40 Rader St Unit 505 Norfolk, VA 23510
Ghent NeighborhoodEstimated payment $4,770/month
Highlights
- Boat Dock
- Penthouse
- Harbor Views
- Deep Water Access
- River Front
- 1-minute walk to Bea Arthur Dog Park
About This Home
This is the one! Dramatic water views on two floors in this Penthouse overlooking the Elizabeth River and downtown Skyline. Floor to ceiling windows, skylights, private balconies on 2 levels, and even a secluded rooftop terrace for gardens in a flower pot and sunbathing. The two assigned parking spots #2 & #3 are in a gated lot just steps from the building lobby entrance. The Pier Condominium is extremely well managed with an onsite Manager M-F 8 to 5. Strong reserves! Boat slip #68 at $155 per month conveys with the unit and has power, water and a dock box. Condo fee 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, too! Rent with option to buy!
Open House Schedule
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Sunday, November 16, 202512:05 to 2:00 pm11/16/2025 12:05:00 PM +00:0011/16/2025 2:00:00 PM +00:00Add to Calendar
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $6,659
Year Built
- Built in 1918
Lot Details
- River Front
- Partially Fenced Property
HOA Fees
- $1,079 Monthly HOA Fees
Property Views
- Harbor
- City Lights
Home Design
- Penthouse
- Pile Dwellings
Interior Spaces
- 1,848 Sq Ft Home
- 2-Story Property
- Entrance Foyer
- Utility Closet
- Dryer
- Storage Room
Kitchen
- Electric Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Marble
- Ceramic Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- Walk-In Closet
Parking
- 2 Car Parking Spaces
- Assigned Parking
Accessible Home Design
- Standby Generator
Outdoor Features
- Deep Water Access
- Docks
- Balcony
- Deck
Schools
- Walter Herron Taylor Elementary School
- Blair Middle School
- Maury High School
Utilities
- Central Air
- Heat Pump System
- Electric Water Heater
- Sewer Paid
- Cable TV Available
Community Details
Overview
- The Select Groun Robin Joon 757 639 7311 Association
- Mid-Rise Condominium
- Downtown Area Subdivision
Amenities
- Door to Door Trash Pickup
- Clubhouse
- Elevator
Recreation
- Boat Dock
- Community Boat Slip
Pet Policy
- Call for details about the types of pets allowed
Security
- Security Service
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2025 | $7,338 | $587,000 | $92,400 | $494,600 |
| 2024 | $6,659 | $541,400 | $92,400 | $449,000 |
| 2023 | $6,140 | $491,200 | $92,400 | $398,800 |
| 2022 | $4,898 | $391,800 | $73,900 | $317,900 |
| 2021 | $4,194 | $335,500 | $51,700 | $283,800 |
| 2020 | $4,398 | $351,800 | $44,400 | $307,400 |
| 2019 | $4,398 | $351,800 | $44,400 | $307,400 |
| 2018 | $5,085 | $406,800 | $44,400 | $362,400 |
| 2017 | $5,167 | $449,300 | $44,400 | $404,900 |
| 2016 | $5,167 | $465,800 | $44,500 | $421,300 |
| 2015 | $5,306 | $465,800 | $44,500 | $421,300 |
| 2014 | $5,306 | $465,800 | $44,500 | $421,300 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/07/2025 11/07/25 | Price Changed | $595,000 | -2.5% | $322 / Sq Ft |
| 08/21/2025 08/21/25 | Price Changed | $610,000 | -2.4% | $330 / Sq Ft |
| 08/09/2025 08/09/25 | For Sale | $625,000 | -- | $338 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | None Listed On Document | |
| Warranty Deed | $350,000 | Attorney |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $280,000 | New Conventional |
Source: Real Estate Information Network (REIN)
MLS Number: 10596671
APN: 34077777
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