409 Gilboa Ct, Wilmington, NC 28412-1141
Estimated Market Value
AI Property Analysis
This stunning 2020-built patio home at 409 Gilboa Ct offers luxurious single-level living in the desirable Wilmington, NC area. Spanning 3,293 square feet, this spacious residence features 3 bedrooms and 3 full bathrooms, perfect for comfortable living.
Step inside to discover a thoughtfully designed interior, boasting modern amenities like central air conditioning, efficient heat pump heating, and a cozy fireplace, ideal for chilly evenings. The home's exterior showcases elegant brick veneer, a durable shingle roof, and a welcoming open porch, perfect for enjoying the beautiful North Carolina weather. With a convenient slab foundation and an attached 753 square foot, two-car garage, this property combines style with practicality.
Located in The Village at Motts Landing, a highly sought-after community, this home provides access to a vibrant lifestyle. For an in-depth look at this exceptional community and available listings, explore the expert real estate guide for The Village at Motts Landing. Situated on a generous 0.25-acre lot, you'll appreciate the balance of privacy and community.
This property was last sold in December 2023 for $875,000, reflecting its quality and prime location. If you're looking to buy or sell in the Wilmington market, leveraging local real estate expertise is crucial. For insights into the current market, you might find the Wilmington NC Real Estate Market Update helpful.
For assistance with your next move, consider connecting with the dedicated team at Buddy Blake Real Estate, known for their deep understanding of the local landscape and commitment to client success. Their proven track record ensures you have the best guidance, as highlighted by stories like M.K.'s experience switching to Buddy Blake mid-listing.
Capital Gains Tax Analysis
Section 121 Primary Residence Exemption Analysis
Single Filer
Up to $250K Exclusion
Married Filing Jointly
Up to $500K Exclusion
Tax Liability Comparison
* This analysis is a simplified illustration based on an assumed 20% federal capital gains tax rate. It does not account for state taxes, depreciation recapture, the Net Investment Income Tax (3.8%), AMT, or individual circumstances. The Section 121 exclusion has specific IRS requirements regarding ownership, use, and timing that cannot be determined from public property records alone. This platform is not acting as a tax adviser, accountant, or attorney. Consult a licensed CPA or tax attorney to evaluate your specific situation. Calculation date: August 2026.
Financial Projections
Estimated Net Proceeds
These projections assume a 5.5% total sales commission, approximately 6% in closing costs and concessions, and mortgage payoff estimated from public purchase records (30-year fixed, 20% down payment, 5% assumed interest rate). Actual proceeds will vary based on negotiated terms, local costs, and current mortgage balance. This is not an appraisal or guaranteed estimate of net proceeds.
Equity Breakdown
Your Appreciation Story
Your home has appreciated at 1.4% 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. Past performance does not guarantee future results.
What Could Your Equity Do?
If you sold today and invested your $130,417 equity in the S&P 500, in 10 years it could grow to $338,269 — compared to an estimated $607,673 in total equity by staying in the home. These projections are hypothetical. Investment returns are not guaranteed and involve risk of loss.
The Hidden Cost of Holding
* Estimates do not include property taxes (county, city, school, or special district). Actual costs vary significantly by location and individual circumstances. This platform is not acting as a financial or investment adviser.
The estimated monthly cost of holding this property is approximately $1,603/month. This includes an estimated $543/month in opportunity cost — the hypothetical return that equity could earn if invested elsewhere. These figures are estimates and actual costs will vary.
Market Pulse
Slower price growth and extended listing times suggest a more buyer-friendly environment.
Your Neighborhood
<p>This charming property is nestled in the vibrant Federal Point area of Wilmington, NC, a highly sought-after location known for its residential appeal and convenient access to local amenities. Residents enjoy being part of the reputable New Hanover County Schools district, ensuring quality education opportunities. The R-15 residential zoning code reflects the area's commitment to comfortable family living, surrounded by well-maintained homes and a strong sense of community.</p>
Market Trend Projections
Based on moderate market appreciation projections, this property's estimated equity may increase by approximately this amount each month. Actual appreciation varies and is not guaranteed.
Buyer's market — consider waiting for conditions to improve
* These projections are hypothetical illustrations based on historical trends and local market data. Conservative: 0.7%, Moderate: 2.5%, Aggressive: 3.5%. Actual results will vary. Past performance does not guarantee future results. This platform is not acting as an appraiser or investment adviser. Projection date: August 2026.
