{"asOf":"2026-07-26T17:58:52.981Z","block":"700-799 N PRESTON ST","blockUrl":"https://philadelphia.blockreport.homes/block/700-799-n-preston-st","address":"720 N PRESTON ST","parcelNumber":"881001349","source":"https://property.phila.gov/?p=881001349","ownerType":"investor","kind":"apartments","isHouse":false,"home":false,"commercial":false,"residential":false,"taxExempt":false,"institutional":false,"buildingCode":"SR","buildingCodeNew":"804","buildingClass":"VACANT LAND RESIDE < ACRE","buildingClassNew":"APARTMENTS - LOW RISE","useLabel":"Apartments","owner":"SRD 1 LP","coOwner":null,"marketValue":628100,"landAssessment":62800,"improvementAssessment":565300,"livableArea":4152,"yearBuilt":2021,"lastSale":{"price":173000,"date":"2020-10-01T04:00:00Z"},"openViolations":0,"violations":[],"violationCases":[],"investigations":[],"taxOwed":0,"taxSnapshot":{"available":true,"asOf":"2022-06","matched":false},"taxDelinquencySnapshotAsOf":"2022-06","taxDelinquencySnapshotAvailable":true,"lat":39.965575740619705,"lng":-75.20417177250125,"geom":{"type":"Polygon","coordinates":[[[-75.204369255,39.965531394],[-75.204397998,39.965572202],[-75.20395282,39.965621081],[-75.20394602,39.965580018],[-75.204369255,39.965531394]]]},"liDistrict":"CENTRAL WEST","certifications":[{"number":"BC-2024-025940","type":"Fire Alarm Certification","inspectionDate":"2024-04-24","result":"Certified","expirationDate":"2025-04-24","buildingId":"1550191"},{"number":"BC-2024-022655","type":"Sprinkler Certification","inspectionDate":"2024-07-25","result":"Certified","expirationDate":"2025-07-25","buildingId":"1550191"},{"number":"BC-2025-022214","type":"Fire Alarm Certification","inspectionDate":"2025-07-29","result":"Certified","expirationDate":"2026-07-29","buildingId":"1550191"}],"cityRecordAvailability":{"violations":true,"investigations":true,"appeals":true,"certifications":true,"permits":true,"licenses":true},"zip":"19104","beds":null,"baths":null,"stories":3,"lotArea":2008,"zoning":"RM1","grade":"C+","basement":null,"heater":null,"centralAir":null,"extCond":"1","intCond":"1","garage":null,"homestead":false,"mail":"614 S 4TH ST #146, PHILADELPHIA PA, 19147","mailOut":false,"appeals":[],"taxYears":[],"taxNet":0,"taxLien":false,"taxLedgerThrough":2016,"taxLedgerAvailable":true,"timesSold":1,"abated":false,"assessmentExemption":false,"exemptionBasisVerified":false,"valueSeries":[{"y":2026,"v":93900,"taxable":93900,"land":93900,"improvement":0,"taxableLand":93900,"taxableImprovement":0,"exemptLand":0,"exemptImprovement":0},{"y":2027,"v":628100,"taxable":628100,"land":62800,"improvement":565300,"taxableLand":62800,"taxableImprovement":565300,"exemptLand":0,"exemptImprovement":0}],"taxNow":1314,"familyHeld":false,"lastTransferNominal":false,"permits":[{"number":"ZP-2020-007833","date":"2020-11-05","work":"New construction, addition, GFA change","type":"Zoning","description":"Zoning Permit","status":"Completed","completedDate":"2022-01-03","scope":"FOR THE ERECTION OF AN ATTACHED STRUCTURE(NTE 38' HIGH), ROOF DECK ACCESSED BY A PILOTHOUSE.SIZE AND LOCATION AS SHOWN IN THE APPLICATION."},{"number":"CP-2021-000037","date":"2021-02-02","work":"New Construction","type":"Building","description":"Commercial Building Permit","status":"Completed","completedDate":"2022-01-03","scope":"NEW CONSTRUCTION OF A THREE (3) STORY BUILDING WITH REAR DECKS AT THE SECOND AND THIRD FLOORS FOR USE AS FIVE (5) FAMILY DWELLING AS PER APPROVED PLANS. BUILDING TO BE FULLY SPRINKLERED PER NFPA 13. *2018 IBC REVIEW* **SEPARATE PERMITS REQUIRED FOR MEP & FIRE SUPPRESSION WORK**"},{"number":"MP-2021-000929","date":"2021-03-04","work":"New Construction","type":"Mechanical","description":"Mechanical / Fuel Gas