The Pier Condominium 40 Rader St Unit 507 Norfolk, VA 23510
Ghent Neighborhood
3
Beds
2.5
Baths
1,856
Sq Ft
$903/mo
HOA Fee
Highlights
- Boat Dock
- Fitness Center
- Penthouse
- Home fronts navigable water
- Deep Water Access
- 1-minute walk to Bea Arthur Dog Park
About This Home
As of June 2025Sophisticated waterfront condo enjoys bold river and city views. This two story penthouse unit has two waterfront balconies plus a private patio, offering outdoor space for dining Al fresco, or just watching the always changing river traffic go by. Totally renovated, from floor to ceiling, this pleasing open floor plan features a contemporary custom kitchen with amazing built-ins and storage. Extensive use of natural stone adds to the rich, custom feel throughout. Floor to ceiling windows in most rooms allow you to enjoy river views and a sunny southern exposure. All three bedrooms have custom wall cabinetry. The primary bedroom has an en-suite bathroom and walk-in closet with an additional work station. Two assigned off-street parking spaces and an assigned storage space convey. Two boat slips convey, each one is $155/mo.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $6,716
Year Built
- Built in 1918
Lot Details
- Home fronts navigable water
- River Front
- Cul-De-Sac
- Partially Fenced Property
- Sprinkler System
HOA Fees
- $903 Monthly HOA Fees
Property Views
- Harbor
- City Lights
Home Design
- Penthouse
- Pile Dwellings
Interior Spaces
- 1,856 Sq Ft Home
- 2-Story Property
- Entrance Foyer
- Utility Closet
- Storage Room
- Laminate Flooring
Kitchen
- Electric Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms
- En-Suite Primary Bedroom
- Walk-In Closet
Laundry
- Dryer
- Washer
Parking
- 2 Car Parking Spaces
- On-Street Parking
- Off-Street Parking
- Assigned Parking
Outdoor Features
- Deep Water Access
- Docks
- Balcony
- Deck
- Patio
Schools
- Walter Herron Taylor Elementary School
- Blair Middle School
- Maury High School
Utilities
- Central Air
- Heat Pump System
- Programmable Thermostat
- Electric Water Heater
- Sewer Paid
- Cable TV Available
Community Details
Overview
- The Select Group. Robin Joop 757 639 7311 Rjopp@Thesel Association
- Mid-Rise Condominium
- Downtown Area Subdivision
- On-Site Maintenance
Amenities
- Door to Door Trash Pickup
- Clubhouse
- Elevator
Recreation
- Boat Dock
- Community Boat Slip
- Fitness Center
Pet Policy
- Call for details about the types of pets allowed
Security
- Gated Community
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 10, 2024
Closed on
Jun 4, 2025
Sold by
Sobreira Fernando Luiz Pires and Sobreira Celia
Bought by
Benante Stephen John and Benante Susan Hunter
Seller's Agent
Claudia Mackintosh
BHHS RW Towne Realty
Buyer's Agent
Amanda Schnepper
BHHS RW Towne Realty
List Price
$760,000
Sold Price
$600,000
Premium/Discount to List
-$160,000
-21.05%
Views
390
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-37.79%
Original Mortgage
$600,000
Outstanding Balance
$600,000
Interest Rate
6.81%
Mortgage Type
VA
Estimated Equity
-$41,239
Similar Home in Norfolk, VA
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $600,000 | Fidelity National Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $600,000 | VA | |
| Previous Owner | $285,000 | Stand Alone Refi Refinance Of Original Loan |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/06/2025 06/06/25 | Sold | $600,000 | -4.0% | $323 / Sq Ft |
| 06/05/2025 06/05/25 | Pending | -- | -- | -- |
| 03/26/2025 03/26/25 | Price Changed | $625,000 | -3.8% | $337 / Sq Ft |
| 02/18/2025 02/18/25 | Price Changed | $650,000 | -4.3% | $350 / Sq Ft |
| 01/24/2025 01/24/25 | Price Changed | $679,000 | -2.9% | $366 / Sq Ft |
| 12/06/2024 12/06/24 | Price Changed | $699,000 | -8.0% | $377 / Sq Ft |
| 10/10/2024 10/10/24 | For Sale | $760,000 | -- | $409 / Sq Ft |
Source: Real Estate Information Network (REIN)
Tax History Compared to Growth
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 | $6,861 | $548,900 | $86,500 | $462,400 |
| 2023 | $6,716 | $537,300 | $86,500 | $450,800 |
| 2022 | $5,235 | $418,800 | $69,200 | $349,600 |
| 2021 | $4,504 | $360,300 | $48,400 | $311,900 |
| 2020 | $4,418 | $353,400 | $41,500 | $311,900 |
| 2019 | $4,418 | $353,400 | $41,500 | $311,900 |
| 2018 | $4,416 | $353,300 | $41,500 | $311,800 |
| 2017 | $4,100 | $356,500 | $41,500 | $315,000 |
| 2016 | $4,100 | $389,000 | $41,600 | $347,400 |
| 2015 | $4,432 | $389,000 | $41,600 | $347,400 |
| 2014 | $4,432 | $389,000 | $41,600 | $347,400 |
Source: Public Records
Agents Affiliated with this Home
-
C
Seller's Agent in 2025
Claudia Mackintosh
BHHS RW Towne Realty
-
A
Buyer's Agent in 2025
Amanda Schnepper
BHHS RW Towne Realty
About The Pier Condominium
Map
Source: Real Estate Information Network (REIN)
MLS Number: 10554560
APN: 34077779
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