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Street view of 413 Gilboa Ct, Wilmington, NC 28412-1141

413 Gilboa Ct, Wilmington, NC 28412-1141

Estimated Market Value

$0
Range: $686,000 - $774,000
4Beds
3.5Baths
3,462SqFt
2023Built

AI Property Analysis

This stunning, like-new patio home at 413 Gilboa Ct in Wilmington, NC, offers an exceptional living experience. Built in 2023, this spacious 3,462 sq ft single-story residence boasts 4 bedrooms and 3.5 bathrooms, perfect for comfortable family living or entertaining. Enjoy modern amenities including central air conditioning, an inviting fireplace, and a delightful sunroom. The home also features a convenient garage and a charming open porch, all set on a generous 0.46-acre lot with elegant brick veneer siding.

Located within the highly sought-after Village at Motts Landing community, residents here enjoy a vibrant atmosphere and access to fantastic amenities.

When it comes to navigating the Wilmington real estate market, having a trusted expert like Buddy Blake's local expertise by your side makes all the difference. Buddy Blake Real Estate is dedicated to providing unparalleled service, leveraging extensive knowledge to help clients achieve their property goals. For insights into the dynamic local market, explore the latest Wilmington NC Real Estate Market Update. To learn more about how Buddy Blake Real Estate can assist you, visit their website.

Your Capital Gains Tax Savings

Section 121 Primary Residence Exemption Analysis

Total Potential Taxable Gain
$509,500
Based on estimated value of $729,000 minus purchase price of $219,500
✅ You likely qualify! You've owned this home for 3.9 years (minimum 2 years required).
⚠️ 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:$250,000
Capital Gains Rate:20%
Potential Tax Savings:$50,000

Remaining taxable gain: $259,500

Married Filing Jointly

Up to $500K Exclusion

Protected Amount:$500,000
Capital Gains Rate:20%
Potential Tax Savings:$100,000

Remaining taxable gain: $9,500

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

Estimated Cash in Hand:$480,494

Equity Breakdown

Cost to Build Today$778,950
Investor Quick-Sale Est.$493,920
Monthly Rental Est.$3,645/mo

Your Appreciation Story

Your Annual Return35.6%Compound growth rate
Historical Average3.5%Long-term US average
Above-Average Growth+$477,662Growth above historical 3.5% baseline

Your home has appreciated at 35.6% 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 $480,494 equity in the S&P 500, in 10 years it could grow to $1,246,278 — compared to an estimated $863,656 in total equity by staying in the home.


The Hidden Cost of Holding

Insurance (0.4% est)$243/mo
Maintenance (1% est)$608/mo
Opportunity Cost (5% est)$2,002/mo
Total Monthly Holding Cost$2,853/mo

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

While your home appreciates, it costs approximately $2,853/month to hold — including $2,002/month in opportunity cost from equity that could be earning interest elsewhere.

Market Pulse

Market Temp
🔥 Hot

Strong property appreciation and high buyer demand indicate a seller-friendly market with competitive offers.

Your Neighborhood

<p>Nestled in the charming area of Federal Point, NC, this property benefits from a desirable location within Wilmington's expansive community. Federal Point is known for its residential appeal and convenient access to local amenities and the broader Wilmington area. Explore more about the <a href="https://www.buddyblake.com/us/nc/new-hanover/federal-point" target="_blank">Federal Point community</a> here.</p>

Market Trend Predictions

1 Year Forecast$754,515Range: $744K - $787K
3 Year Forecast$808,255Range: $774K - $918K
5 Year Forecast$865,823Range: $805K - $1.1M

Estimated Monthly Equity Gain
+$2,126/mo

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

🔥Market Outlook & Sell Window

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.

⚖️ 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

Report Generated By

Buddy Blake

Buddy Blake Real Estate