These Are The 10 Most Expensive Homes in Chestnut Hill
Housing bargains for millionaires and a price premium for walkability. Interestingly enough, the same building contains the No. 1 and No. 10 units on the list.
As that recently released study by Chestnut Hill’s institutional leaders pointed out, Chestnut Hill homes sell for significantly more than the typical Philadelphia residence.
But if the per-square-foot prices of most of the homes on the list NeighborhoodX produced this week are any guide, buyers are still getting a pretty good value for their money by buying in this neighborhood at the top of the city.
Almost half of the homes on the list below are priced under $400 per square foot. And one of the top four homes on the list is an absolute bargain.
“When we look at these on a price per square foot basis, the prices range from $280 to $905 per square foot,” said Constantine Valhouli, director of research for NeighborhoodX. “In other words, some of the most expensive properties in Chestnut Hill are priced, per square foot, comparably to some of the least expensive properties in Fishtown.”
Interestingly enough, it seems that someone’s banking that people are willing to pay a premium for unparalleled walkability in this suburb-in-the-city: the single most expensive home by far on the list is a 3,031-square-foot, four-bedroom, four-bathroom condo at the One West building at 1 W. Hartwell Lane. At $2.745 million, it’s 61 percent higher than the second-most-expensive property on the list, and at $905 per square foot, it’s 39 percent higher per square foot than the next-most-expensive property in that category.
Two of these ten units have no price per square foot listed. One of them, a new construction home at 8741 Shawnee St., is actually priced at $415 per square foot based on the 3,600-square-foot size stated in the property description. The other is the least expensive of the ten, a one-bedroom, two-bath condo that’s also in One West. It’s also the only home on this list with a sale price below $1 million.
Based on the room dimensions given in the listing, which exclude one of the bathrooms, we come up with an approximate figure of 898 square feet for that unit; the final total is probably somewhere around 975 to 1,000 square feet after adding in the missing bathroom. That would put its price-per-square-foot premium up there with its much bigger sibling.