368 Glenn Ellen Dr, Wilmington, NC 28412-1632
Estimated Market Value
AI Property Analysis
Welcome to 368 Glenn Ellen Drive, a stunning, like-new patio home built in 2022, offering modern comfort and convenience in Wilmington, NC. This spacious single-level residence boasts 2,388 square feet of beautifully designed living space, featuring 4 bedrooms and 3 full bathrooms. You'll appreciate the elegant brick veneer exterior, slab foundation, and a comfortable open porch perfect for enjoying the Carolina weather. Inside, the home is equipped with central air conditioning, an efficient electric heat pump, and a cozy fireplace, ensuring year-round comfort. The attached garage provides ample parking and storage with 506 square feet. Situated on a generous 0.19-acre lot within the highly sought-after Village at Motts Landing community, this home offers the perfect blend of suburban tranquility and easy access to local amenities. For those seeking a similar single-level gem, explore more options with Buddy Blake Real Estate, known for their deep understanding of the Wilmington real estate market. Discover why so many trust Buddy Blake's local expertise when finding their dream home.
Your Capital Gains Tax Savings
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 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
Equity Breakdown
Your Appreciation Story
Your home has appreciated at 3.3% 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 $161,281 equity in the S&P 500, in 10 years it could grow to $418,321 — compared to an estimated $531,094 in total equity by staying in the home.
The Hidden Cost of Holding
* Estimates do not include county, city, or other annual property taxes.
While your home appreciates, it costs approximately $1,493/month to hold — including $672/month in opportunity cost from equity that could be earning interest elsewhere.
Market Pulse
A balanced market with relatively equal supply and demand — neither strongly favoring buyers nor sellers.
Your Neighborhood
<p>Nestled in the desirable Wilmington, NC area, 368 Glenn Ellen Drive is situated within the tranquil Federal Point community, part of New Hanover County. Residents enjoy access to the reputable New Hanover County Schools and the charm of a residential R-15 zoning district. This prime location offers a peaceful suburban setting while maintaining convenient access to Wilmington's amenities. For an in-depth look at the local area and the <a href='https://www.buddyblake.com/homes-for-sale-wilmington-nc/village-at-motts-landing-wilmington-nc-homes-for-sale-expert-real-estate-guide/'>Village at Motts Landing subdivision</a>, consult a local real estate expert.</p>
Market Trend Predictions
Based on moderate market appreciation projections, your property generates passive wealth each month.
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.
