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Preforeclosure Homes in Broomes Island, MD 20615

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Living in Broomes Island, MD

Broomes Island, MD, is a hidden gem known for its tranquil lifestyle and picturesque views along the Patuxent River. This small community is perfect for those seeking peace and a close-knit atmosphere. With various outdoor activities available, it captures the charm of waterfront living combined with essential amenities.

Current Market Conditions in Broomes Island, MD

The real estate market in Broomes Island is currently stable, with a steady demand for properties driven by its scenic beauty and relaxed lifestyle. Buyers are drawn to the area for its affordability compared to other waterfront locations in Maryland.

Recent trends indicate a growing interest in seasonal and vacation homes, as more buyers are looking for getaway spots near the water. This increase in demand has led to a modest rise in home prices, making it an opportune time for investors to consider purchasing property in the area.

Home Value Estimator For Broomes Island, MD

There are currently 228 real estate properties in Broomes Island, MD, with a median automated valuation model (AVM) price of $436,901.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Broomes Island, MD, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Broomes Island, MD, is $523,808.00, with the most expensive house in Broomes Island, MD, topping out at $1,801,598.00 and the cheapest home in Broomes Island, MD, clocking in at $15,144.00. In other words, there’s something for every potential homebuyer or savvy investor in Broomes Island, MD!

Rent Prices In Broomes Island, MD

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Broomes Island, MD, is on a rollercoaster ride. The average rent price in Broomes Island, MD, is $2,075.00. Indeed, when looking to rent in Broomes Island, MD, you can expect to pay as little as $1,090.00 or as much as $3,340.00, with the average rent median estimated to be $2,070.00. The good news is that finding an affordable and desirable property to rent in Broomes Island, MD -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Broomes Island, MD 20615 Preforeclosure Homes


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