacant lot Vacant $18K —/— — — 1 lien in pre-2017 ledger

Neighborhood

Median income
$36K
household
Own vs. rent
45%
owner-occupied
Median age
26.1
residents
Median rent
$1K
gross monthly

Generated 2026-07-10 from public City of Philadelphia records  ·  Download this block's data (CSV)

Where this comes from
Methodology & freshness

This report was assembled Jul 10, 2026, 2:59 AM ET. Available City datasets are queried from OpenDataPhilly (phl.carto.com) and the cited City ArcGIS feeds; record queries paginate rather than silently taking a first page. “Unavailable” means the source query failed or was not supplied, not “no record.” Reports re-pull on view after seven days and on an overnight rolling schedule; citywide benchmarks recompute weekly. Source dates still govern: the parcel-level tax-delinquency snapshot is June 2022 and the separate detailed tax ledger ends in 2016, so neither establishes today’s balance. The live balance and date-effective payoff must be verified in Tax Center. AI-written passages are grounded in the assembled record and rejected if they state a number the record does not hold.