{"asOf":"2026-07-28T14:27:17.761Z","block":"700-799 WALLACE ST","blockUrl":"https://philadelphia.blockreport.homes/block/700-799-wallace-st","address":"703 WALLACE ST","parcelNumber":"888140630","source":"https://property.phila.gov/?p=888140630","ownerType":"investor","kind":"house","isHouse":true,"home":true,"commercial":false,"residential":true,"taxExempt":false,"institutional":false,"buildingCode":"530","buildingCodeNew":"41","buildingClass":"RES CONDO 2 STY MASONRY","buildingClassNew":null,"useLabel":"House","owner":"FRANKLIN PERTH LLC","coOwner":null,"marketValue":134600,"landAssessment":13460,"improvementAssessment":121140,"livableArea":604,"yearBuilt":1900,"lastSale":{"price":540000,"date":"2008-08-08T04:00:00Z"},"openViolations":0,"violations":[],"violationCases":[],"investigations":[],"taxOwed":0,"taxSnapshot":{"available":true,"asOf":"2022-06","matched":false},"taxDelinquencySnapshotAsOf":"2022-06","taxDelinquencySnapshotAvailable":true,"lat":39.963248172130896,"lng":-75.14971448055614,"geom":null,"liDistrict":"CENTRAL EAST","certifications":[{"number":"BC-2023-005916","type":"Fire Escape Report","inspectionDate":"2017-06-27","result":"Safe with Repair","expirationDate":"2022-06-27","buildingId":"1081512"},{"number":"BC-2023-002130","type":"Fire Escape Report","inspectionDate":"2022-10-18","result":"Safe","expirationDate":"2027-10-18","buildingId":"1016464"},{"number":"BC-2023-002127","type":"Fire Escape Report","inspectionDate":"2022-10-18","result":"Safe","expirationDate":"2027-10-18","buildingId":"1037411"},{"number":"BC-2023-002134","type":"Fire Escape Report","inspectionDate":"2022-10-18","result":"Safe","expirationDate":"2027-10-18","buildingId":"1081512"},{"number":"BC-2023-002126","type":"Fire Escape Report","inspectionDate":"2022-10-18","result":"Safe","expirationDate":"2027-10-18","buildingId":"1037412"},{"number":"BC-2023-002131","type":"Fire Escape Report","inspectionDate":"2022-10-18","result":"Safe","expirationDate":"2027-10-18","buildingId":"1016584"},{"number":"BC-2023-002140","type":"Fire Escape Report","inspectionDate":"2022-10-18","result":"Safe","expirationDate":"2027-10-18","buildingId":"1054723"},{"number":"BC-2023-002128","type":"Fire Escape Report","inspectionDate":"2022-10-18","result":"Safe","expirationDate":"2027-10-18","buildingId":"1037414"},{"number":"BC-2023-002135","type":"Fire Escape Report","inspectionDate":"2022-10-18","result":"Safe","expirationDate":"2027-10-18","buildingId":"1062809"},{"number":"BC-2023-002139","type":"Fire Escape Report","inspectionDate":"2022-10-18","result":"Safe","expirationDate":"2027-10-18","buildingId":"1062807"},{"number":"BC-2023-002112","type":"Fire Escape Report","inspectionDate":"2022-10-18","result":"Safe with Repair","expirationDate":"2023-04-18","buildingId":"1038107"},{"number":"BC-2023-002138","type":"Fire Escape Report","inspectionDate":"2022-10-18","result":"Safe","expirationDate":"2027-10-18","buildingId":"1060169"},{"number":"BC-2023-002132","type":"Fire Escape Report","inspectionDate":"2022-10-18","result":"Safe","expirationDate":"2027-10-18","buildingId":"1022568"},{"number":"BC-2023-002133","type":"Fire Escape Report","inspectionDate":"2022-10-18","result":"Safe","expirationDate":"2027-10-18","buildingId":"1017652"},{"number":"BC-2023-002149","type":"Fire Escape Report","inspectionDate":"2022-10-19","result":"Safe","expirationDate":"2027-10-19","buildingId":"1051028"},{"number":"BC-2023-002146","type":"Fire Escape