5633 Garrett Lea Park, Wilmington, NC 28412
Estimated Market Value
AI Property Analysis
Welcome to a truly exceptional single-story patio home at 5633 Garrett Lea Park in beautiful Wilmington, NC! Built in 2021, this meticulously designed residence offers a generous 3,214 square feet of comfortable living space. Boasting four spacious bedrooms and three and a half bathrooms, it provides ample room for relaxation and entertaining.
Step inside to discover a home where modern amenities meet classic charm. Enjoy the convenience of central air conditioning and a cozy fireplace, perfect for those cooler evenings. The home features an elegant brick veneer exterior, a reliable shingle roof, and a sturdy slab foundation. With a two-car garage spanning 745 square feet, you'll have plenty of space for vehicles and storage. One of its standout features is an inviting enclosed porch, offering a perfect spot to unwind and enjoy the serene surroundings.
Nestled within the desirable Glenn Ellen community, part of the larger Village at Motts Landing, this property combines luxury living with a vibrant community atmosphere. Whether you're seeking a tranquil retreat or a hub for social activities, this location offers it all. When it comes to finding your dream home in the Wilmington area, trust the expertise of Buddy Blake Real Estate. Their team of local specialists, like Buddy Blake himself, has an unparalleled understanding of the market. This home represents a fantastic opportunity for those seeking quality craftsmanship and a prime location.
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 3.3% 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 $195,608 equity in the S&P 500, in 10 years it could grow to $507,358 — compared to an estimated $645,419 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 $1,813/month to hold — including $815/month in opportunity cost from equity that could be earning interest elsewhere.
Market Pulse
A balanced market with relatively equal supply and demand — neither strongly favoring buyers nor sellers.
Your Neighborhood
<p>5633 Garrett Lea Parke is situated within the charming Glenn Ellen community, a sought-after part of the <a href="https://www.buddyblake.com/homes-for-sale-wilmington-nc/village-at-motts-landing-wilmington-nc-homes-for-sale-expert-real-estate-guide/">Village at Motts Landing</a> in Wilmington, NC. This area, located in Federal Point, NC, is zoned R-15 (Residential District) and is served by the highly-regarded New Hanover County Schools. It offers a wonderful blend of suburban tranquility and convenient access to Wilmington's amenities.</p>
Market Trend Predictions
Based on moderate market appreciation projections, your property generates passive wealth each month.
Stable market — no urgency, but conditions are fair
* Projections are estimates based on historical trends and local market data, and do not guarantee future performance.
