The Block ReportBlockReport

House report

3465 W Penn St

3 bd · 2 stories · 2,060 sqft · RSA5 · built 2017

Owner-occupied · assessed $580K · sold 3×. On the 3400 block of W Penn St.

Street view of 3465 W Penn St
From the street — imagery © Google
From above — imagery © Esri, Maxar

Property summary

Assessment$580KCity assessed value Last sale$669KRecorded 2017 Est. taxes$5K/yearAnnual city record Permits8Shown in this report ViolationsNone openNo open L&I cases

What stands out

From the public record
Finding

New construction

Why it matters

Bought for $650K in 2016, built new under a 2017 permit (tax-abated), sold for $669K in 2017.

View supporting records →

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 $4,870/yr reflects a 10-year abatement. It jumps to about $8,117/yr in 2028 — $3,247/yr more. Price the full bill, not the current one.

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

When the abatement ends, file for Homestead

An abated home cannot also take the Homestead Exemption. From 2028 it can — knocking about $1,400/yr off the full bill.

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
$580K
built 2017
Price / sq ft
$282
block $311 · below block
Appreciation
-12%
-1%/yr, city 6.5%
In 5 years (~2031)
~$579K
-1%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax / yr
$5K
0.84% effective, abated
Gross yield
—
Times sold
3
kept in the family

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

$0$500K$1.0M2016: Land $650K2017: Electrical 2017: Suppression 2017: Mechanical 2017: Major alteration 2017: Sold $669K 2017: 4 L&I violations2018: Plumbing2019: Appeal approved 2019: Suppression 2019: Administrative2023: Wall Covering Replacement$580K201620222027
This houseBlock median & rangeSaleLand buyZoningPermit

The paper trail

New construction

Bought for $650K in 2016, built new under a 2017 permit (tax-abated), sold for $669K in 2017.

  1. 2016 $650KLand buy
  2. 2017 ElectricalPermitSuppressionPermitMechanicalPermitMajor alterationPermit$669KSold4 L&I violationsL&I
  3. 2018 PlumbingPermit
  4. 2019 Appeal approvedZoningSuppressionPermitAdministrativePermit
  5. 2023 Wall Covering ReplacementPermit

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 $4,870/yr under a 10-year tax abatement. In 2028 the bill reaches its full ~$8,117/yr — a step up of $3,247/yr, 1 assessment year out. Drag the slider.

2018: ~$1,291/yr2019: ~$1,291/yr2020: ~$1,721/yr2021: ~$1,721/yr2022: ~$1,721/yr2023: ~$2,094/yr2024: ~$2,094/yr2025: ~$2,594/yr2026: ~$2,594/yr2027: ~$4,870/yr2028: ~$8,117/yr (projected)2029: ~$8,117/yr (projected)201820282029
2027~$4,870/yrfrom the record

now: ($579,900 assessed − $231,993 abated) × 1.3998% ≈ $4,870/yr 2028: $579,900 assessed × 1.3998% ≈ $8,117/yr Flat 100% exemption (pre-2022 program, started 2018), 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
Stories
2
Interior
2,060 sqft
livable area
Lot
1,484 sqft
Basement
Full, semi-finished
city code B
Central air
Yes
Garage
1 space
Exterior condition
Above average
city code 3
Interior condition
Above average
city code 3
Quality grade
B+
assessor's grade
Zoning
RSA5
city zoning code
Zoning appeals
1
approved 2019

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

Run the numbers

What owning 3465 W Penn 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.

$580K
20%
6.875%
$4K/mo

When this house last sold (2017) a 30-year mortgage ran about 3.99% — 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

3465 W Penn St sits on the 3400 block of W Penn St. Open the block report to compare its parcels, ownership and public-record history.

See the whole block →

Next door: 3463 W Penn St  ·  3467 W Penn St

Where this comes from

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.

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