New construction
Why it mattersBought for $105K in 2001, built new under a 2010 permit (tax-abated), sold for $285K in 2014.
View supporting records →House report
7370 Henry Ave
5 bd · 2 ba · 1 story · 1,102 sqft · RSD3 · built 1959
Investor / LLC · assessed $376K · sold 4×. On the 7300 block of Henry Ave.
Property summary
Assessment$376KCity assessed value
Last sale$285KRecorded 2014
Est. annual tax$0/yearTax-exempt assessment
Tax delinquency—Snapshot unavailable
Permits4Dated events in report
ViolationsNone openNone open when assembled
“Open” reflects records available then historical records keep their source dates estimates are labeled
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What stands out
From the public recordWhat 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 current tax estimate is temporary
The taxable assessment implies about $0/yr under a 10-year abatement. It jumps to about $5,256/yr by 2026 — $5,256/yr more. Underwrite the post-abatement estimate and verify the actual bill with Revenue.
Built 1959: 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.
Zoned RSD3: one household by right
Single-family detached, small lot. Converting to a duplex or apartments needs a use variance the zoning board rarely grants — Pennsylvania courts require a physical hardship of the lot itself, and economics alone do not qualify.
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
Intercommunity Action INC · corporate / LLC owner
• Owns 25 properties across Philadelphia under this name, assessed at $13M combined
• Tax bills mail to 403 Rector St, Philadelphia PA, 19128
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
$376K
built 1959
Price / sq ft
$341
block $232 · above block
Appreciation
+78%
+5%/yr, city 6.5%
In 5 years (~2031)
~$377K
+5%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax / yr
$0
0% effective, abated
Jun 2022 tax snapshot
—
Gross yield
6.3%
≈$2K/mo rent
Times sold
4
Value vs. the block, over time — sales, permits & L&I events marked on the line
This houseBlock median & rangePermit
The paper trail
New constructionBought for $105K in 2001, built new under a 2010 permit (tax-abated), sold for $285K in 2014.
- 2001 $105KSold$105KSold
- 2010 ElectricalPermit
- 2014 $285KSold$285KSoldElectricalPermitAdministrativePermit
- 2023 Addition and/or AlterationPermit
Flags: tax-abated — the bill lags real value. Informational only — not investment advice or a consumer report (FCRA).
The abatement clock
This house’s taxable assessment implies about $0/yr under a 10-year tax abatement. By 2026 the assessment-based estimate reaches ~$5,256/yr — a step up of $5,256/yr. Drag the slider.
now: ($375,500 assessed − $375,500 abated) × 1.3998% ≈ $0/yr
2026: $375,500 assessed × 1.3998% ≈ $5,256/yr
Flat 100% exemption (pre-2022 program, started 2016), then the cliff — 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
5
Bathrooms
2
Stories
1
Interior
1,102 sqft
livable area
Lot
7,608 sqft
Basement
Full, finished
city code A
Heat
Forced hot air
city code A
Central air
Yes
Garage
2 spaces
Exterior condition
Above average
city code 3
Above averageBelow average
Interior condition
Above average
city code 3
Above averageBelow average
Quality grade
C
assessor's grade
ABCDE
Zoning
RSD3
city zoning code
OPA field-assessment attributes. Condition and grade are the assessor's codes, not an inspection.
Run the numbers
What owning 7370 Henry 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 (2014) a 30-year mortgage ran about 4.17% — 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 (with the abatement toggle above).
Block context
7370 Henry Ave sits on the 7300 block of Henry Ave. Open the block report to compare its parcels, ownership and public-record history.
See the whole block →Next door: 7368 Henry Ave · 7372-78 Henry 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)