The Block Report

Commercial property report

338-42 E Somerset St

3 stories16,548 sqftRM1built 1935

Property at a glanceStore

Somerset LLC

2026 assessment
$508K OPA value, not a listing price
2027 published assessment
$508K Future roll, not the current tax bill
Neighborhood area
Port Richmond · Kensington Approximate · based on ZIP 19134
From above · selected parcel outlined; choose a neighboring polygon to open it — imagery © Esri, Maxar

Assessment and City record timeline

The line tracks this property’s published City assessment. Markers show deeds, permits, inspections, licenses, violations, certifications, and appeals on their recorded dates. Select one to read the filing.

Assessments are tax-roll values, not sale prices or appraisals. OPA has published a 2027 assessment of $508,200. It is not yet the billed-year tax basis.

$0$500K$1.0M$508K1999200420092014201920242027
Property assessmentAssessmentLicense

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

Every dated record2 events · exact dates, newest first
  1. LicenseSTACY R: Motor Vehicle Repair / Fuel Dispensing business license marked inactive
  2. LicenseSTACY R: Motor Vehicle Repair / Fuel Dispensing business license initially issued

Verify the public record

$7,114/year estimated property tax

2026 taxable assessment $508,200 × 1.3998%. This is an estimate, not a bill or account balance. The City maintains payments, credits, interest, and the current amount due.

OPA has published a 2027 assessment of $508,200. It is not the 2026 billed-year value.

Current City balanceCheck Tax Center

Payments, credits, interest, and the current amount due are maintained by the City.

OPA 882000332
Open Philadelphia Tax Center →Use “View period balance” to inspect each tax year.
Exemption classificationNo exemption shown

2026 taxable assessment equals the full assessed value.

Historical delinquency sources No current conclusion

This parcel did not match the June 2022 delinquency snapshot. That absence does not confirm the account is current today.

For a purchase, refinance, or closing, request the City’s official Property Payoff statement in Tax Center under “More options.”

Property report

Commercial property

Store, recorded in the City's commercial category. The public record and owner trail follow.

What it is
Store Auto Repair Shop Masonry
Owner
Somerset LLC
$ / sq ft
$31 below the $151 median for 7,668 commercial parcels citywide
Interior area
16,548 sqft
Lot size
15,715 sqft
Stories
3
Built
1935
Zoning
RM1

Recorded owner

Who's behind it

Somerset LLC · corporate / LLC owner

• Owns 2 properties across Philadelphia under this name, assessed at $526K combined
• Tax bills mail to 338-42 E Somerset St, Philadelphia PA, 19134

PA corporate registry ↗OpenCorporates ↗City record ↗

Block context

300 block of E Somerset St. Compare parcels, ownership, and public-record history.

See the whole block →

Next door: 336 E Somerset St  ·  334 E Somerset St

Business licenses at this address Latest pull

What L&I has registered at this OPA parcel, newest initial license date first.

Open the City record ↗
STACY RInactive

Motor Vehicle Repair / Fuel Dispensing · Initial issue date Mar 6, 1999 · Terminal license date Jul 24, 2012

A license is an L&I registration, not proof that a business is open, operating today, or located at this storefront. Dates are license dates. Events are deduped by parcel, business identity, and license type, so a renewal is not shown as another opening. Other permit and filing types remain in the full source ledger.

Open every source row 2 dated rows
  1. License terminal eventSTACY R: Motor Vehicle Repair / Fuel Dispensing business license marked inactive

    License 283299 · Inactive

    License event. Registration does not prove present operation or storefront occupancy.

  2. License issue eventSTACY R: Motor Vehicle Repair / Fuel Dispensing business license initially issued

    License 283299 · Inactive

    License event. Registration does not prove present operation or storefront occupancy.

Where this comes from
Methodology & freshness

This report was assembled Jul 23, 2026, 12:01 PM 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. For this property: Permits: queried · Violations: queried · Investigations: queried · Appeals: queried · Licenses: queried · Building certifications: queried. “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)