{"asOf":"2026-07-25T16:02:19.177Z","block":"700-799 CHESTNUT ST","blockUrl":"https://philadelphia.blockreport.homes/block/700-799-chestnut-st","address":"725 CHESTNUT ST","parcelNumber":"888501000","source":"https://property.phila.gov/?p=888501000","ownerType":"investor","kind":"commercial","isHouse":false,"home":false,"commercial":true,"residential":false,"taxExempt":false,"institutional":false,"buildingCode":"6A0","buildingCodeNew":"254","buildingClass":"COM CONDO 1 STY MASONRY","buildingClassNew":"DOWNTOWN ROW TYPE-* SNGL OCCP","useLabel":"Commercial","owner":"725 CHESTNUT STREET DEVEL","coOwner":null,"marketValue":707500,"landAssessment":70750,"improvementAssessment":636750,"livableArea":3700,"yearBuilt":1900,"lastSale":{"price":2250000,"date":"2014-08-25T04:00:00Z"},"openViolations":0,"violations":[],"violationCases":[],"investigations":[],"taxOwed":0,"taxSnapshot":{"available":true,"asOf":"2022-06","matched":false},"taxDelinquencySnapshotAsOf":"2022-06","taxDelinquencySnapshotAvailable":true,"lat":39.94987006635445,"lng":-75.15331860525244,"geom":{"type":"Polygon","coordinates":[[[-75.15322631,39.950100162],[-75.153322681,39.949629821],[-75.153411011,39.949640574],[-75.153314282,39.950110488],[-75.15322631,39.950100162]]]},"liDistrict":"CENTRAL EAST","certifications":[],"cityRecordAvailability":{"violations":true,"investigations":true,"appeals":true,"certifications":true,"permits":true,"licenses":true},"zip":"19106","beds":null,"baths":null,"stories":null,"lotArea":1,"zoning":"CMX5","grade":"C","basement":null,"heater":null,"centralAir":null,"extCond":"3","intCond":"3","garage":null,"homestead":false,"mail":"1315 WALNUT ST, PHILADELPHIA PA, 19107","mailOut":false,"appeals":[],"taxYears":[],"taxNet":0,"taxLien":false,"taxLedgerThrough":2016,"taxLedgerAvailable":true,"timesSold":0,"abated":true,"assessmentExemption":true,"exemptionBasisVerified":false,"valueSeries":[{"y":2018,"v":540000,"taxable":216700,"land":84700,"improvement":455300,"taxableLand":84700,"taxableImprovement":132000,"exemptLand":0,"exemptImprovement":323300},{"y":2019,"v":567000,"taxable":224776,"land":85050,"improvement":481950,"taxableLand":85050,"taxableImprovement":139726,"exemptLand":0,"exemptImprovement":342224},{"y":2020,"v":618000,"taxable":244994,"land":92700,"improvement":525300,"taxableLand":92700,"taxableImprovement":152294,"exemptLand":0,"exemptImprovement":373006},{"y":2021,"v":618000,"taxable":244994,"land":92700,"improvement":525300,"taxableLand":92700,"taxableImprovement":152294,"exemptLand":0,"exemptImprovement":373006},{"y":2022,"v":618000,"taxable":244994,"land":92700,"improvement":525300,"taxableLand":92700,"taxableImprovement":152294,"exemptLand":0,"exemptImprovement":373006},{"y":2023,"v":673600,"taxable":267082,"land":101040,"improvement":572560,"taxableLand":101040,"taxableImprovement":166042,"exemptLand":0,"exemptImprovement":406518},{"y":2024,"v":673600,"taxable":267082,"land":101040,"improvement":572560,"taxableLand":101040,"taxableImprovement":166042,"exemptLand":0,"exemptImprovement":406518},{"y":2025,"v":697100,"taxable":276354,"land":104500,"improvement":592600,"taxableLand":104500,"taxableImprovement":171854,"exemptLand":0,"exemptImprovement":420746},{"y":2026,"v":697100,"taxable":276354,"land":104500,"improvement":592600,"taxableLand":104500,"taxableImprovement":171854,"exemptLand":0,"exemptImprovement":420746},{"y":2027,"v":707500,"taxable":707500,"land":70750,"improvement":636750,"taxableLand":70750,"taxableImprovement":636750,"exemptLand":0,"exemptImprovement":0}],"taxNow":3868,"familyHeld":false,"lastTransferNominal":false,"permits":[{"number":"678079","date":"2016-04-20","work":"Major alteration","type":"BP_ALTER","description":"ALTERATION PERMIT","status":"COMPLETED","completedDate":"2016-09-08","scope":"ALTERATIONS TO THE 1ST FLOOR TENANT SPACE TO CONSTRUCT PARTITIONS FOR TWO NEW, UNISEX ACCESSIBLE TOILET ROOMS, A CHANGING ROOM, AND A MECHANICAL ROOM, AND FOR THE INSTALLATION OF A COMMUNICATING STAIR IN AN EXISTING OPENING BETWEEN THE 1ST FLOOR AND BASEMENT."