500 Walnut Street, Unit 802

Philadelphia, PA 19106

$4,490,000
Price
3
Beds
3
Baths
1
1/2 Bath
3,200 Sq. Ft.
$1,403 / Sq. Ft.
3,200
Sq. Ft.
$1,403
per Sq. Ft.

Description

Perched high above Independence Hall this impeccably crafted luxury condominium is a refined showpiece not to be missed. The first resale in the premier Residences at 500 Walnut, this 3,200 square feet turnkey unit was uniquely crafted devising a one of a kind living experience. Since its opening in 2017, the sophisticated buyer has identified this building as the benchmark of world-class luxury and prestige. The double door entry leads you into an impressive foyer with a custom lighting fixture....Perched high above Independence Hall this impeccably crafted luxury condominium is a refined showpiece not to be missed. The first resale in the premier Residences at 500 Walnut, this 3,200 square feet turnkey unit was uniquely crafted devising a one of a kind living experience. Since its opening in 2017, the sophisticated buyer has identified this building as the benchmark of world-class luxury and prestige. The double door entry leads you into an impressive foyer with a custom lighting fixture. Continue on to an expansive open dining and kitchen brilliantly lit from panoramic floor to ceiling windows. The gourmet kitchen was expertly designed with waterfall edge quartz counters and breakfast bar, Gaggenau appliances, white lacquered soft-close cabinetry, and a 200+ bottle wine storage case. The dining and living room feature wide-plank hardwood floors, vented gas fireplace, and custom recessed lighting. From here, step out onto a large terrace overlooking verdant Independence Mall to revel in the captivating sights and sounds of historic Philadelphia. The owner's suite offers a spacious bedroom with bright windows, terrace access, lofty tray ceilings with recessed lighting, and a walk-in double closet with customized storage. The ensuite bath has 2 oversized vanities, standing glass-enclosed rain shower, and Toto washlet toilet. The 2 additional bedrooms, also generously sized, each have a 3 piece bath and large closets. This condominium also has an entertainment room, home office, hall powder room, laundry room, Lutron lighting and shade system, and ample storage throughout all hidden behind touch doors. Developed by the highly esteemed Scannapieco Development Corporation, this exclusive residence offers only 34 residences for unmatched privacy and prestige. Enjoy 2 car parking in the fully automated parking garage including the country's first induction charging for electric cars. 500 Walnut also provides a host of world-class amenities including 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. This imperial building sits elegantly at the corner of 5th and Walnut Streets with close proximity to the neighborhood's most distinguished restaurants, cafes, boutiques, and all major transportation options. Experience extraordinary style, comfort, and convenience in Philadelphia's most sought-after zip code! There are 8 years remaining on the tax abatement.

The City of Philadelphia has completed a real estate tax reassessment, effective January 1, 2023. If you have any questions or concerns about the impact of this reassessment on future real estate taxes, please contact the City of Philadelphia. Compass RE is not involved in the City of Philadelphia’s tax reassessment and does not have any input or control in the results.

Listing Agents

  1. Mary Genovese Colvin

    Mary Genovese Colvin

    Alternative Listing Agent

    Compass

Property Details for 500 Walnut Street, Unit 802

Tax ID Number
888501228
Ownership
Condominium
Condo Coop Association
Yes
HOA
No
Entry Floor Number
8
Structure Type
Unit/Flat/Apartment
Style
Contemporary
Levels/Stories
1

Location

Add your commute
LISTING UPDATED: 01/23/2023 12:14 PM

Property Details for 500 Walnut Street, Unit 802

StatusActive
MLS #PAPH2191830
Days on Market30
Taxes$3,874 / year
HOA Fees-
Condo/Co-op Fees$3,472 / month
Compass TypeCondo
MLS TypeResidential / Condo
Year Built2017
CountyPhiladelphia County

Building

500 Walnut

34 Units3 StoriesBuilt in 2017

Location

Add your commute

Virtual Tour

Building Information for 500 Walnut Street, Unit 802

Building/Complex500 WalnutFloor-Stories3Residences34Pet PolicyAllowedYear Built2017

Payment Calculator

$25,539 per month

30 year fixed, 6.09% Interest

Principal and Interest

$21,744

Property Taxes

$323

HOA Dues

$3,472

The Payment Calculator is for illustrative purposes only.

