The Block ReportBlockReport

House report

616 W Allegheny Ave

3 bd · 1 ba · 2 stories · 1,440 sqft · RM1 · built 1915

Owner-occupied · assessed $124K · sold 3×. On the 600 block of W Allegheny Ave.

Street view of 616 W Allegheny Ave
From the street — imagery © Google
From above — imagery © Esri, Maxar

Property summary

Assessment$124KCity assessed value Last sale$20KRecorded 2006 Est. taxes$337/yearAnnual city record Permits0Shown in this report ViolationsNone openNo open L&I cases

What stands out

From the public record
Finding

New construction

Why it matters

Bought for $25K in 2004, built new (tax-abated), sold for $20K in 2006.

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 $337/yr reflects a 10-year abatement. It jumps to about $1,737/yr in 2030 — $1,400/yr more. Price the full bill, not the current one.

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.

If you own it

When the abatement ends, file for Homestead

An abated home cannot also take the Homestead Exemption. From 2030 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
$124K
built 1915
Price / sq ft
$86
block $100 · below block
Appreciation
+157%
+9%/yr, city 6.5%
In 5 years (~2031)
~$125K
+9%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax / yr
$337
0.27% effective, abated
Gross yield
-6446414.2%
≈$-667M/mo rent
Times sold
3
kept in the family

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

$0$100K$200KBefore this chart — 2004: Sold $25K 2005: Sold $20K 2006: Sold $20K$124K201620222027
This houseBlock median & rangePermit

The paper trail

New construction

Bought for $25K in 2004, built new (tax-abated), sold for $20K in 2006.

  1. 2004 $25KSold
  2. 2005 $20KSold
  3. 2006 $20KSold

Flags: tax-abated — the bill lags real value · long-held within one family. Informational only — not investment advice or a consumer report (FCRA).

The abatement clock

This house pays about $337/yr under a 10-year tax abatement. In 2030 the bill reaches its full ~$1,737/yr — a step up of $1,400/yr, 3 assessment years out. Drag the slider.

2016: ~$675/yr2017: ~$675/yr2018: ~$255/yr2019: ~$167/yr2020: ~$0/yr2021: ~$0/yr2022: ~$0/yr2023: ~$56/yr2024: ~$56/yr2025: ~$213/yr2026: ~$213/yr2027: ~$337/yr2028: ~$337/yr (projected)2029: ~$337/yr (projected)2030: ~$1,737/yr (projected)2031: ~$1,737/yr (projected)201620302031
2027~$337/yrfrom the record

now: ($124,100 assessed − $100,025 abated) × 1.3998% ≈ $337/yr 2030: $124,100 assessed × 1.3998% ≈ $1,737/yr Flat 100% exemption (pre-2022 program, started 2020), 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
Bathrooms
1
Stories
2
Interior
1,440 sqft
livable area
Lot
1,040 sqft
Basement
Full
city code D
Heat
Undetermined
city code H
Central air
No
Exterior condition
Average
city code 4
Interior condition
Average
city code 4
Quality grade
C
assessor's grade
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 616 W Allegheny 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.

$124K
20%
6.875%
$700/mo

When this house last sold (2006) a 30-year mortgage ran about 6.41% — 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

616 W Allegheny Ave sits on the 600 block of W Allegheny Ave. Open the block report to compare its parcels, ownership and public-record history.

See the whole block →

Next door: 614 W Allegheny Ave  ·  618 W Allegheny Ave

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)