3 months on rocket

500 Walnut St Unit 802, Philadelphia, PA, 19106

$4,350,000

3 Bedrooms
3 Full Baths, 1 Partial
3,200 SqFt
$1,359/SqFt
Condo
Schools Nearby

Location

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Property Highlights

Home TypeCondominium
ParkingCovered Parking, Inside Access, Underground, Attendant, Electric Vehicle Charging Station(s), Secure Parking, Parking Garage
Garage2 spaces
Year Built2017
HeatingForced Air
CoolingCentral Air
FireplaceGas/Propane
MLS #PAPH2312336
StatusActive
(ACTIVE)

About 500 Walnut St Unit 802

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.

Property Details

Property Features

Property Information:

  • Architectural Style: Contemporary
  • Year Built: 2017
  • Stories: 1
  • Living Area: 3,200 SqFt

Listing Office:

  • Office Name: Compass Pennsylvania, LLC
  • Office Phone: (267) 435-8015
  • Listing Agent: Mary Genovese Colvin

Interior Features

Interior Information:

  • Basement: No
  • Fireplace: Gas/Propane

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 3
  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Parking: Covered Parking, Inside Access, Underground, Attendant, Electric Vehicle Charging Station(s), Secure Parking, Parking Garage

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Benjamin Franklin High School, Public District Grades 9-12
  • General George A. McCall School, Public District Grades KG-8

Other

Directions Information:

  • Directions: 500 Walnut Street - Corner of 5th and Walnut

Municipality:

  • Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $4,350,000
  • Price Per SqFt: $1,359/SqFt

Tax Information:

  • Annual Amount: $3,726
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Philadelphia, PA.

Med. Sold Price

$258.8K

Med. Price/SqFt

$196

Avg. Days On Market

50

# of Sold Homes

960

500 Walnut St Unit 802 vs Philadelphia

113 DAYS ON ROCKET

+63 Days

$4,350,000

+$4.0M More

$1,359/SqFt

+$1.1K More

KEY TAKEAWAY

This property is $4.0M more than the Median Sold Price and $1.1K/SqFt more than other homes in Philadelphia, PA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #PAPH2312336

Listing Office:

  • Office Name: Compass Pennsylvania, LLC
  • Office Phone: (267) 435-8015
  • Listing Agent: Mary Genovese Colvin

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/5/2024, 12:55:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 04, 2018Home Sold
$3,998,630

Tax History

YEARPROP. TAXASSESSMENT
2020$3,726 -

History based on county public records data.

Payment Calculator

$21.7K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$13.1K

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-6266895
6
/10
  • General George A. McCall School

  • 325 S 7th St

  • 0.25 miles

  • Public District Grades KG-8

High School

school-card-donut-6266896
2
/10
  • Benjamin Franklin High School

  • 550 N Broad St

  • 1.31 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $86,127. Most Philadelphia, PA residents have annual incomes between $35k-100k. The majority of families are single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 500 Walnut St Unit 802

What is the listing price of this property?

The listing price of 500 Walnut St Unit 802 property is $4,350,000.

What type of property is this?

The property 500 Walnut St Unit 802 is a condo located in Philadelphia, Pennsylvania, 19106.

Is this property for sale now?

Active Listing: 500 Walnut St Unit 802 is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 500 Walnut St Unit 802 are:
General George A. McCall School: GreatSchools Rating 6/10
Benjamin Franklin High School: GreatSchools Rating 2/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $3,726 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on January 4, 2018 for $3,998,630. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 500 Walnut St Unit 802 has 3 bedrooms and 3 full and 1 half bathrooms.

What is the square footage of this property?

The property 500 Walnut St Unit 802 is 3,200 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 500 Walnut St Unit 802 is 2017.
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Rocket Homes›Pennsylvania›Philadelphia County›Philadelphia›19106›500 Walnut St Unit 802

This home is located at 500 Walnut St Unit 802 in Philadelphia, PA and zip code 19106 in the Center City neighborhood. This 3,200 square foot home was built in 2017. Features: 3 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since January 12, 2024 and is currently priced at $4,350,000.

Over 242 listings were sold over their listed price in April 2024 in Philadelphia, PA. In the same period over 502 listings were sold below the listed price and 216 listings were sold for the listed price. The number of listings in Philadelphia, PA increased by 9.8% between March 2024 and April 2024. In April 2024, listings were on the market for 50 days. During the same period, the median list price in this real estate market was $258,806.

From Rocket Homes Real Estate and based on county public records data.

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