409 Glenn Ellen Dr, Wilmington, NC 28412-1637
Estimated Market Value
AI Property Analysis
Discover unparalleled comfort and modern living at 409 Glenn Ellen Dr, a stunning patio home built in 2021 located in Wilmington, NC. This exquisite single-story residence boasts 2,825 square feet of living space, featuring 3 spacious bedrooms and 3 full bathrooms, perfect for contemporary lifestyles.
Step inside to an inviting atmosphere, highlighted by an open floor plan and high-quality finishes. The home is equipped with central air conditioning, an efficient electric heat pump system, and a cozy fireplace, ensuring comfort year-round. Outside, you'll appreciate the durable brick veneer exterior, the convenient attached garage with 840 square feet, and a charming open porch – ideal for enjoying the Carolina weather.
Situated on a generous 0.34-acre lot within The Village at Motts Landing, this property offers a fantastic opportunity for those seeking a newer home in a sought-after community. With an estimated value of nearly $800,000, this residence represents an exceptional investment.
For expert guidance on properties like this in the area or to understand the current Wilmington NC Real Estate Market Update, reach out to the dedicated professionals at Buddy Blake Real Estate. Their local knowledge makes them an invaluable resource for finding your 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 2.6% 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 $150,587 equity in the S&P 500, in 10 years it could grow to $390,585 — compared to an estimated $567,407 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 $1,553/month to hold — including $627/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 beautiful Wilmington, NC, this home is situated within the desirable Village at Motts Landing, a community known for its charm and quality living. Residents enjoy convenient access to local amenities and the vibrant coastal lifestyle that Wilmington offers. To learn more about this area and other Wilmington communities, connect with a <a href="https://buddyblake.com">trusted local real estate advisor</a>.</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.
