Zestimate® is a registered trademark of Zillow, Inc. Valuation models differ based on data availability, proprietary algorithms, and recent market shifts.
3Beds
1Baths
1,223SqFt
1930Built
AI Property Analysis
This charming single-family home, located at 1920 Wrightsville Ave in Wilmington, NC, offers 1223 square feet of comfortable living space, all efficiently laid out on one story. Built in 1930, this residence presents a classic brick veneer exterior, hinting at its enduring character. Inside, the home features three well-proportioned bedrooms and one full bathroom, providing a functional layout suitable for various lifestyles. Modern comforts such as central air conditioning, a heat pump, and a cozy fireplace ensure a comfortable living environment year-round.
The property sits on a practical 0.13-acre lot, encompassing approximately 5663 square feet, designed for enjoyable outdoor living. It boasts both an enclosed porch and an open porch, offering versatile spaces for relaxation, entertaining, or simply appreciating the Wilmington climate. A dedicated utility building provides additional storage or potential for a workshop. Positioned within an R-5 residential zoning district, the property maintains its single-family residential charm within an established neighborhood.
Having been last acquired in September 2022, this home represents a well-maintained piece of local history, ready for its next chapter. While its 1930 build year offers a glimpse into Wilmington's past, its good condition and desirable features mean it's ready for immediate occupancy. For those looking to personalize their space, the robust existing structure and lot offer an excellent foundation for future updates, allowing new owners to infuse their own style while enjoying a prime location.
Your Capital Gains Tax Savings
Section 121 Primary Residence Exemption Analysis
Total Potential Taxable Gain
$51,603
Based on estimated value of $453,103 minus purchase price of $401,500
✅ You likely qualify! You've owned this home for 3.8 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:$51,603
Capital Gains Rate:20%
Potential Tax Savings:$10,321
Married Filing Jointly
Up to $500K Exclusion
Protected Amount:$51,603
Capital Gains Rate:20%
Potential Tax Savings:$10,321
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.
Your home has appreciated at 3.2% 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 $98,855 equity in the S&P 500, in 10 years it could grow to $256,404 — compared to an estimated $337,005 in total equity by staying in the home.
The Hidden Cost of Holding
Insurance (0.4% est)$151/mo
Maintenance (1% est)$378/mo
Opportunity Cost (5% est)$412/mo
Total Monthly Holding Cost$941/mo
* Estimates do not include county, city, or other annual property taxes.
While your home appreciates, it costs approximately $941/month to hold — including $412/month in opportunity cost from equity that could be earning interest elsewhere.
Market Pulse
Market Temp
⚖️ Moderate
A balanced market with relatively equal supply and demand — neither strongly favoring buyers nor sellers.
Your Neighborhood
Nestled in vibrant Wilmington, living here means embracing the quintessential coastal North Carolina lifestyle, with easy access to pristine beaches, a bustling historic downtown riverfront, and a fantastic culinary scene. Families will appreciate being part of the highly-regarded New Hanover County Schools district, and the local community exudes a friendly, established vibe that truly feels welcoming. In today's dynamic market, homeowners in this desirable Wilmington pocket are experiencing robust demand and consistent equity growth, making it an opportune time to both settle down and invest in this wonderful area.
Market Trend Predictions
1 Year Forecast$468,361Range: $460K - $469K
3 Year Forecast$500,436Range: $475K - $502K
5 Year Forecast$534,707Range: $491K - $538K
Estimated Monthly Equity Gain
+$1,272/mo
Based on moderate market appreciation projections, your property generates passive wealth each month.
⚖️Market Outlook & Sell Window
Stable market — no urgency, but conditions are fair
* 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.