What is the estimated value of 6205 centipede place?

The estimated home value for 6205 centipede place is approximately $351,000, with a likely range between $298,350 and $403,650.

How much equity is in 6205 centipede place?

Based on our calculations, the estimated equity for 6205 centipede place is $90,903.

What are the capital gains tax implications for selling 6205 centipede place?

The estimated capital gain on the sale of 6205 centipede place is $9,500. Depending on filing status, you may be eligible for a Section 121 exclusion.

What would net proceeds be from selling 6205 centipede place?

After estimated commissions, closing costs, and mortgage payoff, the net proceeds from selling 6205 centipede place are estimated to be $50,538.

6205 Centipede Place, Castle Hayne, NC 28429

List Price

Our Estimate: $351,000

ZZillow Zestimate: $364,200

Valuation Comparison

Our Estimate

$351,000

Range: $298,350 - $403,650

Zillow Zestimate®View on Zillow

$364,200

Range: $345,990 - $382,410

30-Day Trend

+$2,161(0.6%)

Zestimate® is a registered trademark of Zillow, Inc. Valuation models differ based on data availability, proprietary algorithms, and recent market shifts.

3Beds

2Baths

1,615SqFt

2023Built

AI Property Analysis

Built in 2023, this modern single-story patio home located in the desirable Sidbury Station community offers 1,615 square feet of light-filled living space. Designed for efficient and comfortable low-maintenance living, the thoughtful layout features three well-proportioned bedrooms and two full bathrooms. Key physical details include low-maintenance vinyl siding, a solid slab foundation, central air conditioning powered by an electric heat pump, and an attached 420-square-foot two-car garage. The home's single-level layout seamless connects main living areas, complemented by an inviting open porch that expands the outdoor living footprint. Modern energy-efficient systems and contemporary construction quality ensure move-in ready ease and long-term peace of mind for prospective homeowners. Positioned on a 0.22-acre lot (9,583 square feet), the property balances easy lawn maintenance with ample backyard space. The outdoor area offers ideal potential for creating a private patio sanctuary, establishing personal garden beds, or hosting weekend gatherings, making it a versatile canvas for custom outdoor enhancements.

Your Capital Gains Tax Savings

Section 121 Primary Residence Exemption Analysis

Total Potential Taxable Gain

$9,500

Based on estimated value of $351,000 minus purchase price of $341,500

✅ You likely qualify! You've owned this home for 3.1 years (minimum 2 years required).

⚠️ This tax benefit may not last forever. The Section 121 exclusion is frequently debated in Congress. Knowing your equity options now is crucial for long-term wealth planning.

Single Filer

Up to $250K Exclusion

Protected Amount:$9,500

Capital Gains Rate:20%

Potential Tax Savings:$1,900

Married Filing Jointly

Up to $500K Exclusion

Protected Amount:$9,500

Capital Gains Rate:20%

Potential Tax Savings:$1,900

Tax Liability Comparison

* This analysis is purely an estimate based on assumed 20% capital gains rates and available public data. We are not tax professionals. Please consult a licensed CPA to verify your exact eligibility and tax implications.

Financial Projections

Estimated Net Proceeds

Estimated Cash in Hand:$50,538

Equity Breakdown

Cost to Build Today$363,375

Investor Quick-Sale Est.$214,812

Monthly Rental Est.$2,282/mo

Your Appreciation Story

Your Annual Return0.9%Compound growth rate

Historical Average3.5%Long-term US average

Above-Average Growth+$0Growth above historical 3.5% baseline

Your home has appreciated at 0.9% per year — below the historical average of 3.5%. This extraordinary growth was driven by recent market conditions that are unlikely to repeat. Understanding this context is key to making smart decisions about your equity.

What Could Your Equity Do?

If you sold today and invested your $50,538 equity in the S&P 500, in 10 years it could grow to $131,081 — compared to an estimated $235,023 in total equity by staying in the home.

The Hidden Cost of Holding

Insurance (0.4% est)$117/mo

Maintenance (1% est)$293/mo

Opportunity Cost (5% est)$211/mo

Total Monthly Holding Cost$620/mo

* Estimates do not include county, city, or other annual property taxes.

While your home appreciates, it costs approximately $620/month to hold — including $211/month in opportunity cost from equity that could be earning interest elsewhere.

Market Pulse

Market Temp

❄️ Cool

Slower price growth and extended listing times suggest a more buyer-friendly environment.

Your Neighborhood

Nestled in Castle Hayne within the acclaimed New Hanover County school district, this area offers a relaxed, tight-knit community vibe just a short drive from downtown Wilmington's historic charm and coastal beaches. Local residents enjoy outdoor recreation along the Cape Fear River, nearby parks, and seamless access to everyday shopping and dining. Steady demand in this rapidly expanding pocket of the greater Wilmington region makes it an attractive, high-lifestyle location for modern homeowners.

Market Trend Predictions

1 Year Forecast$358,727Range: $353K - $363K

3 Year Forecast$374,696Range: $356K - $389K

5 Year Forecast$391,376Range: $359K - $417K

Estimated Monthly Equity Gain

+$644/mo

Based on moderate market appreciation projections, your property generates passive wealth each month.

❄️Market Outlook & Sell Window

Buyer's market — consider waiting for conditions to improve

* Projections are estimates based on historical trends and local market data, and do not guarantee future performance.

⚖️ This analysis is for informational purposes only and does not constitute professional advice. Always consult with a licensed local real estate agent, appraiser, attorney, and/or accountant before making any real estate decisions or entering into any agreements.

Report Generated By

Buddy Blake

Buddy Blake Real Estate

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