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Backup Offers

551 Walnut Ln, Philadelphia, PA, 19128

$859,900

Home List Price

$10,000*

Closing Credit

4 Bedrooms
3 Full Baths, 1 Partial
2,730 SqFt
$315/SqFt
House
Schools Nearby

Location

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551 Walnut Ln, Philadelphia$859,900

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingPaved Driveway, Driveway
Year Built1922
HeatingCentral
CoolingCentral Air
BasementYes
MLS #PAPH2327980
Lot Size0.16 Acres
StatusAccepting Backup Offers
(ACTIVE UNDER CONTRACT)

About 551 Walnut Ln

Welcome to a 551 Walnut Lane, a timeless masterpiece of architectural elegance and modern luxury. This stone, center stair colonial was built in the 1920's and fully renovated and restored in 2020 as the centerpiece of Walnut Hill -- a collection of new construction modern farmhouse-style homes. Featuring 4 bedrooms, 3.5 bathrooms and over 2700 sf of living space, the expansive floor plan unfolds seamlessly across multiple levels, offering generous living spaces that are ideal for both relaxation and entertaining. The first floor of this home features dark hardwood floors throughout, a formal living room, an open-concept kitchen/dining room and an additional seating area. The stylishly appointed kitchen includes white shaker cabinetry with black pulls, stainless steel appliances, white porcelain farm sink, quartz countertops and Carrara marble backsplash. The living room's original stone fireplace and mantle accentuate the home's traditional charm, while large windows and original french doors flood the interior with natural light. The first floor also offers the convenience of a under stair half bath and mud room in the rear. Ascend to the second floor where you will find a large primary suite with a walk-in closet with built-ins plus a second closet, en-suite bathroom, 2 additional bedrooms, hall bath plus convenient laundry with washer/dryer included. Third floor features a fourth bedroom which is currently utilized as a guest room but could also be perfect for a media room or play room and a hall bath complete with step-in shower and original claw foot bathtub. You'll also find a newly finished bonus room that provides a versatile and adaptable space to be used as you desire. The full basement provides lots of room for storage and is currently home to an exercise area. Outdoor features include a lovely flagstone patio, spacious front yard plus 3 car reserved parking. Approximately 6 years remaining on the 10 year tax abatement. Easy access to Center City, Chestnut Hill, the suburbs, major highways and transportation. Truly unique and exceptional.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1922
  • Stories: 3
  • Living Area: 2,730 SqFt

Listing Office:

  • Office Name: Compass Pennsylvania, LLC
  • Office Phone: (267) 435-8015
  • Listing Agent: Phanerrica Muhammad

Interior Features

Interior Information:

  • Basement: Yes
  • Flooring Type: Hardwood, Carpet

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 3
  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Parking: Paved Driveway, Driveway

Lot Features

Lot Information:

  • Lot Size: 0.16 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Roxborough High School, Public District Grades 9-12
  • Cook-Wissahickon Elementary School, Public District Grades KG-8

Other

Directions Information:

  • Directions: from center city - East River drive TO Midvale, make right on Midvale , left on Henry, left on Houghton

Municipality:

  • Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $859,900
  • Price Per SqFt: $315/SqFt

HOA Fees:

  • Amount: $124
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $5,305
  • Tax Year: 2020
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Housing Market Comparison

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

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Philadelphia, PA

City

Med. Sold Price

$257.6K

Med. Price/SqFt

$195

Avg. Days On Market

54

# of Sold Homes

923

551 Walnut Ln vs Philadelphia

54 DAYS ON ROCKET

-0 Day

$859,900

+$602.2K More

$315/SqFt

+$120 More

KEY TAKEAWAY

This property is $602.2K more than the Median Sold Price and $120/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: #PAPH2327980

Listing Office:

  • Office Name: Compass Pennsylvania, LLC
  • Office Phone: (267) 435-8015
  • Listing Agent: Phanerrica Muhammad

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: 4/27/2024, 10:20:17 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Apr 30, 2021Home Sold
$749,000
Dec 02, 2020Home Sold
$635,000
Mar 22, 2019Home Sold
$650,000

Tax History

YEARPROP. TAXASSESSMENT
2020$5,305 -

History based on county public records data.

Payment Calculator

$4,483

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,645

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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-1661209
5
/10

  • Cook-Wissahickon Elementary School

  • 201 E Salaignac St

  • 0.34 miles

  • Public District Grades KG-8

High School

school-card-donut-1661210
2
/10

  • Roxborough High School

  • 6498 Ridge Ave

  • 1.07 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $66,116. The majority of Philadelphia, PA residents have income between $35k-100k annually. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 551 Walnut Ln

What is the listing price of this property?

The listing price of 551 Walnut Ln property is $859,900.

What type of property is this?

The property 551 Walnut Ln is a house located in Philadelphia, Pennsylvania, 19128.

Is this property for sale now?

Accepting Backup Offers: 551 Walnut Ln is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What are the assigned schools for this property?

The assigned schools for 551 Walnut Ln are:
Cook-Wissahickon Elementary School: GreatSchools Rating 5/10
Roxborough 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 $5,305 (source: MLS/based on county public records data).

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

The last sale was on April 30, 2021 for $749,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 551 Walnut Ln has 4 bedrooms and 3 full and 1 half bathrooms.

What is the square footage of this property?

The property 551 Walnut Ln is 2,730 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 551 Walnut Ln is 1922.

Rocket Homes›Pennsylvania›Philadelphia County›Philadelphia›19128›551 Walnut Ln

This home is located at 551 Walnut Ln in Philadelphia, PA and zip code 19128 in the Wissahickon neighborhood. This 2,730 square foot home, which was built in 1922, sits on a 0.16 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since March 04, 2024 and is currently priced at $859,900.

Philadelphia, PA housing market in March 2024 saw over 228 listings sold above listed price, more than 214 sold at listed price and over 481 sold below. The number of homes for sale in Philadelphia, PA increased by 4.6% between February 2024 and March 2024. Listings spent 54 days on the market in March 2024, and had a median list price of $257,610 during the same period.

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

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