5641 Garrett Lea Park, Wilmington, NC 28412
Estimated Market Value
AI Property Analysis
Discover modern comfort and style at 5641 Garrett Lea Park, a stunning like-new patio home nestled in the desirable Wilmington, NC 28412 area. Built in 2021, this meticulously maintained residence offers 3,214 square feet of single-story living, perfectly blending elegance with convenience.
Step inside to find 4 spacious bedrooms and 3.5 baths, designed for both relaxation and entertaining. The home features central air conditioning, a cozy fireplace, and an inviting open porch, perfect for enjoying the Carolina breeze. With its durable brick veneer exterior and a practical slab foundation, this home is built for lasting appeal. The attached garage provides ample space, adding to the property's incredible value.
Located within the charming community of Glenn Ellen The Village at Motts Landing, residents here enjoy a vibrant lifestyle with access to local amenities and a peaceful setting. If you're looking for an exceptional property in Wilmington, Buddy Blake Real Estate is your go-to resource. Our team, led by Wilmington's expert real estate agent, is dedicated to helping you navigate the market and find your perfect home. From understanding the local market trends, as seen in our Wilmington NC Real Estate Market Update, to providing unparalleled service, we're here for you. For more insights into the area and expert guidance, trust Buddy Blake Real Estate to make your home buying experience seamless and successful.
Your Capital Gains Tax Savings
Section 121 Primary Residence Exemption Analysis
Single Filer
Up to $250K Exclusion
Remaining taxable gain: $360,500
Married Filing Jointly
Up to $500K Exclusion
Remaining taxable gain: $110,500
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 32.5% 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 $569,021 equity in the S&P 500, in 10 years it could grow to $1,475,895 — compared to an estimated $989,500 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 $3,304/month to hold — including $2,371/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>Situated in the welcoming community of Wilmington, NC 28412, 5641 Garrett Lea Parke benefits from its prime location within Federal Point. This area of New Hanover County is known for its serene residential atmosphere while offering convenient access to local amenities, beautiful coastal attractions, and the vibrant life of Wilmington.</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.
