The Block Report

House report

2347 N Hancock St

4 bd · 3 ba · 3 stories · 1,256 sqft · RSA5 · built 2018

Owner-occupied · assessed $475K · sold 2×. On the 2300 block of N Hancock St.

Street view of 2347 N Hancock St
From the street — imagery © Google
From above — imagery © Esri, Maxar

Property summary

Assessment$475KCity assessed value Last sale$386KRecorded 2019 Est. annual tax$1K/yearAssessment × 1.3998% Tax delinquency—Snapshot unavailable Permits7Shown in this report ViolationsNone openNo open L&I cases

Verify the current balance before relying on it.

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.

A separate historical parcel ledger ending in 2016 records $2K and a lien entry. It is shown as historical context only.

Verify current balance with Philadelphia Revenue →

What stands out

From the public record
Finding

Torn down & rebuilt

Why it matters

Old house bought for $20K in 2018, demolished in 2012 and rebuilt (2018), then sold for $386K in 2019.

View supporting records →

What the record is signaling

Early patterns mined across this property's dated public records. Each flag shows what triggered it and where the inference stops.

watch signalAssessment/permit mismatch

The assessment jumped 150% in 2020, but no matching permit appears in the property timeline.

Evidence: assessment moved from $150,000 to $375,000 · no permit shown in 2019-2021

Limit: Not proof of unpermitted work; reassessment, corrected data, or a permit under another parcel can also explain it.

Transparent record rules, not a machine-learning forecast. A signal is a prompt to verify the cited record, 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

The current tax estimate is temporary

The taxable assessment implies about $1,328/yr under a 10-year abatement. It jumps to about $6,643/yr in 2029 — $5,315/yr more. Underwrite the post-abatement estimate and verify the actual bill with 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

When the abatement ends, file for Homestead

An abated home cannot also take the Homestead Exemption. From 2029 it can — knocking about $1,400/yr off the full bill.

$2,308 in the historical tax ledger through 2016

Historical context only, not a current payoff figure; that ledger also contains a lien entry. Verify today's balance and lien status directly with Philadelphia Revenue before relying on it.

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
$475K
built 2018
Price / sq ft
$378
block $155 · above block
Appreciation
+18884%
+61%/yr, city 6.5%
In 5 years (~2031)
~$489K
+61%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax / yr
$1K
0.28% effective, abated
Jun 2022 tax snapshot
—
Gross yield
1.9%
≈$769/mo rent
Times sold
2

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

$0$250K$500KBefore this chart — 2011: Inspection failed 2012: L&I: 1 failed, 4 passed 2012: Demolished2018: Land $20K 2018: Zoning/use 2018: New construction 2018: Suppression 2018: Electrical 2018: Electrical 2018: Mechanical 2018: Plumbing2019: Sold $386K$475K201620222027
This houseBlock median & rangeSaleLand buyPermit

The paper trail

Torn down & rebuilt

Old house bought for $20K in 2018, demolished in 2012 and rebuilt (2018), then sold for $386K in 2019.

  1. 2011 Inspection failedL&I visit
  2. 2012 L&I: 1 failed, 4 passedL&I visitDemolishedTeardown
  3. 2018 $20KLand buyZoning/usePermitNew constructionPermitSuppressionPermitElectricalPermitElectricalPermitMechanicalPermitPlumbingPermit
  4. 2019 $386KSold

Flags: tax-abated — the bill lags real value · historical tax ledger through 2016 recorded $2K with a lien entry. Informational only — not investment advice or a consumer report (FCRA).

The abatement clock

This house’s taxable assessment implies about $1,328/yr under a 10-year tax abatement. In 2029 the assessment-based estimate reaches ~$6,643/yr — a step up of $5,315/yr, 2 assessment years out. Drag the slider.

2016: ~$35/yr2017: ~$146/yr2018: ~$146/yr2019: ~$598/yr2020: ~$1,496/yr2021: ~$1,496/yr2022: ~$1,496/yr2023: ~$1,050/yr2024: ~$1,050/yr2025: ~$1,329/yr2026: ~$1,329/yr2027: ~$1,328/yr2028: ~$1,328/yr (projected)2029: ~$6,643/yr (projected)2030: ~$6,643/yr (projected)201620292030
2027~$1,328/yrestimated from assessment

now: ($474,600 assessed − $379,729 abated) × 1.3998% ≈ $1,328/yr 2029: $474,600 assessed × 1.3998% ≈ $6,643/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
4
Bathrooms
3
Stories
3
Interior
1,256 sqft
livable area
Lot
726 sqft
Basement
Full, unfinished
city code C
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 2347 N Hancock 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.

$475K
20%
6.875%
$775/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 from this parcel's record (with the abatement toggle above).

Block context

2347 N Hancock St sits on the 2300 block of N Hancock St. Open the block report to compare its parcels, ownership and public-record history.

See the whole block →

Next door: 2345 N Hancock St  ·  2349 N Hancock 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)