242 Lastner Ln, Greenbelt, MD 20770

Greenbelt Colonial | 4BR / 2.5BA | Walkout Basement + Carport

ASK: $345,000
BUY NOW: $360,000
ARV: $585,000
Closing: November 20, 2026
$10,000 EMD | First Class Title

DEAL SNAPSHOT

• 4 Bedrooms / 2 Full + 1 Half Bath
• 1,912 SF Above Grade
• 1,004 SF Unfinished Walkout Basement
• 2,916 SF Total Structure
• 2-Story Colonial
• Attached 1-Car Carport
• 10,544 SF Lot / 0.242 Acre
• Year Built: 1964
• Subdivision: Boxwood Village
• City: Greenbelt
• County: Prince George’s County
• Zoning: RSF-65
• Fireplace
• Open-Concept Kitchen Layout
• Rear Deck & Patio
• Public Sewer
• Taxable Assessment: $497,100
• Annual Taxes: Approx. $10,086
• HOA: None reported by seller

WHY THIS DEAL STANDS OUT

• Established Boxwood Village location
• 4BR / 2.5BA configuration entirely above grade
• Nearly 2,000 SF of existing above-grade finished living area
• Additional 1,004 SF walkout basement
• Potential to create a 5BR / 3.5BA configuration, subject to permits and egress
• Attached 1-car carport
• 10,544 SF residential lot
• Open-concept kitchen configuration
• Fireplace
• Existing wood / wood-look flooring in several areas
• Rear deck and patio space
• Same-street renovated property sold for $585K
• Multiple nearby Boxwood Village sales between $545K and $570K
• Strong value-add opportunity in an established residential community

PROPERTY OVERVIEW

242 Lastner Ln is a detached two-story Colonial located in Greenbelt’s established Boxwood Village neighborhood.

The home offers approximately 1,912 SF of above-grade finished living space, with an existing 4-bedroom / 2.5-bathroom layout across the main and upper levels.

An additional 1,004 SF unfinished walkout basement provides meaningful expansion potential, with the opportunity to introduce more finished living space and potentially an additional bedroom and bathroom, subject to required approvals.

The property also features an attached carport, fireplace, rear deck, patio and approximately 10,544 SF of land.

With strong nearby renovated comparables and a similar home on Lastner Lane closing at $585K, the property offers a compelling opportunity for investors targeting the established Greenbelt resale market.

MAIN LEVEL

The main level features a traditional Colonial configuration with multiple living and entertaining areas.

Highlights include:

• Living room
• Family room
• Dining space
• Open-concept kitchen layout
• Half bathroom
• Fireplace
• Wood / wood-look flooring in multiple areas
• Tiled family-room area
• Access to the rear outdoor space

The existing footprint offers good separation between entertaining, dining and family living areas.

KITCHEN

The kitchen was reportedly opened and updated around 2007.

Features include:

• Open-concept configuration
• Existing wood cabinetry
• Established counter and storage space
• Connection to adjacent living / dining areas

The layout provides a practical foundation for a modern owner-occupant retail presentation.

BEDROOMS & BATHROOMS

The property currently features:

4 Bedrooms | 2 Full Bathrooms | 1 Half Bathroom

All four existing bedrooms are located above grade, according to the field notes.

This provides strong family-oriented functionality without relying on the basement for the current bedroom and bathroom count.

WALKOUT BASEMENT

1,004 SF — Additional Living Space Potential

One of the property’s largest value-add opportunities is the full walkout lower level.

Features include:

• Approximately 1,004 SF
• Exterior walkout access
• Existing windows
• Open floor area
• Storage and mechanical space
• Potential additional recreation / family space
• Potential bedroom and bathroom expansion, subject to applicable permits and egress

The property currently offers 1,912 SF finished above grade, while the basement remains unfinished.

A completed lower-level configuration could support a larger overall finished footprint and a potential 5BR / 3.5BA exit, subject to the final approved layout.

EXTERIOR & LOT

The home sits on approximately:

10,544 SF / 0.242 Acre

Exterior features include:

• Detached Colonial residence
• Attached 1-car carport
• Rear deck
• Concrete patio
• Mature landscaping
• Established residential yard
• Walkout basement access
• Additional outdoor living space

The property provides a good combination of interior size, basement expansion potential and usable outdoor space.

