NOT LISTED FOR SALE

7116 Lois Ln Lanham, MD 20706

Estimated Value: $462,000 - $514,401

3 Beds
1 Bath
2,632 Sq Ft
$188/Sq Ft Est. Value

Last Sold July 17, 2019

Last sale price $345,000 $131 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $3,084/month

Highlights

  • 1 Fireplace
  • Brick Porch or Patio
  • Bungalow
  • No HOA
  • 60 Gallon+ Solar Water Heater
  • 1 Attached Carport Space

About This Home

As of January 2023

Unit B is a beautiful 3 bedroom, 1 bathroom, rental in Prince George's County Maryland. It is 1361 square feet of living space with a 1 car garage. Don't let this cutie fool you. .. so much larger than it appears! Sitting on an unheard of and pristine park like half acre setting in Lanham. This home is divided into units A and B. and meticulously maintained featuring newer Thompson Creek windows and gutter systems, updated appliances, kitchen cabinets, granite counters, HVAC system and the most impeccable fully fenced in yard of dreams! This home has been lovingly cared. Excellent location near the public library, public transportation, shops, restaurants and easy access to DC, Baltimore or Annapolis. This home is a true gem and homes in this neighborhood are rarely available. Don't miss out on the opportunity to make unit B your new address. Better than apartment living!

Last Agent to Rent the Property

Mr. K Oyedele

(301) 437-4630 kaysells@hotmail.com Cornerstone Properties and Financial Services LLC Listed on: 11/16/2022

Last Renter's Agent

Mr. K Oyedele

(301) 437-4630 kaysells@hotmail.com Cornerstone Properties and Financial Services LLC Listed on: 11/16/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,638

Year Built

  • Built in 1963 | Remodeled in 2019

Lot Details

  • 0.44 Acre Lot
  • Property is zoned RR

Home Design

  • Bungalow
  • Entry on the 1st floor
  • Brick Exterior Construction
  • Permanent Foundation

Interior Spaces

  • Property has 2 Levels
  • 1 Fireplace
  • Basement

Kitchen

  • Stove
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Parking

  • 1 Parking Space
  • 1 Attached Carport Space
  • Driveway
  • On-Street Parking

Utilities

  • Central Air
  • Heat Pump System

Additional Features

  • 60 Gallon+ Solar Water Heater
  • Brick Porch or Patio

Community Details

  • No Home Owners Association
  • Martins Woods Subdivision

Listing and Financial Details

  • Residential Lease
  • Security Deposit $1,850
  • $100 Move-In Fee
  • Requires 1 Month of Rent Paid Up Front
  • The owner pays for all utilities
  • Rent includes grounds maintenance, electricity
  • No Smoking Allowed
  • 24-Month Min and 36-Month Max Lease Term
  • Available 12/1/22
  • $50 Application Fee
  • Assessor Parcel Number 17202213817

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,638

Year Built

Built in 1963 | Remodeled in 2019

Lot Details

0

Rental Info

  • Date Available: 2022-12-01
  • Application Fee: 50.00
  • Months Rent Up Front: 1.0
  • Owner Pays: All Utilities
  • Pets Allowed: No
  • Rent Includes: Grounds Maintenance, Electricity
  • Security Deposit: 1850.00
  • Smoking Allowed Yn: No
  • Vacation Rental: No
  • Max Lease in Months: 36
  • Min Lease in Months: 24
  • Move In Fee: 100.00
  • Rent Spree Online Application: Yes