Report","inspectionDate":"2022-10-19","result":"Safe","expirationDate":"2027-10-19","buildingId":"1054271"},{"number":"BC-2023-002142","type":"Fire Escape Report","inspectionDate":"2022-10-19","result":"Safe","expirationDate":"2027-10-19","buildingId":"1051027"},{"number":"BC-2023-002144","type":"Fire Escape Report","inspectionDate":"2022-10-19","result":"Safe","expirationDate":"2027-10-19","buildingId":"1054269"},{"number":"BC-2023-002147","type":"Fire Escape Report","inspectionDate":"2022-10-19","result":"Safe","expirationDate":"2027-10-19","buildingId":"1051029"},{"number":"BC-2023-008885","type":"Fire Escape Report","inspectionDate":"2023-04-25","result":"Safe","expirationDate":"2028-04-25","buildingId":"1038107"},{"number":"BC-2025-013407","type":"Fire Alarm Certification","inspectionDate":"2025-05-06","result":"Certified","expirationDate":"2026-05-06","buildingId":"1016436"}],"cityRecordAvailability":{"violations":true,"investigations":true,"appeals":true,"certifications":true,"permits":true,"licenses":true},"zip":"19123","beds":2,"baths":1,"stories":1,"lotArea":null,"zoning":"RM1","grade":"C","basement":"1","heater":null,"centralAir":false,"extCond":"3","intCond":"3","garage":null,"homestead":false,"mail":"2929 WALNUT STREET, PHILADELPHIA PA, 19104","mailOut":false,"appeals":[],"taxYears":[],"taxNet":0,"taxLien":false,"taxLedgerThrough":2016,"taxLedgerAvailable":true,"timesSold":0,"abated":false,"assessmentExemption":false,"exemptionBasisVerified":false,"valueSeries":[{"y":2016,"v":78500,"taxable":78500,"land":7850,"improvement":70650,"taxableLand":7850,"taxableImprovement":70650,"exemptLand":0,"exemptImprovement":0},{"y":2017,"v":90300,"taxable":90300,"land":15351,"improvement":74949,"taxableLand":15351,"taxableImprovement":74949,"exemptLand":0,"exemptImprovement":0},{"y":2018,"v":90300,"taxable":90300,"land":15351,"improvement":74949,"taxableLand":15351,"taxableImprovement":74949,"exemptLand":0,"exemptImprovement":0},{"y":2019,"v":94300,"taxable":94300,"land":18860,"improvement":75440,"taxableLand":18860,"taxableImprovement":75440,"exemptLand":0,"exemptImprovement":0},{"y":2020,"v":94300,"taxable":94300,"land":18860,"improvement":75440,"taxableLand":18860,"taxableImprovement":75440,"exemptLand":0,"exemptImprovement":0},{"y":2021,"v":94300,"taxable":94300,"land":18860,"improvement":75440,"taxableLand":18860,"taxableImprovement":75440,"exemptLand":0,"exemptImprovement":0},{"y":2022,"v":94300,"taxable":94300,"land":18860,"improvement":75440,"taxableLand":18860,"taxableImprovement":75440,"exemptLand":0,"exemptImprovement":0},{"y":2023,"v":103700,"taxable":103700,"land":20700,"improvement":83000,"taxableLand":20700,"taxableImprovement":83000,"exemptLand":0,"exemptImprovement":0},{"y":2024,"v":103700,"taxable":103700,"land":20700,"improvement":83000,"taxableLand":20700,"taxableImprovement":83000,"exemptLand":0,"exemptImprovement":0},{"y":2025,"v":124400,"taxable":124400,"land":24800,"improvement":99600,"taxableLand":24800,"taxableImprovement":99600,"exemptLand":0,"exemptImprovement":0},{"y":2026,"v":124400,"taxable":124400,"land":24800,"improvement":99600,"taxableLand":24800,"taxableImprovement":99600,"exemptLand":0,"exemptImprovement":0},{"y":2027,"v":134600,"taxable":134600,"land":13460,"improvement":121140,"taxableLand":13460,"taxableImprovement":121140,"exemptLand":0,"exemptImprovement":0}],"taxNow":1741,"familyHeld":false,"lastTransferNominal":false,"permits":[{"number":"CP-2023-005853","date":"2023-11-09","work":"Addition and/or Alteration","type":"Building","description":"Commercial Building Permit","status":"Completed","completedDate":"2024-02-15","scope":"FOR THE REPAIR TO AN EXISTING CMU WALL AS PER PLANS."