Google street view image for 40 Rader St #507, Norfolk, VA 23510

Off market jun 2025 for $600K

$613,641

Est. refi paymentEst. refi $4,940/mo

•

2.5 ba

•

1,730

sq ft

40 Rader St #507, Norfolk, VA 23510

About this home

40 Rader St #507 is a 1,730 square foot condo with 2 bedrooms and 2.5 bathrooms. - it last sold on June 10, 2025 for $600,000. Based on Redfin's Norfolk data, we estimate the home's value is $613,641.

CondoProperty Type

1918Year Built

$355Est. Price/Sq.Ft.

2 spacesParking

Source:Public Records

Redfin Estimate

$613,641

$14K since sold in June 2025$3,000 since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 45.7% higher than the average sale price ($421K) of 6 comparable homes.

SOLD AUG 10, 2026
$367,000
A
2 beds2 baths1,541 sq ft
429 W York St Unit 3-D, Norfolk, VA 23510
SOLD APR 6, 2026
$499,000
B
3 beds2 baths1,791 sq ft
40 Rader St #403, Norfolk, VA 23510
SOLD AUG 10, 2026
$350,000
C
2 beds3 baths1,655 sq ft
111 W Tazewell St #304, Norfolk, VA 23510
SOLD JUL 30, 2026
$519,000
D
3 beds2.5 baths1,955 sq ft
305 Brooke Ave #208, Norfolk, VA 23510
SOLD JUN 12, 2026
$350,000
E
2 beds2 baths1,276 sq ft
429 York St Unit 4B, Norfolk, VA 23510
SOLD JUL 24, 2026
$442,500
F
3 beds3 baths2,390 sq ft
401 College Pl #24, Norfolk, VA 23510

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Earn from this home

Sell

$112,395

Est. take-home

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Refinance

Est. cash available

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Rent

$3,154/mo

Redfin rental estimate

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Market trends in 23510, VA

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

98.5%

+0.2% MoM

Median sale price

$350K

$70K MoM

Avg. days on market

39d

25 days MoM

Recently sold homes

1 MoM

New listings for sale

$639,000
3 beds3.5 baths2,200 sq ft
301 Brooke Ave #405, Norfolk, VA 23510
$275,000
2 beds2 baths1,021 sq ft
300 Yarmouth St #321, Norfolk, VA 23510
SHORT SALE
$195,000
1 bed1 bath991 sq ft
500 Granby St Unit 4A, Norfolk, VA 23510
3D WALKTHROUGH
$149,900
1 bed1 bath400 sq ft
215 Brooke Ave #311, Norfolk, VA 23510
3D WALKTHROUGH
$400,000
2 beds2 baths1,525 sq ft
388 Boush St #406, Norfolk, VA 23510
See all

Provided by Redfin

Sale history for 40 Rader St #507

Date

Event

Price

Public Records

Jun 10, 2025

Sold

$600,000

$347/sq ft

REINMLS #10554560

Mar 26, 2025

Price Changed

$625,000

$361/sq ft

Feb 18, 2025

Price Changed

$650,000

$376/sq ft

Jan 24, 2025

Price Changed

$679,000

$392/sq ft

Dec 6, 2024

Price Changed

$699,000

$404/sq ft

Oct 9, 2024

Listed

$760,000

$439/sq ft

REINMLS #10285316

Nov 12, 2019

Price Changed

$389,000

$225/sq ft

Oct 8, 2019

Listed

$405,000

$234/sq ft

Public Records

May 26, 2004

Sold

$255,000

$147/sq ft

Public Records

May 18, 2000

Sold

$205,000

$118/sq ft

Public Records

Apr 1, 1988

Sold

$160,000

$92/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$7,311 (+8.3%)

$86,500 + $517,200

$603,700

2024

$6,751 (+0.5%)

$86,500 + $507,900

$594,400

2023

$6,716 (+28.3%)

$86,500 + $462,400

$548,900

2022

$5,235 (+16.2%)

$86,500 + $450,800

$537,300

2021

$4,504 (+2.0%)

$69,200 + $349,600

$418,800

2020

$4,418

$48,400 + $311,900

$360,300

2019

$4,418

$41,500 + $311,900

$353,400

2018

$4,416 (+7.7%)

$41,500 + $311,900

$353,400

2017

$4,100

$41,500 + $315,000

$356,500

2016

$4,099

$41,500 + $315,000

$356,500

2015

$4,099 (−7.5%)

$41,500 + $315,000

$356,500

2014

$4,432

$41,500 + $343,900

$385,400

2013

$4,432 (+2.6%)

$41,500 + $343,900

$385,400

2012

$4,318

$41,500 + $343,900

$385,400

Tax history for 40 Rader St #507

Year

Property tax

Land + Additions

Assessment*

2025

$7,311 (+8.3%)

$86,500 + $517,200

$603,700

2024

$6,751 (+0.5%)

$86,500 + $507,900

$594,400

2023

$6,716 (+28.3%)

$86,500 + $462,400

$548,900

2022

$5,235 (+16.2%)

