2 months on rocket

40 Rader St Unit 507, Norfolk, VA, 23510

$699,000

Home List Price

$8,301*

Closing Credit

3 Bedrooms
2 Full Baths, 1 Partial
1,856 SqFt
$377/SqFt
Condo

Location

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40 Rader St Unit 507, Norfolk$699,000

Buyer Closing Credits

$8,301*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Parking2 Space, Assigned/Reserved, Off Street, Street
Year Built1918
HeatingHeat Pump, Other
CoolingCentral Air
WaterfrontWaterfront, Dock, Navigable Water, River
MLS #10554560
StatusActive

About 40 Rader St Unit 507

Sophisticated 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

Property Features

Property Information:

  • Architectural Style: Mid Rise
  • Year Built: 1918
  • Stories: 2
  • Living Area: 1,856 SqFt

Listing Office:

  • Office Name: BHHS RW Towne Realty
  • Listing Agent: Claudia Mackintosh

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Electric Range, Refrigerator, Washer
  • Flooring Type: Laminate/LVP
  • Interior: Walk-In Closet

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: Waterfront, Dock, Navigable Water, River
  • Exterior: Cul-De-Sac, Deck, Inground Sprinkler, Patio

Parking Information:

  • Attached Garage: No
  • Parking: 2 Space, Assigned/Reserved, Off Street, Street

Utilities

Utilities Information:

  • Heating: Heat Pump, Other
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $699,000
  • Price Per SqFt: $377/SqFt
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Housing Market Comparison

See how this home compares to others in Norfolk, VA.

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Norfolk, VA

City

Med. List Price

$325K

Med. Price/SqFt

$203

Avg. Days On Market

83

# of Sold Homes

198

40 Rader St Unit 507 vs Norfolk

73 DAYS ON ROCKET

-10 Days

$699,000

+$374K More

$377/SqFt

+$174 More

KEY TAKEAWAY

This property is $374K more than the Median List Price and $174/SqFt more than other homes in Norfolk, VA.

Based on homes listed in November 2024

MLS Details

MLS Information:

  • MLS Number: #10554560

Listing Office:

  • Office Name: BHHS RW Towne Realty
  • Listing Agent: Claudia Mackintosh

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Property Sales & Tax

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$3,556

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,162

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-953226
8
/10

  • W. H. Taylor Elementary School

  • 1122 W Princess Anne Rd

  • 1.09 miles

  • Public District Grades PK-5

school-card-donut-953227
4
/10

  • Park View Elementary School

  • 260 Elm Ave

  • 1.21 miles

  • Public District Grades KG-6

school-card-donut-953228
2
/10

  • Tidewater Park Elementary School

  • 1045 E Brambleton Ave

  • 1.26 miles

  • Public District Grades 3-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $74,728. The most common annual income of people living in Norfolk, VA is between $35k-100k. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Living In Norfolk, VA

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

Types of housing in Norfolk, VA.

Norfolk's housing market is diverse, offering a mix of single-family homes, apartments, and townhouses to suit various preferences. The architectural styles in Norfolk are eclectic, with a significant number of properties reflecting historical charm alongside modern and contemporary designs. The city's homeownership rate is robust, with a substantial portion of residents owning their homes, while the remainder of the population opts for rental opportunities.

What is it like to live in Norfolk, VA?

Norfolk prides itself on its rich maritime history and strong military presence, given its strategic coastal location. The community's character is further defined by its vibrant arts scene, with numerous galleries and theaters contributing to the cultural fabric of the city. Annual events, such as the Norfolk Waterfront Jazz Festival, highlight the city's love for music and community gatherings.

Is it easy to get around Norfolk, VA without a car?

The city is served by a comprehensive educational system, including a variety of public and private schools that cater to different educational needs, some with religious affiliations. Norfolk's healthcare infrastructure is well-established, with several hospitals offering a range of services from emergency care to specialized treatments. The public library system is extensive, supporting the community's educational and informational needs. Retail and dining options are plentiful, reflecting the local culture and cuisine, with ongoing initiatives to enhance these services to meet the evolving demands of the community.

Transportation in Norfolk, VA.

Norfolk's transportation infrastructure supports both private and public transit options, with a network of roads and highways facilitating travel within and beyond the city. Public transportation is available, with bus services operating on a set schedule, providing residents with reliable means of commuting. The city also accommodates ride-sharing services, enhancing mobility options for residents. Certain areas of Norfolk are known for their walkability, offering pedestrian-friendly environments, while bike paths are also available for cycling enthusiasts.

Frequently Asked Questions About 40 Rader St Unit 507

What is the listing price of this property?

The listing price of 40 Rader St Unit 507 property is $699,000.

What type of property is this?

The property 40 Rader St Unit 507 is a condo located in Norfolk, Virginia, 23510.

Is this property for sale now?

Active Listing: 40 Rader St Unit 507 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 40 Rader St Unit 507 has 3 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 40 Rader St Unit 507 is 1,856 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 40 Rader St Unit 507 is 1918.

Rocket Homes›Virginia›Norfolk›23510›40 Rader St Unit 507

This home is located at 40 Rader St Unit 507 in Norfolk, VA and zip code 23510. This 1,856 square foot home was built in 1918. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since October 10, 2024 and is currently priced at $699,000.

Between October 2024 and November 2024, Norfolk, VA real estate market has seen increase in the number of listings by 2.8%. The median list price of listings available in November 2024 was $325,000, while the average time on the real estate market was 83 days.

From Rocket Homes Real Estate and based on county public records data.

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