Listed By:
Compass Pennsylvania, LLC; (267) 435-8015
Address
500 Walnut Street # 802, Philadelphia, PA
Price
$ 4,995,000
Property Attributes
  • MLS#PAPH2084382
  • TypeCondos
  • MunicipalityPHILADELPHIA
  • CountyPHILADELPHIA
  • CityPhiladelphia
  • Area19106
  • NeighborhoodSociety Hill
  • Zip19106
  • StyleContemporary
  • Year Built2017
  • Taxes$ 3726
  • Price$ 4,995,000
  • Bedrooms3
  • Full Bathrooms3
  • Half Bathrooms1
  • Sqr Footage3200
Data Source:
Bright MLS
Property Description

Perched high above Independence Hall this impeccably crafted luxury condominium is a refined showpiece not to be missed. The first resale in the premier Residences at 500 Walnut, this 3,200 square feet turnkey unit was uniquely crafted devising a one of a kind living experience. Since its opening in 2017, the sophisticated buyer has identified this building as the benchmark of world-class luxury and prestige. The double door entry leads you into an impressive foyer with a custom lighting fixture. Continue on to an expansive open dining and kitchen brilliantly lit from panoramic floor to ceiling windows. The gourmet kitchen was expertly designed with waterfall edge quartz counters and breakfast bar, Gaggenau appliances, white lacquered soft-close cabinetry, and a 200+ bottle wine storage case. The dining and living room feature wide-plank hardwood floors, vented gas fireplace, and custom recessed lighting. From here, step out onto a large terrace overlooking verdant Independence Mall to revel in the captivating sights and sounds of historic Philadelphia. The owner's suite offers a spacious bedroom with bright windows, terrace access, lofty tray ceilings with recessed lighting, and a walk-in double closet with customized storage. The ensuite bath has 2 oversized vanities, standing glass-enclosed rain shower, and Toto washlet toilet. The 2 additional bedrooms, also generously sized, each have a 3 piece bath and large closets. This condominium also has an entertainment room, home office, hall powder room, laundry room, Lutron lighting and shade system, and ample storage throughout all hidden behind touch doors. Developed by the highly esteemed Scannapieco Development Corporation, this exclusive residence offers only 34 residences for unmatched privacy and prestige. Enjoy 2 car parking in the fully automated parking garage including the country's first induction charging for electric cars. 500 Walnut also provides a host of world-class amenities including full-service concierge and doorman, a Mercedes town car and driver, a guest suite, and a 4,000 square foot treetop terrace overlooking Independence Hall. This imperial building sits elegantly at the corner of 5th and Walnut Streets with close proximity to the neighborhood's most distinguished restaurants, cafes, boutiques, and all major transportation options. Experience extraordinary style, comfort, and convenience in Philadelphia's most sought-after zip code! There are 8 years remaining on the tax abatement. The City of Philadelphia has completed a real estate tax reassessment, effective January 1, 2023. If you have any questions or concerns about the impact of this reassessment on future real estate taxes, please contact the City of Philadelphia. Compass RE is not involved in the City of Philadelphia’s tax reassessment and does not have any input or control in the results.

Price History
2/16/2022 Listed $5,350,000
3/25/2022 3% - $5,199,000
7/18/2022 4% - $4,995,000

General Features

Accessibility Elevator
Architectural Style Contemporary
Association Amenities Community Center, Concierge, Elevator, Exercise Room, Fitness Center, Game Room, Meeting Room, Other, Pool - Indoor
Association Fee Includes Common Area Maintenance, Electricity, Gas, Health Club, Insurance, Management, Snow Removal, Water
Association Y/N No
Bathrooms Count Main Level 4.00
Bathrooms Full Main Level 3
Community Pool Features Indoor, Lap/Exercise
Condo/Coop Association Y/N Yes
Construction Materials Masonry
Cool Fuel Electric
Cooling Central A/C
County PHILADELPHIA
Days on Market 229
Garage Spaces, Detached Garage 2.00
Garage Y/N Yes
HOA Fee 2 3472.00
HOA Fee 2 Frequency Monthly
Heating Forced Air
Levels 1
MLS Area 19106 (19106)
New Construction No
Other Structures Above Grade, Below Grade
Patio/Porch Features Terrace
Percent Ownership Condominium
Pool Y/N Yes - Community
Possession Negotiable
Price Per Sq Ft 1560.94
Property Type Residential
School District 300200397108
School District THE SCHOOL DISTRICT OF PHILADELPHIA
Senior Community Y/N No
Sewer Public Sewer
Structure Type Unit/Flat/Apartment
Subdivision Name SOCIETY HILL
Tax Annual Amount 3726.0
Tax Lot 76
Tax Year 2022
Unit Number 802
Vacation Rental Y/N No
Water Access Y/N No
Waterfront Y/N No
Zoning CMX4

Interior Features

Above Grade Finished Area 3200
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type Square Feet
Basement Y/N No
Bathrooms Half Main Level 1
Below Grade Finished Area Source Assessor
Below Grade Finished Area Unit Type Square Feet
Below Grade Unfin Area Units Square Feet
Below Grade Unfin Sqft Source Assessor
Central Air Y/N Yes
Entry Level 8
Fireplace Y/N Yes
Full Baths 3
Half Baths 1
Heating Fuel Electric
Heating Y/N Yes
Hot Water Other
Main Level Bedrooms 3
Total Baths 4
Total Bedrooms 3
Total Fireplaces 1

Exterior Features

Living Area 3200
Garage Features Covered Parking, Inside Access, Underground
Lot Dimensions 0.00 x 0.00
Navigable Water Y/N No
Parking Features Attendant, Electric Vehicle Charging Station(s), Secure Parking
Parking Garage - # Of Spaces 2
Total Parking Spaces 2
Type of Parking Parking Garage
Water Oriented Y/N No
Water Source Public
Water View Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Condos Average in 19106

Price
AVG $1.15M
$5M
Taxes
AVG $6,651
$3,726
Visits
AVG 61
474
Year Built
AVG 1950
2017
Walkscore
AVG 97
99
Data Provided by Walkscore ® not using MLS data

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