NOT LISTED FOR SALE
3 Beds
3.5 Baths
4,300 Sq Ft
$4,300/mo HOA Fee

Last Sold May 03, 2023

Last sale price $5,000,000 $1,163 Per Sq Ft

121 Days on Market

Highlights

  • Fitness Center
  • Gourmet Kitchen
  • Contemporary Architecture
  • Penthouse
  • Open Floorplan
  • 4-minute walk to Barkan Park

About This Home

As of May 2023

World-class luxury meets the nationâ??s most historic backdrop. Behold, the entire sixteenth floor of 500 Walnut, the first resale of a highly coveted upper floor. Philadelphiaâ??s most prestigious luxury address has rewritten the standards for the ultra-luxury buyer with breathtaking panoramas and amenities exceeding the finest global standards.The 4300 square foot unit, purchased as raw/unfinished space, has undergone complete renovation with impeccable luxury craftsmanship at every finish. The chic, sophisticated, tailored layout is framed by floor to ceiling views of the Philadelphia skyline. Dressed in mineral tones, it is both striking and serene. The design unites gorgeous hardwood floors, glorious light, high tray ceilings, custom molding, a gas fireplace, recessed lighting and exposure on all sides. Two dramatic and sun drenched terraces allow you to embrace the vibrant city in utter privacy. A custom Downsview kitchen is grounded by a large seated soapstone island. Wolf and Sub Zero appliances ring the perimeter of the kitchen while a breakfast bar with Miele coffee maker opens to a gorgeous dining space. Through a pocket door find a study with extensive built-ins. Down a private hallway, double doors open to an expansive primary suite. The bedroom proper has a seating area, beverage and coffee bar with refrigeration and sliding doors to terrace. Eastern and southern exposures provide sunlit space all day, but Lutron touch controlled shades throughout the home close for privacy and sleep. The primary bath, with radiantly heated floors, a deep under window soaking tub, large seated steam shower with rain and body sprays, wash-stand height vanities presents like a four star retreat. Two additional large bedrooms feature dramatic floor to ceiling windows and south, west and east facing views. Both have immaculate, full tile ensuite bathrooms. The open and airy space is dominated by stunning panorama at every turn. A large laundry suite and mudroom with wall mounted organizational /storage system make this space â??Home Editâ? functional and easily customizable. All of this situated in Philadelphiaâ??s beloved Society Hill neighborhood surrounded by the cityâ??s most acclaimed restaurants, cafes and shops made all the more charming as you wind the cobblestones squares and narrow streets. A commuters dream with easy access to all major roadways and trains. The exclusive 34 residences are provided full accommodation with access to a 24 hr concierge, Mercedes town car with driver, guest suite, billiard room, board room, amenity and event space, lap pool with hot tub, fitness center, steam, sauna, and access to massage. A 4,000 square foot treetop terrace with fireplace, seating and expansive private garden overlooks Independence Hall. The dynamic, touchless parking system is the fastest valet in the city. There are 7 years remaining on the tax abatement.

Last Agent to Sell the Property

Lavinia Smerconish

Compass RE License #RS149832A Listed on: 11/21/2022

Compass RE

Co-Listed By

Sarah West

Compass RE

Last Buyer's Agent

Allan Domb

Allan Domb Real Estate License #RB043135A

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,508

Year Built

  • Built in 2017 | Remodeled in 2019

HOA Fees

  • $4,300 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Side Facing Garage

Home Design

  • Penthouse
  • Contemporary Architecture
  • Masonry

Interior Spaces

  • 4,300 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Built-In Features
  • Recessed Lighting
  • Window Treatments
  • Dining Area
  • Wood Flooring

Kitchen

  • Gourmet Kitchen
  • Breakfast Area or Nook
  • Kitchen Island

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Walk-In Closet
  • Soaking Tub

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 888501250

Community Details

Overview

  • $8,600 Capital Contribution Fee
  • Association fees include common area maintenance, exterior building maintenance, health club, insurance, management, pool(s), sewer, trash, water
  • High-Rise Condominium
  • Society Hill Subdivision

