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    500 Cosgrove Dr Otis, ME 04605

    For Sale
    $89,000

    Land, Other - Otis, ME

    Lot size:
    41.80 Acres
    Days on Market:
    96
    Last Refresh:
    Dec 12 at 10:06 am

    Property Features for 500 Cosgrove Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    41.80 Acres

    Building Details

    Architectural style
    Other

    NextHome, Inc

    Listing agent Meredith Tupper (207) 573-7400 License #BA929123,PersonLicenseNumber

    Listing date Sep 8, 2025

    MLS# 1627822 Listing URL

    Copyright © 2025 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    41.8 Acres in Otis, Maine

    This 41.8-acre parcel in Otis, Maine, presents an opportunity for building a homestead or seasonal retreat. The land features a mix of hardwood and softwood forest and a brook. A forestry management plan is in place. Approximately 2 acres are buildable, suitable for constructing a cabin, raising animals, or planting gardens. The remaining acreage includes trails, wildlife, and timber potential, making it suitable for hunting, firewood, or future harvesting. The property is located a short drive from Ellsworth, Acadia National Park, Bar Harbor, and the lakes of Hancock County.
    Location Intelligence

    Current Use by Public Records

    Agricultural land

    Map

    City
    Otis
    County
    Hancock
    State
    Maine
    Longitude
    -68.50915527
    Latitude
    44.72045517

    FAQs

    What type of property is this?
    Land - Land parcel perfect for homesteading or recreational retreat in Maine.
    Where is this land located?
    The property is located at 500 Cosgrove Dr Otis, ME.
    What is the asking price?
    The asking price for this property is $89,000.
    What are key features of this property?
    This property features: - 41.8-acre parcel ideal for building a homestead or retreat.; - Mix of hardwood and softwood forest with a meandering brook.; - Forestry management plan already in place.
    (207) 573-7400
    Request Owner's contact information
    500 Cosgrove Dr Otis, ME 04605
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    Otis, ME 04605
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    500 Cosgrove Dr Otis, ME 04605
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