2026 taxable assessment $88,000 × 1.3998%. Estimate—not a bill or account balance.
OPA also publishes a 2027 assessment of $393,800; it is not the 2026 billed-year value.
House report
2527 Nicholas St
3 stories · 1,790 sqft · RSA5 · built 2022
Investor / LLC · assessed $440K (2026) · 2027 OPA assessment $394K · sold 4×. On the 2500 block of Nicholas St.
Property summary
Assessment$440,0002026 OPA assessment · 2027: $393,800
Last sale$102KRecorded 2021
Est. tax bill$1,232/year2026 taxable assessment · full-value scenario $6,159/year · basis and term unverified
Tax delinquencyNo 2022 matchNot proof account is current
Permits7Every fetched City permit
Violations0 open13 historical across 7 cases
“Open” reflects records available then historical records keep their source dates estimates are labeled
BlockReport AI · cited public records
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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 3240314002026 OPA taxes $88,000 of $440,000 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 recordTorn down & rebuilt
Why it mattersOld house bought for $15K in 2020, demolished in 2018 and rebuilt (2021).
View supporting records →City Property History
Fetched L&I and zoning records
Every row successfully fetched for this report is counted below. Dataset availability and matching can differ from the City's interactive file; use the official link for current detail.
- Recorded owner
- 2527 Nicholas LLC
- Tax mailing address
- 1611 W MONTGOMERY AVE, PHILADELPHIA PA, 19121
- L&I district
- NORTH
- Building ID (BIN)
- —
- OPA account
- 324031400
Permits7Every dated permit
Violation cases713 violation records · 0 open
Investigations2514 failed · 0 passed · 11 closed
Building certifications0No match
Business licenses0No match
Appeals0No match
PermitsPermit number, issued date, work and City status7
DemolitionPermit 878307
May 22, 2018 COMPLETED Completed Jul 2, 2018
FOR THE COMPLETE DEMO OF A VACANT SFD AS PART OF THE CITY OF PHILADELPHIA DEPT. OF LICENSES & INSPECTIONS DEMOLITION PROGRAM. ADDITIONAL SPECS:1 STUCCO C/W 2529 NICHOLAS ST.
New construction, addition, GFA changePermit ZP-2020-010364
Feb 4, 2021 Completed Completed Feb 24, 2023
For the erection of an attached structure with roof deck and roof deck access structure. Size and location as shown on application/plan.
New ConstructionPermit RP-2020-016051
May 20, 2021 Completed Completed Feb 24, 2023
FOR THE ERECTION OF AN ATTACHED THREE (3) STORY WOOD-FRAMED STRUCTURE OF TYPE VB CONSTRUCTION WITH CELLAR, ROOF DECK, AND ROOF DECK ACCESS STRUCTURE FOR USE AS A SINGLE-FAMILY DWELLING. BUILDING TO BE FULLY SPRINKLERED WITH A MINIMUM OF A NFPA 13D AUTOMATIC SPRINKLER SYSTEM. SEPARATE PERMITS REQUIRED FOR ELECTRICAL, MECHANICAL, PLUMBING, AND FIRE SUPPRESSION WORK. ENERGY CODE COMPLIANCE IN ACCORDANCE WITH 2015 IECC. PRIOR TO ISSUANCE OF C.O., SUBMITTAL OF AIR BARRIER CHECKLIST AND ENVELOPE TESTING CERTIFICATE IS REQUIRED. BOTH TO BE COMPLETED BY AN APPROVED PARTY. PROTECTION OF PEDESTRIANS, PUBLIC RIGHT-OF-WAY, AND ADJACENT PROPERTIES REQUIRED AT ALL TIMES.
New ConstructionPermit EP-2021-010219
Sep 14, 2021 Completed Completed Jan 30, 2023
200 amp service with 40 circuits wire through 3 story house Install decora devices switches, receptacles, smokes, 4" LED recessed lights and arc fault breakers according to AS PER NEC 2014
New ConstructionPermit MP-2021-001458
Nov 1, 2021 Completed Completed Sep 14, 2022
EZ PERMIT DUCTWORK & WARM-AIR APPLIANCES- For the installation if New Ductwork, Registers/Grilles/Diffusers, and Warm-Air Appliances as per attached standards. Deviations from these standards require submission of construction and site plans. Mechanical / Fuel Gas Permit for combo RP-2020-016051.
