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.
Your Capital Gains Tax Savings
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 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 28.7% 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.
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.
The Hidden Cost of Holding
* Estimates do not include county, city, or other annual property taxes.
While your home appreciates, it costs approximately $3,149/month to hold — including $2,254/month in opportunity cost from equity that could be earning interest elsewhere.
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 Predictions
Based on moderate market appreciation projections, your property generates passive wealth each month.
Strong seller's market — favorable conditions to sell now
* Projections are estimates based on historical trends and local market data, and do not guarantee future performance.
