NOT LISTED FOR SALE

Estimated Value: $2,979,000 - $3,871,000

3 Beds
3.5 Baths
2,700 Sq Ft
$3,375/mo HOA Fee

Last Sold April 30, 2024

Last sale price $3,000,000 $1,111 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $22,089/month

203 Days on Market

Highlights

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

About This Home

As of April 2024

Residence 601, the only 3 bedroom, 3.5 bathroom turn-key residence for sale in the esteemed 500 Walnut building, stands as a masterpiece by renowned architect Cecil Baker. Situated in the sought-after Washington Square neighborhood, this rare luxury home seamlessly combines new and modern elements while paying homage to Philadelphia's rich history within one of the city's most exclusive residential projects.Upon entering this inviting space with a grand gallery and 10-foot ceilings, discover an open living and dining area adorned with floor-to-ceiling windows that provide captivating south-facing views. The living spaces are characterized by an impressive feature wall housing a gas-burning fireplace, a built-in television, and an art gallery with customized lighting.The Joanne Hudson kitchen, a culinary masterpiece, boasts a white Carrara polished marble countertop, under-cabinet lighting, and top-of-the-line appliances. Adding an extra touch of elegance, a beverage station with wine storage is complemented by a thoughtfully designed pantry with glass pocket doors.The primary suite offers a serene retreat with a south-facing balcony, a lavish walk-in closet, and a wine fridge and coffee station integrated into built-in display . The primary bathroom exudes luxury with a double vanity marble sink, an oversized shower featuring a waterfall showerhead, and radiant heated floors. The second bedroom, with its en-suite bath, provides ample closet space, while the third bedroom, currently a den/home office, features a view of Independence Park. Additional highlights include a spacious laundry room, Lutron motorized window shades for all windows, LED lighting, and porcelain floors with custom carpeting. With approximately four years remaining on the tax abatement and 2 state-of-the-art automated parking spaces, residence 601 presents a unique opportunity for luxurious living. Unparalleled amenities include a 24 hour doorman , a pool, an impressive fitness center with sauna, steam, and massage rooms, a 4000 sq ft entertainment area with an outdoor fireplace, a golf simulator and billiards area, a boardroom, a pet spa, and a guest hotel suite for out-of-town guests. The luxury experience is further enhanced by the convenience of a private driver. Also included in the sale are the large mirror, living room TV, custom built furnitures in the bedroom and all lighting fixtures.

Last Agent to Sell the Property

Bruno Pouget

Compass RE License #AB068095 Listed on: 06/19/2023

Compass RE

Co-Listed By

Brett Caspi

Compass RE License #RSR003269

Last Buyer's Agent

Bruno Pouget

Compass RE License #AB068095 Listed on: 06/19/2023

Compass RE

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,185

Year Built

  • Built in 2017

Lot Details

  • East Facing Home
  • Property is in excellent condition

HOA Fees

  • $3,375 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

  • 2,700 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

Pool

  • Spa

Utilities

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

Listing and Financial Details

  • Tax Lot 760
  • Assessor Parcel Number 888501218

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
  • 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

