The Block Report

House report

7611 Verree Rd

3 bd · 2 ba · 3 stories · 2,154 sqft · RSA3 · built 2022

Owner-occupied · assessed $479K · sold 3×. On the 7600 block of Verree Rd.

Property summary

Assessment$479KCity assessed value Last sale$455KRecorded 2022 Est. annual tax$1K/yearAssessment × 1.3998% Tax delinquency—Snapshot unavailable Permits0Dated events in report Violations1Open when report assembled

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

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Street view of 7611 Verree Rd
From the street — imagery © Google
From above — imagery © Esri, Maxar

What stands out

From the public record
Finding

New construction

Why it matters

Bought for $60K in 2018, built new (tax-abated), sold for $455K in 2022.

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.

Dated record flagAssessment/permit mismatch

The assessment jumped 469% in 2023, but no matching permit appears in the property timeline.

Evidence: assessment moved from $80,000 to $454,900 · 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

The current tax estimate is temporary

The taxable assessment implies about $1,340/yr under a 10-year abatement. The estimate steps up every year and reaches about $6,698/yr in 2033 — $5,358/yr more. Underwrite the post-abatement estimate and verify the actual bill with Revenue.

Zoned RSA3: one household by right

Single-family attached. 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 own it

When the abatement ends, file for Homestead

An abated home cannot also take the Homestead Exemption. From 2033 it can — knocking about $1,400/yr off the full bill.

1 open violation: the clock matters

L&I appeals must be filed within 30 days — just 6 days if a property is designated UNSAFE or IMMINENTLY DANGEROUS. Left unresolved, the city can do the work itself, bill the owner (routinely $50,000+ on a rowhouse), lien the property, and add court fines of $300+/day.

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.

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
$479K
built 2022
Price / sq ft
$222
block $216 · in line w/ block
Appreciation
+498%
+35%/yr, city 6.5%
In 5 years (~2031)
~$487K
+35%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax / yr
$1K
0.28% effective, abated
Jun 2022 tax snapshot
—
Gross yield
—
Times sold
3
kept in the family

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

$0$250K$500K2018: Land $60K 2018: Land $60K2022: Sold $455K$479K201620222027
This houseBlock median & rangeSaleLand buy

The paper trail

New construction

Bought for $60K in 2018, built new (tax-abated), sold for $455K in 2022.

  1. 2018 $60KLand buy$60KLand buy
  2. 2022 $455KSold

Flags: tax-abated — the bill lags real value · 1 open L&I violation · long-held within one family. Informational only — not investment advice or a consumer report (FCRA).

The abatement clock

This house’s taxable assessment implies about $1,340/yr under a 10-year tax abatement that steps down every year. In 2033 the assessment-based estimate reaches ~$6,698/yr — a step up of $5,358/yr, 6 assessment years out. Drag the slider.

2021: ~$1,120/yr2022: ~$1,120/yr2023: ~$1,274/yr2024: ~$1,274/yr2025: ~$1,288/yr2026: ~$1,288/yr2027: ~$1,340/yr2028: ~$2,233/yr (projected)2029: ~$3,126/yr (projected)2030: ~$4,019/yr (projected)2031: ~$4,912/yr (projected)2032: ~$5,805/yr (projected)2033: ~$6,698/yr (projected)2034: ~$6,698/yr (projected)202120332034
2027~$1,340/yrestimated from assessment

now: ($478,500 assessed − $382,772 abated) × 1.3998% ≈ $1,340/yr 2033: $478,500 assessed × 1.3998% ≈ $6,698/yr The abated slice shrinks ~10% a year (post-2022 program, started 2023) — 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
3
Bathrooms
2
Stories
3
Interior
2,154 sqft
livable area
Lot
2,435 sqft
Basement
Full, finished
city code A
Heat
Forced hot air
city code A
Central air
Yes
Garage
1 space
Exterior condition
Newer construction
city code 1
Newer construction
Interior condition
Newer construction
city code 1
Newer construction
Zoning
RSA3
city zoning code

OPA field-assessment attributes. Condition and grade are the assessor's codes, not an inspection.

Run the numbers

What owning 7611 Verree Rd 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.

$479K
20%
6.875%
$3K/mo

When this house last sold (2022) a 30-year mortgage ran about 5.34% — 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

7611 Verree Rd sits on the 7600 block of Verree Rd. Open the block report to compare its parcels, ownership and public-record history.

See the whole block →

Next door: 7609 Verree Rd  ·  7613 Verree Rd

Where this comes from
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)