New Construction or AdditionsPermit PP-2021-024083
Dec 16, 2021 Completed Completed Feb 24, 2023
INSTALL 3 TOILETS 3 LAVATORY 3 TUBS 1 KITCHEN SINK 1 LAUDRY SINK 1 WATER HEATER INSTALL A 1 INCH WATER COMBO 6 INCH SEWER COMBO PPC 2018
New ConstructionPermit FP-2021-003084
Dec 20, 2021 Completed Completed Feb 24, 2023
FOR THE INSTALLATION OF A FIRE SUPPRESSION SYSTEM IN ACCORDANCE WITH NFPA 2013, STANDARD 13D TO INCLUDE A ONE (1)-INCH COMBINED SERVICE LINE.
Violation cases13 individual violation records; resolved history remains visible7
Case 108219CLOSED
Opened Apr 10, 2007 · completed Aug 19, 2009
- WALL PARTIALLY COLLAPSEDViolation 539066Apr 10, 2007 COMPLIED
Case 252308CLOSED
UNSAFE · Opened Sep 21, 2010 · completed Jan 31, 2018
- WALL PARTIALLY COLLAPSEDViolation 4359766Sep 21, 2010 DEMOLISH
Case 359071CLOSED
STANDARD · Opened Nov 9, 2012 · completed Jul 2, 2018
- LICENSE-VAC RES BLDGViolation 2699928Nov 8, 2012 COMPLIED
Case 359073CLOSED
STANDARD · Opened Nov 9, 2012 · completed Dec 17, 2012
- VACANT PROP STANDARDViolation 2636448Nov 8, 2012 COMPLIED
- VACANT BLDG UNSECURED COUNTViolation 2636449Nov 8, 2012 COMPLIED
Case 422698CLOSED
STANDARD · Opened Mar 19, 2014 · completed May 6, 2014
- VACANT PROP STANDARDViolation 3115725Mar 19, 2014 COMPLIED
Case 620723CLOSED
IMMINENTLY DANGEROUS · Opened Jan 31, 2018 · completed Jun 10, 2019
- EXTERIOR STRUCT UNSAFE COND 9Violation 4636677Jan 31, 2018 COMPLIED
- ID STRUCTUREViolation 4636674Jan 31, 2018 COMPLIED
- ARCHITECT/ENGINEER SERVICESViolation 4636673Jan 31, 2018 COMPLIED
- EXTERIOR STRUCT UNSAFE COND 8Violation 4636676Jan 31, 2018 COMPLIED
- EXTERIOR STRUCT UNSAFE COND 7Violation 4636675Jan 31, 2018 COMPLIED
Case 709610CLOSED
STANDARD · Opened Oct 1, 2019 · completed Nov 20, 2019
- CLIP VIOLATION NOTICEViolation 5200651Oct 1, 2019 COMPLIED
- EXT A-VACANT LOT CLEAN/MAINTAIViolation 5200652Oct 1, 2019 COMPLIED
InvestigationsEvery inspector visit, including CLOSED outcomes25
CSUINITIALCase 108219
Apr 10, 2007 CLOSED
CSUINITIALCase 252308
Sep 21, 2010 FAILED
CSUINITIALCase 252308
Oct 25, 2010 FAILED
CSUINITIALCase 252308
Feb 24, 2012 FAILED
HCEU INSPCase 359073
Nov 8, 2012 FAILED
HCEU INSPCase 359073
Dec 14, 2012 CLOSED
CSUINITIALCase 252308
Jul 20, 2013 FAILED
HCEU INSPCase 422698
Mar 19, 2014 FAILED
HCEU INSPCase 422698
Mar 19, 2014 CLOSED
CSUINITIALCase 252308
Jun 17, 2015 FAILED
CSUINITIALCase 252308
Jul 17, 2015 FAILED
CSUINITIALCase 252308
Aug 18, 2015 FAILED
CSUINITIALCase 252308
Sep 29, 2015 FAILED
CSUINITIALCase 252308
Dec 14, 2015 FAILED
CSUINITIALCase 252308
Oct 6, 2016 FAILED
CSUINITIALCase 252308
Apr 29, 2017 FAILED
CSUINITIALCase 252308
Jun 22, 2017 FAILED
HCEU INSPCase 359071
Jul 2, 2018 CLOSED
CSUINITIALCase 620723
Jul 2, 2018 CLOSED
CSUINITIALCase 620723
Jul 2, 2018 CLOSED
CSUINITIALCase 620723
Jul 2, 2018 CLOSED
PRECOURTCase 620723
Jul 2, 2018 CLOSED
PRECOURTCase 359071
Jul 2, 2018 CLOSED
HCEU INSPCase 359071
Jul 2, 2018 CLOSED
HCEU INSPCase 359071
Jul 2, 2018 CLOSED
Building certificationsInspection result and filed expiration date by L&I building ID0
No building certifications matched this parcel in the fetched City dataset.
Business licensesHistorical and active licenses are both retained0
No business licenses matched this parcel in the fetched City dataset.
