New construction
Why it mattersbuilt new (tax-abated), sold for $165K in 2023.
View supporting records →House report
5050 Walnut St
3 stories · 2,880 sqft · RM1 · built 1915
Owner-occupied · assessed $448K · sold 1×. On the 5000 block of Walnut St.
Property summary
Assessment$448KCity assessed value
Last sale$165KRecorded 2023
Est. annual tax$2K/yearAssessment × 1.3998%
Tax delinquency$3KCity snapshot · Jun 2022
Permits0Dated 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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Historical tax record
Verify the current balance before relying on it.
$3K 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 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 $1,508/yr under a 10-year abatement. It jumps to about $6,275/yr by 2026 — $4,767/yr more. Underwrite the post-abatement estimate and verify the actual bill with Revenue.
Built 1915: 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. 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 2026 it can — knocking about $1,400/yr off the full bill.
$2,799 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 1915: 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.
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
$448K
built 1915
Price / sq ft
$156
block $157 · in line w/ block
Appreciation
+119%
+7%/yr, city 6.5%
In 5 years (~2031)
~$450K
+7%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax / yr
$2K
0.34% effective, abated
Jun 2022 tax snapshot
$3K
delinquency recorded then · verify current
Gross yield
—
Times sold
1
licensed rental
Value vs. the block, over time — sales, permits & L&I events marked on the line
This houseBlock median & rangeSale
The paper trail
New constructionbuilt new (tax-abated), sold for $165K in 2023.
- 2023 $165KSold
Flags: tax-abated — the bill lags real value · active rental license · $3K 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 $1,508/yr under a 10-year tax abatement. By 2026 the assessment-based estimate reaches ~$6,275/yr — a step up of $4,767/yr. Drag the slider.
now: ($448,300 assessed − $340,570 abated) × 1.3998% ≈ $1,508/yr
2026: $448,300 assessed × 1.3998% ≈ $6,275/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.
Stories
3
Interior
2,880 sqft
livable area
Lot
1,995 sqft
Exterior condition
Above average
city code 3
Above averageBelow average
Interior condition
Average
city code 4
Above averageBelow average
Quality grade
B
assessor's grade
ABCDE
Zoning
RM1
city zoning code
OPA field-assessment attributes. Condition and grade are the assessor's codes, not an inspection.
Run the numbers
What owning 5050 Walnut 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
5050 Walnut St sits on the 5000 block of Walnut St. Open the block report to compare its parcels, ownership and public-record history.
See the whole block →Next door: 5048 Walnut St · 5052-54 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.
Official city record ↗ · L&I history ↗ · See the whole block · Download this record (JSON)