New construction
Why it mattersBought for $1K in 2020, built new under a 2020 permit (tax-abated), sold for $250K in 2021.
View supporting records →House report
2701 Earp St
3 bd · 1 ba · 2 stories · 1,248 sqft · built 2021
Owner-occupied · assessed $250K · sold 2×. On the 2700 block of Earp St.
Property summary
Assessment$250KCity assessed value
Last sale$250KRecorded 2021
Est. taxes$700/yearAnnual city record
Permits7Shown in this report
ViolationsNone openNo open L&I cases
What stands out
From the public recordWhat 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 tax bill is temporary
Today's $700/yr reflects a 10-year abatement. It jumps to about $3,500/yr by 2026 — $2,800/yr more. Price the full bill, not the current one.
If you own it
When the abatement ends, file for Homestead
An abated home cannot also take the Homestead Exemption. From 2026 it can — knocking about $1,400/yr off the full bill.
$280 in back taxes on record
Interest and penalties keep compounding until a Revenue payment agreement is in place — an owner-occupant agreement also stops the sheriff-sale track.
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
$250K
built 2021
Price / sq ft
$200
block $193 · in line w/ block
Appreciation
+2647%
+35%/yr, city 6.5%
In 5 years (~2031)
~$254K
+35%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax / yr
$700
0.28% effective, abated
Gross yield
-3200000%
≈$-667M/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 violationPermit
The paper trail
New constructionBought for $1K in 2020, built new under a 2020 permit (tax-abated), sold for $250K in 2021.
- 2013 2 L&I violationsL&I
- 2016 2 L&I violationsL&I
- 2020 Zoning/usePermit$1KLand buyNew ConstructionPermitNew ConstructionPermitNew ConstructionPermitNew ConstructionPermitNew ConstructionPermitNew Construction or AdditionsPermit
- 2021 $250KSold
Flags: tax-abated — the bill lags real value · $280 back taxes. Informational only — not investment advice or a consumer report (FCRA).
The abatement clock
This house pays about $700/yr under a 10-year tax abatement. By 2026 the bill reaches its full ~$3,500/yr — a step up of $2,800/yr. Drag the slider.
now: ($250,000 assessed − $199,993 abated) × 1.3998% ≈ $700/yr
2026: $250,000 assessed × 1.3998% ≈ $3,500/yr
Flat 100% exemption (pre-2022 program, started 2016), 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
3
Bathrooms
1
Stories
2
Interior
1,248 sqft
livable area
Lot
800 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
OPA field-assessment attributes. Condition and grade are the assessor's codes, not an inspection.
Run the numbers
What owning 2701 Earp St takes, at your price and your rate. Taxes are this house's actual bill from the city record; 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 from this parcel's record (with the abatement toggle above).
Block context
2701 Earp St sits on the 2700 block of Earp St. Open the block report to compare its parcels, ownership and public-record history.
See the whole block →Next door: 2703 Earp St · 2705 Earp 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
- Back taxes & liens — Real Estate Tax Balances, Dept. of 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
City datasets are fetched live from OpenDataPhilly (phl.carto.com) and cached briefly. Dossiers re-pull automatically — on view once they're a few weeks old, plus a nightly rolling sweep — 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.
First time here?
This is 2701 Earp St,
on paper.
Built 2021. Every deed, permit, L&I visit, tax bill and sale for this house — plus its whole block.
No signup, no teaser
The whole record is free.
Permits, violations, taxes, deeds, ownership, and block context are all here. The public record is free to read; membership is for deeper research.
Three taps, you're oriented
What to catch on the way down.
On the way down: the story of the house, its paper trail drawn on the value chart, and run-the-numbers, a calculator seeded with this house's actual tax bill.
Official city record ↗ · L&I history ↗ · See the whole block · Download this record (JSON)