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Preforeclosure Homes in Otto, NC 28763

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Otto, NC Foreclosures

How much do homes sell for in Otto, NC?
The average home price is currently $330,480.
In Otto, NC, how many homes are available?
There are currently 2 active home listings available in Otto.
What’s the average rental cost in Otto, NC?
The average rental price in Otto is $1,034.
What is the most expensive home in Otto?
The most expensive home sold in Otto had a price of $5,624,078.
What is currently the cheapest priced home in Otto, NC?
The cheapest home for sale in Otto is priced at $14,809.

Living in Otto, NC

Otto, NC is a charming mountain community perfect for nature lovers and those seeking a peaceful lifestyle. With beautiful scenery and a strong sense of community, it provides residents with a blend of outdoor activities and local heritage. Education and community involvement are at the forefront of Otto's appeal.

Current Market Conditions in Otto, NC

The real estate market in Otto has been experiencing growth over the past few years, driven by the increasing popularity of mountain living and outdoor recreational activities. As more people seek second homes or retirement properties in serene environments, Otto has become an attractive option.

Prices have seen a steady increase as demand rises, with both new constructions and older homes appealing to buyers. The combination of beautiful vistas and access to nature continues to make Otto a desirable location for real estate investment.

Home Value Estimator For Otto, NC

There are currently 1,499 real estate properties in Otto, NC, with a median automated valuation model (AVM) price of $284,954.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Otto, NC, 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 Otto, NC, is $330,480.00, with the most expensive house in Otto, NC, topping out at $5,624,078.00 and the cheapest home in Otto, NC, clocking in at $14,809.00. In other words, there’s something for every potential homebuyer or savvy investor in Otto, NC!

Rent Prices In Otto, NC

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Otto, NC, is on a rollercoaster ride. The average rent price in Otto, NC, is $1,034.00. Indeed, when looking to rent in Otto, NC, you can expect to pay as little as $470.00 or as much as $2,480.00, with the average rent median estimated to be $990.00. The good news is that finding an affordable and desirable property to rent in Otto, NC -- 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.

Otto, NC 28763 Preforeclosure Homes


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