$525,000 | 40 Rader Street Unit 505 Norfolk, VA 23510
LOVELY WATER VIEWS ON TWO FLOORS IN THIS PENTHOUSE OVERLOOKING THE ELIZABETH RIVER AND DOWNTOWN NORFOLK. FLOOR TO CEILING WINDOWS, SKYLIGHTS, PRIVATE BALCONIES ON BOTH LEVELS, AND A PRIVATE ROOFTOP TERRACE PROVIDE THE PERFECT SPACE FOR EASY EVERYDAY LIVING AND FABULOUS ENTERTAINING. TWO ASSIGNED PARKING SPOTS #2 & #3 ARE IN A GATED LOT WITH PRIVATE DOOR TO BUILDING. THE PIER CONDOMINIUM IS EXTREMELY WELL-MANAGED WITH AMPLE RESERVES AND AN ONSITE MANAGER M-F, 8-5. BOAT SLIP #83 AT $155 PER MONTH CONVEYS WITH THE UNIT AND HAS POWER, WATER AND DOCK BOX. CONDO FEE $950 INCLUDES BASIC CABLE, ELEVATORS, SECURITY, WATER, SEWER, TRASH PICKUP, BUILDING INSURANCE, FLOOD INSURANCE, AND A YACHT CLUB ON THE FIRST FLOOR. 2 PETS ALLOWED PER UNIT. DESIGNATED STORAGE AREA. 2023 HVAC, 2024 TREX ON BALCONIES. WATER HEATER TO BE REPLACED PRIOR TO CLOSING.
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- Listing Price
- $525,000
- MLS#
- 10638027
- Listing Status
- Active
- Listing Type
- Residential
- Property Type
- Attached Residential
- Subdivision Name
- DOWNTOWN AREA
- Neighborhood Name
- PIER CONDOMINIUM
- Area Name
- 11 - West Norfolk
- Disclosure
- none
- Contigencies
- none
- Ownership
- Condo
- Year Built
- 1918
- Listing Office
- BHHS RW Towne Realty
- Added to Website
- Jun 5, 2026
(3 weeks ago)
- Bedrooms
- 2
- Full Bathrooms
- 2
- Half Bathrooms
- 0
- Number of Rooms
- 6
- Living Space
- 1,848 sqft
- Levels
- 1.0
- Architecture
- Mid Rise
- Roof
- Other
- Exterior Covering
- Other
- Foundation
- Pile
- Sewer
- City/County
- Noise Zone
- -65 Ldn
- Crash Zone
- None
- HOA?
- Yes
- POA Fees
- 155/month
- Taxes*
- $7,220.00/yr
*Tax information provided by listing agent. Please independently verify this information.
- Amenities
- Boat Slip, Cable, Clubhouse, Dock, Elevator, Exercise Room, Ground Maint, Security, Sewer, Trash Pickup, Water
- Rooms
- Assigned Storage, Balcony, Foyer, PBR with Bath, Utility Closet
- Internal Features
- Cathedral Ceiling, Walk-In Attic
- Flooring
- Carpet, Ceramic, Marble, Wood
- Heating
- Heat Pump
- Cooling
- Central Air
- Water Heater Type
- Electric
- Water Type
- City/County
- Appliances
- Dishwasher, Disposal, Dryer, Microwave, Elec Range, Refrigerator, Washer
- Other Equipment
- Backup Generator, Cable Hookup, Ceiling Fan, Security Sys
- Exterior Description
- Corner,Deck
- Fence
- Partial
- Parking
- 2 Space, Assigned/Reserved, Off Street, Street
- Waterfront
- Yes
- Water Description
- Deep Water,Deep Water Access,Dock,River
- Pool Description
- No Pool
Public Schools
- School District
- Norfolk Public Schools
- Elementary School
-
Walter Herron Taylor Elementary (1.1 mi)
1122 W. Princess Anne Road
Norfolk, VA 23507
(757) 628-2525 - Middle School
-
Blair Middle (1.1 mi)
730 Spotswood Ave
Norfolk, VA 23517
(757) 628-2400 - High School
-
Matthew Fontaine Maury High (1.1 mi)
322 Shirley Ave
Norfolk, VA 23517
(757) 628-3344 -
The Williams School (0.4 mi)
419 Colonial Ave, Norfolk, VA 23507
(757) 627-1383 -
Yeshiva Aish Kodosh Talmudical Academy (0.5 mi)
612 Colonial Ave, Norfolk, VA 23507
(757) 623-6070 -
Ghent Montessori School (0.6 mi)
610 Mowbray Arch, Norfolk, VA 23507
(757) 622-8174 -
First Presbyterian Preschool (0.6 mi)
820 Colonial Ave, Norfolk, VA 23507
(757) 625-0667 -
First Baptist Ready Academy Christian School (0.9 mi)
418 E Bute St, Norfolk, VA 23510
(757) 622-5650
Private Schools
| Total Population | 6,641 |
|---|---|
| Median Commute Time | 16 mins |
| Median Years in Residence | 3 yrs |
| Median Home Age | 38 yrs |
| Residential Turnover Rate | 25% |
| Median Home Sales Price | $242,225 |
| Average Home Sales Price | $269,308 |
| Average Home Property Tax | $4,351 |
| Crime Risk Index | 215/100 |
| Air Pollution Index | 83/100 |
| Family Households | 1,255/2,987 (42.0%) |
| Households w/ Children | 606/2,987 (20.3%) |
| Average Family Size | 2 |
| Population Density | 5,904/sq. mi. |
| Median Age | 0.99 yrs |
| Median Household Income | $53,199 |
| Per Capita Income | $40,470 |
| White Collar Jobs | 23,170% |
| Overall Weather Risk | 187/100 |
30 year fixed interest mortgage with 10% downpayment:
- Principal and interest:
- $2,186
- Taxes*:
- $602
- Insurance*:
- $75
- Total Monthly Payment:
- $2,862
* Estimates Only! Your rates may vary and will affect your monthly payment.
Contact a Mortgage Professional Today
This 2 bedroom, 2 bathroom home located at 40 Rader Unit 505, Norfolk, VA 23510 has approximately 1,848 square feet. It is currently listed for $525,000 and has a price per sqft of $28,409. This home is currently Active under the MLS#: 10638027. This listing is provided by BHHS RW Towne Realty.
40 Rader Street, Norfolk was built in 1918. It has 2 Space, Assigned/Reserved, Off Street, Street parking.The kitchen includes Dishwasher, Disposal, Dryer, Microwave, Elec Range, Refrigerator, Washer.
40 Rader is part of the Downtown Area neighborhood located in 23510.
Browse more real estate in Norfolk
View homes in 23510
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