Public Records
Edition
Philadelphia2700 block of Commerce WayJuly 9, 2026

House report

2722 Commerce Way

1 story · 100,000 sqft · I1 · built 2005

Owner-occupied · assessed $11M. On the 2700 block of Commerce Way.

Street view of 2722 Commerce Way
From the street — imagery © Google
From above — imagery © Esri, Maxar
The story of this houseAI · written from the public record

Reading this house's deeds, permits and assessments…

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 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.

$33,538 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.

Construction next door (2727 Commerce Way, 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 analyst below to dig into any number.

Assessed value
$11M
built 2005
Price / sq ft
$113
block $92 · above block
Appreciation
+116%
+7%/yr, city 6.5%
In 5 years (~2031)
~$11M
+7%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax / yr
$157K
1.4% effective
Gross yield
Times sold
0

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

$0$10M$20MBefore this chart — 2009: Electrical$11M201620222027
This houseBlock median & rangePermit
The paper trail

Owner pulled a electrical permit in 2009.

  1. 2009 ElectricalPermit

Flags: $34K back taxes. 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.

Stories
1
Interior
100,000 sqft
livable area
Lot
316,665 sqft
Exterior condition
Above average
city code 3
Interior condition
Above average
city code 3
Quality grade
B
assessor's grade
Zoning
I1
city zoning code

OPA field-assessment attributes. Condition and grade are the assessor's codes, not an inspection.

Run the numbers

What owning 2722 Commerce Way 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.

$16M
20%
6.875%
$81K/mo

When this house last sold (2026) a 30-year mortgage ran about 6.6% — 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.

Next door: 2710 Commerce Way  ·  2708 Commerce Way

Where this comes from

City datasets are fetched live from OpenDataPhilly (phl.carto.com) and cached briefly. 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)