New construction
Why it mattersBought for $3K in 2023, built new under a 2023 permit, sold for $280K in 2024.
View supporting records →House report
1418 N Marston St
3 bd · 2 stories · 1,354 sqft · RSA5 · built 2024
Owner-occupied · assessed $280K · sold 2×. On the 1400 block of N Marston St.
Property summary
Assessment$280KCity assessed value
Last sale$280KRecorded 2024
Est. annual tax$4K/yearAssessment × 1.3998%
Tax delinquency—Snapshot unavailable
Permits8Dated events in report
ViolationsNone openNone open when assembled
“Open” reflects records available then historical records keep their source dates estimates are labeled
BlockReport AI · cited public records
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Question or correct this record
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What stands out
From the public recordRecords to verify together
Rule-based groupings across this property's dated public records. Each flag shows the records that belong in the same verification step and where the inference stops.
Post-purchase work pattern
A recorded purchase followed by 1 permit event matches the early part of a renovate-and-resell sequence.
Evidence: purchase recorded in 2024 · permit activity in 2024
Limit: This does not show that the property is listed or that a sale is planned.
Transparent record rules, not a score or forecast. Each flag is a prompt to verify the cited records, not a prediction or allegation.
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
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
$1,399/yr may be unclaimed
This home reads owner-occupied but shows no Homestead Exemption, which removes $100,000 from the taxable assessment (worth up to $1,399/yr). Applying through the City is free and takes minutes.
Construction next door (1419 N Marston St, 2024)
Excavation deeper than 5 feet, or within 10 feet of an adjacent structure, legally requires the developer to survey neighboring homes first and give owners 10 days' written notice. Insist on the pre-construction survey — it is your evidence if cracks appear.
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
$280K
built 2024
Price / sq ft
$207
block $207 · in line w/ block
Appreciation
+8135%
+49%/yr, city 6.5%
In 5 years (~2031)
~$287K
+49%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax / yr
$4K
1.4% effective
Jun 2022 tax snapshot
—
Gross yield
6.7%
≈$2K/mo rent
Times sold
2
Value vs. the block, over time — sales, permits & L&I events marked on the line
This houseBlock median & rangeSaleLand buyL&I violation
The paper trail
New constructionBought for $3K in 2023, built new under a 2023 permit, sold for $280K in 2024.
- 2021 L&I violationL&IL&I: 1 failed, 1 passedL&I visit
- 2023 $3KLand buyNew ConstructionPermitNew Construction or AdditionsPermitNew Construction or AdditionsPermitNew Construction or AdditionsPermitNew ConstructionPermitNew ConstructionPermitNew ConstructionPermit
- 2024 ExcavationPermit$280KSold
Informational only — not investment advice or a consumer report (FCRA).
The house, on paper
The city assessor's field record — the physical spec sheet behind the assessed number.
Bedrooms
3
Stories
2
Interior
1,354 sqft
livable area
Lot
704 sqft
Basement
Full, finished
city code 1
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
RSA5
city zoning code
OPA field-assessment attributes. Condition and grade are the assessor's codes, not an inspection.
Run the numbers
What owning 1418 N Marston 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.
When this house last sold (2024) a 30-year mortgage ran about 6.72% — 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.
Block context
1418 N Marston St sits on the 1400 block of N Marston St. Open the block report to compare its parcels, ownership and public-record history.
See the whole block →Next door: 1416 N Marston St · 1420 N Marston 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
- Imagery — Street photo © Google · Aerial © Esri, Maxar
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)