The Block Report

House report

2408 Waverly St

4 bd · 3 ba · 3 stories · 1,619 sqft · RSA5 · built 2019

Owner-occupied · assessed $1.4M (2026) · 2027 OPA assessment $1.4M · sold 2×. On the 2400 block of Waverly St.

Property summary

Assessment$1,420,0002026 OPA assessment · 2027: $1,420,000 Last sale$1.3MRecorded 2019 Est. tax bill$3,975/year2026 taxable assessment · full-value scenario $19,877/year · basis and term unverified Tax delinquencyNo 2022 matchNot proof account is current Permits10Every fetched City permit Violations0 openNo historical match in fetched records

“Open” reflects records available then historical records keep their source dates estimates are labeled

BlockReport AI · cited public records

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BlockReport can explain a discrepancy, but it cannot rewrite an official City record. Use the agency that owns the underlying fact:

Street view of 2408 Waverly St
From the street — imagery © Google
From above — imagery © Esri, Maxar

The estimate, live balance, and back-tax record are different.

BlockReport can calculate the annual tax from the City’s taxable assessment. Payments, credits, interest, and a current amount due live separately in Philadelphia Tax Center.

Estimated annual Real Estate Tax$3,975/year

2026 taxable assessment $284,000 × 1.3998%. Estimate—not a bill or account balance.

OPA also publishes a 2027 assessment of $1,420,000; it is not the 2026 billed-year value.

Official current account balanceCheck live

A Tax Center balance is net of bills, payments, credits, interest, and adjustments. A credit—or an amount due—is not automatically “back taxes.”

OPA 081112900
Open Philadelphia Tax Center →Choose “View period balance” to see the tax year and any credit, interest, or delinquency.
Exemption classificationPartial assessment exemption — basis unverified

2026 OPA taxes $284,000 of $1,420,000 assessed. The assessment fields alone do not identify a program, approval date, expiration, or buyer eligibility.

See the assessment math →
Full-assessment scenario$19,877/year

Applying the same rate to the billed-year full assessment. OPA's numeric split does not say when or whether the current treatment changes.

See the assessment math →
Historical delinquency sources No current conclusion

This parcel did not match the June 2022 delinquency snapshot. That absence does not confirm the account is current today.

For a purchase, refinance, or closing, request the City’s official Property Payoff statement in Tax Center under “More options.”

What stands out

From the public record
Finding

Torn down & rebuilt

Why it matters

Old house bought for $475K in 2018, demolished in 2019 and rebuilt (2018), then sold for $1.3M in 2019.

View supporting records →

What to do with this

The record, translated into moves — what a buyer, the owner, and a landlord would each want to check next under Philadelphia's actual rules.

If you’re buying

Verify the current tax bill and exemption

The 2026 taxable assessment implies about $3,975/yr, while applying the same rate to the full assessment would imply about $19,877/yr — $15,902/yr more. OPA's assessment split does not establish the exemption program, expiration, or buyer eligibility. Verify the basis and live bill with OPA and Revenue.

Zoned RSA5: one household by right

Single-family rowhouse (the classic Philly row). Converting to a duplex or apartments needs a use variance the zoning board rarely grants — Pennsylvania courts require a physical hardship of the lot itself, and economics alone do not qualify.

If you own it

Verify which assessment relief applies

OPA shows a material assessment exemption, but this record does not identify its legal basis or transfer treatment. Ask OPA for the approval history; if the current treatment ends, an eligible owner-occupant may need to apply separately for Homestead relief.

Derived from the fetched property records and linked City guidance as of 2026. Assessment treatment is not a substitute for an exemption approval, live balance, title report, license, occupancy certificate, or inspection. Informational only — not legal, tax, or investment advice.

The investment read

How this house has moved and where it's pointed: the city's assessed value (not a listing price) over 12 years, charted against its block; appreciation is that history's pace, and the 5-year figure simply extends it. Yield estimates rent-vs-price from area rents. Ask the record to dig into any number.

Assessed value
$1,420,000
2026 billed-year assessment · 2027: $1,420,000 · built 2019
Price / sq ft
$877
block $656 · above block
Appreciation
+243%
+13%/yr, city 6.5%
In 5 years (~2031)
~$1.4M
+13%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax bill / yr
$3,975
0.28% effective, reduced taxable assessment
Jun 2022 tax snapshot
No match
not proof the account is current
Gross yield
1.6%
≈$2K/mo rent
Times sold
2

