NOT LISTED FOR SALE

Estimated Value: $4,471,000 - $6,359,488

3 Beds
3.5 Baths
4,300 Sq Ft
$5,062/mo HOA Fee

Highlights

  • Concierge
  • 4-minute walk to 5Th Street
  • Newly Remodeled
  • Fitness Center
  • Taxi Service
  • 2-minute walk to Washington Square

About This Home

As of August 2023

Residence 1400 is a stunning 3-bedroom, 3.5-bathroom home in iconic 500 Walnut. Designed by renowned architect Cecil Baker, this distinctive building is a rare boutique and luxurious condominium, situated in Society Hill just off Washington Square with only 34 residential units and top of the art service and amenities.

Step into the private elevator that takes you to this impressive 4,300 square foot residence, where you'll be welcomed by your very own foyer. Glass doors from the foyer open to the great room, offering awe-inspiring views of the parks, river, and bridges. The space is beautifully complemented by floor-to-ceiling windows, a gas fireplace, high ceilings, rich Walnut floors, and plenty of natural light that fills the space.

The professional kitchen is a chef's dream, equipped with top-of-the-line Sub-Zero and Wolf appliances. It features an oversized island with a stunning Quartz countertop and bar seating . The generously sized dining area seamlessly connects the kitchen and living spaces, providing effortless entertaining opportunities with access to a oversized terrace viewing Independence National Park, city and bridge views . Additionally, there is a den /office off the kitchen for relaxation, and a dedicated media room for enjoying your favorite entertainment.

The primary bedroom suite offers a tranquil retreat with a cozy seating area and a balcony that fills the room with natural sunlight, offering stunning south-facing views. The suite also boasts a generously sized walk-in closet thoughtfully designed with ample storage for two individuals. The master bath is a luxurious haven, featuring a soaking tub, an oversized walk-in shower, abundant storage, and a separate toilet room. Two
additional en suite bedrooms and a powder room complete the private quarters of this exceptional residence.

This remarkable home can be purchased fully furnished for an additional fee and offers additional storage on the same level as the apartment, including a mudroom and laundry room. Residents of 500 Walnut enjoy exclusive access to a comprehensive range of amenities, such as automated parking system, an indoor
pool and spa, sauna, a massage room, a well-equipped gym, guest suite, boardroom, and a gathering room with a fireplace and bar. Furthermore, a magnificent 4,000-square-foot terrace with a fireplace and comfortable seating areas provides a captivating view of Independence National Park and a guest suite located on the 4th floor could provide additional boarding for weekend visitors. This magical residence benefit a 10 years tax abatement, starting March 2018.

Last Agent to Rent the Property

Bruno Pouget

Compass RE License #AB068095 Listed on: 08/03/2023

Compass RE

Last Renter's Agent

Arvind Balaji

KW Empower

KW Empower

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,904

Year Built

  • Built in 2017 | Newly Remodeled

Lot Details

  • East Facing Home
  • Property is in excellent condition

HOA Fees

  • $5,062 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Basement Garage
  • Oversized Parking
  • Side Facing Garage
  • Garage Door Opener

Home Design

  • Contemporary Architecture
  • Masonry

Interior Spaces

  • 4,300 Sq Ft Home
  • Property has 1 Level
  • 1 Fireplace
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Finished Basement

  • Heated Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Garage Access

Accessible Home Design

  • Mobility Improvements
  • More Than Two Accessible Exits

Schools

  • Benjamin Franklin High School

Utilities

  • Forced Air Heating and Cooling System
  • Radiant Heating System
  • Electric Water Heater

Listing and Financial Details

  • Residential Lease
  • Security Deposit $18,500
  • Rent includes parking, additional storage space
  • No Smoking Allowed
  • 24-Month Min and 36-Month Max Lease Term
  • Available 9/1/23
  • Assessor Parcel Number 888501246

Community Details

Overview

  • $10,124 Capital Contribution Fee
  • Association fees include alarm system, common area maintenance, exterior building maintenance, health club, insurance, management, parking fee, pest control, pool(s), reserve funds, sauna, security gate, snow removal, trash, unknown fee
  • High-Rise Condominium
  • 500 Walnut Condominium Condos
  • Washington Sq West Subdivision
  • Property Manager

