5637 Garrett Lea Park, Wilmington, NC 28412
Estimated Market Value
AI Property Analysis
Welcome to 5637 Garrett Lea Parke, a stunning patio home nestled in the highly sought-after The Village at Motts Landing community in beautiful Wilmington, NC. Built in 2021, this nearly new residence offers a luxurious and comfortable lifestyle across its generous 3,987 square feet. Boasting 4 spacious bedrooms and 3 full bathrooms, this single-story brick veneer home is designed for effortless living and entertaining. Imagine cozy evenings by one of two fireplaces or enjoying the coastal breeze from your choice of an enclosed or open porch. The attached 2-car garage provides ample space for vehicles and storage. With its quality construction and thoughtful features like central air conditioning and a heat pump, this home ensures year-round comfort. For those seeking a deeper understanding of the local market trends, a comprehensive Wilmington NC Real Estate Market Update can provide valuable insights. Discover this exceptional property and experience the best of Wilmington living. When you're ready to explore this home or others like it, the local real estate expertise of Buddy Blake Real Estate is ready to guide you to your dream home.
Your Capital Gains Tax Savings
Section 121 Primary Residence Exemption Analysis
Single Filer
Up to $250K Exclusion
Remaining taxable gain: $419,000
Married Filing Jointly
Up to $500K Exclusion
Remaining taxable gain: $169,000
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 34.2% 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 $617,794 equity in the S&P 500, in 10 years it could grow to $1,602,400 — compared to an estimated $1,055,093 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 $3,545/month to hold — including $2,574/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>Located in the vibrant Wilmington, NC area, 5637 Garrett Lea Parke is situated within the desirable New Hanover County, offering residents access to excellent schools and a dynamic coastal lifestyle. Specifically, this home is part of The Village at Motts Landing, a well-regarded community known for its tranquil atmosphere and convenient proximity to local amenities and attractions in the Federal Point area.</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.
