The Block Report

Apartment building report

721 N 16th St

5 stories · 11,900 sqft · RM1 · built 2023

Apartment building · 10 units · Philadelphia Lotus 24 LLC · assessed $1.5M (2026) · 2027 OPA assessment $1.7M. On the 700 block of N 16th St.

Street view of 721 N 16th St
From the street — imagery © Google
From above — imagery © Esri, Maxar
BlockReport AI · cited public records

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Property summary

Assessment$1,502,8002026 OPA assessment · 2027: $1,686,100 Last sale$2.6MRecorded 2025 Est. tax bill$2,104/year2026 taxable assessment · full-value scenario $21,036/year · basis and term unverified Tax delinquency—Snapshot unavailable Permits6Dated events in report Violations1 openNo historical match in fetched records

“Open” reflects records available then historical records keep their source dates estimates are labeled

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:

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.

Estimated annual Real Estate Tax$2,104/year

2026 taxable assessment $150,280 × 1.3998%. Estimate—not a bill or account balance.

OPA also publishes a 2027 assessment of $1,686,100; it is not the 2026 billed-year value.

Official current account balanceCheck live

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 881000511
Open Philadelphia Tax Center →Choose “View period balance” to see the tax year and any credit, interest, or delinquency.
Exemption classificationPartial assessment exemption — basis unverified

2026 OPA taxes $150,280 of $1,502,800 assessed. The assessment fields alone do not identify a program, approval date, expiration, or buyer eligibility.

See the assessment math →
Full-assessment scenario$21,036/year

Applying the same rate to the billed-year full assessment. OPA's numeric split does not say when or whether the current treatment changes.

See the assessment math →
Historical delinquency sources No current conclusion

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.

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 record
Finding

New construction

Why it matters

built new under a 2022 permit (reduced taxable assessment shown), sold for $2.6M in 2025.

View supporting records →

The property record, over time

Every dated deed, permit, inspection, license, violation, certification, and appeal is placed on the City’s annual assessment line. Select a point to read what happened; the line is an assessment history—not a sale-price chart or appraisal. OPA has also published a 2027 assessment of $1,686,100; it is not yet the billed-year tax basis.

Assessment history · all dated City records marked on the line

$0$1.0M$2.0M$1.7M20232024202520262027
Property assessmentAssessmentDeed / saleAppeal

Each icon sits on its recorded date; records without a day are labeled and centered within their year. Select one to explain the filing.

Highlight
Every dated record3 events · exact dates, newest first
  1. AppealLIRB Violation Appeal
  2. Deed / saleDeed / sale $2.6M
  3. AppealZBA Permit Denial - Variance
Apartment buildingBuilding report

This is a apartment building, recorded under the city's apartments category. The homeowner tools (rent estimate, homestead playbook) don't apply, so they're hidden. The full record and owner trail are below.

1 open violation

What it is
Apartment building
Row Conv/Apt 3 Sty Mason
Owner
Philadelphia Lotus 24 LLC
OPA tax treatment
Assessed $1.5M
Taxable assessment on the roll
$ / sq ft
$142
below the $151 median for 3,983 apartments parcels citywide
Licensed units
10
active rental license
Assessed value
$1,502,800
2026 OPA · 2027: $1,686,100
Interior area
11,900 sqft
Lot size
5,433 sqft
Stories
5
Built
2023
Zoning
RM1

Browse the source ledger

The chart above is the primary timeline. This drawer preserves every underlying dated row and its filed status for source-level review.

Open the City record ↗
Browse 4 dated records deeds, permits, inspections, licenses, violations, certifications & appeals
  1. AppealLIRB Violation Appeal

    Appeal HA-2024-001859 · Closed · Complete

    see attached

  2. AppealLIRB Violation Appeal

    Appeal HA-2024-001860 · Closed · Complete

    see attached

  3. Recorded transfer$2.6M transfer

    2025

  4. AppealZBA Permit Denial - Variance

    Appeal ZP-2022-009846 · Completed · Granted with conditions

    PERMIT For the consolidation of lot line to create one lot (Parcel A) from three deeded lots (725 n 16th St, 727 N 16th St, and 721 n 16th St Temp Parcel A). For the erection of a four story addition to a structure actively under construct

What this record suggests

1 violation is still marked open in the assembled record. The date and status belong in a current L&I check before relying on them.

Who's behind it

Philadelphia Lotus 24 LLC · corporate / LLC owner

• Owns 5 properties across Philadelphia under this name, assessed at $3.2M combined
• Tax bills mail to 829 N 29th St #5, Philadelphia PA, 19130
• Holds an active rental license for this address
• The last transfer was a nominal/family deed, not an open-market sale

PA corporate registry ↗OpenCorporates ↗City record ↗

Block context

721 N 16th St sits on the 700 block of N 16th St. Open the block report to compare its parcels, ownership and public-record history.

See the whole block →

Next door: 719 N 16th St  ·  717 N 16th St

Where this comes from
Methodology & freshness

This report was assembled Jul 9, 2026, 11:08 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. “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)