2026 taxable assessment $123,000 × 1.3998%. Estimate—not a bill or account balance.
OPA also publishes a 2027 assessment of $131,700; it is not the 2026 billed-year value.
House report
7047 Reedland St
3 bd · 1 ba · 2 stories · 1,024 sqft · RM1 · built 1920
Investor / LLC · assessed $123K (2026) · 2027 OPA assessment $132K · sold 6×. On the 7000 block of Reedland St.
Property summary
Assessment$123,0002026 OPA assessment · 2027: $131,700
Last sale$8.1MRecorded 2021
Est. tax bill$1,722/year2026 taxable assessment × 1.3998%
Tax delinquencyNo 2022 matchNot proof account is current
Permits2Every fetched City permit
Violations0 open3 historical across 1 case
“Open” reflects records available then historical records keep their source dates estimates are labeled
BlockReport AI · cited public records
Ask the questions this record raises.
Every choice opens the research chat with this property already in context. Curated questions are free.
Question or correct this record
BlockReport can explain a discrepancy, but it cannot rewrite an official City record. Use the agency that owns the underlying fact:
Property tax
The estimate, live balance, and back-tax record are different.
BlockReport can calculate the annual tax from the City’s taxable assessment. Payments, credits, interest, and a current amount due live separately in Philadelphia Tax Center.
A Tax Center balance is net of bills, payments, credits, interest, and adjustments. A credit—or an amount due—is not automatically “back taxes.”
OPA 4062114002026 taxable assessment equals the full assessed value.
Historical delinquency sources No current conclusion
This parcel did not match the June 2022 delinquency snapshot. That absence does not confirm the account is current today.
For a purchase, refinance, or closing, request the City’s official Property Payoff statement in Tax Center under “More options.”
What stands out
From the public recordRenovated & sold on
Why it mattersBought for $10K in 2001, plumbing permit in 2007, sold for $8.1M in 2021 (+80650%).
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
Built 1920: 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’re the landlord
Lead certificate is not optional
Built 1920: 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 the fetched property records and linked City guidance as of 2026. Assessment treatment is not a substitute for an exemption approval, live balance, title report, license, occupancy certificate, or inspection. Informational only — not legal, tax, or investment advice.
Who's behind it
Okh-Ph Owner LLC · corporate / LLC owner
• Owns 83 properties across Philadelphia under this name, assessed at $11M combined
• Tax bills mail to Po Box 4900, Scottsdale AZ, 85261 — outside Philadelphia
• 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
$123,000
2026 billed-year assessment · 2027: $131,700 · built 1920
Price / sq ft
$129
block $129 · in line w/ block
Appreciation
+74%
+6%/yr, city 6.5%
In 5 years (~2031)
~$132K
+6%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax bill / yr
$1,722
1.31% effective
Jun 2022 tax snapshot
No match
not proof the account is current
Gross yield
-6074411.5%
≈$-667M/mo rent
Times sold
6
licensed rental
Value vs. the block, over time — sales, permits & L&I events marked on the line
This houseBlock median & rangeSalePermit
The paper trail
Renovated & sold onBought for $10K in 2001, plumbing permit in 2007, sold for $8.1M in 2021 (+80650%).
- 2001 $10KSold
- 2002 $29KSold$60KSold$69KSold
- 2005 $39KSold
- 2007 PlumbingPermit
- 2008 PlumbingPermit
- 2009 3 L&I violationsL&IL&I: 1 failed, 1 passedL&I visit
- 2021 $8.1MSold
City record timeline
Every dated deed, permit, inspection, license, violation, certification, and appeal—together.
The timeline combines the report’s transfer history with every successfully fetched L&I and zoning row. A date or status is the City’s filed record, not a statement that the condition remains current; use the official file for live detail.
- Recorded owner
- Okh-Ph Owner LLC
- L&I district
- SOUTH
- OPA account
- 406211400
What this record suggests
The City file documents 2 permits touching plumbing. 2 carries a completed, issued, or approved status; that documents the filing, not the present quality of the work.
