NOT LISTED FOR SALE

500 Walnut St Unit 202 Philadelphia, PA 19106

Society Hill Neighborhood

Estimated Value: $1,583,000 - $2,383,000

2 Beds
2 Baths
1,650 Sq Ft
$1,826/mo HOA Fee

Last Sold July 12, 2022

Last sale price $1,775,000 $1,076 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $12,054/month

205 Days on Market

Highlights

  • Concierge
  • 4-minute walk to 5Th Street
  • 24-Hour Security
  • Bar or Lounge
  • Fitness Center
  • 2-minute walk to Washington Square

About This Home

As of July 2022

A rare opportunity presents itself to own a 2-bedroom, 2-bathroom in the iconic 500 Walnut Street Condominium. Designed by renowned architect Cecil Baker, this distinctive building is a rare boutique and luxurious condominium, situated in Society Hill just off Washington Square.

An ideal layout with split bedrooms featuring an open concept living and dining space with beautifully finished hardwood floors, 10’ ceilings, LED lighting, a Lutron lighting system, and motorized window shades. The kitchen is outfitted with under cabinet lighting, quartz countertops and backsplash, and top-of-the-line stainless steel appliances including a Sub-Zero refrigerator, Wolf oven, and wine fridge. The primary suite is spacious and includes a walk-in closet and a large bathroom complete with marble tile, double vanity with plenty of storage space, a standing shower with a waterfall shower head, and radiant heat floors.

500 Walnut is a doorman building with a fully automated parking system, a pool, fitness center, massage rooms with steam and sauna, an entertainment area with an outdoor fireplace, golf simulator and billiards area, board room, pet spa, on-site daily chauffeur, and guest suite. A storage room and one-car deeded parking is included in the sale. A second parking space is available at an added cost. Low carrying cost with real estate taxes approximately 8 years remaining on the abatement. Furniture are also available for purchase separately.

Last Agent to Sell the Property

Bruno Pouget

Compass RE License #AB068095 Listed on: 11/19/2021

Compass RE

Co-Listed By

Brett Caspi

Compass RE License #RSR003269

Last Buyer's Agent

Melissa Valenti

Compass RE

Compass RE

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,850

Year Built

  • Built in 2017

Lot Details

  • East Facing Home
  • Property is in excellent condition

HOA Fees

  • $1,826 Monthly HOA Fees

Parking

  • Handicap Parking
  • 2 Assigned Subterranean Spaces
  • Basement Garage
  • Oversized Parking
  • Electric Vehicle Home Charger
  • Parking Storage or Cabinetry
  • Heated Garage
  • Lighted Parking
  • Front Facing Garage
  • On-Site Parking for Sale
  • Parking Attendant
  • Secure Parking

Home Design

  • Contemporary Architecture
  • Masonry

Interior Spaces

  • 1,650 Sq Ft Home
  • Property has 1 Level
  • Finished Basement

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Home Security

  • Monitored
  • Security Gate
  • Intercom
  • Exterior Cameras
  • Motion Detectors

Accessible Home Design

  • Accessible Elevator Installed
  • Halls are 48 inches wide or more
  • Wheelchair Height Mailbox
  • Mobility Improvements
  • Modifications for wheelchair accessibility
  • Chairlift
  • Doors swing in
  • No Interior Steps
  • Vehicle Transfer Area

Pool

  • Spa

Schools

  • Gen. George A. Mccall Middle School

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Utilizes Natural Gas
  • 200+ Amp Service
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 888501202

Community Details

Overview

  • $3,652 Capital Contribution Fee
  • Association fees include alarm system, common area maintenance, custodial services maintenance, exterior building maintenance, health club, insurance, lawn care front, lawn maintenance, management, parking fee, pool(s), recreation facility, reserve funds, sauna, security gate, snow removal, trash
  • High-Rise Condominium
  • 500 Walnut Condominium Condos
  • Built by Scannapieco Development Corporation
  • 500 Walnut Community
  • Washington Sq Subdivision
  • Property Manager

Amenities

  • Concierge
  • Doorman
  • Transportation Service
  • Answering Service
  • Common Area
  • Sauna
  • Community Center
  • Meeting Room
  • Party Room
  • Bar or Lounge
  • Guest Suites
  • 2 Elevators
  • Community Storage Space

