2026 taxable assessment $136,000 × 1.3998%. Estimate—not a bill or account balance.
OPA also publishes a 2027 assessment of $710,700; it is not the 2026 billed-year value.
House report
2404 Napoli Way
3 bd · 2 ba · 3 stories · 2,880 sqft · RSA5 · built 2021
Investor / LLC · assessed $680K (2026) · 2027 OPA assessment $711K · sold 1×. On the 2400 block of Napoli Way.
Property summary
Assessment$680,0002026 OPA assessment · 2027: $710,700
Last sale—No sale value available
Est. tax bill$1,904/year2026 taxable assessment · full-value scenario $9,519/year · basis and term unverified
Tax delinquencyNo 2022 matchNot proof account is current
Permits5Every fetched City permit
Violations0 openNo historical match in fetched records
“Open” reflects records available then historical records keep their source dates estimates are labeled
BlockReport AI · cited public records
Ask the questions this record raises.
Every choice opens the research chat with this property already in context. Curated questions are free.
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.
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 2624079002026 OPA taxes $136,000 of $680,000 assessed. The assessment fields alone do not identify a program, approval date, expiration, or buyer eligibility.
See the assessment math →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
This parcel did not match the June 2022 delinquency snapshot. That absence does not confirm the account is current today.
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 recordNew construction
Why it mattersBought for $626K in 2020, built new under a 2019 permit (reduced taxable assessment shown).
View supporting records →Records 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.
Assessment/permit mismatch
The assessment jumped 1006% in 2023, but no matching permit appears in the property timeline.
Evidence: assessment moved from $51,400 to $568,700 · no permit shown in 2022-2024
Limit: Not proof of unpermitted work; reassessment, corrected data, or a permit under another parcel can also explain it.
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
Verify the current tax bill and exemption
The 2026 taxable assessment implies about $1,904/yr, while applying the same rate to the full assessment would imply about $9,519/yr — $7,615/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.
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’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.
Who's behind it
Penrose Park Associates & LP · corporate / LLC owner
• Owns 2 properties across Philadelphia under this name, assessed at $1.4M combined
• Tax bills mail to 1750 Walton Rd, Blue Bell PA, 19422 — outside Philadelphia
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
$680,000
2026 billed-year assessment · 2027: $710,700 · built 2021
Price / sq ft
$247
block $241 · in line w/ block
Appreciation
+4723%
+47%/yr, city 6.5%
In 5 years (~2031)
~$728K
+47%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax bill / yr
$1,904
0.27% effective, reduced taxable assessment
Jun 2022 tax snapshot
No match
not proof the account is current
Gross yield
-1125650.8%
≈$-667M/mo rent
Times sold
1
Value vs. the block, over time — sales, permits & L&I events marked on the line
This houseBlock median & rangeLand buyPermit
Highlight
The paper trail
New constructionBought for $626K in 2020, built new under a 2019 permit (reduced taxable assessment shown).
- 2019 Zoning/usePermitNew ConstructionPermit
- 2020 New ConstructionPermitNew ConstructionPermitNew Construction or AdditionsPermit$626KLand buy
City record timeline
Every dated deed, permit, inspection, license, violation, certification, and appeal—together.
The timeline combines the report’s transfer history with every successfully fetched L&I and zoning row. A date or status is the City’s filed record, not a statement that the condition remains current; use the official file for live detail.
- Recorded owner
- Penrose Park Associates & LP
- L&I district
- SOUTH
- OPA account
- 262407900
What this record suggests
The City file documents 5 permits touching electrical work, plumbing. 5 carries a completed, issued, or approved status; that documents the filing, not the present quality of the work.
- PermitNew Construction or Additions
Permit PP-2020-008343 · Completed
For minor construction work at the subject property in accordance with all applicable provisions of the Philadelphia Code, all references codes and standards, and the attached EZ Standard, where included. Deviation from this standard shall result in permit revocation. A separate permit from the Philadelphia Department of Streets is required for any sidewalk and street closures. All means of pedestrian protection required at the site in accordance with the Philadelphia Building Code Chapter 33 shall be in place prior to start of work.
