NOT LISTED FOR SALE

Estimated Value: $3,716,000 - $4,347,000

3 Beds
3.5 Baths
3,200 Sq Ft
$3,472/mo HOA Fee

Last Sold July 22, 2024

Last sale price $3,825,000 $1,195 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $25,210/month

154 Days on Market

Highlights

  • Concierge
  • 4-minute walk to 5Th Street
  • Contemporary Architecture
  • Fitness Center
  • Parking Attendant
  • 2-minute walk to Washington Square

About This Home

As of July 2024

This luxurious condominium is located above Independence Hall and offers a refined living experience. It is the first unit of its type for resale in the prestigious Residences at 500 Walnut and features 3,200 square feet of living space. The unit is turnkey and has been uniquely crafted to provide a one-of-a-kind experience. Upon entering the condominium through double doors, you will be greeted by an impressive foyer with a custom lighting fixture. The open dining and kitchen area is illuminated by panoramic floor-to-ceiling windows, creating a bright and spacious atmosphere. The gourmet kitchen is expertly designed with waterfall edge quartz counters, a breakfast bar, Gaggenau appliances, white lacquered soft-close cabinetry, and a 200+ bottle wine storage case. The dining and living room area features wide-plank hardwood floors, a vented gas fireplace, and custom recessed lighting. From here, you can step out onto a large terrace that overlooks Independence Mall, offering captivating views of historic Philadelphia. The owner's suite is spacious and includes bright windows, terrace access, lofty tray ceilings with recessed lighting, and a walk-in double closet with customized storage. The ensuite bathroom features two oversized vanities, a standing glass-enclosed rain shower, and a Toto washlet toilet. There are also two additional generously sized bedrooms, each with a three-piece bathroom and large closets. In addition to the bedrooms, the condominium includes an entertainment room, home office, hall powder room, laundry room, Lutron lighting and shade system, and ample storage throughout. Developed by the highly esteemed Scannapieco Development Corporation, this exclusive residence offers only 34 units for unmatched privacy and prestige. Residents of this condo at 500 Walnut can enjoy two-car parking in the fully automated parking garage, which includes the country's first induction charging for electric cars. The building also offers world-class amenities such as a 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. Located at the corner of 5th and Walnut Streets, this imperial building is conveniently close to the neighborhood's most distinguished restaurants, cafes, boutiques, and major transportation options. Experience extraordinary style, comfort, and convenience in Philadelphia's most sought-after zip code! This condominium is also available for lease at $15,000 per month.

Last Agent to Sell the Property

Mary Genovese Colvin

Compass RE Listed on: 01/17/2024

Compass RE

Co-Listed By

Margaux Genovese Pelegrin

Compass RE

Last Buyer's Agent

laurie Phillips

BHHS Fox & Roach At the Harper, Rittenhouse Square License #RS129115A

BHHS Fox & Roach At the Harper, Rittenhouse Square

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,874

Year Built

  • Built in 2017

HOA Fees

  • $3,472 Monthly HOA Fees

Parking

  • Assigned Subterranean Space
  • Electric Vehicle Home Charger
  • Parking Attendant
  • Secure Parking

Home Design

  • Contemporary Architecture
  • Masonry

Interior Spaces

  • 3,200 Sq Ft Home
  • Property has 1 Level
  • Gas Fireplace
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Additional Features

  • Accessible Elevator Installed
  • Terrace
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tax Lot 76
  • Assessor Parcel Number 888501228

Community Details

Overview

  • Association fees include common area maintenance, electricity, gas, health club, insurance, management, snow removal, water
  • High-Rise Condominium
  • Society Hill Subdivision

