$326,000 - $512,000
RENTED MAR 26, 2025

40 Rader St Unit 308 Norfolk, VA 23510

Ghent Neighborhood
2 Beds
2 Baths
1,320 Sq Ft
$297 Price per Sq Ft

About This Home

Two bedroom, two bath waterfront condo with an exceptional view of the Elizabeth River from the third floor with a balcony. Near Sentara Norfolk General, CHKD and Harbor towers. Great for med students, healthcare employees and military looking for relaxed casual living. A short journey to Harbor Park, Scope, Chrysler Hall, Harrison Opera House and Chrysler Museum. Key fob to parking and building entrance. 24/7 security camera coverage of the parking area and interior common areas. One assigned parking space. Water access for kayaking and paddleboarding. Interior bike storage. Bonus room that can be a study or office space.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 4, 2010
Sold by
Hanes Gary W and Hanes Linda V
Bought by
Hanes Gary W and Hanes Linda
Current Estimated Value
$391,593

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Outstanding Balance
$136,181
Interest Rate
4.37%
Mortgage Type
New Conventional
Estimated Equity
$255,412
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Hanes Gary W -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hanes Gary W $200,000
Previous Owner Hanes Gary W $220,000
Previous Owner Hanes Gary W $50,000
Previous Owner Hanes Linda $150,000
Previous Owner Hanes Linda $130,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/26/2025 03/26/25 Rented $2,500 0.0% --
03/18/2025 03/18/25 Off Market $2,500 -- --
02/05/2025 02/05/25 For Rent $2,500 -- --

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,110 $408,800 $66,000 $342,800
2023 $4,996 $399,700 $66,000 $333,700
2022 $3,959 $316,700 $52,800 $263,900
2021 $3,388 $271,000 $37,000 $234,000
2020 $3,321 $265,700 $31,700 $234,000
2019 $3,321 $265,700 $31,700 $234,000
2018 $3,319 $265,500 $31,700 $233,800
2017 $3,082 $268,000 $31,700 $236,300
2016 $3,082 $292,400 $31,800 $260,600
2015 $3,330 $292,400 $31,800 $260,600
2014 $3,330 $292,400 $31,800 $260,600
Source: Public Records

Agents Affiliated with this Home

  • Marlo Wynn

    Seller's Agent in 2025

    Marlo Wynn

    BHHS RW Towne Property Management

    (757) 222-6267

    Marlo Wynn
    Section Image
  • Donica Johnson

    Seller Co-Listing Agent in 2025

    Donica Johnson

    BHHS RW Towne Property Management

    (757) 222-6296

    4 Total Sales

    Donica Johnson
    Section Image
See All Agents

Map

Virginia Norfolk City County Norfolk 23510 Ghent

40 Rader St Unit 308, Norfolk, VA

This home is located at 40 Rader St Unit 308, Norfolk, VA 23510 and is currently estimated at $391,593, approximately $296 per square foot. 40 Rader St Unit 308 is a home located in Norfolk City with nearby schools including W.H. Taylor Elementary School, Blair Middle School, and Maury High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Nearby Homes