- PermitNew Construction
Permit EP-2020-005214 · Completed
Wire throughout a new single family dwelling: lights, receptacles, switches, TV's, phones, and interconnected smoke/CO detectors as per 2014 NEC (Service on permit, EP-2020-003118).
- PermitNew Construction
Permit 1044774 · Completed
INSTALL 100,000 BTU GAS FURNACE WITH ONE 4 TON ELEC A/C UNIT,INCLUDING DUCT WORK AND ALL ASSOCIATED ACCESSORIES
- Land recordLand record
2020
- PermitNew Construction
Permit 1028675 · Completed
3 STORY STRUCTURE WITH A MAXIMUM HEIGHT OF 35'. STRUCTURE INCLUDES A FRONT COVERED ENTRY WITH A MAXIMUM PROJECTION OF NOT MORE THAN 5' AND LANDING NOT TO EXCEED 36SF. ACCESSORY INTERIOR GARAGE WITH A MINIMUM PARKING SPACE OF 8.5'x18' AND A REAR BACK PORCH ON THE FIRST FLOOR AND ELEVATED DECK AT THE SECOND FLOOR.(SEE PLANS 1009352).
- PermitZoning/use
Permit 1001259 · COMPLETED
FOR THE ERECTION OF AN ATTACHED STRUCTURE( NTE 38' HIGH) WITH FRONT COVER ENTRANCE WAY; REAR DECK AT SECOND FLOOR AND OPEN PATIO AT FIRST FLOOR REAR FOR A SINGLE FAMILY HOUSEHOLD LIVING WITH ACCESSORY PARKING GARAGE FOR ONE(1) CAR ACCESSED BY A REAR SHARE DRIVEWAY .SIZE AND LOCATION AS SHOWN IN THE APPLICATION.
Free record guide
How Philadelphia’s property system works
These explainers are free because the record only helps if you know what it can—and cannot—prove. Use the linked City guidance for the controlling rule.
Permits and inspections 5 on this property
This property’s file includes ZP_ZON/USE, Residential Building, Mechanical, Electrical permit records. A permit documents authorized scope and a City process; it is not by itself proof that every described improvement was completed, remains in place, or meets today’s condition expectations.
L&I inspections are scheduled at defined stages; final inspection and required certifications are separate steps in closing out applicable work.
How construction and repair permits work ↗See City inspection stages by permit type ↗Assessments and taxes
The OPA assessment is the City’s value on the tax roll—not an asking price, appraisal, or live account balance. The taxable assessment can differ from the full assessment because the City roll records exemptions or other treatment; the report keeps those fields separate.
Your annual estimate uses the taxable assessment. Payments, credits, interest, and the amount due are maintained separately in Tax Center.
How the Office of Property Assessment works ↗Philadelphia property-tax guidance ↗Violations, cases, and status
L&I enforcement records can include warnings, notices, orders, inspections, and later resolution activity. A closed visit is still a historical record; it is not a missing event.
How L&I code enforcement works ↗City violation and order types ↗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 $1,904/year. Applying the same 1.3998% rate to the full assessed value would imply ~$9,519/year — $7,615/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: ($680,000 assessed − $543,981 exempt) × 1.3998% ≈ $1,904/yr
full-assessment scenario: $680,000 × 1.3998% ≈ $9,519/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
3
Bathrooms
2
Stories
3
Interior
2,880 sqft
livable area
Lot
2,008 sqft
Basement
Full, finished
city code A
Heat
Forced hot air
city code A
Central air
Yes
Garage
1 space
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 2404 Napoli Way 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.
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
2404 Napoli Way sits on the 2400 block of Napoli Way. Open the block report to compare its parcels, ownership and public-record history.
See the whole block →Next door: 2402 Napoli Way · 2406 Napoli Way
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
This report was assembled Jul 10, 2026, 2:33 AM 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. For this property: Permits: queried · Violations: queried · Investigations: queried · Appeals: queried · Licenses: queried · Building certifications: queried. “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.
Official city record ↗ · L&I history ↗ · See the whole block · Download this record (JSON)