Recreation

  • Fitness Center
  • Community Indoor Pool
  • Community Spa

Pet Policy

  • Pets allowed on a case-by-case basis

Security

  • 24-Hour Security
  • Front Desk in Lobby
  • Resident Manager or Management On Site
  • Gated Community
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,850

Year Built

Built in 2017

Lot Details

0

HOA Fees

$1,826 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Contemporary
  • Accessibility Features: 48"+ Halls, Chairlift, Doors - Swing In, Elevator, No Stairs, Mobility Improvements, Vehicle Transfer Area, Wheelchair Height Mailbox, Wheelchair Mod
  • Ownership: Condominium
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 2017
  • Automatically Close On Close Date: No
  • Remarks Public: A rare opportunity presents itself to own a 2-bedroom, 2-bathroom in the iconic 500 Walnut Street Condominium. Designed by renowned architect Cecil Baker, this distinctive building is a rare boutique and luxurious condominium, situated in Society Hill just off Washington Square. An ideal layout with split bedrooms featuring an open concept living and dining space with beautifully finished hardwood floors, 10’ ceilings, LED lighting, a Lutron lighting system, and motorized window shades. The kitchen is outfitted with under cabinet lighting, quartz countertops and backsplash, and top-of-the-line stainless steel appliances including a Sub-Zero refrigerator, Wolf oven, and wine fridge. The primary suite is spacious and includes a walk-in closet and a large bathroom complete with marble tile, double vanity with plenty of storage space, a standing shower with a waterfall shower head, and radiant heat floors. 500 Walnut is a doorman building with a fully automated parking system, a pool, fitness center, massage rooms with steam and sauna, an entertainment area with an outdoor fireplace, golf simulator and billiards area, board room, pet spa, on-site daily chauffeur, and guest suite. A storage room and one-car deeded parking is included in the sale. A second parking space is available at an added cost. Low carrying cost with real estate taxes approximately 8 years remaining on the abatement. Furniture are also available for purchase separately.
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 2
  • Flooring Type: Ceramic Tile, Carpet
  • Fireplace: No
  • Elevators Count: 2
  • Floors In Unit Count: 1
  • Levels Count: 1
  • Basement: Yes
  • Basement Type: Fully Finished
  • Laundry Type: Main Floor
  • Total Sq Ft: 1650
  • Living Area Sq Ft: 1650
  • Price Per Sq Ft: 1148.48
  • Above Grade Finished Sq Ft: 1650
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 500

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry, Concrete
  • Spa: 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
  • Parking Features: Attendant, Concrete Driveway, Electric Vehicle Charging Station(s), Handicap Parking, Heated, Lighted Parking, On-Site - Sale, Paved Parking, Private, Secure Parking, Under Home Parking
  • Garage Features: Additional Storage Area, Basement Garage, Covered Parking, Garage - Front Entry, Inside Access, Oversized, Underground
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Parking Garage
  • Parking Garage Number Of Spaces: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Natural Gas, Electric
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas, Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: 24 Hour Security, Carbon Monoxide Detector(s), Desk In Lobby, Doorman, Electric Alarm, Exterior Cameras, Fire Detection System, Intercom, Main Entrance Lock, Monitored, Motion Detectors, Resident Manager, Security Gate, Security System, Smoke Detector, Sprinkler System - Indoor, Surveillance Sys
  • Sewer/Septic System: Public Sewer
  • Utilities: Natural Gas Available, Electric Available, Cable Tv
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 1826.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: 500 Walnut Condominium
  • HOA Condo Co-Op Amenities: Answering Service, Bar/Lounge, Common Grounds, Community Center, Concierge, Elevator, Exercise Room, Extra Storage, Fitness Center, Gated Community, Guest Suites, Hot Tub, Meeting Room, Party Room, Pool - Indoor, Reserved/Assigned Parking, Sauna, Security, Swimming Pool, Transportation Service
  • HOA Condo Co-Op Fee Includes: Alarm System, Common Area Maintenance, Custodial Services Maintenance, Ext Bldg Maint, Health Club, Insurance, Lawn Care Front, Lawn Maintenance, Management, Parking Fee, Pool(s), Recreation Facility, Reserve Funds, Sauna, Security Gate, Snow Removal, Trash
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Capital Contribution Fee: 3652.00

