725 Chestnut St Unit 2 Philadelphia, PA 19106
Old City NeighborhoodEstimated payment $11,371/month
Total Views
6,890
3
Beds
3.5
Baths
3,600
Sq Ft
$514
Price per Sq Ft
Highlights
- Gourmet Country Kitchen
- 3-minute walk to 8Th & Market St
- Stainless Steel Appliances
- Open Floorplan
- Wood Flooring
- Tray Ceiling
About This Home
Welcome to the pinnacle of modern sophistication in Philadelphia’s esteemed historic quarter, 725 Chestnut Street. This exquisite loft-style boutique condominium offers an unparalleled living experience with its expansive, full-floor layout spanning over 3,500 square feet. Nestled just minutes from the iconic Washington Square and Independence Hall, this residence seamlessly blends tranquility with vibrant city living.
Upon entry, you’ll discover a refined home featuring three generously sized bedrooms, each with a beautifully appointed ensuite bath. An additional powder room provides added convenience for guests. The expansive open floor plan is enhanced by state-of-the-art LED lighting and showcases a gourmet kitchen outfitted with top-tier Wolf and Sub-Zero appliances, complemented by Grohe and Kohler fixtures for a truly elevated touch.
Designed for privacy and security, this exclusive mid-rise building features a private elevator with fingerprint access which takes you directly to your unit. Additional amenities include a shared storage area, an intercom system, and in-building laundry facilities for added convenience.
Perfectly positioned just ten minutes from the 30th Street train station and five minutes from I-95, this prime location ensures seamless connectivity. In close proximity to renowned dining destinations and established retail, the convenience of city living starts here.
Enhancing the appeal of this exceptional residence, two years of tax abatement remain.
Experience an elevated urban lifestyle in a residence that masterfully blends historic charm with contemporary elegance. Welcome to your new home at 725 Chestnut Street, Unit 2.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $6,061
Year Built
- Built in 1900 | Remodeled in 2015
Lot Details
- South Facing Home
- Sprinkler System
HOA Fees
- $805 Monthly HOA Fees
Home Design
- Converted Dwelling
- Brick Exterior Construction
- Asphalt Roof
- Masonry
Interior Spaces
- 3,600 Sq Ft Home
- Property has 1 Level
- Open Floorplan
- Tray Ceiling
- Ceiling height of 9 feet or more
- Recessed Lighting
- Window Treatments
- Finished Basement
- Basement Fills Entire Space Under The House
Kitchen
- Gourmet Country Kitchen
- Cooktop with Range Hood
- Built-In Microwave
- Dishwasher
- Stainless Steel Appliances
Flooring
- Wood
- Heavy Duty
- Tile or Brick
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- Walk-In Closet
Laundry
- Laundry in unit
- Washer and Dryer Hookup
Home Security
- Home Security System
- Intercom
Accessible Home Design
- Accessible Elevator Installed
- Halls are 48 inches wide or more
- Wheelchair Height Mailbox
- Lowered Light Switches
- Mobility Improvements
- Doors with lever handles
- Doors are 32 inches wide or more
- No Interior Steps
- More Than Two Accessible Exits
- Level Entry For Accessibility
Outdoor Features
- Exterior Lighting
Utilities
- Forced Air Heating and Cooling System
- Cooling System Utilizes Natural Gas
- 200+ Amp Service
- 60 Gallon+ Natural Gas Water Heater
- Cable TV Available
Listing and Financial Details
- Tax Lot 5187
- Assessor Parcel Number 888501002
Community Details
Overview
- Mid-Rise Condominium
- Washington Sq Subdivision
Pet Policy
- Dogs and Cats Allowed
Map
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Home Values in the Area
Average Home Value in this Area
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 | $5,774 | $1,390,400 | $208,500 | $1,181,900 |
| 2024 | $5,774 | $6,000,000 | $3,600,000 | $2,400,000 |
| 2023 | $5,774 | $920,000 | $552,000 | $368,000 |
| 2022 | $5,774 | $412,464 | $198,600 | $213,864 |
| 2021 | $5,341 | $0 | $0 | $0 |
| 2020 | $5,341 | $0 | $0 | $0 |
| 2019 | $5,136 | $0 | $0 | $0 |
| 2018 | $4,929 | $0 | $0 | $0 |
| 2017 | $10,317 | $0 | $0 | $0 |
| 2016 | -- | $0 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/16/2025 03/16/25 | For Sale | $1,850,000 | 0.0% | $514 / Sq Ft |
| 08/01/2023 08/01/23 | Rented | $7,800 | 0.0% | -- |
| 07/10/2023 07/10/23 | Under Contract | -- | -- | -- |
| 06/19/2023 06/19/23 | For Rent | $7,800 | -- | -- |
Source: Bright MLS
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $1,700,000 | New Conventional | |
| Closed | $2,300,000 | Commercial |
Source: Public Records
Similar Homes in Philadelphia, PA
Source: Bright MLS
MLS Number: PAPH2452250
APN: 888501002
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