Listing Details

  • Property Type: Residential Lease
  • Structure Type: Detached
  • Architectural Style: Bungalow
  • Historic: No
  • New Construction: No
  • Story List: Lower 1, Main
  • Year Built: 1963
  • Year Renovated: 2019
  • Remarks Public: Unit B is a beautiful 3 bedroom, 1 bathroom, rental in Prince George's County Maryland. It is 1361 square feet of living space with a 1 car garage. Don't let this cutie fool you. .. so much larger than it appears! Sitting on an unheard of and pristine park like half acre setting in Lanham. This home is divided into units A and B. and meticulously maintained featuring newer Thompson Creek windows and gutter systems, updated appliances, kitchen cabinets, granite counters, HVAC system and the most impeccable fully fenced in yard of dreams! This home has been lovingly cared. Excellent location near the public library, public transportation, shops, restaurants and easy access to DC, Baltimore or Annapolis. This home is a true gem and homes in this neighborhood are rarely available. Don't miss out on the opportunity to make unit B your new address. Better than apartment living!
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Stove, Water Heater, Water Heater - Solar
  • Entry Floor: 1
  • Fireplaces Count: 1
  • Fireplace: No
  • Foundation Details: Permanent
  • Floors In Unit Count: 2
  • Levels Count: 2
  • Room Count: 8
  • Basement: Yes
  • Basement Finished Percent: 100.00
  • Total Sq Ft: 2632
  • Living Area Sq Ft: 2632
  • Price Per Sq Ft: 1.44
  • Above Grade Finished Sq Ft: 1316
  • Below Grade Finished Sq Ft: 1316
  • Total Below Grade Sq Ft: 1316
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 7116

Beds/Baths

  • Bedrooms: 3
  • All Lower Level Bedrooms: 3
  • Lower Level Bedroom: 3
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Lower Levels Bathrooms: 1
  • Lower Levels Bathrooms: 1.00
  • Lower Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Attached Carport Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Attached Carport, Driveway, On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: 60+ Gallon Tank
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District: PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS
  • School District Key: 121137599599
  • School District Source: Listing Agent

Lot Info

  • Horses: No
  • Lot Size Acres: 0.44
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 19166.40
  • Outdoor Living Structures: Brick
  • Zoning: RR

Tax Info

  • Assessor Parcel Number: 14633295
  • Assessor Parcel Number: 17202213817
  • Close Date: 01/21/2023

MLS Schools

  • School District Name: PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2019
Closed on
Jul 17, 2019
Sold by
Daverede Alex J and Daverede Heidi M
Bought by
Amberetu Rose Esah
Seller's Agent
Shelby Warner
RE/MAX Leading Edge
Buyer's Agent
Femi Olugbile
Long & Foster Real Estate, Inc.
List Price
$349,900
Sold Price
$345,000
Premium/Discount to List
-$4,900
-1.4%
Current Estimated Value
$494,600

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$149,600
Avg. Annual Appreciation
5.93%
Original Mortgage
$260,000
Outstanding Balance
$227,783
Interest Rate
3.82%
Mortgage Type
New Conventional
Estimated Equity
$266,817

Purchase Details

Closed on
Oct 1, 1992
Sold by
Frazier Ronald L
Bought by
Daverede Alex J and Daverede Heidi M
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Amberetu Rose Esah $345,000 Sim Titles Llc
Daverede Alex J $174,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Amberetu Rose Esah $260,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/21/2023 01/21/23 Rented $1,900 0.0% --
12/20/2022 12/20/22 Price Changed $1,900 -7.3% $1 / Sq Ft
12/07/2022 12/07/22 Price Changed $2,050 +10.8% $1 / Sq Ft
11/16/2022 11/16/22 For Rent $1,850 0.0% --
07/17/2019 07/17/19 Sold $345,000 -1.4% $131 / Sq Ft View Prior Sale
06/14/2019 06/14/19 Pending -- -- --
06/12/2019 06/12/19 For Sale $349,900 -- $133 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,638 $378,667 -- --
2024 $5,638 $352,533 $0 $0
2023 $5,248 $326,400 $73,000 $253,400
2022 $5,130 $318,433 $0 $0
2021 $5,011 $310,467 $0 $0
2020 $9,786 $302,500 $71,500 $231,000
2019 $3,994 $278,900 $0 $0
2018 $3,717 $255,300 $0 $0
2017 $3,583 $231,700 $0 $0
2016 -- $224,233 $0 $0
2015 $3,695 $216,767 $0 $0
2014 $3,695 $209,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDPG2063414

Bright MLS

APN: 20-2213817