Assessment vs. the block · every dated City record marked on the line

$0$1.0M$2.0M2016 OPA assessment: $414K2017 OPA assessment: $414K2018 OPA assessment: $414K2019 OPA assessment: $451K2020 OPA assessment: $466K2021 OPA assessment: $1.2M2022 OPA assessment: $1.2M2023 OPA assessment: $1.3M2024 OPA assessment: $1.3M2025 OPA assessment: $1.4M2026 OPA assessment: $1.4M2017 — 2017-07-31: Major alteration2018 — Land record $475K · 2018-08-10: Alterations · 2018-12-04: Zoning/use · 2018-09-05: Demolition · 2018-12-04: New construction · 2018-12-20: Electrical2019 — Demolished · Deed / sale $1.3M · 2019-02-28: Mechanical · 2019-03-05: Plumbing · 2019-04-18: Suppression$1.4M201620182020202220242026
This propertyBlock median & rangeDeed / saleLand buyTeardownPermit
2019-04-18: Suppression
Highlight
Every dated record12 events · scroll to browse
  1. PermitSuppression
  2. PermitPlumbing
  3. PermitMechanical
  4. TeardownDemolished
  5. Deed / saleDeed / sale $1.3M
  6. PermitElectrical
  7. PermitZoning/use
  8. PermitNew construction
  9. PermitDemolition
  10. PermitAlterations
  11. Land buyLand record $475K
  12. PermitMajor alteration

The paper trail

Torn down & rebuilt

Old house bought for $475K in 2018, demolished in 2019 and rebuilt (2018), then sold for $1.3M in 2019.

  1. 2018 AlterationsPermitZoning/usePermitDemolitionPermit$475KLand buyZoning/usePermitNew constructionPermitElectricalPermit
  2. 2019 DemolishedTeardownMechanicalPermitPlumbingPermitSuppressionPermit$1.3MSold

Browse the source ledger

The chart above is the primary timeline. This drawer preserves every underlying dated row and its filed status for source-level review.

Open the City record ↗
Browse 12 dated records deeds, permits, inspections, licenses, violations, certifications & appeals
  1. PermitSuppression

    Permit 949253 · COMPLETED

    FOR THE INSTALLATION OF A NFPA 13 D SYSTEM FOR A SINGLE FAMILY DWELLING. FIRE SUPPRESSION SYSTEM SERVICED WITH ONE-INCH COMBINED FIRE SERVICE LINES WITH A WATER METER ASSEMBLY. ALL WORK TO BE DONE PER APPROVED PLANS. IF FIELD CONDITIONS VARY CONTACT DESIGN ENGINEER PRIOR TO THE START OF ANY WORK. FIRE SUPPRESSION SYSTEM TO BE INSTALLED IN ACCORDANCE WITH NFPA 13D STANDARD.

  2. PermitPlumbing

    Permit 954731 · COMPLETED

    INSTALL 11 FIXTURES AS PER 2004 PPC AS PER HOUSE DRAIN STACK WATER HEATER

  3. PermitMechanical

    Permit 953375 · COMPLETED

    SINGLE FAMILY HOUSE 2100 SQ. FT. TWO ZONE SYSTEMS 2 X 40,000 BTU HEAT, 2 X 24,000 BTU A/C

  4. Recorded transfer$1.3M transfer

    2019

  5. PermitElectrical

    Permit 936601 · COMPLETED

    INSTALL NEW WIRING SWITCHES RECEPTACLES LIGHTING FIXTURES AND 120V INTERCONNECTED SMOKE ALARMS AS PER 2008 NEC INSTALL ONE NEW 200AMP SERVICE

  6. PermitZoning/use

    Permit 913831 · COMPLETED

    ERECTION OF AN ATTACHED STRUCTURE WITH ROOF ACCESS STRUCTURE FOR USE AS SINGLE FAMILY HOUSEHOLD LIVING WITH ROOF DECK ABOVE THIRD FLOOR LEVEL ACCESSED THROUGH PILOT HOUSE (SIZE AND LOCATION AS SHOWN ON PLANS)

  7. PermitNew construction

    Permit 913846 · COMPLETED

    NEW 3 STORY SINGLE FAMILY ATTACHED RESIDENCE WITH FINISHED BASEMENT AND ROOF DECK. ANTICIPATED PARTIAL REUSE OF EXISTING FOUNDATIONS. DEMOLITION PERMIT OF EXISTING RESIDENCE DONE UNDER SEPARATE PERMIT.

  8. PermitZoning/use

    Permit 902120 · COMPLETED

    FOR THE COMPLETE DEMOLITION OF AN EXISTING, ATTACHED, TWO (2) STORY STRUCTURE. VACANT LOT.