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,185

Year Built

Built in 2017

Lot Details

0

HOA Fees

$3,375 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: 2+ Access Exits, Mobility Improvements
  • Ownership: Condominium
  • Exclusions: Antique Chinese sliding office door, dinner room fixtures and entrances sconces to be replaced by the developer selected pieces, 2 TV, primary bedroom curtains.
  • Historic: No
  • Inclusions: All fixtures and appliances, build-in office furnitures, safe, Lutron and windows shades treatments.
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2023-06-19
  • Year Built: 2017
  • Automatically Close On Close Date: No
  • Remarks Public: Residence 601, the only 3 bedroom, 3.5 bathroom turn-key residence for sale in the esteemed 500 Walnut building, stands as a masterpiece by renowned architect Cecil Baker. Situated in the sought-after Washington Square neighborhood, this rare luxury home seamlessly combines new and modern elements while paying homage to Philadelphia's rich history within one of the city's most exclusive residential projects. Upon entering this inviting space with a grand gallery and 10-foot ceilings, discover an open living and dining area adorned with floor-to-ceiling windows that provide captivating south-facing views. The living spaces are characterized by an impressive feature wall housing a gas-burning fireplace, a built-in television, and an art gallery with customized lighting. The Joanne Hudson kitchen, a culinary masterpiece, boasts a white Carrara polished marble countertop, under-cabinet lighting, and top-of-the-line appliances. Adding an extra touch of elegance, a beverage station with wine storage is complemented by a thoughtfully designed pantry with glass pocket doors. The primary suite offers a serene retreat with a south-facing balcony, a lavish walk-in closet, and a wine fridge and coffee station integrated into built-in display . The primary bathroom exudes luxury with a double vanity marble sink, an oversized shower featuring a waterfall showerhead, and radiant heated floors. The second bedroom, with its en-suite bath, provides ample closet space, while the third bedroom, currently a den/home office, features a view of Independence Park. Additional highlights include a spacious laundry room, Lutron motorized window shades for all windows, LED lighting, and porcelain floors with custom carpeting. With approximately four years remaining on the tax abatement and 2 state-of-the-art automated parking spaces, residence 601 presents a unique opportunity for luxurious living. Unparalleled amenities include a 24 hour doorman , a pool, an impressive fitness center with sauna, steam, and massage rooms, a 4000 sq ft entertainment area with an outdoor fireplace, a golf simulator and billiards area, a boardroom, a pet spa, and a guest hotel suite for out-of-town guests. The luxury experience is further enhanced by the convenience of a private driver. Also included in the sale are the large mirror, living room TV, custom built furnitures in the bedroom and all lighting fixtures.
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 6
  • 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: 2700
  • Living Area Sq Ft: 2700
  • Price Per Sq Ft: 1203.70
  • Above Grade Finished Sq Ft: 2700
  • 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
  • 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
  • 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
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 3375.00
  • Condo Co-Op Fee Frequency: Monthly
  • 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
  • School District Key: 300200397108
  • School District Source: Listing Agent

Lot Info

  • Additional Parcels: No
  • Land Use Code: 590
  • Lot Dimensions: 0.00 x 0.00
  • Property Condition: Excellent
  • Year Assessed: 2023
  • Zoning: CMX4

Rental Info

  • Lease Considered: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • School Tax: 1748.00
  • Tax Annual Amount: 3185.00
  • Assessor Parcel Number: 888501218
  • Tax Lot: 760
  • Tax Total Finished Sq Ft: 2700
  • Tax Data Updated: No
  • Tax Year: 2023
  • Close Date: 04/30/2024

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2023
Closed on
Apr 26, 2024
Sold by
Lisa C Whitney Revocable Trust and Whitney Lisa C
Bought by
Anguita Elena M
Seller's Agent
Bruno Pouget
Compass RE
Buyer's Agent
Bruno Pouget
Compass RE
List Price
$3,250,000
Sold Price
$3,000,000
Premium/Discount to List
-$250,000
-7.69%
Total Days on Market
203
Views
258
Current Estimated Value
$3,286,426

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$286,426
Avg. Annual Appreciation
8.81%
Original Mortgage
$1,750,000
Outstanding Balance
$1,731,252
Interest Rate
6.25%
Mortgage Type
New Conventional
Estimated Equity
$1,555,174

Purchase Details

Closed on
Aug 15, 2019
Sold by
500 Walnut Partners Lp
Bought by
Whitney Lisa C and Lisa C Whitney Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 24, 2017
Sold by
Six20
Bought by
Vaidya Neerav H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,920
Interest Rate
3.78%
Mortgage Type
New Conventional
Source: Public Records

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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
Anguita Elena M $3,000,000 None Listed On Document
Whitney Lisa C $3,850,000 None Available
Vaidya Neerav H $459,900 First Platinum Abstract Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Anguita Elena M $1,750,000
Previous Owner Whitney Lisa C $1,000,000
Previous Owner Vaidya Neerav H $332,920
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2024 04/30/24 Sold $3,000,000 -7.7% $1,111 / Sq Ft
01/09/2024 01/09/24 Pending -- -- --
11/27/2023 11/27/23 For Sale $3,250,000 +8.3% $1,204 / Sq Ft
11/23/2023 11/23/23 Off Market $3,000,000 -- --
10/26/2023 10/26/23 Price Changed $3,250,000 -9.1% $1,204 / Sq Ft
08/04/2023 08/04/23 Price Changed $3,575,000 -10.3% $1,324 / Sq Ft
06/19/2023 06/19/23 For Sale $3,985,000 -- $1,476 / 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 $3,186 $2,958,300 $236,700 $2,721,600
2024 $3,186 $2,958,300 $236,700 $2,721,600
2023 $3,186 $2,844,600 $227,600 $2,617,000
2022 $3,063 $227,600 $227,600 $0
2021 $3,063 $0 $0 $0
2020 $3,063 $0 $0 $0
2019 $2,945 $0 $0 $0
2018 $31,170 $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: PAPH2247986

Bright MLS

APN: 888501218