House report

618 N Preston St

1 story · 1,013 sqft · RM1 · built 2007

Absentee individual · assessed $22K. On the 600 block of N Preston St.

Property summary

Assessment$22KCity assessed value Last sale—No sale value available Est. annual tax$0/yearTax-exempt assessment Tax delinquency—Snapshot unavailable Permits8Dated events in report ViolationsNone openNone open when assembled

Report assembled Jul 10, 2026 “Open” reflects records available then historical records keep their source dates estimates are labeled

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Street view of 618 N Preston St — From the street — imagery © Google

From above — imagery © Esri, Maxar

What stands out

From the public record

Finding

New construction

Why it matters

built new under a 2007 permit (tax-abated).

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 current tax estimate is temporary

The taxable assessment implies about $0/yr under a 10-year abatement. It jumps to about $307/yr in 2027 — $307/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’re the landlord

No active rental license on file

If this property is rented, Philadelphia requires a Rental License (via eCLIPSE) — without it a landlord cannot legally collect rent or evict, and tenants can withhold. Licensing needs tax clearance and no open violations.

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

$22K

built 2007

Price / sq ft

$22

block $97 · below block

Appreciation

-3%

0%/yr, city 6.5%

In 5 years (~2031)

~$22K

0%/yr own pace held 5 yrs — extrapolation, not a forecast

Est. tax / yr

0% effective, abated

Jun 2022 tax snapshot

—

Gross yield

50.5%

≈$921/mo rent

Times sold

kept in the family

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

This houseBlock median & rangePermit

The paper trail

New construction

built new under a 2007 permit (tax-abated).

2007 Zoning/usePermitNew constructionPermitPlumbingPermitPlumbingPermit2 L&I violationsL&IMechanicalPermitElectricalPermit
2008 AdministrativePermit
2015 PlumbingPermit

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’s taxable assessment implies about $0/yr under a 10-year tax abatement. In 2027 the assessment-based estimate reaches ~$307/yr — a step up of $307/yr. Drag the slider.

2027~$0/yrestimated from assessment

now: ($21,900 assessed − $21,900 abated) × 1.3998% ≈ $0/yr 2027: $21,900 assessed × 1.3998% ≈ $307/yr Flat 100% exemption (pre-2022 program, started 2017), 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

Interior

1,013 sqft

livable area

Lot

1,023 sqft

Exterior condition

Average

city code 4

Above averageBelow average

Interior condition

Above average

city code 3

Above averageBelow average

Quality grade

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 618 N Preston 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.

Purchase price$25K

Down payment20%

Mortgage rate6.875%

Monthly rent$925/mo

Price it at the post-abatement bill (~$307/yr from 2027)

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

618 N Preston St sits on the 600 block of N Preston St. Open the block report to compare its parcels, ownership and public-record history.

See the whole block →

Next door: 616 N Preston St · 620 N Preston 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

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.

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About this data & fine print

Answers are generated by an AI agent querying available City of Philadelphia open data at the moment you ask: OPA property assessments, Recorder of Deeds transfer records, L&I permits, violations & licenses, dated Dept. of Revenue tax records, Zoning Board appeals, Police incident reports, Philly311 requests, and School District of Philadelphia catchment and school data.

For an explicit web search or a current listing/news question, the agent may also search the public web through OpenRouter and must link every web-derived claim. Public listing pages can be stale and are not direct or comprehensive MLS access.

Property-level tax data is historical: the delinquency snapshot is dated June 2022 and the separate detailed ledger ends in 2016. Neither shows what is owed today; verify a current balance with Philadelphia Revenue.

City data is published as-is and can lag, contain errors, or be corrected later; school performance datasets run years behind and are labeled with their school year. AI answers can contain mistakes — verify anything that matters against the official record (property.phila.gov, atlas.phila.gov) before acting on it.

Informational only. Not legal, financial, or investment advice. Not a consumer report under the FCRA — it may not be used to decide anyone's eligibility for housing, tenancy, employment, credit, or insurance.

Official city record ↗ · L&I history ↗ · See the whole block · Download this record (JSON)