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Land 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 quaint town known for its natural beauty, including stunning lakes and hiking trails. It offers a peaceful lifestyle with a strong sense of community, perfect for those looking to escape the hustle and bustle of city life while still enjoying nearby recreational activities and amenities. Residents appreciate the friendly atmosphere and numerous outdoor opportunities.

Current Market Conditions in Otisfield, ME

The real estate market in Otisfield has seen a steady increase over the past year, with more families and retirees looking to settle in this idyllic area. The demand is growing, particularly for homes on or near the water, making it a competitive market for buyers. Sellers are often receiving multiple offers, which reflects the desirability of the area.

New construction is also on the rise, with developers responding to the increased interest in rural living, making Otisfield a viable option for homebuyers seeking new homes in a tranquil setting.

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 Land


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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