House report

1318 N Franklin St

2 bd · 2 ba · 2 stories · 1,536 sqft · RM1 · built 2021

Absentee individual · assessed $324K (2026) · 2027 OPA assessment $390K. On the 1300 block of N Franklin St.

Street view of 1318 N Franklin St — From the street — imagery © Google

From above — imagery © Esri, Maxar

BlockReport AI · cited public records

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Property summary

Assessment$324,2002026 OPA assessment · 2027: $389,800 Last sale$325KRecorded 2022 Est. tax bill$680/year2026 taxable assessment · full-value scenario $4,538/year · basis and term unverified Tax delinquency—Snapshot unavailable Permits—Record unavailable Violations0 openNo historical match in fetched records

Report assembled Jul 9, 2026 “Open” reflects records available then historical records keep their source dates estimates are labeled

Question or correct this record

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

Property tax

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$680/year

2026 taxable assessment $48,600 × 1.3998%. Estimate—not a bill or account balance.

OPA also publishes a 2027 assessment of $389,800; 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 888000624

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 $48,600 of $324,200 assessed. The assessment fields alone do not identify a program, approval date, expiration, or buyer eligibility.

See the assessment math →

Full-assessment scenario$4,538/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

The June 2022 delinquency snapshot was not verifiably available in this cached report. No conclusion about a match—or today’s balance—can be drawn from that absence.

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

The property story

Why it matters

Reading this property’s deeds, permits and assessments…

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 $680/yr, while applying the same rate to the full assessment would imply about $4,538/yr — $3,858/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.

If you’re the landlord

If it is rented, verify the Rental License

The fetched license records do not show an active Rental License. Ownership type or a tax mailing address does not prove that tenants occupy the property; if it is rented, verify the current license and legal occupancy in eCLIPSE.

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: every fetched annual City assessment, charted against its block and ZIP; appreciation includes the full-period compound rate and the latest year-over-year change. The 5-year figure simply extends that historical pace. Yield estimates rent-vs-price from area rents. Ask the record to dig into any number.

Assessed value

$324,200

2026 billed-year assessment · 2027: $389,800 · built 2021

Price / sq ft

$254

block $254 · in line w/ block

Appreciation

+26%

+5%/yr since 2022 · 2027 +20% vs 2026

In 5 years (~2032)

~$492K

+5%/yr own pace held 5 yrs — extrapolation, not a forecast

Est. tax bill / yr

$680

0.17% effective, reduced taxable assessment

Jun 2022 tax snapshot

—

Gross yield

3.9%

≈$1K/mo rent

Times sold

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

Property assessmentBlock median & rangeZIP 19122 medianAssessment

Each icon sits on its recorded date; records without a day are labeled and centered within their year. Select one to explain the filing.

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 $680/year. Applying the same 1.3998% rate to the full assessed value would imply ~$4,538/year — $3,858/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.

2026~$680/yrestimated from assessment

2026: ($324,200 assessed − $275,622 exempt) × 1.3998% ≈ $680/yr full-assessment scenario: $324,200 × 1.3998% ≈ $4,538/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

Bathrooms

Stories

Interior

1,536 sqft

livable area

Lot

2,512 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

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 1318 N Franklin 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.

Purchase price$390K

Down payment20%

Mortgage rate6.875%

Monthly rent$1K/mo

When this house last sold (2022) a 30-year mortgage ran about 5.34% — Freddie Mac's average that year.

Stress-test the full-assessment tax scenario (~$4,538/year). OPA does not establish when or whether the current treatment changes.

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

1318 N Franklin St sits on the 1300 block of N Franklin St. Open the block report to compare its parcels, ownership and public-record history.

See the whole block →

Next door: 1318 N Franklin St · 1318 N Franklin St

Where this comes from

Assessment, spec sheet & owner — OPA Property Assessments, Office of Property Assessment
Sales & deed history — Realty Transfer Tax records, Recorder of Deeds
Permits, violations & inspections — L&I Property History · Atlas
Tax delinquency snapshot · June 2022 — Real Estate Tax Delinquencies, Dept. of Revenue
Historical tax ledger & liens · through 2016 — Real Estate Tax Balances, Dept. of Revenue
Current property-tax balance — Verify with Philadelphia Revenue
Zoning appeals — L&I & Zoning Board appeals
Neighborhood income & rents — US Census ACS 5-year estimates
Historical mortgage rates — Freddie Mac Primary Mortgage Market Survey, annual averages

Methodology & freshness

This report was assembled Jul 9, 2026, 6:59 PM 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.

BlockReport AICited sources

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About this data & fine print

Answers are generated by an AI agent querying available City of Philadelphia open data at the moment you ask: OPA property assessments, Recorder of Deeds transfer records, L&I permits, violations & licenses, dated Dept. of Revenue tax records, Zoning Board appeals, Police incident reports, Philly311 requests, and School District of Philadelphia catchment and school data. When you explicitly request a web check—or ask about a current listing or recent news—the agent can also run a cited public-web search; those claims are labeled separately from City records.

For an explicit web search or a current listing/news question, the agent may also search the public web through OpenRouter and must link every web-derived claim. Public listing pages can be stale and are not direct or comprehensive MLS access.

Property-level tax data is historical: the delinquency snapshot is dated June 2022 and the separate detailed ledger ends in 2016. Neither shows what is owed today; verify a current balance with Philadelphia Revenue.

City data is published as-is and can lag, contain errors, or be corrected later; school performance datasets run years behind and are labeled with their school year. AI answers can contain mistakes — verify anything that matters against the official record (property.phila.gov, atlas.phila.gov) before acting on it.

AI-generated content; informational purposes only. Answers are generated by artificial intelligence, may contain errors or omissions, are not reviewed by a person before delivery, and are not statements of fact about any person or property. Nothing here constitutes legal, tax, accounting, financial, investment, appraisal, or real-estate brokerage advice. This tool is not a consumer report under the Fair Credit Reporting Act, 15 U.S.C. § 1681 et seq., and may not be used to determine any individual's eligibility for credit, insurance, employment, housing or tenancy, or any other FCRA-covered purpose.

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