- LicenseRental
License 882435 · Active
OKH-PH Owner, LLC · Expires 2026-11-30
- Recorded transfer$8.1M transfer
2021
- LicenseRental
License 499189 · Inactive
MARK SPECTOR · Expires 2011-02-28 · Inactive 2012-12-22
- InvestigationHCEU INSP
Case 199177 · PASSED
- ViolationEXT A-CLEAN WEEDS/PLANTS
Case 199177 · Violation 1328990 · COMPLIED
- ViolationEXT A-CLEAN/EXTERMINATE
Case 199177 · Violation 1328989 · COMPLIED
- ViolationPROSEC- EMERG IMMED RI
Case 199177 · Violation 1328988 · COMPLIED
- InvestigationHCEU INSP
Case 199177 · FAILED
- PermitPlumbing
Permit 160941 · COMPLETED
REPLACE FAI
- LicenseRental
License 445256 · Inactive
MARK SPECTOR · Expires 2022-02-28 · Inactive 2022-04-29
- PermitPlumbing
Permit 61089 · COMPLETED
REPLACE DEFECTIVE LATERAL
- LicenseRental
License 324947 · Inactive
MARK SPECTOR · Expires 2006-02-28 · Inactive 2012-12-22
- Recorded transfer$39K transfer
2005
- LicenseRental
License 260902 · Inactive
KYUNG SOOK CHANG · Expires 2004-02-29 · Inactive 2012-12-22
- Recorded transfer$29K transfer
2002
- Recorded transfer$60K transfer
2002
- Recorded transfer$69K transfer
2002
- Recorded transfer$10K transfer
2001
Free record guide
How Philadelphia’s property system works
These explainers are free because the record only helps if you know what it can—and cannot—prove. Use the linked City guidance for the controlling rule.
Permits and inspections 2 on this property
This property’s file includes PP_PLUMBNG permit records. A permit documents authorized scope and a City process; it is not by itself proof that every described improvement was completed, remains in place, or meets today’s condition expectations.
L&I inspections are scheduled at defined stages; final inspection and required certifications are separate steps in closing out applicable work.
How construction and repair permits work ↗See City inspection stages by permit type ↗Assessments and taxes
The OPA assessment is the City’s value on the tax roll—not an asking price, appraisal, or live account balance. The taxable assessment can differ from the full assessment because the City roll records exemptions or other treatment; the report keeps those fields separate.
Your annual estimate uses the taxable assessment. Payments, credits, interest, and the amount due are maintained separately in Tax Center.
How the Office of Property Assessment works ↗Philadelphia property-tax guidance ↗Violations, cases, and status check current status
An open row is a dated City status, not a diagnosis of current condition or a conclusion about the property. Read the case, notice, and any subsequent inspection together, then verify the live file.
How L&I code enforcement works ↗City violation and order types ↗Flags: active rental license. Informational only — not investment advice or a consumer report (FCRA).
The property, on paper
The city assessor's field record — the physical spec sheet behind the assessed number.
Bedrooms
3
Bathrooms
1
Stories
2
Interior
1,024 sqft
livable area
Lot
1,105 sqft
Basement
Partial, semi-finished
city code F
Garage
1 space
Exterior condition
Average
city code 4
Above averageBelow average
Interior condition
Average
city code 4
Above averageBelow average
Quality grade
C
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 7047 Reedland 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.
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 use this parcel's taxable assessment, not a live Tax Center balance.
Block context
7047 Reedland St sits on the 7000 block of Reedland St. Open the block report to compare its parcels, ownership and public-record history.
See the whole block →Next door: 7045 Reedland St · 7049 Reedland 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
This report was assembled Jul 10, 2026, 7:25 AM ET. Available City datasets are queried from OpenDataPhilly (phl.carto.com) and the cited City ArcGIS feeds; record queries paginate rather than silently taking a first page. For this property: Permits: queried · Violations: queried · Investigations: queried · Appeals: queried · Licenses: queried · Building certifications: queried. “Unavailable” means the source query failed or was not supplied, not “no record.” Reports re-pull on view after seven days and on an overnight rolling schedule; citywide benchmarks recompute weekly. Source dates still govern: the parcel-level tax-delinquency snapshot is June 2022 and the separate detailed tax ledger ends in 2016, so neither establishes today’s balance. The live balance and date-effective payoff must be verified in Tax Center. AI-written passages are grounded in the assembled record and rejected if they state a number the record does not hold.
Official city record ↗ · L&I history ↗ · See the whole block · Download this record (JSON)