Amenities

  • Concierge
  • Taxi Service
  • Transportation Service
  • Answering Service
  • Sauna
  • Billiard Room
  • Meeting Room
  • Party Room
  • Community Dining Room
  • 2 Elevators
  • Community Storage Space

Recreation

  • Fitness Center
  • Community Indoor Pool
  • Community Spa

Pet Policy

  • Pets Allowed
  • Pet Deposit $500

Condo Details

Home Type

Condominium

Est. Annual Taxes

$6,904

Year Built

Built in 2017 | Newly Remodeled

Lot Details

0

HOA Fees

$5,062 per month

Parking

2

Rental Info

  • Date Available: 2023-09-01
  • Pet Deposit: 500.00
  • Pets: Pet Addendum/Deposit
  • Pets Allowed: Yes
  • Rent Includes: Parking, Additional Storage Space
  • Security Deposit: 18500.00
  • Smoking Allowed Yn: No
  • Vacation Rental: No
  • Property Manager: Yes
  • Max Lease in Months: 36
  • Min Lease in Months: 24
  • Rent Spree Online Application: No

Listing Details

  • Property Type: Residential Lease
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Contemporary
  • Accessibility Features: 2+ Access Exits, Mobility Improvements
  • New Construction: Yes
  • Story List: Main
  • Year Built: 2017
  • Washer Dryer Hookups YN: Yes
  • Special Features: 4098
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Entry Floor: 14
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Elevators Count: 2
  • Floors In Unit Count: 1
  • Levels Count: 1
  • Basement: Yes
  • Basement Type: Full, Fully Finished, Garage Access, Heated, Improved, Interior Access
  • Total Sq Ft: 4300
  • Living Area Sq Ft: 4300
  • Price Per Sq Ft: 4.30
  • Above Grade Finished Sq Ft: 4300
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 500

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 4.00
  • Main Level Full Bathrooms: 3
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry, Glass
  • Construction Completed: Yes
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Covered Parking, Built In, Basement Garage, Garage - Side Entry, Garage Door Opener, Inside Access, Oversized, Underground
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage

Utilities

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

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 5062.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: 500 WALNUT CONDOMINIUM
  • HOA Condo Co-Op Amenities: Answering Service, Billiard Room, Concierge, Dining Rooms, Elevator, Exercise Room, Extra Storage, Fitness Center, Meeting Room, Party Room, Pool - Indoor, Reserved/Assigned Parking, Sauna, Spa, Swimming Pool, Taxi Service, Transportation Service
  • HOA Condo Co-Op Fee Includes: Alarm System, Common Area Maintenance, Ext Bldg Maint, Health Club, Insurance, Management, Parking Fee, Pest Control, Pool(s), Reserve Funds, Sauna, Security Gate, Snow Removal, Trash, Unknown Fee
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Capital Contribution Fee: 10124.00

Schools

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

Lot Info

  • Land Use Code: 590
  • Lot Dimensions: 0.00 x 0.00
  • Property Condition: Excellent
  • Zoning: CMX4
  • Zoning Description: CMX-4

Tax Info

  • Assessor Parcel Number: 888501246
  • Close Date: 08/04/2023

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 22, 2020
Sold by
500 Walnut Partners Lp
Bought by
Cohen Jenny Zhu
Current Estimated Value
$5,701,496
Source: Public Records

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/04/2023 08/04/23 Rented $18,500 0.0% --
08/03/2023 08/03/23 For Rent $18,500 -- --
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 $6,904 $6,411,700 $512,900 $5,898,800
2024 $6,904 $6,411,700 $512,900 $5,898,800
2023 $6,904 $6,165,100 $493,200 $5,671,900
2022 $6,638 $493,200 $493,200 $0
2021 $6,638 $0 $0 $0
2020 $6,638 $0 $0 $0
2019 $6,383 $0 $0 $0
2018 $67,554 $0 $0 $0
2017 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAPH2264694

Bright MLS

APN: 888501246