NOT LISTED FOR SALE

Estimated Value: $850,000 - $1,386,000

3 Beds
2.5 Baths
2,420 Sq Ft
$1,127/mo HOA Fee

Last Sold July 29, 2022

Last sale price $920,000 $380 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $7,106/month

38 Days on Market

Highlights

  • Traditional Architecture
  • Elevator
  • Forced Air Heating and Cooling System
  • 3 Fireplaces
  • 1 Car Direct Access Garage
  • 3-minute walk to Rittenhouse Square

About This Home

As of July 2022

Welcome to 2031 Walnut St. #4F a spacious 3 bed, 2.5 bath penthouse residence with private elevator, roofdeck and parking in the coveted Rittenhouse Square neighborhood! The striking converted brownstone facade invites you into the vestibule with historic curved railing and carved wood features that lead to your fourth floor penthouse or enjoy a quick ride on your private elevator! The first level begins with gleaming original hardwood floors which were just refinished, crown molding, recessed lighting, 10ft ceilings, modern high end finishes, and a fresh coat of paint throughout. Just past the center stairs discover your newly updated kitchen with stainless steel appliances including a paneled sub zero fridge, paneled dishwasher, stone countertops, and breakfast bar. A perfectly situated dining space made for dinner parties or family gatherings sits directly off of the kitchen with an ornate mantle, multiple large windows that illuminate the space and a new chandelier. Travel down the hall to your sun soaked living space with an original carved wood mantle and fireplace, built in wet bar, crystal chandelier, beautiful molding and 3 expansive south facing windows overlooking Walnut Street. To complete this level find a hallway half bath and a well sized bedroom with marble fireplace mantle, large closet with built-ins and an ensuite bath with clawfoot tub, tiled floors and linen closet. Up the stairs to the second floor, boasting 2 sizable bedrooms with 10ft ceilings, hardwood floors, and recessed lighting. The rear bedroom is complete with a walk-in closet with built-ins. Primary bathroom with water closet, soaking tub, fully tiled shower, decorative tiled floors, modern vanity with storage and medicine cabinet. The Primary bedroom features a walk-in closet with built-ins, and 3 large south facing windows that illuminate the space. More light pours in from 2 overhead skylights. Access the rear roof deck just down the hall with Trex decking. Enjoy summer evenings grilling and sipping cocktails while overlooking the city! This home is made for entertaining! Rittenhouse Square Park, Vernick Food & Drink, La Colombe, Friday Saturday Sunday, Parc, Rouge, and all that center city has to offer are just steps away!

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.

Last Agent to Sell the Property

Patrick Campbell

Compass RE License #RS286983 Listed on: 04/27/2022

Compass RE

Last Buyer's Agent

Rob Warner

Keller Williams Real Estate-Blue Bell License #RS329364

Keller Williams Real Estate-Blue Bell

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,028

Year Built

  • Built in 1900

HOA Fees

  • $1,127 Monthly HOA Fees

Parking

  • Assigned Parking Garage Space
  • Heated Garage
  • Private Parking

Home Design

  • Traditional Architecture
  • Masonry

Interior Spaces

  • 2,420 Sq Ft Home
  • Property has 2 Levels
  • 3 Fireplaces
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Hot Water Heating System
  • Electric Water Heater
  • Public Septic

Listing and Financial Details

  • Tax Lot 362
  • Assessor Parcel Number 888087051

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, heat, insurance, snow removal
  • Low-Rise Condominium
  • Rittenhouse Square Subdivision

