Public Records
Edition
Philadelphia700 block of N Preston StRecords pulled July 9, 2026

House report

708 N Preston St

3 stories · 1,704 sqft · RM1 · built 1925

Investor / LLC · assessed $116K · sold 1×. On the 700 block of N Preston St.

Street view of 708 N Preston St
From the street — imagery © Google
From above — imagery © Esri, Maxar
The story of this houseAI · written from the public record

Reading this house's deeds, permits and assessments…

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 1925: 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

$1,380 in back taxes on record

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

If you’re the landlord

Lead certificate is not optional

Built 1925: 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 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

Vip Realty Properties LLC · corporate / LLC owner

• Owns 3 properties across Philadelphia under this name, assessed at $186K combined
• 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 analyst below to dig into any number.

Assessed value
$116K
built 1925
Price / sq ft
$68
block $122 · below block
Appreciation
+63%
+5%/yr, city 6.5%
In 5 years (~2031)
~$116K
+5%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax / yr
$2K
1.4% effective
Gross yield
Times sold
1
licensed rental

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

$0$250K$500K2019: 3 L&I violations incl EXTERIOR STRUCT UNSAFE COND 122021: New construction, addition, GFA change 2021: Addition and/or Alteration 2021: Demolished 2021: 8 L&I violations2022: Addition and/or Alteration2024: 2 L&I violations 2024: New Construction 2024: New Construction or Additions2025: Addition and/or Alteration 2025: New Construction 2025: New Construction or Additions$116K201620222027
This houseBlock median & rangeTeardownL&I violationPermit
The paper trail

demolished in 2021 and rebuilt (2021).

  1. 2019 3 L&I violations incl EXTERIOR STRUCT UNSAFE COND 12L&I
  2. 2021 New construction, addition, GFA changePermitAddition and/or AlterationPermitDemolishedTeardown8 L&I violationsL&I
  3. 2022 Addition and/or AlterationPermit
  4. 2024 2 L&I violationsL&INew ConstructionPermitNew Construction or AdditionsPermit
  5. 2025 Addition and/or AlterationPermitNew ConstructionPermitNew Construction or AdditionsPermit

Flags: active rental license · $1K back taxes (2006–2016, $881 of it interest & penalties, lien filed). Informational only — not investment advice or a consumer report (FCRA).

The house, on paper

The city assessor's field record — the physical spec sheet behind the assessed number.

Stories
3
Interior
1,704 sqft
livable area
Lot
2,008 sqft
Basement
Full
city code D
Heat
Undetermined
city code H
Central air
No
Exterior condition
Vacant
city code 6
Vacant
Interior condition
Vacant
city code 6
Vacant
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 708 N Preston St 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.

$116K
20%
6.875%
$825/mo

When this house last sold (2019) a 30-year mortgage ran about 3.94% — 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.

Next door: 706 N Preston St  ·  710 N Preston St

Where this comes from

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; the masthead date is when this page's records were last pulled. 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)