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • Middle School: GEN. GEORGE A. MCCALL SCHOOL
  • Middle School Source: Listing Agent
  • School District Key: 300200397108
  • School District Source: Listing Agent
  • Middle Or Junior School: GEN. GEORGE A. MCCALL SCHOOL

Lot Info

  • Horses: No
  • Land Assessed Value: 132200.00
  • Lot Dimensions: 0.00 x 0.00
  • Property Condition: Excellent
  • Year Assessed: 2022
  • Zoning: CMX-4

Building Info

  • Builder Name: Scannapieco Development Corporation

Rental Info

  • Pets: Case By Case Basis
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 15731951
  • School Tax: 1015.00
  • Tax Annual Amount: 1850.00
  • Assessor Parcel Number: 888501202
  • Tax Data Updated: No
  • Tax Year: 2022
  • Close Date: 07/12/2022

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 19, 2021
Closed on
Jul 12, 2022
Sold by
Shaman Properties Llc
Bought by
Mclaughlin Joseph and Cohen Elan Adam
Seller's Agent
Bruno Pouget
Compass RE
Buyer's Agent
Melissa Valenti
Compass RE
List Price
$1,995,000
Sold Price
$1,775,000
Premium/Discount to List
-$220,000
-11.03%
Current Estimated Value
$1,847,577

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,577
Avg. Annual Appreciation
4.05%
Original Mortgage
$300,000
Outstanding Balance
$286,654
Interest Rate
5.09%
Mortgage Type
New Conventional
Estimated Equity
$1,722,532

Purchase Details

Closed on
Feb 13, 2019
Sold by
500 Walnut Partners Lp
Bought by
Shaman Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,350,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 26, 2017
Sold by
Six20 Lp
Bought by
Gallo Nicholas L and Gallo Jennifer J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$387,900
Interest Rate
3.78%
Mortgage Type
New Conventional
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
Mclaughlin Joseph $1,775,000 Community First Abstract
Shaman Properties Llc $1,800,000 None Available
Gallo Nicholas L $459,900 First Platinum Abstract Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mclaughlin Joseph $300,000
Previous Owner Shaman Properties Llc $1,350,000
Previous Owner Gallo Nicholas L $387,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2022 07/12/22 Sold $1,775,000 -6.3% $1,076 / Sq Ft
06/12/2022 06/12/22 Pending -- -- --
05/03/2022 05/03/22 Price Changed $1,895,000 -5.0% $1,148 / Sq Ft
03/15/2022 03/15/22 For Sale $1,995,000 0.0% $1,209 / Sq Ft
03/03/2022 03/03/22 Pending -- -- --
11/19/2021 11/19/21 For Sale $1,995,000 -- $1,209 / 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 $1,933 $1,814,400 $145,000 $1,669,400
2024 $1,933 $1,814,400 $145,000 $1,669,400
2023 $1,933 $1,728,000 $138,100 $1,589,900
2022 $1,851 $138,100 $138,100 $0
2021 $1,851 $0 $0 $0
2020 $1,851 $0 $0 $0
2019 $1,781 $0 $0 $0
2018 $18,844 $0 $0 $0
2017 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Bruno Pouget

    Seller's Agent in 2022

    Bruno Pouget

    Compass RE

    (215) 990-9525

    4 in this area

    50 Total Sales

    Bruno Pouget
    Section Image
  • Brett Caspi

    Seller Co-Listing Agent in 2022

    Brett Caspi

    Compass RE

    (516) 633-6106

    3 in this area

    49 Total Sales

    Brett Caspi
    Section Image
  • Melissa Valenti

    Buyer's Agent in 2022

    Melissa Valenti

    Compass RE

    (215) 939-5823

    11 in this area

    165 Total Sales

    Melissa Valenti
    Section Image
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Map

Source: Bright MLS

MLS Number: PAPH2047202

Bright MLS

APN: 888501202

Pennsylvania Philadelphia County Philadelphia 19106 Society Hill

500 Walnut St Unit 202, Philadelphia, PA

This home is located at 500 Walnut St Unit 202, Philadelphia, PA 19106 since 19 November 2021 and is currently estimated at $1,847,577, approximately $1,119 per square foot. This property was built in 2017. 500 Walnut St Unit 202 is a home located in Philadelphia County with nearby schools including General George A McCall Public School, Benjamin Franklin High School, and Mastery Charter High School Lenfest Campus.

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