Amenities

  • Concierge
  • Game Room
  • Community Center
  • Meeting Room

Recreation

  • Fitness Center
  • Community Indoor Pool
  • Lap or Exercise Community Pool

Pet Policy

  • Pets allowed on a case-by-case basis

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,874

Year Built

Built in 2017

Lot Details

0

HOA Fees

$3,472 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: Elevator
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2024-01-17
  • Year Built: 2017
  • Automatically Close On Close Date: No
  • Remarks Public: This luxurious condominium is located above Independence Hall and offers a refined living experience. It is the first unit of its type for resale in the prestigious Residences at 500 Walnut and features 3,200 square feet of living space. The unit is turnkey and has been uniquely crafted to provide a one-of-a-kind experience. Upon entering the condominium through double doors, you will be greeted by an impressive foyer with a custom lighting fixture. The open dining and kitchen area is illuminated by panoramic floor-to-ceiling windows, creating a bright and spacious atmosphere. The gourmet kitchen is expertly designed with waterfall edge quartz counters, a breakfast bar, Gaggenau appliances, white lacquered soft-close cabinetry, and a 200+ bottle wine storage case. The dining and living room area features wide-plank hardwood floors, a vented gas fireplace, and custom recessed lighting. From here, you can step out onto a large terrace that overlooks Independence Mall, offering captivating views of historic Philadelphia. The owner's suite is spacious and includes bright windows, terrace access, lofty tray ceilings with recessed lighting, and a walk-in double closet with customized storage. The ensuite bathroom features two oversized vanities, a standing glass-enclosed rain shower, and a Toto washlet toilet. There are also two additional generously sized bedrooms, each with a three-piece bathroom and large closets. In addition to the bedrooms, the condominium includes an entertainment room, home office, hall powder room, laundry room, Lutron lighting and shade system, and ample storage throughout. Developed by the highly esteemed Scannapieco Development Corporation, this exclusive residence offers only 34 units for unmatched privacy and prestige. Residents of this condo at 500 Walnut can enjoy two-car parking in the fully automated parking garage, which includes the country's first induction charging for electric cars. The building also offers world-class amenities such as a 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. Located at the corner of 5th and Walnut Streets, this imperial building is conveniently close to the neighborhood's most distinguished restaurants, cafes, boutiques, and major transportation options. Experience extraordinary style, comfort, and convenience in Philadelphia's most sought-after zip code! This condominium is also available for lease at $15,000 per month.
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 8
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 3200
  • Living Area Sq Ft: 3200
  • Price Per Sq Ft: 1359.38
  • Above Grade Finished Sq Ft: 3200
  • 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
  • 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, Electric Vehicle Charging Station(s), Secure Parking
  • Garage Features: Covered Parking, Inside Access, 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: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 3472.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Community Center, Concierge, Elevator, Exercise Room, Fitness Center, Game Room, Meeting Room, Pool - Indoor
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Electricity, Gas, Health Club, Insurance, Management, Snow Removal, Water
  • HOA: No
  • Senior Community: No
  • Community Pool Features: Indoor, Lap/Exercise

Schools

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

Lot Info

  • Land Use Code: 590
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Outdoor Living Structures: Terrace
  • Year Assessed: 2023
  • Zoning: CMX4

Rental Info

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

Tax Info

  • School Tax: 2126.00
  • Tax Annual Amount: 3874.00
  • Assessor Parcel Number: 888501228
  • Tax Lot: 76
  • Tax Total Finished Sq Ft: 3200
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 07/22/2024

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2024
Closed on
Jul 17, 2024
Sold by
William D Toler Revocable Trust and Deborah H Toler Revocable Trust
Bought by
Unit 802 Walnut Trust and Rubenstein
Seller's Agent
Mary Genovese Colvin
Compass RE
Buyer's Agent
laurie Phillips
BHHS Fox & Roach At the Harper, Rittenhouse Square
List Price
$4,350,000
Sold Price
$3,825,000
Premium/Discount to List
-$525,000
-12.07%
Views
83
Current Estimated Value
$3,930,187

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,187
Avg. Annual Appreciation
2.54%

Purchase Details

Closed on
Dec 27, 2017
Sold by
500 Walnut Partners Lp
Bought by
Toler William D and The William D Toler Revocable Trust
Source: Public Records

Range of Values:

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Average Value
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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
Unit 802 Walnut Trust $3,825,000 Land Services Usa
Toler William D $3,998,630 Northest Esceutive Abst Agnc
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/22/2024 07/22/24 Sold $3,825,000 -12.1% $1,195 / Sq Ft
06/20/2024 06/20/24 Pending -- -- --
01/17/2024 01/17/24 For Sale $4,350,000 -- $1,359 / 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 $3,875 $3,599,500 $287,800 $3,311,700
2024 $3,875 $3,599,500 $287,800 $3,311,700
2023 $3,875 $3,461,100 $276,800 $3,184,300
2022 $3,726 $276,800 $276,800 $0
2021 $3,726 $0 $0 $0
2020 $3,726 $0 $0 $0
2019 $3,583 $0 $0 $0
2018 $37,925 $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: PAPH2312336

Bright MLS

APN: 888501228