AppealsApplication status and decision are separate City fields0
No appeals matched this parcel in the fetched City dataset.
City of Philadelphia OPA, L&I and Zoning Board records, shown as filed. A CLOSED investigation is an outcome label, not a missing visit; an appeal's application status and decision may differ.
Legal due diligence
What this record proves—and what it does not.
These checks are triggered by this property’s actual City rows. They identify the controlling document to verify; they do not declare a use legal, a building safe, or title clear.
1 resolve before relying
2 verify
Resolve before relyingAn unsafe-building history still deserves the repair fileThe fetched record shows 0 open and 13 historical violations across 7 cases.
Why it mattersThe aggregate currently shows zero open violations, so a historical unsafe/imminently-dangerous row is not a current hazard finding. The repair or demolition permit, final inspection, and case closure are the evidence that resolves the former designation.
Verify nextReview the Make Safe/repair permit, final inspection, and case closure.
Open the controlling City guidance ↗VerifyFailed inspections are dated events—not the current condition14 failed, 0 passed, and 11 CLOSED investigation outcomes are in the fetched history; the latest dated visit was CLOSED on Jul 2, 2018.
Why it mattersA PASSED or FAILED value applies to that inspection visit. CLOSED is a separate source status; none of the three alone proves the parent permit or violation case closed—or describes today’s condition.
Verify nextOpen the parent case/permit for each material failure and confirm its later disposition.
Open the controlling City guidance ↗VerifyA reduced taxable assessment is not a verified abatementOPA’s numeric assessment fields show a reduced taxable assessment; BlockReport has no official program determination for this parcel.
Why it mattersThe numeric treatment can reflect an improvement abatement or another exemption. It does not identify the ordinance, approval, start or end date, or continuation requirements after a transfer. Once OPA verifies a specific active abatement, many common programs attach the benefit to the property for the remaining term rather than ending automatically at sale, but some require a new-owner filing and continued qualifying use or tax compliance.
Verify nextObtain the OPA exemption/abatement determination and history, then underwrite the buyer’s bill from the verified program terms.
Open the controlling City guidance ↗Closing file: checks no public-record summary can replace5 documents/searches to assign before settlement
Property Sales Certification
The seller must obtain Philadelphia’s certificate showing the base zoning, last use in the zoning record, and open violations. The City warns that it does not prove Building Code occupancy or show zoning overlays.
Next: Obtain the fresh certificate and compare it with the CO, permits, and Atlas overlays.
Official guidance ↗Date-effective City Property Payoff
The Tax Center Property Payoff covers Real Estate Tax, Commercial Trash, and L&I abatement-work invoices. Philadelphia says it does not include business-tax debts or liens, water and sewer charges, or fines for code violations.
