369 Glenn Ellen Dr, Wilmington, NC 28412-1632
Estimated Market Value
AI Property Analysis
Discover the charm of 369 Glenn Ellen Dr, a meticulously crafted patio home completed in 2021, nestled within Wilmington's highly sought-after The Village at Motts Landing. This single-story residence spans 2,495 square feet, offering a comfortable and stylish living experience. With 3 bedrooms and 2.5 bathrooms, it's designed for modern ease. Imagine cozy evenings by the fireplace or relaxing on your open porch, enjoying the mild North Carolina weather. The home boasts central air conditioning, a heat pump for efficient heating, and a convenient 712 sq ft garage, all wrapped in an attractive brick veneer exterior. As local real estate experts, Buddy Blake Real Estate can attest to the quality of living here. When you're ready to navigate the Wilmington real estate market, trust in Buddy Blake's extensive local knowledge to guide your journey.
Capital Gains Tax Analysis
Section 121 Primary Residence Exemption Analysis
Single Filer
Up to $250K Exclusion
Remaining taxable gain: $327,500
Married Filing Jointly
Up to $500K Exclusion
Remaining taxable gain: $77,500
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 28.0% 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 $541,000 equity in the S&P 500, in 10 years it could grow to $1,403,215 — compared to an estimated $944,134 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 $3,149/month. This includes an estimated $2,254/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>Situated in the desirable Federal Point area of Wilmington, NC, this home benefits from a serene setting while remaining convenient to local amenities and the vibrant coastal lifestyle. Federal Point offers a blend of natural beauty and community charm, making it a highly appealing location for homeowners. For more insights into the Wilmington area, visit <a href="https://buddyblake.com">Buddy Blake's website</a>.</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.
