Public Records
Edition
Philadelphia1200 block of Hope StJuly 9, 2026

House report

1223 Hope St

3 bd · 3 ba · 3 stories · 1,824 sqft · CMX3 · built 2018

Investor / LLC · assessed $605K. On the 1200 block of Hope St.

Street view of 1223 Hope St
From the street — imagery © Google
From above — imagery © Esri, Maxar
The story of this houseAI · written from the public record

Reading this house's deeds, permits and assessments…

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

The tax bill is temporary

Today's $1,694/yr reflects a 10-year abatement. It jumps to about $8,469/yr in 2029 — $6,775/yr more. Price the full bill, not the current one.

The last transfer was not a sale

The most recent recorded deed moved for nominal consideration, within one family. That is where tangled-title problems live — budget a real title search. (Occupants untangling an inherited deed can get help from the city's Tangled Title Fund.)

If you’re the landlord

Licensed rental — keep it that way

Renewal requires city tax clearance and zero open L&I violations on the property. A lapsed license suspends the right to collect rent or evict.

Derived from this house's public records and the city's rules as of 2026 (abatement ordinance, Homestead, rental licensing, lead certification, L&I process, excavation protections). Informational only — not legal, tax, or investment advice.

Who's behind it

Spring Mill Investment Gr · corporate / LLC owner

• Owns 3 properties across Philadelphia under this name, assessed at $2.8M combined
• Holds an active rental license for this address
• The last transfer was a nominal/family deed, not an open-market sale

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 analyst below to dig into any number.

Assessed value
$605K
built 2018
Price / sq ft
$332
block $279 · above block
Appreciation
+16%
+2%/yr, city 6.5%
In 5 years (~2031)
~$606K
+2%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax / yr
$2K
0.28% effective, abated
Gross yield
Times sold
0
kept in the family

Value vs. the block, over time — sales, permits & L&I events marked on the line

$0$500K$1.0M2017: Zoning/use 2017: New construction 2017: Suppression 2017: Mechanical 2017: Plumbing 2017: Electrical2022: L&I violation2023: Change of Use 2023: Appeal withdrawn$605K201620222027
This houseBlock median & rangeL&I violationZoningPermit
The paper trail

built new under a 2017 permit (tax-abated).

  1. 2017 Zoning/usePermitNew constructionPermitSuppressionPermitMechanicalPermitPlumbingPermitElectricalPermit
  2. 2022 L&I violationL&I
  3. 2023 Change of UsePermitAppeal withdrawnZoning

Flags: tax-abated — the bill lags real value · active rental license · 1 zoning/board appeal on record · long-held within one family. Informational only — not investment advice or a consumer report (FCRA).

The abatement clock

This house pays about $1,694/yr under a 10-year tax abatement. In 2029 the bill reaches its full ~$8,469/yr — a step up of $6,775/yr, 2 assessment years out. Drag the slider.

2019: ~$2,111/yr2020: ~$2,111/yr2021: ~$2,111/yr2022: ~$2,111/yr2023: ~$1,456/yr2024: ~$1,456/yr2025: ~$1,750/yr2026: ~$1,750/yr2027: ~$1,694/yr2028: ~$1,694/yr (projected)2029: ~$8,469/yr (projected)2030: ~$8,469/yr (projected)201920292030
2027~$1,694/yrfrom the record

now: ($605,000 assessed − $483,983 abated) × 1.3998% ≈ $1,694/yr 2029: $605,000 assessed × 1.3998% ≈ $8,469/yr Flat 100% exemption (pre-2022 program, started 2019), then the cliff — reassessments move both lines. After expiry an owner-occupant can claim the Homestead Exemption (~$1,400/yr off); an abated home can't hold both.

The house, on paper

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

Bedrooms
3
Bathrooms
3
Stories
3
Interior
1,824 sqft
livable area
Lot
800 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
B
assessor's grade
Zoning
CMX3
city zoning code
Zoning appeals
1
withdrawn 2023

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

Run the numbers

What owning 1223 Hope St takes, at your price and your rate. Taxes are this house's actual bill from the city record; rent starts at the area median. Assessed value is not an asking price — set the price slider to the real one.

$605K
20%
6.875%
$4K/mo
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 from this parcel's record (with the abatement toggle above).

Next door: 1221 Hope St  ·  1219 Hope St

Where this comes from

City datasets are fetched live from OpenDataPhilly (phl.carto.com) and cached briefly. AI-written passages are generated from these records only and rejected if they state a number the record doesn't hold.

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