Next: Request the City statement effective through settlement; read every period and invoice.
Official guidance ↗Professional title and water-lien searches
OPA ownership, deed summaries, and a zero tax balance are not clear title. Mortgages, judgments, municipal claims, water liens, easements, heirs, and other encumbrances require separate searches.
Next: Use a Pennsylvania lawyer/title company and obtain owner’s title insurance; order the separate water search/payoff.
Official guidance ↗Separate water-lien guidance ↗Seller-specific tax relief is not the buyer’s bill
LOOP and low-income or senior Real Estate Tax freezes depend on the qualifying owner and continued program eligibility; a buyer cannot assume the seller’s capped or frozen bill continues. A separately verified property abatement often remains with the property for its remaining term, but program-specific new-owner filing, use, and tax-compliance conditions still must be confirmed—not inferred from the reduced assessment alone.
Next: Have Revenue or OPA identify every current benefit, model the buyer’s bill without seller-specific relief, and confirm any verified abatement in writing.
Official guidance ↗Separate water-lien guidance ↗Seller disclosure and independent inspections
For a covered Pennsylvania residential transfer, obtain the statutory seller disclosure. It reports the seller’s knowledge; it is not a warranty, title search, code review, or substitute for inspections.
Next: Have the agreement and disclosure reviewed for this transaction’s coverage and exceptions.
Official guidance ↗Informational only—not a legal opinion, title report, code inspection, tax payoff, or substitute for a Pennsylvania lawyer, title company, inspector, or tax professional.
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 7233% in 2023, but no matching permit appears in the property timeline.
Evidence: assessment moved from $6,000 to $440,000 · 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 $1,232/yr, while applying the same rate to the full assessment would imply about $6,159/yr — $4,927/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
2527 Nicholas LLC · corporate / LLC owner
• Owns 2 properties across Philadelphia under this name, assessed at $436K combined
• Tax bills mail to 1611 W Montgomery Ave, Philadelphia PA, 19121
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
$440,000
2026 billed-year assessment · 2027: $393,800 · built 2022
Price / sq ft
$220
block $132 · above block
Appreciation
+3900%
+45%/yr, city 6.5%
In 5 years (~2031)
~$403K
+45%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax bill / yr
$1,232
0.31% effective, reduced taxable assessment
Jun 2022 tax snapshot
No match
not proof the account is current
Gross yield
-2031488.1%
≈$-667M/mo rent
Times sold
4
Value vs. the block, over time — sales, permits & L&I events marked on the line
This houseBlock median & rangeLand buyTeardownL&I violation
The paper trail
Torn down & rebuiltOld house bought for $15K in 2020, demolished in 2018 and rebuilt (2021).
- 2018 5 L&I violations incl EXTERIOR STRUCT UNSAFE COND 9L&IDemolishedTeardown
- 2019 2 L&I violationsL&I
- 2020 $15KLand buy$80KLand buy
- 2021 New construction, addition, GFA changePermitNew ConstructionPermit$102KLand buyNew ConstructionPermitNew ConstructionPermitNew Construction or AdditionsPermitNew ConstructionPermit
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 $1,232/year. Applying the same 1.3998% rate to the full assessed value would imply ~$6,159/year — $4,927/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: ($440,000 assessed − $351,987 exempt) × 1.3998% ≈ $1,232/yr
full-assessment scenario: $440,000 × 1.3998% ≈ $6,159/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.
Stories
3
Interior
1,790 sqft
livable area
Lot
756 sqft
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 2527 Nicholas 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 (2021) a 30-year mortgage ran about 2.96% — 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 use this parcel's taxable assessment with an optional full-assessment stress test, not a live Tax Center balance.
Block context
2527 Nicholas St sits on the 2500 block of Nicholas St. Open the block report to compare its parcels, ownership and public-record history.
See the whole block →Next door: 2525 Nicholas St · 2529 Nicholas 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
This report was assembled Jul 10, 2026, 1:56 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)