5724 King David Ct, Wilmington, NC 28412-1403
Estimated Market Value
AI Property Analysis
Discover modern coastal living at 5724 King David Ct, Wilmington, NC. This exceptional 2020-built patio home offers 3,214 square feet of meticulously designed single-story living space, perfect for those seeking comfort and style. With 3 spacious bedrooms and 3.5 luxurious bathrooms, every detail contributes to a serene lifestyle. Enjoy year-round comfort with central air conditioning and an efficient heat pump system. The elegant brick veneer exterior, cozy fireplace, and inviting open porch add to its charm and curb appeal. Nestled within the sought-after Glenn Ellen subdivision, part of the broader The Village at Motts Landing community, residents benefit from a tranquil environment and convenient location. A generous 745 sq ft garage provides ample parking and storage. Whether you're seeking a peaceful retreat or a vibrant base for exploring Wilmington, this home delivers. For a deeper understanding of this property and the dynamic local market, trust the insights of Wilmington's expert real estate agents at Buddy Blake Real Estate. Our team offers unparalleled local real estate expertise to guide your next move.
Capital Gains Tax Analysis
Section 121 Primary Residence Exemption Analysis
Single Filer
Up to $250K Exclusion
Remaining taxable gain: $350,500
Married Filing Jointly
Up to $500K Exclusion
Remaining taxable gain: $100,500
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 27.1% 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 $562,320 equity in the S&P 500, in 10 years it could grow to $1,458,512 — compared to an estimated $977,543 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 $3,265/month. This includes an estimated $2,343/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>Located in Wilmington, NC's desirable Federal Point area, residents of King David Ct enjoy a prime coastal position. This tranquil setting offers easy access to Wilmington's vibrant amenities, beautiful beaches, and dynamic lifestyle, making it an ideal place to call home. For more information on the local area and current market trends, visit <a href="https://buddyblake.com">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.
