Philadelphia property report

4000 block of Wells St

A mostly owner-occupied block: 92% of homes are lived in by their owners.

The typical home here is up 73% since 2016, now about $275K. Property taxes are climbing about 2% a year though the increases have eased lately.

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
$275K
13 homes of 13 parcels
ZIP median $207K
Price / sq ft
$194
typical home
city median $181
Vs. Philadelphia
1.2×
the city median
city $230K
Tax / yr
$2K
typical · up to $4K
city ≈$3K/yr
Major assessment exemptions
1 of 13
$18K/yr estimated reduction
Owner-occupied
92%
12 of 13
city 48%
Rentals
15%
2 licensed
city 15% of homes
Open violations
0
none on record
▼ block 0% · city 5%
Tax delinquency · Jun 2022
No match
no parcels listed in snapshot
▼ block 0% · city 9%
Zoning appeals
1
1 home · ZBA & boards
block 8% · city 5%

How fast it's moving

1 year
+5%
value · tax +$80
5 years
+61%
value · tax +$403
10 years
+73%
value · tax +$479

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 $275K — about 1.2× the citywide median home, and above the ZIP 19135 median of $207K. The same block, read against everyone else in the ZIP 19135 and across Philadelphia.

This blockZIP 19135Philadelphia
Median home value$275K$207K$230K
Owner-occupied77%48%48%

Safety & quality of life

Within 200 metres of the block over the last 12 months: 62 reported crimes (about 5 a month, 31% of them violent) and 147 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
62
about 5/month · 31% violent
311 requests · 12mo
147
about 12/month · 29 open

Most reported crimes

Other Assaults12
All Other Offenses11
Motor Vehicle Theft8
Theft from Vehicle6
Vandalism/Criminal Mischief4
Burglary Residential3

Top 311 complaints

Maintenance Complaint33
Shoveling20
Abandoned Vehicle16
Sanitation Violation13
Illegal Dumping9
Rubbish/Recyclable Material Collection9

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 & Middle · K-8
Hamilton Disston
6801 Cottage St · 686 students
High · 9-12
Abraham Lincoln
3201 Ryan Ave · 2332 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$250K$500K$275K2016: $159K2017: $159K2018: $159K2019: $165K2020: $172K2021: $172K2022: $172K2023: $228K2024: $228K2025: $263K2026: $263K2027: $275K2016202020232027

▲ +73% since 2016

Estimated property tax · per home, per year

$0$1,250$2,500$2,3352016: $1,9562017: $1,8562018: $1,9562019: $1,9952020: $1,9322021: $1,9322022: $1,9322023: $2,3142024: $2,0692025: $2,2552026: $2,2552027: $2,3352016202020232027

▲ +19% since 2016 · ~+2%/yr

1
1 property 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 $17,852. 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.

2 homes pay the full 1.40%11 pay less
$0pays now $3,796at the full rate

One large gap: 4010 Wells St has a $0/year assessment-based estimate on $271K assessed value — about 0% of the $3,796 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 lagged the Philadelphia market, compounding +5.1% a year against the city's 6.5%.

Indexed performance · this block vs. the Philadelphia market

9510025020162019202220252027This block 173 Philadelphia 201

Rebased to 100 in 2016, like a stock against its index. $100 in the typical home here would be worth $173 today versus $201 across Philadelphia — this block trailed the market.

Annualized return
+5.1%/yr
price, since 2016
Total appreciation
+73%
since 2016
Net rental yield
6%
est., after tax carry
Total return
+11.1%/yr
price + net rent
Real return
+8.1%/yr
after ~3% inflation
vs. Philadelphia
-1.4 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 18 arm's-length sales since 2002. The typical home has sold 1 time in that window, while 3 have not changed hands at all.

Every recorded sale · price & date

$0$125K$250K2005201020152020
18arm's-length sales since 2002
1times the typical home has sold
4most sales for a single property
3homes never sold in the window

Who owns it

Ownership of 13 parcels

Owner-occupied: 12Absentee individual: 1 13parcels
  • Owner-occupied 12
  • Absentee individual 1

Value distribution today

4 parcels1 parcels1 parcels2 parcels1 parcels1 parcels3 parcels
$228K$329K+

The block's largest owner, David Home LLC, carries 1 open violation across 3 properties it owns around the city.

OwnerOn blockOwns citywidePortfolio valueTax bills mail toSource
David Home LLC13$756K4026 Wells St, Philadelphia PA, 19135phila.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 13 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$250K$500K201620182020202220242026Block median
Each houseNew build / flipBlock median
AddressOwnershipValue & trendBd/BaSq ftBuiltSalesFlags
4010 WELLS ST built new under a 2022 permit (reduced taxable assessment shown), sold for $120K in 2009. Owner-occupied $275K —/1 1,664 1950 1 assessment exemption · basis unverified
4012 WELLS ST Bought for $179K in 2006. Owner pulled a certificate of occupancy (co) (may inclu… permit in 2024. Owner-occupied $267K —/1 1,664 1950 2
4014 WELLS ST Owner-occupied $240K —/— 1,344 1950 1
4015 WELLS ST Owner-occupied $285K —/— 1,733 1950 1
4016-20 WELLS ST Owner-occupied $294K —/1 1,600 1950 0
4017 WELLS ST Bought for $235K in 2022. Owner pulled a addition and/or alteration permit in 2023. Owner-occupied $329K 2/2 1,000 1987 1
4019 WELLS ST Traded 2×: $120K in 2003 → $235K in 2021 (+96%). Absentee individual $316K 2/1 1,000 1987 2 licensed rental
4022 WELLS ST Traded 2×: $100K in 2002 → $180K in 2013 (+81%). Owner-occupied $329K —/— 1,584 1950 2
4023 WELLS ST Owner-occupied $228K —/— 1,178 1950 0
4025 WELLS ST Owner-occupied $232K —/— 1,178 1950 1
4026 WELLS ST Bought for $89K in 2002. Owner pulled a addition and/or alteration permit in 2024. Owner-occupied $300K —/— 1,520 1950 3 licensed rental
4027 WELLS ST Traded 4×: $180K in 2006 → $194K in 2020 (+8%). Owner-occupied $231K 3/1 1,178 1950 4
4029 WELLS ST Owner pulled a alterations permit in 2024. Owner-occupied $256K —/— 1,479 1950 0

Neighborhood

Median income
$21K
household
Own vs. rent
33%
owner-occupied
Median age
23.3
residents
Median rent
$2K
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, 3:05 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.