Recreation

  • Fitness Center
  • Community Indoor Pool

Pet Policy

  • Pets Allowed

Security

  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,508

Year Built

Built in 2017 | Remodeled in 2019

Lot Details

0

HOA Fees

$4,300 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Penthouse Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Contemporary
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Year Built: 2017
  • Year Renovated: 2019
  • Automatically Close On Close Date: No
  • Remarks Public: World-class luxury meets the nation’s most historic backdrop. Behold, the entire sixteenth floor of 500 Walnut, the first resale of a highly coveted upper floor. Philadelphia’s most prestigious luxury address has rewritten the standards for the ultra-luxury buyer with breathtaking panoramas and amenities exceeding the finest global standards.The 4300 square foot unit, purchased as raw/unfinished space, has undergone complete renovation with impeccable luxury craftsmanship at every finish. The chic, sophisticated, tailored layout is framed by floor to ceiling views of the Philadelphia skyline. Dressed in mineral tones, it is both striking and serene. The design unites gorgeous hardwood floors, glorious light, high tray ceilings, custom molding, a gas fireplace, recessed lighting and exposure on all sides. Two dramatic and sun drenched terraces allow you to embrace the vibrant city in utter privacy. A custom Downsview kitchen is grounded by a large seated soapstone island. Wolf and Sub Zero appliances ring the perimeter of the kitchen while a breakfast bar with Miele coffee maker opens to a gorgeous dining space. Through a pocket door find a study with extensive built-ins. Down a private hallway, double doors open to an expansive primary suite. The bedroom proper has a seating area, beverage and coffee bar with refrigeration and sliding doors to terrace. Eastern and southern exposures provide sunlit space all day, but Lutron touch controlled shades throughout the home close for privacy and sleep. The primary bath, with radiantly heated floors, a deep under window soaking tub, large seated steam shower with rain and body sprays, wash-stand height vanities presents like a four star retreat. Two additional large bedrooms feature dramatic floor to ceiling windows and south, west and east facing views. Both have immaculate, full tile ensuite bathrooms. The open and airy space is dominated by stunning panorama at every turn. A large laundry suite and mudroom with wall mounted organizational /storage system make this space ‘Home Edit” functional and easily customizable. All of this situated in Philadelphia’s beloved Society Hill neighborhood surrounded by the city’s most acclaimed restaurants, cafes and shops made all the more charming as you wind the cobblestones squares and narrow streets. A commuters dream with easy access to all major roadways and trains. The exclusive 34 residences are provided full accommodation with access to a 24 hr concierge, Mercedes town car with driver, guest suite, billiard room, board room, amenity and event space, lap pool with hot tub, fitness center, steam, sauna, and access to massage. A 4,000 square foot treetop terrace with fireplace, seating and expansive private garden overlooks Independence Hall. The dynamic, touchless parking system is the fastest valet in the city. There are 7 years remaining on the tax abatement.
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 16
  • Flooring Type: Hardwood
  • Interior Amenities: Breakfast Area, Built-Ins, Dining Area, Elevator, Entry Level Bedroom, Floor Plan - Open, Kitchen - Gourmet, Kitchen - Island, Recessed Lighting, Soaking Tub, Walk-In Closet(s), Window Treatments, Wood Floors
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 4300
  • Living Area Sq Ft: 4300
  • Price Per Sq Ft: 1626.74
  • 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
  • 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: Inside Access, Garage - Side Entry
  • 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: 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: 4300.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Pool - Indoor, Exercise Room, Fitness Center, Security
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Health Club, Insurance, Management, Pool(s), Sewer, Trash, Water
  • HOA: No
  • Senior Community: No

Fee Information

  • Capital Contribution Fee: 8600.00

Schools

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

Lot Info

  • Land Assessed Value: 536400.00
  • Lot Dimensions: 0.00 x 0.00
  • Year Assessed: 2023
  • Zoning: CMX4

Rental Info

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

Tax Info

  • Assessor Parcel Number: 15731974
  • School Tax: 4120.00
  • Tax Annual Amount: 7508.00
  • Assessor Parcel Number: 888501250
  • Tax Data Updated: No
  • Tax Year: 2023
  • Close Date: 05/03/2023

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

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
05/03/2023 05/03/23 Sold $5,000,000 -28.5% $1,163 / Sq Ft
11/21/2022 11/21/22 For Sale $6,995,000 -- $1,627 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAPH2181254

Bright MLS