Amenities

  • Elevator

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,028

Year Built

Built in 1900

Lot Details

0

HOA Fees

$1,127 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Traditional
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2022-04-28
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Remarks Public: Welcome to 2031 Walnut St. #4F a spacious 3 bed, 2.5 bath penthouse residence with private elevator, roofdeck and parking in the coveted Rittenhouse Square neighborhood! The striking converted brownstone facade invites you into the vestibule with historic curved railing and carved wood features that lead to your fourth floor penthouse or enjoy a quick ride on your private elevator! The first level begins with gleaming original hardwood floors which were just refinished, crown molding, recessed lighting, 10ft ceilings, modern high end finishes, and a fresh coat of paint throughout. Just past the center stairs discover your newly updated kitchen with stainless steel appliances including a paneled sub zero fridge, paneled dishwasher, stone countertops, and breakfast bar. A perfectly situated dining space made for dinner parties or family gatherings sits directly off of the kitchen with an ornate mantle, multiple large windows that illuminate the space and a new chandelier. Travel down the hall to your sun soaked living space with an original carved wood mantle and fireplace, built in wet bar, crystal chandelier, beautiful molding and 3 expansive south facing windows overlooking Walnut Street. To complete this level find a hallway half bath and a well sized bedroom with marble fireplace mantle, large closet with built-ins and an ensuite bath with clawfoot tub, tiled floors and linen closet. Up the stairs to the second floor, boasting 2 sizable bedrooms with 10ft ceilings, hardwood floors, and recessed lighting. The rear bedroom is complete with a walk-in closet with built-ins. Primary bathroom with water closet, soaking tub, fully tiled shower, decorative tiled floors, modern vanity with storage and medicine cabinet. The Primary bedroom features a walk-in closet with built-ins, and 3 large south facing windows that illuminate the space. More light pours in from 2 overhead skylights. Access the rear roof deck just down the hall with Trex decking. Enjoy summer evenings grilling and sipping cocktails while overlooking the city! This home is made for entertaining! Rittenhouse Square Park, Vernick Food & Drink, La Colombe, Friday Saturday Sunday, Parc, Rouge, and all that center city has to offer are just steps away! 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.
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 1
  • Fireplaces Count: 3
  • Fireplace: Yes
  • Levels Count: 2
  • Basement: No
  • Total Sq Ft: 2420
  • Living Area Sq Ft: 2420
  • Price Per Sq Ft: 454.50
  • Above Grade Finished Sq Ft: 2420
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2031

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 1
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Parking Features: Heated, Private
  • Garage Features: Inside Access
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Parking Garage
  • Parking Garage Number Of Spaces: 1

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air, Hot Water
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer, Public Septic
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 1127.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Elevator
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Heat, Insurance, Snow Removal
  • HOA: No
  • Senior Community: No

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District Key: 300200397108
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 554700.00
  • Land Assessed Value: 90300.00
  • Land Use Code: 571
  • Lot Dimensions: 0.00 x 0.00
  • Year Assessed: 2022
  • Zoning: CMX4

Rental Info

  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4571578
  • School Tax: 4954.00
  • Tax Annual Amount: 9028.00
  • Assessor Parcel Number: 888087051
  • Tax Lot: 362
  • Tax Total Finished Sq Ft: 2245
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 07/29/2022

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 1, 2016
Sold by
Fsb Llc
Bought by
Riis Jason and Riis Valerie Michele
Current Estimated Value
$932,801

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Outstanding Balance
$727,514
Interest Rate
3.64%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$406,256
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Riis Jason $970,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Riis Jason $900,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2022 07/29/22 Sold $920,000 -16.4% $380 / Sq Ft
06/16/2022 06/16/22 Price Changed $1,099,900 -8.3% $455 / Sq Ft
06/07/2022 06/07/22 For Sale $1,199,900 0.0% $496 / Sq Ft
06/05/2022 06/05/22 Pending -- -- --
04/27/2022 04/27/22 For Sale $1,199,900 -- $496 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,932 $886,800 $124,100 $762,700
2024 $9,932 $886,800 $124,100 $762,700
2023 $9,932 $709,500 $99,300 $610,200
2022 $9,029 $709,500 $99,300 $610,200
2021 $9,029 $0 $0 $0
2020 $9,029 $0 $0 $0
2019 $448 $0 $0 $0
2018 $8,208 $0 $0 $0
2017 $8,208 $0 $0 $0
2016 $8,089 $0 $0 $0
2015 $7,858 $0 $0 $0
2014 -- $586,400 $58,640 $527,760
2012 -- $44,480 $13,647 $30,833
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAPH2109544

Bright MLS

APN: 888087051