William Penn House Co-ops for Sale - Philadelphia, PA

Impressions

The William Penn House is a large co-operative development. It was built in 1965 by Frankel Enterprises

Pros

  • The location is superb, 3 blocks from Rittenhouse Square, 5 blocks from City Hall, 8 - 10 blocks from theaters and concert halls on Broad St. The trolley station on Market St is 2 blocks, the train station is 5 blocks and the subway on Broad St is 5-6 blocks. Walk out the front door to many restaurants and stores.
  • Parking is outstanding.There is a garage with valet parking. You pay $80/month for one spot and the market rate, say $350/month in fall of 2019,
  • Monthly fees are reasonable. When you consider that utilities, cable, real estate tax and parking are included it's an excellent deal. There is a yearly fee for the use of the pool and a one-time fee for use of the gym
  • Financially strong. There has never been an assessment as of fall of 2019.
  • As this is a co-op, there is no transfer tax when buying or selling a unit
  • Amenities are excellent, particularly the large rooftop pool and deck that affords 360 views of the Philadelphia skyline
  • Excellent outdoor space. More than one third of the units in the building have good-sized terraces
  • Very secure. 7/24/365 coverage in the lobby 
  • On-site management and maintenance staff. Issues are quickly addressed

Cons

  • Pets are not allowed
  • There is a pretty hefty administrative fee due at settlement. It varies with unit size in a range of $15k - $25k in fall of 2019
  • There are few units 1200 sq ft or larger

Compare To

William Penn House Fast Facts

Address: 1919 Chestnut St, Philadelphia, PA 19103
Price Range (thousands): $140 - $775
Bedrooms:  0 - 3
Total Units: 600
24-Hr Doorman or Lobby Attendant:  Yes
Parking Facilities:  Garage
Pets: No
Washer/Dryer In Unit:  Yes for Larger Units, No for Smaller Units
Unit Sq Footage Range:  462 - 1971
Approximate Condo Fee Range:  $370 - $1225
Number of Elevators:  
Included Basic Services:  Common Area Maintenance, Exterior Maintenance, Management, Snow Removal, Trash Removal
Additional Amenities:  Cable TV, Event Room, Guest Suites, Gym, Rooftop Deck and Pool, Utilities
Year Built:  1965
Style:  Hi-Rise Unit/Flats, 1 Building, 30 Stories
Management Company:  
William Penn House Co-ops for Sale Statistics October 22, 2019
10
Listed
141
Avg. DOM
$406.42
Avg. $ / Sq.Ft.
$339,500
Med. List Price
10 Properties
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