Enjoy waterfront living at its finest in this beautifully maintained 2-bedroom, 2.5-bath luxury condo in Norfolk. Filled with natural light, expansive windows frame stunning views of the Elizabeth River. The kitchen flows seamlessly into the living area, creating an ideal layout for everyday living and entertaining. Upstairs, both bedrooms feature private en-suite baths, including a spacious primary suite with vaulted ceilings and a large primary bath. A convenient powder room is located on the main level. Relax on one of the private balconies or unwind on your private patio with rooftop garden. Residents also enjoy access to a private gym and community clubhouse, while the included boat slip provides for effortless coastal living.
For sale
Price cut: $20K (3/12)
$565,000
40 Rader St APT 505, Norfolk, VA 23510
2beds
1,848sqft
Est.:
Condominium
Built in 1918
-- sqft lot
$561,100 Zestimate®
$306/sqft
$1,079/mo HOA
What's special
Private balconiesFilled with natural lightLarge primary bath
- 28 days |
- 1,018 |
- 32 |
Zillow last checked: 7 hours ago
Listing updated: 19 hours ago
Listed by:
Erin Ward,
LPT Network Realty LLC 877-366-2213,
Brian Jeffery,
LPT Network Realty LLC
Source: REIN Inc.,MLS#: 10621603
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Rooms
- Room types: Assigned Storage, Utility Closet
Heating
- Heat Pump
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Dryer, Microwave, Electric Range, Refrigerator, Washer, Electric Water Heater
Features
- Ceiling Fan(s), Entrance Foyer
- Flooring: Ceramic Tile, Laminate/LVP, Marble
- Has fireplace: No
Interior area
- Total interior livable area: 1,848 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: 2 Space, Assigned
Features
- Levels: Two
- Stories: 2
- Exterior features: Balcony
- Pool features: None
- Fencing: None
- Has view: Yes
- View description: River, Water
- Has water view: Yes
- Water view: River,Water
- Waterfront features: Deep Water, Deep Water Access, Dock, River Front
Details
- Parcel number: 34077777
- Other equipment: Backup Generator
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Other
- Foundation: Pile
- Roof: Other
Condition
- New construction: No
- Year built: 1918
Utilities & green energy
- Sewer: City/County
- Water: City/County
- Utilities for property: Cable Hookup
Community & HOA
Community
- Subdivision: Downtown Area
HOA
- Has HOA: Yes
- Amenities included: Boat Slip, Cable TV, Clubhouse, Dock, Elevator(s), Fitness Center, Security, Trash, Water
- HOA fee: $155 monthly
- Second HOA fee: $924 monthly
Location
- Region: Norfolk
Financial & listing details
- Price per square foot: $306/sqft
- Tax assessed value: $587,000
- Annual tax amount: $6,650
- Date on market: 2/26/2026
Estimated market value
$561,100
$533,000 - $589,000
$3,090/mo
Price history
Price history
Price history is unavailable.
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,220 +8.4% | $587,000 +8.4% |
| 2024 | $6,659 +8.5% | $541,400 +10.2% |
| 2023 | $6,140 +25.4% | $491,200 +25.4% |
| 2022 | $4,898 +16.8% | $391,800 +16.8% |
| 2021 | $4,194 -4.6% | $335,500 -4.6% |
| 2020 | $4,398 | $351,800 |
| 2019 | $4,398 +15.3% | $351,800 -13.5% |
| 2018 | $3,814 -26.2% | $406,800 -9.5% |
| 2017 | $5,167 | $449,300 -3.5% |
| 2016 | $5,167 -2.6% | $465,800 |
| 2015 | $5,306 | $465,800 |
| 2014 | $5,306 | $465,800 |
| 2013 | -- | $465,800 |
| 2012 | -- | $465,800 -6.3% |
| 2011 | -- | $497,300 -1.8% |
| 2010 | -- | $506,500 |
| 2009 | -- | $506,500 +12.9% |
| 2008 | -- | $448,700 -0.5% |
| 2007 | -- | $450,900 +29.5% |
| 2006 | -- | $348,200 +21.3% |
| 2005 | -- | $287,100 +10.9% |
| 2004 | -- | $258,800 +23.5% |
| 2003 | -- | $209,600 +2% |
| 2002 | -- | $205,400 +10% |
| 2001 | -- | $186,700 +0% |
| 2000 | -- | $186,640 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$4,386/mo
Principal & interest
$2831
HOA Fees
$1079
Property taxes
$476
More affordability tools
Climate risks
Neighborhood: Ghent
Nearby schools
GreatSchools rating
- 8/10W.H. Taylor Elementary SchoolGrades: PK-5Distance: 1.1 mi
- 4/10Blair Middle SchoolGrades: 6-8Distance: 1.1 mi
- 3/10Maury High SchoolGrades: 9-12Distance: 1.1 mi
Schools provided by the listing agent
- Elementary: Walter Herron Taylor Elementary
- Middle: Blair Middle
- High: Maury
Source: REIN Inc.. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Local experts in 23510
- Virginia
- Norfolk City
- Norfolk
- 23510
- Ghent
- 40 Rader St Apartment 505
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