Property Information for 500 Walnut Street, Unit 802

Location
    Location
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District County ID: 300200397108
  • SchoolDistrictSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19106 (19106)
Waterfront / Water Access
    Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Association / Community Info
    Association / Community Info
  • HOA Condo Coop Fee Includes: Common Area Maintenance, Electricity, Gas, Health Club, Insurance, Management, Snow Removal, Water
  • HOA Condo Coop Amenities: Community Center, Concierge, Elevator, Exercise Room, Fitness Center, Game Room, Meeting Room, Other, Pool - Indoor
  • Senior Community: No
  • Type of Condo: Condo/Coop Association
Taxes and Assessment
    Taxes and Assessment
  • Tax Year: 2023
  • Tax Assessed Value: $276,800
  • Year Assessed: 2023
  • County Tax: $0
  • Improvement Assessed Value: $0
  • City Town Tax: $1,748
  • Land Assessed Value: $276,800
  • Clean Green Assessed: No
  • Land Use Code: 590
  • Zoning: CMX4
  • Tax Lot: 76
  • School Tax: $2,126
  • Automatically Update Tax Values Y/N: Yes
Lease Information
    Lease Information
  • Pets Allowed: Yes
  • Pet Restrictions: Case by Case Basis
Rooms
    Main
  • # Bedrooms Count Main Level: 3
  • # Bathrooms Count Main Level: 4
  • # Bathrooms Full Main Level: 3
  • # Bathrooms Half Main Level: 1
    Rooms
  • Stories: Main
Building Info
Lot / Land Information
    Lot / Land Information
  • Lot Size Dimensions: 0.00 x 0.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 15731963
Parking
    Parking
  • Type Of Parking: Parking Garage
  • Parking Garage - # of Spaces: 2
  • Total Garage Spaces: 2
  • Parking Features: Attendant, Electric Vehicle Charging Station(s), Secure Parking
  • Garage Features: Covered Parking, Inside Access, Underground
Interior Features
    Interior Features
  • Fireplace: Yes
  • Accessibility Features: Elevator
Exterior Features
    Exterior Features
  • Outdoor Living Structures: Terrace
  • Pool: Yes - Community
  • Community Pool Features: Indoor, Lap/Exercise
  • Other Structures: Above Grade, Below Grade
Utilities
    Utilities
  • Heating: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Forced Air
  • Heating Fuel: Electric
  • Hot Water: Other
  • Water Source: Public
  • Sewer Septic: Public Sewer

Property History for 500 Walnut Street, Unit 802

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 500 Walnut Street, Unit 802

Taxable ValueLand$276,800Additions-Total$276,800
Tax Record2022$3,726 ($311 / month)
Home Facts
Beds0Total Finished SqFt3,200 SqFtAbove Grade Finished SqFt3,200 SqFtLot Size18,155 SqFtStyleCondominiumYear Built2017ZoningCMX4CountyPHILADELPHIAAPN88-8-5012-28

Schools near 500 Walnut Street, Unit 802

This home is within Philadelphia City School District.
RatingSchoolTypeGradesDistance
Public - K to 8
Public - 9 to 12
Public - 9 to 12
Public - 9 to 12
RatingSchoolDistance
McCall Gen George A School
PublicK to 8

Franklin Benjamin High School
Public9 to 12

Constitution High School
Public9 to 12

Academy At Palumbo
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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500 Walnut Street, Unit 802 is a condo for sale in Philadelphia, PA 19106. This property was listed for sale on January 9, 2023 by Compass at $4,490,000. It has been on the market for a total of 30 days and was last sold on December 27, 2017. This listing's school district is Philadelphia City School District. Nearby schools include McCall Gen George A School, Franklin Benjamin High School and Constitution High School. 500 Walnut Street, Unit 802 is a 3-bed, 3.5-bath, 3,200 sqft condo built in 2017.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.