5713 King David Ct, Wilmington, NC 28412-1403
Estimated Market Value
AI Property Analysis
Discover sophisticated coastal living at 5713 King David Ct, a stunning patio home built in 2020 within the desirable Wilmington, NC community of The Village at Motts Landing. This meticulously maintained residence offers 2901 square feet of single-story luxury, designed for comfort and modern convenience.
Step inside to find an inviting atmosphere complemented by a cozy fireplace and a bright sunroom, perfect for year-round enjoyment. The home boasts a durable brick veneer exterior and a spacious 808 square foot garage, providing ample storage and parking. With central air conditioning and an efficient heat pump system, your comfort is assured in every season.
Featuring 3 spacious bedrooms and 3 full bathrooms, this home is thoughtfully laid out to maximize space and privacy. As a patio home, it offers the perfect blend of a freestanding residence with manageable upkeep, allowing you more time to enjoy the vibrant Wilmington lifestyle.
Nestled within the acclaimed The Village at Motts Landing community, this home provides access to a sought-after Wilmington address. For those looking to navigate the local market, understanding the current trends is key; find out what's happening with a recent Wilmington NC Real Estate Market Update. To truly understand this area and its offerings, trust the expertise of local Wilmington real estate agents like those at Buddy Blake Real Estate, who possess unparalleled insight into coastal North Carolina properties.
Capital Gains Tax Analysis
Section 121 Primary Residence Exemption Analysis
Single Filer
Up to $250K Exclusion
Remaining taxable gain: $268,500
Married Filing Jointly
Up to $500K Exclusion
Remaining taxable gain: $18,500
Tax Liability Comparison
* This analysis is a simplified illustration based on an assumed 20% federal capital gains tax rate. It does not account for state taxes, depreciation recapture, the Net Investment Income Tax (3.8%), AMT, or individual circumstances. The Section 121 exclusion has specific IRS requirements regarding ownership, use, and timing that cannot be determined from public property records alone. This platform is not acting as a tax adviser, accountant, or attorney. Consult a licensed CPA or tax attorney to evaluate your specific situation. Calculation date: August 2026.
Financial Projections
Estimated Net Proceeds
These projections assume a 5.5% total sales commission, approximately 6% in closing costs and concessions, and mortgage payoff estimated from public purchase records (30-year fixed, 20% down payment, 5% assumed interest rate). Actual proceeds will vary based on negotiated terms, local costs, and current mortgage balance. This is not an appraisal or guaranteed estimate of net proceeds.
Equity Breakdown
Your Appreciation Story
Your home has appreciated at 21.8% 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. Past performance does not guarantee future results.
What Could Your Equity Do?
If you sold today and invested your $491,728 equity in the S&P 500, in 10 years it could grow to $1,275,416 — compared to an estimated $863,852 in total equity by staying in the home. These projections are hypothetical. Investment returns are not guaranteed and involve risk of loss.
The Hidden Cost of Holding
* Estimates do not include property taxes (county, city, school, or special district). Actual costs vary significantly by location and individual circumstances. This platform is not acting as a financial or investment adviser.
The estimated monthly cost of holding this property is approximately $2,875/month. This includes an estimated $2,049/month in opportunity cost — the hypothetical return that equity could earn if invested elsewhere. These figures are estimates and actual costs will vary.
Market Pulse
Strong property appreciation and high buyer demand indicate a seller-friendly market with competitive offers.
Your Neighborhood
<p>Situated in the highly desirable 28412 zip code of Wilmington, NC, this home is part of the charming Federal Point area within New Hanover County. Residents benefit from the excellent New Hanover County Schools district and proximity to the amenities and coastal attractions that make Wilmington a premier place to live. To gain deeper insights into what makes Wilmington real estate so special, explore the <a href="https://buddyblake.com">local market knowledge offered by Buddy Blake Real Estate</a>.</p>
Market Trend Projections
Based on moderate market appreciation projections, this property's estimated equity may increase by approximately this amount each month. Actual appreciation varies and is not guaranteed.
Strong seller's market — favorable conditions to sell now
* These projections are hypothetical illustrations based on historical trends and local market data. Conservative: 2.0%, Moderate: 3.5%, Aggressive: 8.0%. Actual results will vary. Past performance does not guarantee future results. This platform is not acting as an appraiser or investment adviser. Projection date: August 2026.