  9. PermitDemolition

    Permit 902121 · COMPLETED

    FOR THE COMPLETE DEMOLITION OF AN EXISTING, ATTACHED, TWO (2) STORY STRUCTURE. STRUCTURE TO BE DEMOLISHED BY HAND AND WITH HAND HELD TOOLS ONLY. PEDESTRIAN PROTECTION TO BE IN PLACE PRIOR TO START OF WORK AND TO BE MAINTAINED DURING ALL DEMOLITION ACTIVITIES. * A COVERED WALKWAY OR SIDEWALK CLOSURE SHALL BE REQUIRED WITHIN MIN. 6 FEET OF BUILDING FAÇADE IN ACCORDANCE WITH SECTION 3306 OF THE IBC. SEPARATE BUILDING AND/OR STREETS DEPARTMENT PERMITS ARE REQUIRED. * 21 DAY POSTING AND NOTICE REQUIRED PER A-303.2

  10. PermitAlterations

    Permit 901369 · Expired

    SEAL LATERAL PA20182213704 REMOVE HOUSE TRAP AND HERMETICALLY SEALING THE LATERAL BY A CAP OR PLUG PER SECTION P-606.1 OF THE PHILADELPHIA PLUMBING CODE 2004 - "SELF-CERTIFICATION'S ARE NO LONGER PERMITTED" - "ALL EXCAVATIONS AND PLUMBING TRENCHES IN EXCESS OF 5 FEET IN DEPTH MUST HAVE APPROVED SHORING IN PLACE AT THE TIME OF INSPECTION"

  11. Land recordLand record

    2018

  12. PermitMajor alteration

    Permit 804445 · COMPLETED

    INSTALL STAR BOLTS PER ATTACHED DETAIL

What this record suggests

The City file documents 10 permits touching electrical work, plumbing, roof work. 9 carries a completed, issued, or approved status; that documents the filing, not the present quality of the work.

Flags: material assessment exemption — legal basis and term unverified. Informational only — not investment advice or a consumer report (FCRA).

The assessment exemption gap

OPA's 2026 taxable assessment implies about $3,975/year. Applying the same 1.3998% rate to the full assessed value would imply ~$19,877/year — $15,902/year more. That is a scenario, not a forecast: the assessment split alone does not identify the exemption program, approval date, expiration, transfer treatment, or live Tax Center balance.

2016: ~$5,795/yr2017: ~$5,795/yr2018: ~$5,795/yr2019: ~$6,319/yr2020: ~$6,529/yr2021: ~$4,823/yr2022: ~$4,823/yr2023: ~$3,695/yr2024: ~$3,695/yr2025: ~$3,975/yr2026: ~$3,975/yr20162026
2026~$3,975/yrestimated from assessment

2026: ($1,420,000 assessed − $1,136,031 exempt) × 1.3998% ≈ $3,975/yr full-assessment scenario: $1,420,000 × 1.3998% ≈ $19,877/yr The OPA amount does not prove a ten-year abatement or any other specific program. Obtain the approval history and verify the current Tax Center account; a buyer should not assume the seller's relief transfers or restarts.

The property, on paper

The city assessor's field record — the physical spec sheet behind the assessed number.

Bedrooms
4
Bathrooms
3
Stories
3
Interior
1,619 sqft
livable area
Lot
750 sqft
Basement
Full, finished
city code A
Heat
Forced hot air
city code A
Central air
Yes
Exterior condition
Newer construction
city code 1
Newer construction
Interior condition
Newer construction
city code 1
Newer construction
Quality grade
C+
assessor's grade
Zoning
RSA5
city zoning code

OPA field-assessment attributes. Condition and grade are the assessor's codes, not an inspection.

Run the numbers

What owning 2408 Waverly St takes, at your price and your rate. Taxes start with an annual estimate from the City’s taxable assessment, not a current bill or balance; rent starts at the area median. Assessed value is not an asking price — set the price slider to the real one.

$1.4M
20%
6.875%
$2K/mo

When this house last sold (2019) a 30-year mortgage ran about 3.94% — Freddie Mac's average that year.

Mortgage
—
P&I · 30-yr fixed
All-in monthly
—
+ taxes & insurance
Cash to close
—
down + ~4% costs
Cash flow
—
rent − all costs · /mo
Cap rate
—
NOI ÷ price
Cash-on-cash
—
year-1 return on cash in

Estimates for orientation, not advice. Assumes a 30-year fixed loan, $1,400/yr insurance, 1% of price/yr maintenance; taxes use this parcel's taxable assessment with an optional full-assessment stress test, not a live Tax Center balance.

Block context

2408 Waverly St sits on the 2400 block of Waverly St. Open the block report to compare its parcels, ownership and public-record history.

See the whole block →

Next door: 2406 Waverly St  ·  2410 Waverly St

Where this comes from
Methodology & freshness

This report was assembled Jul 10, 2026, 7:22 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. For this property: Permits: queried · Violations: queried · Investigations: queried · Appeals: queried · Licenses: queried · Building certifications: queried. “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.

Official city record ↗  ·  L&I history ↗  ·  See the whole block  ·  Download this record (JSON)