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.