}],"storyTag":"Improved","storyDelta":null,"timeline":[{"y":2023,"k":"permit","w":"Addition and/or Alteration"}],"rented":true,"licenses":[{"number":"868867","type":"Rental","status":"Active","businessName":"FRANKLIN PERTH LLC","legalName":"FRANKLIN PERTH LLC","address":"703 WALLACE ST","revenueCode":"3202","rentalCategory":"Residential Dwellings","units":1,"issuedDate":"2021-05-20","latestIssueDate":"2026-05-12","expirationDate":"2027-05-19","inactiveDate":null}],"licenseActivity":[{"number":"868867","type":"Rental","businessName":"FRANKLIN PERTH LLC","legalName":"FRANKLIN PERTH LLC","issuedDate":"2021-05-20","latestIssueDate":"2026-05-12","closureDate":null,"expirationDate":"2027-05-19","inactiveDate":null,"status":"Active","statusLabel":"Active","active":true}],"businessLicenseSourceDate":"2026-07-27","signals":[],"legalChecks":[{"id":"building-certifications","level":"attention","title":"A life-safety certification appears expired","finding":"Fire Escape Report: Safe through Apr 25, 2028; Fire Alarm Certification: Certified through May 6, 2026","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":"lead","level":"verify","title":"Lead compliance is a separate record","finding":"OPA records a 1900 build year; BlockReport does not receive the Health Department’s unit-level lead certificate file.","why":"Philadelphia requires covered pre-March-1978 rentals to be certified lead-safe or lead-free for a new or renewed lease and for a new or renewed Rental License. A certificate is unit-specific; a renovation does not by itself create an exemption.","action":"Request the current lead certificate or City exemption for every dwelling unit.","url":"https://www.phila.gov/documents/lead-and-healthy-homes-resources-for-landlords/"}],"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/"},{"title":"Seller-specific tax relief is not the buyer’s bill","body":"LOOP and low-income or senior Real Estate Tax freezes depend on the qualifying owner and continued program eligibility; a buyer cannot assume the seller’s capped or frozen bill continues. A separately verified property abatement often remains with the property for its remaining term, but program-specific new-owner filing, use, and tax-compliance conditions still must be confirmed—not inferred from the reduced assessment alone.","action":"Have Revenue or OPA identify every current benefit, model the buyer’s bill without seller-specific relief, and confirm any verified abatement in writing.","url":"https://www.phila.gov/services/payments-assistance-taxes/payment-plans-and-assistance-programs/income-based-programs-for-residents/apply-for-the-longtime-owner-occupants-program-loop/","secondaryUrl":"https://www.phila.gov/services/payments-assistance-taxes/taxes/property-and-real-estate-taxes/get-real-estate-tax-relief/tax-freeze/"},{"title":"Seller disclosure and independent inspections","body":"For a covered Pennsylvania residential transfer, obtain the statutory seller disclosure. It reports the seller’s knowledge; it is not a warranty, title search, code review, or substitute for inspections. Because OPA dates this building before 1978, separately obtain the required federal/City lead disclosures and any test results.","action":"Have the agreement and disclosure reviewed for this transaction’s coverage and exceptions.","url":"https://www.pa.gov/agencies/dos/department-and-offices/bpoa/boards-commissions/real-estate-commission"}]}