341 Glenn Ellen Dr, Wilmington, NC 28412-1632
Estimated Market Value
AI Property Analysis
Discover unparalleled modern living at 341 Glenn Ellen Dr, a meticulously crafted single-story patio home built in 2021. Spanning 3,084 square feet, this exquisite residence boasts 3 spacious bedrooms and 3.5 luxurious bathrooms, designed for comfort and elegance. The home features an inviting enclosed porch and an additional open porch, perfect for savoring the coastal breeze or entertaining guests. An expansive 520 sq ft garage, central air conditioning, and an efficient heat pump ensure year-round comfort and convenience.
Adorned with an elegant brick veneer exterior and a durable shingle roof, this home embodies quality craftsmanship. It's perfectly situated within the highly desirable Village at Motts Landing community, known for its appealing environment. For further details on this exceptional property or to gain local real estate market expertise, reach out to Buddy Blake Real Estate. This property offers a unique opportunity to experience luxury, comfort, and a prime Wilmington location.
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 5.2% 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 $248,789 equity in the S&P 500, in 10 years it could grow to $645,294 — compared to an estimated $686,035 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 $2,007/month. This includes an estimated $1,037/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
A balanced market with relatively equal supply and demand — neither strongly favoring buyers nor sellers.
Your Neighborhood
<p>Located in the sought-after Federal Point area of Wilmington, NC 28412, this vibrant community offers an exceptional coastal lifestyle. Residents benefit from being part of the highly-regarded New Hanover County Schools district and enjoy a perfect blend of modern conveniences and charming local amenities. For more information on what's happening in the <a href="https://buddyblake.com/wilmington-nc-real-estate-market-update-whats-happening-right-now-in-june-2026/">Wilmington NC real estate market</a>, connect with a local expert.</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.
Stable market — no urgency, but conditions are fair
* These projections are hypothetical illustrations based on historical trends and local market data. Conservative: 2.0%, Moderate: 4.4%, Aggressive: 5.2%. 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.
