New construction
Why it mattersbuilt new under a 2022 permit (tax-abated), sold for $1.1M in 2024.
View supporting records →House report
503 S 6th St
4 bd · 3 stories · 2,560 sqft · RM1 · built 2023
Owner-occupied · assessed $1.3M · sold 3×. On the 500 block of S 6th St.
Property summary
Assessment$1.3MCity assessed value
Last sale$1.1MRecorded 2024
Est. annual tax$4K/yearAssessment × 1.3998%
Tax delinquency—Snapshot unavailable
Permits7Dated events in report
ViolationsNone openNone open when assembled
“Open” reflects records available then historical records keep their source dates estimates are labeled
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What stands out
From the public recordWhat 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 $3,504/yr under a 10-year abatement. The estimate steps up every year and reaches about $17,523/yr in 2034 — $14,019/yr more. Underwrite the post-abatement estimate and verify the actual bill with Revenue.
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 own it
When the abatement ends, file for Homestead
An abated home cannot also take the Homestead Exemption. From 2034 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
$1.3M
built 2023
Price / sq ft
$489
block $304 · above block
Appreciation
-3%
-1%/yr, city 6.5%
In 5 years (~2031)
~$1.3M
-1%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax / yr
$4K
0.28% effective, abated
Jun 2022 tax snapshot
—
Gross yield
2%
≈$2K/mo rent
Times sold
3
kept in the family
Value vs. the block, over time — sales, permits & L&I events marked on the line
This houseBlock median & rangeSaleL&I violationPermit
The paper trail
New constructionbuilt new under a 2022 permit (tax-abated), sold for $1.1M in 2024.
- 2022 New ConstructionPermitNew Construction or AdditionsPermitNew Construction or AdditionsPermitNew Construction or AdditionsPermit
- 2023 New Construction or AdditionsPermitNew ConstructionPermitNew Construction or AdditionsPermitL&I violationL&IInspection passedL&I visit
- 2024 $1.1MSoldAppeal completeZoningInspection passedL&I visit
Flags: tax-abated — the bill lags real value · 6 zoning/board appeals on record · long-held within one family. Informational only — not investment advice or a consumer report (FCRA).
The abatement clock
This house’s taxable assessment implies about $3,504/yr under a 10-year tax abatement that steps down every year. In 2034 the assessment-based estimate reaches ~$17,523/yr — a step up of $14,019/yr, 7 assessment years out. Drag the slider.
now: ($1,251,800 assessed − $1,001,479 abated) × 1.3998% ≈ $3,504/yr
2034: $1,251,800 assessed × 1.3998% ≈ $17,523/yr
The abated slice shrinks ~10% a year (post-2022 program, started 2024) — 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
4
Stories
3
Interior
2,560 sqft
livable area
Lot
720 sqft
Basement
Full, finished
city code A
Heat
Forced hot air
city code A
Central air
Yes
Exterior condition
Newer construction
city code 1
Newer construction
Interior condition
Newer construction
city code 1
Newer construction
Zoning
RM1
city zoning code
Zoning appeals
6
complete 2024
OPA field-assessment attributes. Condition and grade are the assessor's codes, not an inspection.
Run the numbers
What owning 503 S 6th 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.
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
503 S 6th St sits on the 500 block of S 6th St. Open the block report to compare its parcels, ownership and public-record history.
See the whole block →Next door: 505 S 6th St · 507 S 6th 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.
Official city record ↗ · L&I history ↗ · See the whole block · Download this record (JSON)