Permit","status":"Completed","completedDate":"2022-01-03","scope":"EZ PERMIT DUCTWORK & WARM-AIR APPLIANCES - For the installation if New Ductwork, Registers/Grilles/Diffusers, and Warm-Air Appliances as per attached standards. Deviations from these standards require submission of construction and site plans. (Mini-split ductless systems ran at each unit, condensers to be placed in side yard. No roof penetrations required). FIVE MINI-SPLITS WITH NO DUCT WORK"},{"number":"FP-2021-000764","date":"2021-03-23","work":"New Construction","type":"Fire Suppression","description":"Fire Suppression Permit","status":"Completed","completedDate":"2021-12-20","scope":"FOR THE INSTALLATION OF A SPRINKLER SYSTEM AS PER NFPA 13 WITH 2\" FIRE SERVICE LINE AND BFP DEVICE AS PER APPROVED PLANS."},{"number":"PP-2021-005873","date":"2021-04-08","work":"New Construction or Additions","type":"Plumbing","description":"Plumbing Permit","status":"Completed","completedDate":"2021-05-19","scope":"New HD HT FAI 1 1/2 WDP"},{"number":"EP-2021-003113","date":"2021-04-09","work":"New Construction","type":"Electrical","description":"Electrical Permit","status":"Completed","completedDate":"2021-11-16","scope":"Electrical for new construction, 3-story multi-family with 5 units. Installation of a 400 amp service, (4) 125A panels, and (1) 100A house panel. Complete wiring as per 2017 NEC. Install fire alarm system as per 2016 NFPA 72."},{"number":"PP-2021-005968","date":"2021-04-14","work":"New Construction or Additions","type":"Plumbing","description":"Plumbing Permit","status":"Completed","completedDate":"2021-12-17","scope":"No gas, new construction plumbing for 5-units."}],"storyTag":"New construction","storyDelta":null,"timeline":[{"y":2020,"k":"land","p":173000},{"y":2020,"k":"permit","w":"New construction, addition, GFA change"},{"y":2021,"k":"permit","w":"New Construction"},{"y":2021,"k":"permit","w":"New Construction"},{"y":2021,"k":"permit","w":"New Construction"},{"y":2021,"k":"permit","w":"New Construction or Additions"},{"y":2021,"k":"permit","w":"New Construction"},{"y":2021,"k":"permit","w":"New Construction or Additions"}],"rented":true,"licenses":[{"number":"904634","type":"Rental","status":"Active","businessName":"SRD I LP","legalName":"SRD I LP ","address":"720 N PRESTON ST","revenueCode":"3202","rentalCategory":"Residential Dwellings","units":5,"issuedDate":"2022-08-30","latestIssueDate":"2025-08-07","expirationDate":"2026-08-29","inactiveDate":null}],"licenseActivity":[{"number":"904634","type":"Rental","businessName":"SRD I LP","legalName":"SRD I LP ","issuedDate":"2022-08-30","latestIssueDate":"2025-08-07","closureDate":null,"expirationDate":"2026-08-29","inactiveDate":null,"status":"Active","statusLabel":"Active","active":true}],"businessLicenseSourceDate":"2026-07-25","units":5,"signals":[{"kind":"permit-mismatch","level":"watch","title":"Assessment/permit mismatch","summary":"The assessment jumped 569% in 2027, but no matching permit appears in the property timeline.","evidence":["assessment moved from $93,900 to $628,100","no permit shown in 2026-2028"],"caveat":"Not proof of unpermitted work; reassessment, corrected data, or a permit under another parcel can also explain it."