},{"number":"689426","date":"2016-05-04","work":"Plumbing","type":"PP_PLUMBNG","description":"PLUMBING PERMIT","status":"COMPLETED","completedDate":"2016-09-06","scope":"6 FIXTURES WITH PIPING TENANT FIT OUT (MIXED USE) THE INSTALLATION WILL COMPLY WITH THE PHILADELPHIA PLUMBING CODE 2004"},{"number":"693574","date":"2016-05-19","work":"Suppression","type":"BP_FIRESUP","description":"SUPPRESSION PERMIT","status":"COMPLETED","completedDate":"2016-09-07","scope":"RELOCATE 30 SRINKLER HEADS"},{"number":"693443","date":"2016-06-02","work":"Mechanical","type":"BP_MECH","description":"MECHANICAL PERMIT","status":"COMPLETED","completedDate":"2016-09-06","scope":"INSTALL ONE 10 TON YORK SPLIT HEAT PUMP SYSTEM COMPLETE WITH ALL DUCTWORK AND DIFFUSERS ON THE 1ST FLOOR OF AN EXISTING STRUCTURE."},{"number":"688931","date":"2016-08-29","work":"Electrical","type":"EP_ELECTRL","description":"ELECTRICAL PERMIT","status":"COMPLETED","completedDate":"2016-09-07","scope":"INSTALLING TWO PANELS 200 AMP, 3 PHASE FROM EXISTING METER BANK. INSTALLING 30 LIGHTS, 22 OUTLETS, HVAC CIRCUIT, 10 SWITCHES PER 2008 NEC (MIXED USE)CC DISTRICT RELOCATING HORN STROBES TO SUITE NEW FLOOR LAYOUT, ADDING STROBES IN RESTROOMS PER NFPA 72"}],"storyTag":"Improved","storyDelta":null,"timeline":[{"y":2016,"k":"permit","w":"Major alteration"},{"y":2016,"k":"permit","w":"Plumbing"},{"y":2016,"k":"permit","w":"Suppression"},{"y":2016,"k":"permit","w":"Mechanical"},{"y":2016,"k":"permit","w":"Electrical"}],"rented":false,"licenses":[],"licenseActivity":[],"businessLicenseSourceDate":"2026-07-24","signals":[],"legalChecks":[{"id":"building-certifications","level":"verify","title":"A fire-system permit exists, but no annual certification matched","finding":"1 fire/suppression-related permit matched; the fetched BIN certification feed returned no row.","why":"Installed systems in mixed-use and larger buildings generally require periodic certification, but applicability and limited-area exceptions vary. A missing BIN/address join is not proof of a compliance failure.","action":"Confirm what system was installed and whether a current annual certificate is required and filed.","url":"https://www.phila.gov/departments/department-of-licenses-and-inspections/inspections/maintenance-certifications/fire-protection-certifications/"},{"id":"abatement","level":"verify","title":"A reduced taxable assessment is not a verified abatement","finding":"OPA’s numeric assessment fields show a reduced taxable assessment; BlockReport has no official program determination for this parcel.","why":"The numeric treatment can reflect an improvement abatement or another exemption. It does not identify the ordinance, approval, start or end date, or continuation requirements after a transfer. Once OPA verifies a specific active abatement, many common programs attach the benefit to the property for the remaining term rather than ending automatically at sale, but some require a new-owner filing and continued qualifying use or tax compliance.","action":"Obtain the OPA exemption/abatement determination and history, then underwrite the buyer’s bill from the verified program terms.","url":"https://www.phila.gov/services/payments-assistance-taxes/taxes/property-and-real-estate-taxes/get-real-estate-tax-relief/get-a-property-tax-abatement/"},{"id":"commercial-trash","level":"verify","title":"A separate Commercial Trash account may apply","finding":"OPA classifies the parcel as commercial. 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/"}]}