Improved
Why it mattersBought for $515K in 2024. Owner pulled a commercial make safe permit permit in 2025.
View supporting records →Mixed-use report
7120 Germantown Ave
2,159 sqft · CMX2.5 · built 1900
Investor / LLC · assessed $330K · sold 1×. On the 7100 block of Germantown Ave.
Property summary
Assessment$330KCity assessed value
Last sale$515KRecorded 2024
Est. annual tax$5K/yearAssessment × 1.3998%
Tax delinquency—Snapshot unavailable
Permits3Dated events in report
ViolationsNone openNone open when assembled
“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.
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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:
Historical tax record
Verify the current balance before relying on it.
The June 2022 delinquency snapshot was not verifiably available in this cached report. No conclusion about a match—or today’s balance—can be drawn from that absence.
A separate historical parcel ledger ending in 2016 records $243 and a lien entry. It is shown as historical context only.
Verify current balance with Philadelphia Revenue →What stands out
From the public record"Built 1900" is usually a placeholder
Why it mattersPhiladelphia records use 1900 as a stand-in when the real construction year was never documented. Treat the age as unknown, not as 120+ years.
View supporting records →Records to verify together
Rule-based groupings across this property's dated public records. Each flag shows the records that belong in the same verification step and where the inference stops.
Records to verify together
More than one separately dated public record deserves a current-status check.
Evidence: a lien number appears in the historical tax ledger through 2016 · failed L&I inspection activity in 2025
Limit: A screening signal, not a foreclosure prediction. Tax entries are historical and must be verified with Philadelphia Revenue.
Post-purchase work pattern
A recorded purchase followed by 2 permit events matches the early part of a renovate-and-resell sequence.
Evidence: purchase recorded in 2024 · permit activity in 2025
Limit: This does not show that the property is listed or that a sale is planned.
Assessment/permit mismatch
The assessment jumped 42% in 2023, but no matching permit appears in the property timeline.
Evidence: assessment moved from $185,800 to $263,600 · no permit shown in 2022-2024
Limit: Not proof of unpermitted work; reassessment, corrected data, or a permit under another parcel can also explain it.
Transparent record rules, not a score or forecast. Each flag is a prompt to verify the cited records, not a prediction or allegation.
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 1900: 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
$243 in the historical tax ledger through 2016
Historical context only, not a current payoff figure; that ledger also contains a lien entry. Verify today's balance and lien status directly with Philadelphia Revenue before relying on it.
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.
Who's behind it
Ats Enterprises LLC · corporate / LLC owner
• Tax bills mail to 7275 Cornelius St, Philadelphia PA, 19138
• The last transfer was a nominal/family deed, not an open-market sale
The investment read
How this building 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
$330K
built 1900
Price / sq ft
$153
block $153 · in line w/ block
Appreciation
+91%
+6%/yr, city 6.5%
In 5 years (~2031)
~$331K
+6%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax / yr
$5K
1.4% effective
Jun 2022 tax snapshot
—
Gross yield
4.4%
≈$1K/mo rent
Times sold
1
kept in the family
Value vs. the block, over time — sales, permits & L&I events marked on the line
This houseBlock median & rangeSaleL&I violationPermitInspection
The paper trail
ImprovedBought for $515K in 2024. Owner pulled a commercial make safe permit permit in 2025.
- 2009 3 L&I violationsL&IL&I: 3 failed, 1 passedL&I visit
- 2010 Zoning/usePermit
- 2024 $515KSold
- 2025 Change of UsePermit3 L&I violations incl UNSAFE STRUCTUREL&IInspection failedL&I visitCommercial Make Safe PermitPermit
- 2026 Inspection passedL&I visit
Flags: historical tax ledger through 2016 recorded $243 with a lien entry · long-held within one family. 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.
Interior
2,159 sqft
livable area
Lot
1,561 sqft
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
CMX2.5
city zoning code
OPA field-assessment attributes. Condition and grade are the assessor's codes, not an inspection.
Where the record looks off
Places where the city's own paperwork disagrees with itself. These are flags on the data — not problems with the property.
"Built 1900" is usually a placeholder
Philadelphia records use 1900 as a stand-in when the real construction year was never documented. Treat the age as unknown, not as 120+ years.
Run the numbers
What owning 7120 Germantown Ave 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 (2024) a 30-year mortgage ran about 6.72% — 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.
Block context
7120 Germantown Ave sits on the 7100 block of Germantown Ave. Open the block report to compare its parcels, ownership and public-record history.
See the whole block →Next door: 7118 Germantown Ave · 7122 Germantown Ave
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
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.
Official city record ↗ · L&I history ↗ · See the whole block · Download this record (JSON)