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Street view of 6602 Motts Village Rd, Wilmington, NC 28412-3613

6602 Motts Village Rd, Wilmington, NC 28412-3613

Estimated Market Value

$0
Range: $467,021 - $700,532
3Beds
3Baths
2,153SqFt
2009Built
1Garage

AI Property Analysis

Step into comfortable, single-story living at 6602 Motts Village Rd, a charming patio home located in desirable Wilmington, NC. Built in 2009, this inviting residence boasts 2,153 square feet of thoughtfully designed space, featuring 3 bedrooms and 3 full bathrooms. Enjoy modern conveniences like central air conditioning, a cozy fireplace, and an attached garage. The classic brick veneer exterior and welcoming open porch enhance its curb appeal, making it a perfect spot for relaxation. Situated on a generous 0.25-acre lot within the established Bellamy Parke at Village at Motts Landing community, this home offers a blend of tranquility and convenience.

Considering a move to the Wilmington area? For expert guidance on local properties and market insights, trust Buddy Blake Real Estate, a team known for their deep local real estate expertise. Curious about current trends? Explore the latest Wilmington NC Real Estate Market Update to make informed decisions. This property at 6602 Motts Village Rd presents a wonderful opportunity to own a well-maintained home in a fantastic location.

Your Capital Gains Tax Savings

Section 121 Primary Residence Exemption Analysis

Total Potential Taxable Gain
$214,777
Based on estimated value of $583,777 minus purchase price of $369,000
✅ You likely qualify! You've owned this home for 5.8 years (minimum 2 years required).
⚠️ This tax benefit may not last forever. The Section 121 exclusion is frequently debated in Congress. Knowing your equity options now is crucial for long-term wealth planning.

Single Filer

Up to $250K Exclusion

Protected Amount:$214,777
Capital Gains Rate:20%
Potential Tax Savings:$42,955

Married Filing Jointly

Up to $500K Exclusion

Protected Amount:$214,777
Capital Gains Rate:20%
Potential Tax Savings:$42,955

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

Estimated Cash in Hand:$250,203

Equity Breakdown

Cost to Build Today$484,425
Investor Quick-Sale Est.$336,255
Monthly Rental Est.$2,919/mo

Your Appreciation Story

Your Annual Return8.2%Compound growth rate
Historical Average3.5%Long-term US average
Above-Average Growth+$132,629Growth above historical 3.5% baseline

Your home has appreciated at 8.2% 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 $250,203 equity in the S&P 500, in 10 years it could grow to $648,961 — compared to an estimated $557,035 in total equity by staying in the home.


The Hidden Cost of Holding

Insurance (0.4% est)$195/mo
Maintenance (1% est)$486/mo
Opportunity Cost (5% est)$1,043/mo
Total Monthly Holding Cost$1,724/mo

* Estimates do not include county, city, or other annual property taxes.

While your home appreciates, it costs approximately $1,724/month to hold — including $1,043/month in opportunity cost from equity that could be earning interest elsewhere.

Market Pulse

Market Temp
🔥 Hot

Strong property appreciation and high buyer demand indicate a seller-friendly market with competitive offers.

Your Neighborhood

<p>Nestled in the charming city of Wilmington, NC, this home is part of the welcoming Bellamy Parke at Village at Motts Landing subdivision. This area, falling within the New Hanover County Schools district, offers residents a desirable blend of suburban tranquility and convenient access to Wilmington's vibrant coastal lifestyle and amenities.</p>

Market Trend Predictions

1 Year Forecast$617,833Range: $595K - $630K
3 Year Forecast$692,022Range: $620K - $735K
5 Year Forecast$775,120Range: $645K - $858K

Estimated Monthly Equity Gain
+$2,838/mo

Based on moderate market appreciation projections, your property generates passive wealth each month.

🔥Market Outlook & Sell Window

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.

⚖️ This analysis is for informational purposes only and does not constitute professional advice. Always consult with a licensed local real estate agent, appraiser, attorney, and/or accountant before making any real estate decisions or entering into any agreements.
Buddy Blake

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Buddy Blake

Buddy Blake Real Estate