409 Gilboa Ct, Wilmington, NC 28412-1141
Estimated Market Value
AI Property Analysis
This stunning 2020-built patio home at 409 Gilboa Ct offers luxurious single-level living in the desirable Wilmington, NC area. Spanning 3,293 square feet, this spacious residence features 3 bedrooms and 3 full bathrooms, perfect for comfortable living.
Step inside to discover a thoughtfully designed interior, boasting modern amenities like central air conditioning, efficient heat pump heating, and a cozy fireplace, ideal for chilly evenings. The home's exterior showcases elegant brick veneer, a durable shingle roof, and a welcoming open porch, perfect for enjoying the beautiful North Carolina weather. With a convenient slab foundation and an attached 753 square foot, two-car garage, this property combines style with practicality.
Located in The Village at Motts Landing, a highly sought-after community, this home provides access to a vibrant lifestyle. For an in-depth look at this exceptional community and available listings, explore the expert real estate guide for The Village at Motts Landing. Situated on a generous 0.25-acre lot, you'll appreciate the balance of privacy and community.
This property was last sold in December 2023 for $875,000, reflecting its quality and prime location. If you're looking to buy or sell in the Wilmington market, leveraging local real estate expertise is crucial. For insights into the current market, you might find the Wilmington NC Real Estate Market Update helpful.
For assistance with your next move, consider connecting with the dedicated team at Buddy Blake Real Estate, known for their deep understanding of the local landscape and commitment to client success. Their proven track record ensures you have the best guidance, as highlighted by stories like M.K.'s experience switching to Buddy Blake mid-listing.
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 1.5% 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 $130,417 equity in the S&P 500, in 10 years it could grow to $338,269 — compared to an estimated $607,673 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 $1,603/month to hold — including $543/month in opportunity cost from equity that could be earning interest elsewhere.
Market Pulse
Slower price growth and extended listing times suggest a more buyer-friendly environment.
Your Neighborhood
<p>This charming property is nestled in the vibrant Federal Point area of Wilmington, NC, a highly sought-after location known for its residential appeal and convenient access to local amenities. Residents enjoy being part of the reputable New Hanover County Schools district, ensuring quality education opportunities. The R-15 residential zoning code reflects the area's commitment to comfortable family living, surrounded by well-maintained homes and a strong sense of community.</p>
Market Trend Predictions
Based on moderate market appreciation projections, your property generates passive wealth each month.
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.
