Perched on a sprawling 1-acre lot in the established Bali Hai Estates, 865 Olney Rd offers a rare opportunity to own a piece of Vinton’s scenic landscape. This 1968 brick ranch is a diamond in the rough, boasting breathtaking, panoramic views that you truly have to see to believe. As an REO property, this home is priced to reflect its need for a full renovation. Whether you’re an investor looking for your next project or a homeowner dreaming of a custom transformation, the "bones" are here to work with. A
Mecca Gardens, located between I-581 and the Roanoke River Greenway, is a residential and river-adjacent Roanoke neighborhood with mid-century ranch homes and leafy, low-traffic streets. The neighborhood’s character concentrates around the Greenway trailheads near Wasena Park, where cyclists, runners, and dog-walkers stream past picnic lawns and river overlooks. Housing reads as practical and well-kept, with brick facades, deep setbacks, and mature trees shaping a calm streetscape. Daily rhythms orbit outdoor time—walks to the river, playground loops, and weekend park gatherings. For a local-night-out anchor, the Grandin Village corridor adds Roanoke Co+op, the Grandin Theatre, and RND Coffee Lounge as community pillars. Geography stays central: water, trails, and quick hops to the city grid without losing the tucked-away feel.
Provided by Walk Score and Local Logic
Market insights
865 Olney Rd · $259,000
DAYS ON MARKET
62 days
The average home goes pending in 28 days.
SALE-TO-LIST
98.1%
Most homes are selling 2% below list price.
LIST PRICE
$259,000
Median list price in this area is $363,352. (40% higher than this home)
PRICE DROP
0 price drops
28% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Fireplace (masonry)
Bedroom on main level
Walk-out basement access
Bedrooms
Second bedroom on first floor
Bathrooms
2 full bathrooms
1 half bathroom
First-floor full bath with tub and shower
Kitchen
Main-level kitchen
Basement kitchenette
Laundry & utility
Washer hookup
Dryer hookup
Water heater (other)
Flooring
Carpet
Wood
Heating & cooling
Central air
Heating: baseboard, hot water, natural gas
Exterior features
Rear porch
Deck
Paved driveway
Landscaped lot
Home design
2-story house
Entry level is first floor
Resale property
R1 zoning
Parking
Paved driveway
No garage
Construction
Brick and drywall construction
Composition roof
Below-grade finished and unfinished space
Utilities
Public water
Public sewer
Electricity and solar
View estimated energy costs and solar savings for this home
Perched on a sprawling 1-acre lot in the established Bali Hai Estates, 865 Olney Rd offers a rare opportunity to own a piece of Vinton's scenic landscape. This 1968 brick ranch is a diamond in the rough, boasting breathtaking, panoramic views that you truly have to see to believe. As an REO property, this home is priced to reflect its need for a full renovation. Whether you're an investor looking for your next project or a homeowner dreaming of a custom transformation, the ''bones'' are here to work with.
CVRMLS #2623431
Aug 27, 2026
Listed
$259,000
$124/sq ft
MLSRV #926940
Jul 30, 2026
Listing Removed
—
Apr 25, 2026
Listed
$269,000
$129/sq ft
CVRMLS #2610842
Jul 30, 2026
Listing Removed
—
Jun 10, 2026
Price Changed
$259,000
$124/sq ft
May 28, 2026
Price Changed
$260,000
$124/sq ft
Apr 25, 2026
Listed
$269,000
$129/sq ft
Public Records
May 1, 1994
Sold
$104,000
$50/sq ft
Public Records
Oct 1, 1989
Sold
$88,500
$42/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$2,987 (+12.5%)
$40,000 + $250,000
$290,000
2025
$2,655 (+4.9%)
$38,000 + $219,800
$257,800
2024
$2,531 (+4.5%)
$38,000 + $205,400
$243,400
2023
$2,422 (+7.7%)
$38,000 + $190,500
$228,500
2022
$2,250 (+80.3%)
$38,000 + $168,400
$206,400
2021
$1,248
$38,000 + $150,800
$188,800
2020
$1,248
$35,000 + $141,700
$176,700
2018
$1,248
$32,000 + $134,300
$166,300
2017
$1,248
$30,000 + $128,600
$158,600
2016
$1,247 (−26.4%)
$30,000 + $128,600
$158,600
2015
$1,694 (+1.7%)
$30,000 + $127,000
$157,000
2014
$1,665
$30,000 + $122,800
$152,800
Public record
Public record
Zoning
Beds
3
Baths
2.5
Stories
—
Lot width
—
Lot depth
—
Lot size
0.35 Acres
Year renovated
1987
Finished Sq. Ft.
1,404
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,404
Year built
1968
Style
Single Family Residential
County
Roanoke County
APN
061.09-02-04.00-0000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 21, 2026.
R1
Residential District
The purpose of the R-1 residential district is to provide appropriate areas for moderate density single-family residential development and promote a suitable residential environment with necessary community facilities and public services. The district is also intended to preserve the predominant character of established neighborhoods and protect single-family residential areas from encroachment by potentially incompatible nonresidential uses and higher density residential uses.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Group
Housing-Single unit
Infrastructure
Educational/school
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.15% chance of being in a wildfire in next 30 years
5/10 Heat Factor
7 days above 100° expected this year, 18 days in 30 years
2/10 Wind Factor
1% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Vinton, VA • 24179
Average low and high temperatures (°F)
43
27
50
32
67
42
74
51
75
56
86
66
89
71
81
64
80
59
71
49
61
42
48
31
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
96/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 11% for direct sun exposure in Vinton. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.2 hrs
7.2 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 865 Olney Rd
$258,022
$978 under list price of $259K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $230K to $300K.