376 Glenn Ellen Dr, Wilmington, NC 28412-1632
Estimated Market Value
AI Property Analysis
Discover the charm of 376 Glenn Ellen Dr, a meticulously maintained patio home nestled within the highly sought-after The Village at Motts Landing community in Wilmington, NC. Built in 2021, this nearly-new residence offers 2,257 square feet of comfortable single-story living, perfect for those seeking modern amenities and a relaxed lifestyle. Step inside to find 3 spacious bedrooms and 2 full bathrooms, designed with contemporary finishes and an inviting atmosphere. Enjoy cozy evenings by the fireplace or relax on your open porch, taking in the serene surroundings. The home boasts central air conditioning, an efficient electric heat pump, and a convenient one-car garage, providing both comfort and practicality. With its attractive brick exterior and a generous 0.24-acre lot, this property combines elegance with easy maintenance. For expert guidance on finding your dream home in Wilmington, trust the local real estate knowledge provided by Buddy Blake Real Estate, your go-to source for Wilmington NC real estate insights.
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 0.5% 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 $70,474 equity in the S&P 500, in 10 years it could grow to $182,792 — compared to an estimated $446,002 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 $1,127/month to hold — including $294/month in opportunity cost from equity that could be earning interest elsewhere.
Market Pulse
Slower price growth and extended listing times suggest a more buyer-friendly environment.
Your Neighborhood
<p>Nestled in the vibrant city of Wilmington, NC, this property is situated in <a href="https://www.buddyblake.com/homes-for-sale-wilmington-nc/village-at-motts-landing-wilmington-nc-homes-for-sale-expert-real-estate-guide/">The Village at Motts Landing</a>, a desirable residential district within New Hanover County. Residents benefit from being part of the New Hanover County Schools district and enjoy the conveniences of living in a well-established Wilmington community.</p>
Market Trend Predictions
Based on moderate market appreciation projections, your property generates passive wealth each month.
Buyer's market — consider waiting for conditions to improve
* Projections are estimates based on historical trends and local market data, and do not guarantee future performance.
