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Street view of 5712 King David Ct, Wilmington, NC 28412

5712 King David Ct, Wilmington, NC 28412

Estimated Market Value

$0
Range: $597,162 - $895,743
ZZillow Zestimate: $768,700
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Valuation Comparison

Our Estimate
$746,453
Range: $597,162 - $895,743
Zillow Zestimate®View on Zillow
$768,700
Range: $768,700 - $768,700
30-Day Trend
-$9,848(1.3%)

Zestimate® is a registered trademark of Zillow, Inc. Valuation models differ based on data availability, proprietary algorithms, and recent market shifts.

3Beds
3Baths
2,766SqFt
2020Built
1Garage

AI Property Analysis

Discover modern living in this exquisite 2020-built patio home at 5712 King David Ct. This stunning residence offers 2,766 square feet of meticulously designed living space, featuring 3 spacious bedrooms and 3 full bathrooms, perfect for comfortable family living. Enjoy cozy evenings by the fireplace or relax on the inviting open porch. The home boasts an elegant brick veneer exterior, a convenient one-story layout, central air conditioning, and an attached 675 sq ft garage. Situated on a generous 0.3-acre lot, this property combines contemporary comfort with ample outdoor space in a highly sought-after Wilmington location.

Your Capital Gains Tax Savings

Section 121 Primary Residence Exemption Analysis

Total Potential Taxable Gain
$6,453
Based on estimated value of $746,453 minus purchase price of $740,000
Not quite eligible yet. You've owned this home for 1.5 years. You need 2 full years of primary residency to qualify for these tax savings.
⚠️ 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:$6,453
Capital Gains Rate:20%
Potential Tax Savings:$1,291

Married Filing Jointly

Up to $500K Exclusion

Protected Amount:$6,453
Capital Gains Rate:20%
Potential Tax Savings:$1,291

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:$81,878

Equity Breakdown

Cost to Build Today$622,350
Investor Quick-Sale Est.$429,957
Monthly Rental Est.$3,732/mo

Your Appreciation Story

Your Annual Return0.6%Compound growth rate
Historical Average3.5%Long-term US average
Above-Average Growth+$0Growth above historical 3.5% baseline

Your home has appreciated at 0.6% 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 $81,878 equity in the S&P 500, in 10 years it could grow to $212,371 — compared to an estimated $474,213 in total equity by staying in the home.


The Hidden Cost of Holding

Insurance (0.4% est)$249/mo
Maintenance (1% est)$622/mo
Opportunity Cost (5% est)$341/mo
Total Monthly Holding Cost$1,212/mo

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

While your home appreciates, it costs approximately $1,212/month to hold — including $341/month in opportunity cost from equity that could be earning interest elsewhere.

Market Pulse

Market Temp
❄️ Cool

Slower price growth and extended listing times suggest a more buyer-friendly environment.

Your Neighborhood

Nestled within the desirable 'Glenn Ellen The Village at Motts Landing' subdivision, this home offers a prime location in Wilmington, NC. Residents benefit from the highly-rated New Hanover County Schools district and easy access to all that Wilmington has to offer. Enjoy the tranquility of a well-planned community while being just a short drive from the city's beautiful beaches, historic downtown, diverse dining, and vibrant cultural attractions. This area provides a desirable blend of suburban comfort and coastal convenience.

Market Trend Predictions

1 Year Forecast$761,658Range: $749K - $773K
3 Year Forecast$793,003Range: $753K - $828K
5 Year Forecast$825,639Range: $757K - $887K

Estimated Monthly Equity Gain
+$1,267/mo

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

❄️Market Outlook & Sell Window

Buyer's market — consider waiting for conditions to improve

* Projections are estimates based on historical trends and local market data, and do not guarantee future performance.

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⚖️ 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

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