}],"legalChecks":[{"id":"use-occupancy","level":"attention","title":"Zoning approval is not the occupancy file","finding":"The record identifies more than one dwelling/use.","why":"Philadelphia says a zoning approval or Property Sales Certification can identify a use without proving that it was established under the Building Code. A change of use, unit count, exits, or fire rating can require a Building Permit and Certificate of Occupancy.","action":"Verify the lawful use, unit count, associated construction permits, and Certificate of Occupancy with L&I.","url":"https://www.phila.gov/services/permits-violations-licenses/get-a-certificate/get-a-certificate-of-occupancy/"},{"id":"building-certifications","level":"attention","title":"A life-safety certification appears expired","finding":"Fire Alarm Certification: Certified through Jul 29, 2026; Sprinkler Certification: Certified through Jul 25, 2025","why":"Fire-protection certifications apply to the named system and inspection period only; they are not a whole-building safety certificate. Philadelphia generally requires annual sprinkler, standpipe, fire-alarm, special-hazard, and emergency-power inspections where those systems exist.","action":"Request the correction/reinspection and current filed certificate.","url":"https://www.phila.gov/departments/department-of-licenses-and-inspections/inspections/maintenance-certifications/fire-protection-certifications/"},{"id":"rental-license","level":"verify","title":"A rental license does not transfer with the deed","finding":"1 active Rental License record matched.","why":"If dwelling space is rented, the buyer must obtain a new annual Rental License; the seller’s license is not transferable. New applications require proof of ownership and legal occupancy, tax compliance, no open L&I violations, and lead compliance where applicable.","action":"Plan the buyer’s replacement license before settlement.","url":"https://www.phila.gov/services/permits-violations-licenses/rent-or-sell-property/get-a-rental-license/"},{"id":"commercial-trash","level":"verify","title":"A separate Commercial Trash account may apply","finding":"OPA classifies the parcel as apartments. BlockReport does not receive a current Commercial Trash account balance.","why":"Philadelphia charges qualifying small commercial, mixed-use, and multi-unit properties that use City collection; exemptions and private collection can change applicability. A use category alone does not prove a fee is due.","action":"Check the Commercial Trash account inside the date-effective Property Payoff.","url":"https://www.phila.gov/2026-06-09-pay-your-trash-fee-bill-by-june-30/"}],"closingChecks":[{"title":"Property Sales Certification","body":"The seller must obtain Philadelphia’s certificate showing the base zoning, last use in the zoning record, and open violations. The City warns that it does not prove Building Code occupancy or show zoning overlays.","action":"Obtain the fresh certificate and compare it with the CO, permits, and Atlas overlays.","url":"https://www.phila.gov/services/permits-violations-licenses/get-a-certificate/get-a-property-sales-certification/"},{"title":"Date-effective City Property Payoff","body":"The Tax Center Property Payoff covers Real Estate Tax, Commercial Trash, and L&I abatement-work invoices. Philadelphia says it does not include business-tax debts or liens, water and sewer charges, or fines for code violations.","action":"Request the City statement effective through settlement; read every period and invoice.","url":"https://www.phila.gov/guides/philadelphia-tax-center/what-to-do/"},{"title":"Professional title and water-lien searches","body":"OPA ownership, deed summaries, and a zero tax balance are not clear title. Mortgages, judgments, municipal claims, water liens, easements, heirs, and other encumbrances require separate searches.","action":"Use a Pennsylvania lawyer/title company and obtain owner’s title insurance; order the separate water search/payoff.","url":"https://www.phila.gov/2026-04-07-why-title-insurance-is-your-best-friend-when-buying-a-home-in-philadelphia/","secondaryUrl":"https://www.phila.gov/services/water-gas-utilities/pay-or-dispute-a-water-bill/resolve-water-liens-judgments/"}]}