$86,500 + $450,800

$537,300

2021

$4,504 (+2.0%)

$69,200 + $349,600

$418,800

2020

$4,418

$48,400 + $311,900

$360,300

2019

$4,418

$41,500 + $311,900

$353,400

2018

$4,416 (+7.7%)

$41,500 + $311,900

$353,400

2017

$4,100

$41,500 + $315,000

$356,500

2016

$4,099

$41,500 + $315,000

$356,500

2015

$4,099 (−7.5%)

$41,500 + $315,000

$356,500

2014

$4,432

$41,500 + $343,900

$385,400

2013

$4,432 (+2.6%)

$41,500 + $343,900

$385,400

2012

$4,318

$41,500 + $343,900

$385,400

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Zoning

D-FN

CRO

CBPA

Downtown - Fort Norfolk District

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.

Zone overlays

Coastal Resilience Overlay District
Chesapeake Bay Preservation Areas Overlay

Permitted uses

Include but are not limited to:

Bank
Day care facility
Housing-Multiple units
Housing-Senior
Infrastructure
Hotel / motel
Office
Medical office
Educational/school
Park & open space

Property details

Interior

Bathroom Information
# of Full Baths: 2
# of 1/2 Baths: 1

Heating & Cooling
Air Conditioning Type: Central
Heating Type: Central

Room Information
# of Rooms: 7

Exterior

Exterior Information
Physical Condition: Good
Building Style Type: Multi-Family
Construction Type: Steel
Exterior Wall: Precast Concrete
Roof Shape Type: Gable
Building Type: Residential

Property Information
Subdivision Name: THE PIER CONDO
Living Sq. Ft: 1,730
Building Sq. Ft: 1,730
# of Stories: 1
Stories Type: 1
Legal Description: PAR 1&5 SITE 2 & PTS RADER ST CL UNIT 507

Lot Information
# of Buildings: 1
Land Sq. Ft: 1,093
Legal Lot Number: 1&5
Acres: 0.0251
County Use Description: RES 51+ CONDO CONVERTED

Financial

Assessor Information
Assessment Year: 2026

Public facts

Beds: 2
Baths: 2.5
Sq. Ft.: 1,730
Stories: 1.0
Lot Size: —
Style: Condo/Co-op
Year Built: 1918
Year Renovated: —
County: Norfolk
APN: 34077779

Home facts updated by county records on Sep 18, 2026

About this building

4 for sale

40 Rader St Norfolk, VA, 23510

See photos & sale trends

Photo via 505 listing

Units for sale


101	$315,000	1 bed	1 bath	1376 sq ft
413	$325,000	2 beds	2 baths	1379 sq ft
505	$499,000	2 beds	2.5 baths	1848 sq ft
504	$579,900	3 beds	2.5 baths	2010 sq ft

Around this home

Schools

W.H. Taylor Elementary School

Public PreK-5 • Assigned • 1.1mi

8/10

Blair Middle School

Public 6-8 • Assigned • 1.1mi

3/10

Maury High School

Public 9-12 • Assigned • 1.1mi

3/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

10/10 Flood Factor

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)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.3 hours in June and 5.1 hours in December, which is comparable to the U.S. average for solar exposure.

9.3 hrs

5.1 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$583,000 – $706,000

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New listings for sale in 23510

$639,000

3 beds3.5 baths2,200 sq ft

301 Brooke Ave #405, Norfolk, VA 23510

$275,000

2 beds2 baths1,021 sq ft

300 Yarmouth St #321, Norfolk, VA 23510

SHORT SALE

$195,000

1 bed1 bath991 sq ft

500 Granby St Unit 4A, Norfolk, VA 23510

3D WALKTHROUGH

$149,900

1 bed1 bath400 sq ft

215 Brooke Ave #311, Norfolk, VA 23510

3D WALKTHROUGH

$400,000

2 beds2 baths1,525 sq ft

388 Boush St #406, Norfolk, VA 23510

Home values near 40 Rader St #507

Data from public records.

Address	Redfin Estimate
40 Rader St Apt 508, Norfolk, VA 2 Beds \| 2.5 Baths \| 1618 Sq. Ft.	$502,293
40 Rader St Apt 511, Norfolk, VA 2 Beds \| 2 Baths \| 1610 Sq. Ft.	$369,469

Address	Redfin Estimate
40 Rader St Apt 506, Norfolk, VA 2 Beds \| 2 Baths \| 1561 Sq. Ft.	$481,683
40 Rader St Apt 509, Norfolk, VA 2 Beds \| 2.5 Baths \| 1902 Sq. Ft.	$584,391

Address	Redfin Estimate
40 Rader St Apt 505, Norfolk, VA 2 Beds \| 2.5 Baths \| 1848 Sq. Ft.	$489,920
40 Rader St Apt 606, Norfolk, VA 2 Beds \| 2 Baths \| 1579 Sq. Ft.	$572,678

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Earn from this home

Market trends in 23510, VA

Sale history for 40 Rader St #507

Tax history for 40 Rader St #507

Zoning

Property details

About this building

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 23510

Home values near 40 Rader St #507

More real estate resources