The Block Report

House report

125 N 23rd St

3 bd · 3 ba · 3 stories · 2,395 sqft · RM1 · built 2021

Absentee individual · assessed $1.5M · sold 1×. On the 100 block of N 23rd St.

Property summary

Assessment$1.5MCity assessed value Last sale$1.5MRecorded 2023 Est. annual tax$4K/yearAssessment × 1.3998% Tax delinquency—Snapshot unavailable Permits0Dated events in report ViolationsNone openNone open when assembled

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

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Street view of 125 N 23rd St
From the street — imagery © Google
From above — imagery © Esri, Maxar

What stands out

From the public record

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 current tax estimate is temporary

The taxable assessment implies about $4,136/yr under a 10-year abatement. The estimate steps up every year and reaches about $20,685/yr in 2033 — $16,549/yr more. Underwrite the post-abatement estimate and verify the actual bill with Revenue.

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.

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
$1.5M
built 2021
Price / sq ft
$617
block $657 · below block
Appreciation
+1123%
+52%/yr, city 6.5%
In 5 years (~2031)
~$1.5M
+52%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax / yr
$4K
0.28% effective, abated
Jun 2022 tax snapshot
—
Gross yield
2.2%
≈$3K/mo rent
Times sold
1
licensed rental

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

$0$1.0M$2.0M2023: Sold $1.5M$1.5M202120242027
This houseBlock median & rangeSale

The paper trail

New construction

built new (tax-abated), sold for $1.5M in 2023.

  1. 2023 $1.5MSold

Flags: tax-abated — the bill lags real value · active rental license. Informational only — not investment advice or a consumer report (FCRA).

The abatement clock

This house’s taxable assessment implies about $4,136/yr under a 10-year tax abatement that steps down every year. In 2033 the assessment-based estimate reaches ~$20,685/yr — a step up of $16,549/yr, 6 assessment years out. Drag the slider.

2021: ~$1,691/yr2022: ~$23,468/yr2023: ~$17,210/yr2024: ~$4,694/yr2025: ~$4,136/yr2026: ~$4,136/yr2027: ~$4,136/yr2028: ~$6,894/yr (projected)2029: ~$9,652/yr (projected)2030: ~$12,411/yr (projected)2031: ~$15,169/yr (projected)2032: ~$17,927/yr (projected)2033: ~$20,685/yr (projected)2034: ~$20,685/yr (projected)202120332034
2027~$4,136/yrestimated from assessment

now: ($1,477,700 assessed − $1,182,229 abated) × 1.3998% ≈ $4,136/yr 2033: $1,477,700 assessed × 1.3998% ≈ $20,685/yr The abated slice shrinks ~10% a year (post-2022 program, started 2023) — 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
2,395 sqft
livable area
Lot
850 sqft
Basement
Full, finished
city code A
Heat
Forced hot air
city code A
Central air
Yes
Garage
2 spaces
Exterior condition
Newer construction
city code 1
Newer construction
Interior condition
Newer construction
city code 1
Newer construction
Zoning
RM1
city zoning code

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

Run the numbers

What owning 125 N 23rd 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.

$1.5M
20%
6.875%
$3K/mo

When this house last sold (2023) a 30-year mortgage ran about 6.81% — 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 from this parcel's record (with the abatement toggle above).

Block context

125 N 23rd St sits on the 100 block of N 23rd St. Open the block report to compare its parcels, ownership and public-record history.

See the whole block →

Next door: 123 N 23rd St  ·  127 N 23rd St

Where this comes from
Methodology & freshness

Available City datasets are queried from OpenDataPhilly (phl.carto.com), then reports are cached and refreshed on a rolling schedule. Source dates vary: the parcel-level tax-delinquency snapshot is June 2022 and the separate detailed tax ledger ends in 2016, so neither establishes today’s balance. Other dossiers re-pull on view once stale, and citywide benchmarks recompute weekly. 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)