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7314 Lois Ln, Lanham, MD, 20706

4beds
3baths
1,316sqft
$437,900
$333price/sqft
$3,184/moest. monthly cost
$127,360/yrincome needed

About This Home

7314 Lois Lane is the opportunity serious buyers in this market have been waiting for. Four bedrooms, three bathrooms, a detached home in Lanham, and unlike everything else at this price point, the expensive work is already done. Roof replaced 2024. Water heater replaced 2025. What remains is primarily cosmetic, which means the buyer who moves fast gets to design their dream home exactly the way they want it in one of Prince George’s County’s most desirable corridors. The bones are solid, the major systems are updated, and the location is undeniable — minutes from major commuter routes, shopping, dining, and direct access to Washington DC, Baltimore, and surrounding employment hubs. This is not a compromise property. This is a calculated move by a buyer who understands that equity is built by acquiring well-located, mechanically stable homes and finishing them on their own terms. The demand for four-bedroom detached homes in Prince George’s County is not softening, and properties with this combination of location, size, and upside do not sit. If you understand value, you already know what to do. Schedule your private showing today.

Getting Around

25
WalkingCar-Dependent
0
TransitVery Limited Transit
12
BikeSomewhat Bikeable

Schools

3/10
1/10
2/10
Parkdale High SchoolGrades 9-121.2 mi

Construction

Condition

  • Year built: 1960

Materials

  • Foundation: Block
  • Construction materials: Brick

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch/Rambler
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Instant Hot Water

Basement

  • Area: 1316

Basement

  • Has basement: Yes
  • Basement: Full

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 3
  • Main level bathrooms: 2
  • Main level bedrooms: 3

Features

  • Number of fireplaces: 1
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 1,316

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air,Natural Gas

Interior Area

  • Total structure area: 2,632
  • Total interior livable area: 1,316 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 17202207561
  • Zoning: RR
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Pool features: None

Lot

  • Lot size: 0.49 Acres

Parking

  • Total spaces: 1
  • Parking features: Garage Faces Front,Attached
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Heat Wave
Lightning
Winter Weather

FEMA Declared Disasters Across Maryland Counties

Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,214$26,568
Home Insurance *$146$1,752
Property Taxes $543$6,516
Electricity $281$3,374
Total$3,184$38,208
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$109,165/yr
40% on housing$95,520/yr
45% on housing$84,906/yr

Maryland FAIR Plan Programs

Maryland Joint Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 678Commercial: 44
Total Premiums$854,000
Total Exposure$326.56M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.9%
8.9%
0%30.0%
Electricity Growth Rate10-year average: 8.1%
8.1%
0%15.0%
Property Taxes Growth Rate2-year average: -0.7%
-0.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$333This listing

vs Other Active Listings

Avg $/sqft

ZIP 20706$192
Prince George's County$185

vs Homes Sold Last Month

Median $/sqft

ZIP 20706$246
Prince George's County$231

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-17Price change$437,900
2026-08-11Price change$444,900
2026-08-05Listed for sale$454,900
2020-08-26Sold$317,000
1997-12-30Sold$168,500

For Sale by Agent

AgentDJ Wiafe
BrokerageKeller Williams Legacy

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