The Block Report

House report

341 Master St

3 bd · 2 ba · 3 stories · 1,164 sqft · RSA5 · built 1920

Investor / LLC · assessed $367K · sold 1×. On the 300 block of Master St.

Property summary

Assessment$367KCity assessed value Last sale$95KRecorded 2020 Est. annual tax$2K/yearAssessment × 1.3998% Tax delinquency$45City snapshot · Jun 2022 Permits4Dated events in report ViolationsNone openNone open when assembled

“Open” reflects records available then historical records keep their source dates estimates are labeled

BlockReport AI · cited public records

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Street view of 341 Master St
From the street — imagery © Google
From above — imagery © Esri, Maxar

Verify the current balance before relying on it.

$45 was recorded for this parcel in Philadelphia's June 2022 delinquency snapshot. That amount may have been paid, reduced, or increased since; it is not a current payoff figure.

Verify current balance with Philadelphia Revenue →

What stands out

From the public record

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.

Dated record flagAssessment/permit mismatch

The assessment jumped 122% in 2023, but no matching permit appears in the property timeline.

Evidence: assessment moved from $166,900 to $370,000 · 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

The current tax estimate is temporary

The taxable assessment implies about $1,667/yr under a 10-year abatement. The estimate steps up every year and reaches about $5,139/yr in 2033 — $3,472/yr more. Underwrite the post-abatement estimate and verify the actual bill with Revenue.

Built 1920: 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.

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 own it

$45 in the June 2022 delinquency snapshot

The City recorded this amount in June 2022. It may since have been paid, reduced, or increased; verify the current balance directly with Philadelphia Revenue.

If you’re the landlord

Lead certificate is not optional

Built 1920: every rental unit needs a lead-safe or lead-free certificate on file with the City. Without one: fines up to $2,000/day per unit, tenants may withhold rent, courts can order rent refunded — and no eviction will stand.

Licensed rental — keep it that way

Renewal requires city tax clearance and zero open L&I violations on the property. A lapsed license suspends the right to collect rent or evict.

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.

Who's behind it

341 Master LLC · corporate / LLC owner

• Owns 2 properties across Philadelphia under this name, assessed at $746K combined
• Tax bills mail to Po Box 8113, Philadelphia PA, 19101
• Holds an active rental license for this address

PA corporate registry ↗OpenCorporates ↗City record ↗

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
$367K
built 1920
Price / sq ft
$315
block $264 · above block
Appreciation
+389%
+16%/yr, city 6.5%
In 5 years (~2031)
~$370K
+16%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax / yr
$2K
0.45% effective, abated
Jun 2022 tax snapshot
$45
delinquency recorded then · verify current
Gross yield
6.7%
≈$2K/mo rent
Times sold
1
licensed rental

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

$0$250K$500K2020: Sold $95K 2020: L&I violation 2020: Inspection failed 2020: Addition and/or Alteration 2020: Alterations 2020: Addition and/or Alteration2021: Addition and/or Alterations 2021: Inspection passed$367K201620222027
This houseBlock median & rangeSalePermit

The paper trail

New construction

built new under a 2020 permit (tax-abated), sold for $95K in 2020.

  1. 2020 $95KSoldL&I violationL&IInspection failedL&I visitAddition and/or AlterationPermitAlterationsPermitAddition and/or AlterationPermit
  2. 2021 Addition and/or AlterationsPermitInspection passedL&I visit

Flags: tax-abated — the bill lags real value · active rental license · $45 recorded in the June 2022 delinquency snapshot — verify current balance. Informational only — not investment advice or a consumer report (FCRA).

The abatement clock

This house’s taxable assessment implies about $1,667/yr under a 10-year tax abatement that steps down every year. In 2033 the assessment-based estimate reaches ~$5,139/yr — a step up of $3,472/yr, 6 assessment years out. Drag the slider.

2016: ~$1,050/yr2017: ~$1,050/yr2018: ~$1,050/yr2019: ~$2,353/yr2020: ~$2,336/yr2021: ~$2,336/yr2022: ~$2,336/yr2023: ~$1,680/yr2024: ~$1,680/yr2025: ~$1,790/yr2026: ~$1,790/yr2027: ~$1,667/yr2028: ~$2,246/yr (projected)2029: ~$2,824/yr (projected)2030: ~$3,403/yr (projected)2031: ~$3,982/yr (projected)2032: ~$4,560/yr (projected)2033: ~$5,139/yr (projected)2034: ~$5,139/yr (projected)201620332034
2027~$1,667/yrestimated from assessment

now: ($367,100 assessed − $248,012 abated) × 1.3998% ≈ $1,667/yr 2033: $367,100 assessed × 1.3998% ≈ $5,139/yr The abated slice shrinks ~10% a year (post-2022 program, started 2023) — 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
2
Stories
3
Interior
1,164 sqft
livable area
Lot
492 sqft
Basement
Full, unfinished
city code C
Heat
Forced hot air
city code A
Central air
Yes
Exterior condition
New / rehabbed
city code 2
New / rehabbed
Interior condition
New / rehabbed
city code 2
New / rehabbed
Quality grade
C
assessor's grade
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 341 Master 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.

$367K
20%
6.875%
$2K/mo

When this house last sold (2020) a 30-year mortgage ran about 3.1% — 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

341 Master St sits on the 300 block of Master St. Open the block report to compare its parcels, ownership and public-record history.

See the whole block →

Next door: 339 Master St  ·  343 Master St

Where this comes from
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.

Official city record ↗  ·  L&I history ↗  ·  See the whole block  ·  Download this record (JSON)