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Street view of 62 E Huckleberry Way, Rocky Point, NC 28457-4600

62 E Huckleberry Way, Rocky Point, NC 28457-4600

Estimated Market Value

$0
Range: $340,598 - $376,451
3Beds
2Baths
1,588SqFt
2016Built

AI Property Analysis

Discover modern comfort in this charming 2016-built home at 62 E Huckleberry Way. This inviting 1,588 sq ft single-story residence boasts 3 bedrooms and 2 bathrooms, ideal for relaxed living. Enjoy the warmth of a fireplace and year-round climate control with central air conditioning and a heat pump. Situated on a generous 0.36-acre lot with durable vinyl siding, this property offers a perfect blend of style, space, and low-maintenance living.

Your Capital Gains Tax Savings

Section 121 Primary Residence Exemption Analysis

Total Potential Taxable Gain
$9,025
Based on estimated value of $358,525 minus purchase price of $349,500
✅ You likely qualify! You've owned this home for 3.6 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:$9,025
Capital Gains Rate:20%
Potential Tax Savings:$1,805

Married Filing Jointly

Up to $500K Exclusion

Protected Amount:$9,025
Capital Gains Rate:20%
Potential Tax Savings:$1,805

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:$53,480

Equity Breakdown

Cost to Build Today$357,300
Investor Quick-Sale Est.$245,231
Monthly Rental Est.$2,330/mo

Your Appreciation Story

Your Annual Return0.7%Compound growth rate
Historical Average3.5%Long-term US average
Above-Average Growth+$0Growth above historical 3.5% baseline

Your home has appreciated at 0.7% 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 $53,480 equity in the S&P 500, in 10 years it could grow to $138,713 — compared to an estimated $241,920 in total equity by staying in the home.


The Hidden Cost of Holding

Insurance (0.4% est)$120/mo
Maintenance (1% est)$299/mo
Opportunity Cost (5% est)$223/mo
Total Monthly Holding Cost$641/mo

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

While your home appreciates, it costs approximately $641/month to hold — including $223/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 the tranquil community of Rocky Point, NC, this home is situated within The Reserve on Island Creek Phase I subdivision, offering a peaceful residential setting. Rocky Point is part of the broader Wilmington metropolitan area, providing residents with a blend of suburban calm and convenient access to city amenities. The area is served by Pender County Schools and features a 'Residential Performance' zoning, ensuring a consistent and pleasant living environment.

Market Trend Predictions

1 Year Forecast$366,077Range: $360K - $371K
3 Year Forecast$381,661Range: $362K - $398K
5 Year Forecast$397,909Range: $365K - $426K

Estimated Monthly Equity Gain
+$629/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.
Buddy Blake

Report Generated By

Buddy Blake

Buddy Blake Real Estate

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