Property Description

2807 Red Oak Ln, Lanham, MD 20706

3BR Lanham Townhouse | New HVAC | Newer Roof

This is one of the cleanest rehab setups we have brought to market this year. New HVAC, newer roof, owner-occupied and maintained for a decade, and a $345,000 ARV supported by strong comparable sales — at an entry price of $224,490.

The HVAC system was replaced less than one year ago. The roof has been updated in recent years. What remains is the work that drives resale value: windows, sliding door, kitchen, baths, flooring, and paint. The scope is predictable and the timeline should be fast.

Here is the part worth paying attention to. 2708 Red Oak Ln — same street, same layout, same condition — sold for $310,000 in 14 days. We are selling 2807 for $224,490. That is $85,500 less for what is essentially the same house. Renovate to market standard and comparable updated townhomes without basements support a $345,000 ARV. Comps with basements in this pocket are trading above $400,000.

The property has been owner-occupied and maintained over the last decade. This is a 1988-built center-unit townhouse with predictable scope and multiple exit strategies. Flip it, BRRRR it, or hold it as a rental.

WHY THIS DEAL MAKES SENSE

• 65% of ARV with room to work. Entry at $224,490 against a $345,000 ARV. The spread accounts for renovation, carrying costs, and profit — and the systems that usually consume the biggest share of a rehab budget are already handled.
• HVAC is less than a year old. Roof is newer. These are the two line items that blow up renovation budgets when they surprise you. Here, they are done. Your capital stays on the updates that move the resale number — kitchen, baths, flooring, finishes.
• Same-street comp in the same condition sold for $310K. You are buying at $224K. 2708 Red Oak Ln — same street, same layout, same condition — closed at $310,000 in 14 days. Your entry is $85,500 less than what someone else just paid for the same product. That discount is your margin.
• DC commuter and government employee demand. Lanham attracts a deep and consistent buyer pool. Updated, move-in-ready townhomes in this corridor sell to commuters, government employees, and families who want an accessible price point close to DC.
• 1988 construction. No surprises. Conventional framing, modern systems, standard layout. Contractors know this product. No century-old plumbing, no plaster, no specialty trades. The scope is predictable and the timeline is fast.

YOU SHOULD KNOW

• Well maintained for 10 years — needs updating, not rescue
• Windows and sliding door likely original — plan to replace
• Kitchen and baths are dated
• Flooring and interior paint needed throughout
• No basement
• Center-unit townhouse

Walk it, verify your numbers, and make your offer accordingly.

PROPERTY HIGHLIGHTS

• 3 Bedrooms / 1.5 Bathrooms
• 1,160 sqft — 2-story center-unit townhouse
• HVAC less than 1 year old (electric heat pump + central air)
• Newer composite shingle roof
• No basement
• Frame construction
• Built: 1988
• Glenarden Forest subdivision
• Lanham, MD 20706

THE NUMBERS

• ARV: $345,000 (comps without basements; comps with basements above $400K)
• Buy It Now: $224,490
• Purchase Basis: ~65% of ARV

📈 Comps & Market Data: https://matrix.brightmls.com/Matrix/Public/Portal.aspx?ID=54815657136

TERMS

• Cash or hard money only
• Closing on or before 8/7/2026 at RESE Title
• Assignment preferred
• We intend to select a buyer within 48 hours
• If multiple offers are received, only the top two buyers will move to best and final

First signed agreement with proof of funds wins.

Submit Offer Here