House report

7015 Pipers Glen Way

4 bd · 3 stories · 2,210 sqft · CMX2.5 · built 2023

Absentee individual · assessed $600K · sold 2×. On the 7000 block of Pipers Glen Way.

Street view of 7015 Pipers Glen Way — From the street — imagery © Google

From above — imagery © Esri, Maxar

Property summary

Assessment$600KCity assessed value Last sale$600KRecorded 2023 Est. taxes$2K/yearAnnual city record Permits1Shown in this report ViolationsNone openNo open L&I cases

What stands out

From the public record

Finding

New construction

Why it matters

Bought for $1.1M in 2021, built new under a 2025 permit (tax-abated), sold for $600K in 2023.

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 $1,678/yr reflects a 10-year abatement. It steps up every year and reaches about $8,397/yr in 2034 — $6,719/yr more. Price the full bill, not the current one.

If you own it

$2,062 in back taxes on record

Interest and penalties keep compounding until a Revenue payment agreement is in place — an owner-occupant agreement also stops the sheriff-sale track.

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

$600K

built 2023

Price / sq ft

$271

block $271 · in line w/ block

Appreciation

+1969%

+46%/yr, city 6.5%

In 5 years (~2031)

~$614K

+46%/yr own pace held 5 yrs — extrapolation, not a forecast

Est. tax / yr

$2K

0.28% effective, abated

Gross yield

—

Times sold

kept in the family

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

This houseBlock median & rangeSaleLand buyPermit

The paper trail

New construction

Bought for $1.1M in 2021, built new under a 2025 permit (tax-abated), sold for $600K in 2023.

2021 $1.1MLand buy
2023 $600KSold
2025 Roof Covering ReplacementPermit

Flags: tax-abated — the bill lags real value · $2K back taxes · long-held within one family. Informational only — not investment advice or a consumer report (FCRA).

The abatement clock

This house pays about $1,678/yr under a 10-year tax abatement that steps down every year. In 2034 the bill reaches its full ~$8,397/yr — a step up of $6,719/yr, 7 assessment years out. Drag the slider.

2027~$1,678/yrfrom the record

now: ($599,900 assessed − $480,026 abated) × 1.3998% ≈ $1,678/yr 2034: $599,900 assessed × 1.3998% ≈ $8,397/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

Stories

Interior

2,210 sqft

livable area

Lot

1,160 sqft

Basement

Partial, finished

city code E

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

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 7015 Pipers Glen Way 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.

Purchase price$600K

Down payment20%

Mortgage rate6.875%

Monthly rent$4K/mo

When this house last sold (2023) a 30-year mortgage ran about 6.81% — Freddie Mac's average that year.

Price it at the post-abatement bill (~$8K/yr from 2034)

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

7015 Pipers Glen Way sits on the 7000 block of Pipers Glen Way. Open the block report to compare its parcels, ownership and public-record history.

See the whole block →

Next door: 7013 Pipers Glen Way · 7017 Pipers Glen Way

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

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.

BlockReport AICited city records

Ask a cited due-diligence question about this property. BlockReport connects the public record - deeds, permits, violations, taxes, ownership, and comparable context - then explains what matters. Try 3 deep research questions with no card or account required.

About this data & fine print

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

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)

7015 Pipers Glen Way

Property summary

What stands out

New construction

What to do with this

If you’re buying

If you own it

If you’re the landlord

The investment read

The paper trail

The abatement clock

The house, on paper

Run the numbers

Block context

Where this comes from

This is 7015 Pipers Glen Way,
on paper.

The whole record is free.

What to catch on the way down.