5613 Garrett Lea Park, Wilmington, NC 28412
Estimated Market Value
AI Property Analysis
Discover modern comfort and style at 5613 Garrett Lea Parke, a stunning patio home built in 2022, located in the charming Glenn Ellen section of Wilmington, NC. This exquisite single-story residence boasts 3 bedrooms, 2.5 bathrooms, and a generous 3,255 square feet of meticulously designed living space, perfect for both relaxing and entertaining.
Step inside to find a welcoming atmosphere, featuring sought-after amenities like central air conditioning, a cozy fireplace, and an expansive sunroom – ideal for enjoying the Carolina sunshine year-round. The home's brick veneer exterior, slab foundation, and shingle roof combine durability with classic appeal. Outside, an open porch provides a lovely spot for morning coffee, and the 758 square foot garage offers ample space for parking and storage.
As a local real estate expert, Buddy Blake understands the nuances of the Wilmington NC real estate market. This property represents a fantastic opportunity for those seeking a modern, low-maintenance lifestyle in a prime location. The home is nestled within The Village at Motts Landing, a community known for its inviting atmosphere and convenient access to local attractions. For more insights into the current market, check out the Wilmington NC Real Estate Market Update. Contact Buddy Blake Real Estate today to learn more about this exceptional offering!
Your Capital Gains Tax Savings
Section 121 Primary Residence Exemption Analysis
Single Filer
Up to $250K Exclusion
Remaining taxable gain: $315,500
Married Filing Jointly
Up to $500K Exclusion
Remaining taxable gain: $65,500
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 33.9% 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 $529,251 equity in the S&P 500, in 10 years it could grow to $1,372,741 — compared to an estimated $931,334 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 $3,098/month to hold — including $2,205/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>Nestled in the desirable Wilmington, NC area, 5613 Garrett Lea Parke is situated within the inviting community of Glenn Ellen, part of the larger <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>. This area falls under the highly-regarded New Hanover County Schools district, offering residents a convenient location with access to local amenities and the vibrant Wilmington lifestyle.</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.