LOCATION

Located in Boxwood Village, Greenbelt, the property benefits from an established residential setting with convenient access to:

• Greenbelt Road
• Baltimore-Washington Parkway
• Capital Beltway / I-495
• Greenbelt Metro
• NASA Goddard Space Flight Center
• Shopping and dining
• Parks and recreation
• Major Prince George’s County employment centers

ARV & COMPARABLE SALES

ARV: $585,000

210 Lastner Ln — $585,000

Strongest Same-Street Comp

• Sold February 25, 2026
• 5 Beds / 3.5 Baths
• Approx. 2,528 SF finished
• Approx. 1,928 SF above grade
• 1-car carport
• Approx. 7,841 SF lot
• Renovated condition
• Finished lower-level living area

This is the most relevant comparable due to its same-street location, nearly identical above-grade square footage, similar Colonial configuration and carport.

The subject offers a larger lot and approximately the same above-grade footprint.

Its sale demonstrates the potential value of a completed 5BR / 3.5BA configuration in this immediate location.

105 Julian Ct — $569,900

• Bright MLS closing: November 19, 2025
• 4 Beds / 3 Full Baths
• Approx. 2,400 SF total finished
• Approx. 8,492 SF lot
• Renovated kitchen and bathrooms
• Finished lower level
• Boxwood Village

Strong neighborhood resale support for a completed renovation with additional lower-level utility.

108 Hedgewood Dr — $560,000

• Sold December 5, 2025
• 5 Beds / 3 Full Baths
• Approx. 2,028 SF total finished
• Updated interior
• Finished walkout lower level
• Approx. 8,736 SF lot

A useful five-bedroom benchmark showing buyer demand for renovated homes with finished lower-level space in Boxwood Village.

111 Tamarisk Ct — $545,000

• Sold December 15, 2025
• 4 Beds / 2.5 Baths
• Approx. 1,928 SF above grade
• Approx. 11,561 SF lot
• Boxwood Village

Excellent above-grade size and existing-layout comparison, with nearly identical main living square footage.

108 Rosewood Dr — $530,000

• Sold July 28, 2026
• 4 Bedrooms
• Approx. 1,880 SF reported
• Approx. 9,100 SF lot
• Boxwood Village

Additional neighborhood support for detached four-bedroom properties with similar footprints.

ARV POSITIONING

$585,000 After-Repair Value

The finished-value opportunity is supported by:

• Same-street $585K renovated sale
• Nearly identical above-grade footprint to 210 Lastner Ln
• Existing 4BR / 2.5BA configuration
• Full 1,004 SF unfinished walkout basement
• Potential additional bedroom and bathroom
• Attached carport
• Larger lot than the strongest same-street comp
• Multiple renovated neighborhood sales in the mid-to-upper $500Ks

The $585K ARV assumes a completed renovation, a structurally sound and dry lower level, and sufficient permitted finished basement area to compete with the strongest renovated sales.

PROPERTY CONDITION & DUE DILIGENCE

The property is being offered as-is and is suited to an investor planning a comprehensive improvement project.

Seller and field information identifies a previously patched/leaking roof, currently inoperative HVAC, prior basement water intrusion, and reported cracking/bowing of the front basement foundation wall. An existing interior French drain is reported.

Buyers should independently evaluate these conditions and verify the scope of any necessary structural and water-management work.

The basement is currently unfinished. Any additional bedroom, bathroom or finished-area designation remains subject to buyer verification and applicable approvals.

Post-Settlement Occupancy

Seller requires a 10-day post-settlement occupancy.

• Days 1–14: No occupancy charge
• Beginning Day 15: $400/day
• Charge continues until seller fully vacates
• $25,000 seller proceeds held in escrow at settlement
• Escrow held by First Class Title Inc.

TERMS

ASK: $345,000
BUY NOW: $360,000
ARV: $585,000
$10,000 EMD
Closing: November 20, 2026
First Class Title

• Property conveyed as-is
• Cash / hard-money buyers
• Buyer to complete independent due diligence
• Buyer to verify basement conditions, potential finished area and permits
• Buyer to confirm title and settlement requirements through First Class Title
• Possession terms to be confirmed