New construction
Why it mattersBought for $1.3M in 2021, built new under a 2022 permit (tax-abated).
View supporting records →House report
5959-63 Ridge Ave
4 stories · 28,400 sqft · CMX2.5 · built 2024
Investor / LLC · assessed $5.9M · sold 1×. On the 5900 block of Ridge Ave.
Property summary
Assessment$5.9MCity assessed value
Last sale$1.3MRecorded 2021
Est. taxes$8K/yearAnnual city record
Permits8Shown in this report
ViolationsNone openNo open L&I cases
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 tax bill is temporary
Today's $8,221/yr reflects a 10-year abatement. It steps up every year and reaches about $82,221/yr in 2035 — $74,000/yr more. Price the full bill, not the current one.
If you’re the landlord
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
5959 Ridge Ave LLC · corporate / LLC owner
• Holds an active rental license for this address
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
$5.9M
built 2024
Price / sq ft
$207
block $207 · in line w/ block
Appreciation
+803%
+73%/yr, city 6.5%
In 5 years (~2031)
~$6.1M
+73%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax / yr
$8K
0.14% effective, abated
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 & rangeLand buyL&I violationPermit
The paper trail
New constructionBought for $1.3M in 2021, built new under a 2022 permit (tax-abated).
- 2021 $1.3MLand buy
- 2022 Full DemolitionPermit
- 2023 New Construction or AdditionsPermitSitework with Onsite Utility ServicesPermit
- 2025 L&I violationL&I
- 2026 Change of UsePermitAddition and/or AlterationPermitRough-InPermitAddition and/or AlterationsPermitAddition and/or AlterationPermit
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 $8,221/yr under a 10-year tax abatement that steps down every year. In 2035 the bill reaches its full ~$82,221/yr — a step up of $74,000/yr, 8 assessment years out. Drag the slider.
now: ($5,873,800 assessed − $5,286,502 abated) × 1.3998% ≈ $8,221/yr
2035: $5,873,800 assessed × 1.3998% ≈ $82,221/yr
The abated slice shrinks ~10% a year (post-2022 program, started 2025) — 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
4
Interior
28,400 sqft
livable area
Lot
10,837 sqft
Exterior condition
Newer construction
city code 1
Newer construction
Interior condition
Newer construction
city code 1
Newer construction
Quality grade
A-
assessor's grade
ABCDE
Zoning
CMX2.5
city zoning code
OPA field-assessment attributes. Condition and grade are the assessor's codes, not an inspection.
Run the numbers
What owning 5959-63 Ridge Ave 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 (2021) a 30-year mortgage ran about 2.96% — 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
5959-63 Ridge Ave sits on the 5900 block of Ridge Ave. Open the block report to compare its parcels, ownership and public-record history.
See the whole block →Next door: 5951 Ridge Ave · 5925 Ridge Ave
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
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.
First time here?
This is 5959-63 Ridge Ave,
on paper.
Built 2024. Every deed, permit, L&I visit, tax bill and sale for this house — plus its whole block.
No signup, no teaser
The whole record is free.
Permits, violations, taxes, deeds, ownership, and block context are all here. The public record is free to read; membership is for deeper research.
Three taps, you're oriented
What to catch on the way down.
On the way down: the story of the house, its paper trail drawn on the value chart, and run-the-numbers, a calculator seeded with this house's actual tax bill.
Official city record ↗ · L&I history ↗ · See the whole block · Download this record (JSON)