House report
500-06 Walnut St
3 bd · 3 ba · 1 story · 3,200 sqft · CMX4 · built 2017
Investor / LLC · assessed $4.0M. On the 500 block of Walnut St.
Reading this house's deeds, permits and assessments…
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.
Value vs. the block, over time
Flags: tax-abated — the bill lags real value · active rental license. Informational only — not investment advice or a consumer report (FCRA).
The abatement clock
This house pays about $4,479/yr under a 10-year tax abatement. In 2029 the bill reaches its full ~$55,992/yr — a step up of $51,513/yr, 2 assessment years out. Drag the slider.
Estimated from this parcel's assessment record (taxable vs. exempt split) at the 1.3998% millage and today's assessed value — reassessments will move it. Program inferred from when the exemption first appears (2019: pre-2022 flat 100% program). After expiry an owner-occupant can claim the Homestead Exemption (~$1,400/yr off); an abated home can't hold both.
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
Today's $4,479/yr reflects a 10-year abatement. It jumps to about $55,992/yr in 2029 — $51,513/yr more. Price the full bill, not the current one.
If you’re the landlord
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.
The house, on paper
The city assessor's field record — the physical spec sheet behind the assessed number.
OPA field-assessment attributes. Condition and grade are the assessor's codes, not an inspection.
Run the numbers
What owning 500-06 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.
When this house last sold (2017) a 30-year mortgage ran about 3.99% — Freddie Mac's average that year.
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).
Next door: 500-06 Walnut St · 500-06 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
- 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
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)