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About this home
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 w/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.
CondoProperty Type
1918Year Built
$270Price/Sq.Ft.
$1,105/moHOA Dues
2 spacesParking
Listed by Charlotte Chandler• BHHS RW Towne Realty
Listed by Claudia Mackintosh• BHHS RW Towne Realty
Ghent, located between Downtown Norfolk and the Elizabeth River, is a historic and walkable Norfolk neighborhood with leafy boulevards and early-20th-century architecture. Colley Avenue around 21st Street concentrates the neighborhood’s character, with coffee counters, indie boutiques, and patio dining in a steady street-level hum. Brick townhomes and porch-fronted houses sit beside small apartment buildings, giving the blocks a layered, lived-in streetscape. The Chrysler Museum of Art anchors the cultural calendar, while the Naro Expanded Cinema keeps repertory screenings and local premieres on the marquee. Stockley Gardens Park frames weekend markets and shaded pauses. The Hague’s curving waterfront streets add a quieter, scenic edge for strolling.
Provided by Walk Score and Local Logic
Offer insights
40 Rader St #505 · $499,000
$495K and above
75% chance or better to win
Why $495K+ is a strong offer
DAYS ON MARKET
116 days
The average home goes pending in 52 days.
SALE-TO-LIST
98.3%
Most homes are selling 2% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Cathedral ceiling
Walk-in attic
Backup generator
Cable hookup
Ceiling fans
Security system
Bedrooms
One bedroom with ensuite
First-floor bedroom with full bathroom
Bathrooms
Two full bathrooms
One half bathroom
Kitchen
Dishwasher
Disposal
Microwave
Electric range
Refrigerator
Laundry & utility
Washer
Dryer
Utility closet
Flooring
Carpet
Ceramic
Marble
Wood
Heating & cooling
Heat pump
Central air
Exterior features
Corner location
Deck
Partial fence
Assigned storage
Balcony
Foyer
Home design
Attached condominium
Mid-rise style
End unit
Two living levels
Condo unit on level 5
Single story within the unit
Facing waterfront with city and harbor views
On deep water with dock and deep water access to the river
Parking
Two parking spaces
Assigned/reserved parking
Off-street parking
Street parking
Security
Community security
In-unit security system
Construction
Pile foundation
Utilities
City/County water
City/County sewer
Electric water heater
HOA & community
The Pier Condominium association
Monthly condo fee
Monthly POA fee
Community amenities include boat slip, dock, clubhouse, elevator, exercise room, ground maintenance, trash pickup, cable, water and sewer
Electricity and solar
View estimated energy costs and solar savings for this home
The purpose of the Downtown - Fort Norfolk D-FN district is to promote the transition of the Fort Norfolk area, also known as Atlantic City, from a predominately heavy industrial area to a mixed-use waterfront setting that is more consistent with other downtown districts. The district provides lands for a wide range of intensive multi-family, commercial, civic, institutional, and office uses, and is also intended to protect views of the Elizabeth River and create public access to the waterfront.
Estimated 80%+ chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
8/10 Heat Factor
5 days above 106° expected this year, 11 days in 30 years
8/10 Wind Factor
80% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Norfolk, VA • 23510
Average low and high temperatures (°F)
46
32
50
35
66
46
74
55
78
62
87
71
90
75
82
71
79
68
71
56
64
48
52
37
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
93/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 13% for direct sun exposure in Norfolk. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.1 hrs
6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 40 Rader St #505
$489,869
$9,131 under list price of $499K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $290K to $789K.