A great affordable housing opportunity in a convenient Blacksburg location near shopping, schools, the Huckleberry Trail, and a neighborhood park. This energy-efficient townhome offers 3 bedrooms and 2.5 baths with durable LVP flooring throughout and a welcoming covered front porch. The thoughtful layout provides comfortable living space with the convenience of a main-level half bath. Two EV chargers will be available on site, and an HOA will be established upon completion of the development. Income and purchaser eligibility restrictions apply. Prospective buyers must be pre-screened and meet program requirements prior to purchase.
Airport Acres, located between Virginia Tech Montgomery Executive Airport and the Huckleberry Trail, is a residential and aviation-adjacent Blacksburg neighborhood with open runway views and wooded edges. The neighborhood’s character concentrates around the Virginia Tech Montgomery Executive Airport entrance on Airport Road, where hangars, flight-school activity, and small-aircraft comings-and-goings set the daily rhythm. Streets are lined with mid-century ranch homes and newer infill on generous lots, giving the area a low-slung, practical architectural profile. The nearby trail corridor frames a quieter, outdoors-forward routine with bike and foot traffic. Community touchstones in the orbit include the Moss Arts Center, the Lyric Theatre, and Rising Silo Brewery. A short drive connects to campus energy and downtown’s independent storefronts without changing the neighborhood’s calm, skyward feel.
Provided by Walk Score and Local Logic
Market insights
527 Neighborly Way · $245,000
DAYS ON MARKET
1 days
The average home goes pending in 7 days.
SALE-TO-LIST
98.6%
Most homes are selling 1% below list price.
LIST PRICE
$245,000
Median sale price in this area is $271,892. (11% higher than this home)
PRICE DROP
0 price drops
18% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Interior features
Dishwasher
Disposal
Dryer
Microwave
Electric range
Refrigerator
Washer
Electric water heater
Ceiling fan(s)
Heat pump
Bedrooms
Total rooms: 5
Bathrooms
2 full bathrooms
1 half bathroom
Kitchen
Dishwasher
Disposal
Microwave
Electric range
Refrigerator
Laundry & utility
Washer
Dryer
Electric water heater
Heating & cooling
Heat pump heating
Ceiling fan cooling
Exterior features
Shingle roof
Home design
Townhouse
Residential property
New construction
Parking
Asphalt parking
Construction
Above-grade finished area: 1,496
Utilities
Public water
Public sewer
HOA & community
Homeowners association with annual fee of $1,800 (equivalent to $150/month)
Electricity and solar
View estimated energy costs and solar savings for this home
The R-4 Low Density Residential District is provided in recognition of sections of the Town with low density residential development and land which appears appropriate for such development. Among these sections is land where the established use, character or density of development would be best protected by these regulations. The low density residential district is intended to define and protect residential areas of low density from the intrusion of uses not performing a function appropriate to the residential environment. Attractiveness, order and efficiency is encouraged by the requirement of adequate space for individual homes with adequate light, air and space, and maintaining an appropriate density of residential development. This district is intended to add to the physical variety of the overall residential area while promoting balance and stability.
Zone overlays
Floodplain
Permitted uses
Include but are not limited to:
Community / recreation center
Housing-Single unit
Infrastructure
Recreation
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
3/10 Heat Factor
6 days above 95° expected this year, 16 days in 30 years
2/10 Wind Factor
1% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 527 Neighborly Way
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $230,000 and $451,645.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $230K to $452K.