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Condo Foreclosures in Otisfield, ME

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Otisfield, ME Foreclosures

How much do homes sell for in Otisfield, ME?
The average home price is currently $354,939.
What’s the average rental cost in Otisfield, ME?
The average rental price in Otisfield is $1,028.
What is the most expensive home in Otisfield?
The most expensive home sold in Otisfield had a price of $4,425,182.
What is currently the cheapest priced home in Otisfield, ME?
The cheapest home for sale in Otisfield is priced at $14,892.

Living in Otisfield, ME

Otisfield, Maine is a serene rural town surrounded by stunning nature and abundant recreational opportunities. It features a close-knit community with various local amenities and family-friendly activities. This quaint town is perfect for those looking to settle down in a peaceful and beautiful setting.

Current Market Conditions in Otisfield, ME

The real estate market in Otisfield has shown steady growth over the past year, with a steady demand for properties, particularly those near the lake. Median home prices have been rising due to the area's appeal for both permanent residents and vacation homebuyers. Buyers are drawn to the spacious lots, scenic views, and the potential for outdoor activities. This trend is expected to continue as more people seek homes in tranquil settings away from urban areas.

Due to its proximity to recreational areas and beautiful landscapes, Otisfield is positioned favorably in the market. Homes here often sell quickly, especially those that are updated or maintained well. The combination of natural beauty and rural charm makes it an attractive option for various buyers.

Home Value Estimator For Otisfield, ME

There are currently 1,159 real estate properties in Otisfield, ME, with a median automated valuation model (AVM) price of $284,889.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Otisfield, ME, 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 Otisfield, ME, is $354,939.00, with the most expensive house in Otisfield, ME, topping out at $4,425,182.00 and the cheapest home in Otisfield, ME, clocking in at $14,892.00. In other words, there’s something for every potential homebuyer or savvy investor in Otisfield, ME!

Rent Prices In Otisfield, ME

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Otisfield, ME, is on a rollercoaster ride. The average rent price in Otisfield, ME, is $1,028.00. Indeed, when looking to rent in Otisfield, ME, you can expect to pay as little as $810.00 or as much as $1,290.00, with the average rent median estimated to be $940.00. The good news is that finding an affordable and desirable property to rent in Otisfield, ME -- 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.

Otisfield, ME Condos


Market Trend for Otisfield, ME

Total Listings Available: 0

Market Values:

Home Prices from $14,892 to $4,425,182

Average Sales Price: $354,939

Rental Values:

Rental from $810 to $1,290

Average Rent Value: $1,028 / month

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