5720 King David Ct, Wilmington, NC 28412-1403
Estimated Market Value
AI Property Analysis
This stunning patio home at 5720 King David Ct in Wilmington, NC, offers modern living with classic charm. Built in 2019, this beautifully maintained residence boasts 3,358 square feet of comfortable living space, featuring 4 spacious bedrooms and 3.5 luxurious bathrooms. Imagine cozy evenings by one of two fireplaces or entertaining guests in the bright, open living areas. The home also includes a convenient 2-car garage and an inviting open porch, perfect for enjoying the Carolina weather.
Step inside to discover quality construction with an elegant brick veneer exterior, central air conditioning, and an efficient heat pump system. This single-story gem is thoughtfully designed for ease and enjoyment. With an estimated value around $801,000, this property represents an excellent opportunity in a sought-after Wilmington location.
This exceptional home is nestled within The Village at Motts Landing, a highly desirable community known for its charm and amenities. For an in-depth look at what makes this community so special, explore our expert real estate guide for The Village at Motts Landing. When you're ready to make your move, working with a local real estate expert can make all the difference. Buddy Blake Real Estate offers unparalleled local market expertise in Wilmington, NC, ensuring a smooth and successful transaction. Interested in what's happening in the broader market? Check out our Wilmington NC Real Estate Market Update for the latest trends. With the guidance of Buddy Blake Real Estate, your real estate journey will be in capable hands.
Capital Gains Tax Analysis
Section 121 Primary Residence Exemption Analysis
Single Filer
Up to $250K Exclusion
Remaining taxable gain: $361,500
Married Filing Jointly
Up to $500K Exclusion
Remaining taxable gain: $111,500
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 22.3% per year — well above 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 $575,560 equity in the S&P 500, in 10 years it could grow to $1,492,855 — compared to an estimated $996,565 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 $3,333/month. This includes an estimated $2,398/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
Strong property appreciation and high buyer demand indicate a seller-friendly market with competitive offers.
Your Neighborhood
<p>Located in Wilmington, NC, specifically within the Federal Point area, 5720 King David Ct benefits from a prime position in New Hanover County. This established residential district, zoned R-15, offers a peaceful setting while maintaining convenient access to the wider Wilmington area's amenities and attractions. Residents are served by the highly-regarded New Hanover County Schools.</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.
Strong seller's market — favorable conditions to sell now
* These projections are hypothetical illustrations based on historical trends and local market data. Conservative: 2.0%, Moderate: 3.5%, Aggressive: 8.0%. 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.
