New construction
Why it mattersbuilt new under a 2019 permit (tax-abated).
View supporting records →House report
3406-46 Walnut St
391,440 sqft · SPINS · built 1960
Absentee individual · assessed $154M. On the 3400 block of Walnut St.
Property summary
Assessment$154MCity assessed value
Last sale—No sale value available
Est. annual tax$0/yearAssessment × 1.3998%
Tax delinquencyNo 2022 matchNot proof account is current
Permits7Shown in this report
ViolationsNone openNo open L&I cases
What stands out
From the public recordWhat 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.
Recent transition activity
The property has an unusually active paper trail worth monitoring for the next permit, inspection, deed, or listing.
Evidence: 4 permit events since 2023 · 1 zoning/board appeal since 2023
Limit: Record activity alone does not establish that a sale or redevelopment is planned.
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 tax bill is temporary
Today's $0/yr reflects a 10-year abatement. It jumps to about $2,154,267/yr by 2026 — $2,154,267/yr more. Price the full bill, not the current one.
Built 1960: lead rules apply
Federal law requires a lead-paint disclosure at sale for any pre-1978 home. If it will be rented, Philadelphia also requires a lead-safe or lead-free certificate before a rental license can issue.
The last transfer was not a sale
The most recent recorded deed moved for nominal consideration, within one family. That is where tangled-title problems live — budget a real title search. (Occupants untangling an inherited deed can get help from the city's Tangled Title Fund.)
If you’re the landlord
No active rental license on file
If this property is rented, Philadelphia requires a Rental License (via eCLIPSE) — without it a landlord cannot legally collect rent or evict, and tenants can withhold. Licensing needs tax clearance and no open violations.
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
$154M
built 1960
Price / sq ft
$393
block $389 · in line w/ block
Appreciation
+7%
+1%/yr, city 6.5%
In 5 years (~2031)
~$154M
+1%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax / yr
—
Jun 2022 tax snapshot
No match
not proof the account is current
Gross yield
—
Times sold
0
kept in the family
Value vs. the block, over time — sales, permits & L&I events marked on the line
This houseBlock median & rangeZoningPermit
The paper trail
New constructionbuilt new under a 2019 permit (tax-abated).
- 2019 Addition and/or AlterationPermit
- 2020 Addition and/or AlterationPermit
- 2021 Addition and/or AlterationPermit
- 2023 Appeal approvedZoningAddition and/or AlterationPermit
- 2024 Addition and/or AlterationPermitAddition and/or AlterationPermit
- 2026 Addition and/or AlterationPermit
Flags: tax-abated — the bill lags real value · 1 zoning/board appeal on record · long-held within one family. Informational only — not investment advice or a consumer report (FCRA).
The abatement clock
This house pays about $0/yr under a 10-year tax abatement. By 2026 the bill reaches its full ~$2,154,267/yr — a step up of $2,154,267/yr. Drag the slider.
now: ($153,898,200 assessed − $153,898,200 abated) × 1.3998% ≈ $0/yr
2026: $153,898,200 assessed × 1.3998% ≈ $2,154,267/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.
Interior
391,440 sqft
livable area
Lot
75,047 sqft
Exterior condition
Above average
city code 3
Above averageBelow average
Interior condition
Above average
city code 3
Above averageBelow average
Quality grade
A+
assessor's grade
ABCDE
Zoning
SPINS
city zoning code
Zoning appeals
1
approved 2023
OPA field-assessment attributes. Condition and grade are the assessor's codes, not an inspection.
Run the numbers
What owning 3406-46 Walnut 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.
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
3406-46 Walnut St sits on the 3400 block of Walnut St. Open the block report to compare its parcels, ownership and public-record history.
See the whole block →Next door: 3400-04 Walnut St · 3401-39 Walnut 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
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.
First time here?
This is 3406-46 Walnut St,
on paper.
Built 1960. 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)