345 Glenn Ellen Dr, Wilmington, NC 28412-1632
Estimated Market Value
AI Property Analysis
Discover the charm of single-level living at 345 Glenn Ellen Dr, a meticulously crafted patio home built in 2019 within Wilmington, NC. This inviting residence boasts 2785 square feet of living space, featuring 3 bedrooms and 3 full bathrooms, perfect for comfortable family living or graceful entertaining. Step inside to find a thoughtfully designed interior complemented by modern amenities like central air conditioning, an efficient heat pump, and a cozy fireplace for cooler evenings. The home's elegant brick veneer exterior and inviting open porch enhance its curb appeal, while the attached garage provides convenience. Situated on a generous 0.248-acre lot, this property offers a balance of indoor comfort and outdoor enjoyment. For those interested in this vibrant community, learn more about the exceptional homes for sale in The Village at Motts Landing. With extensive knowledge of the Wilmington market, Buddy Blake Real Estate is your go-to expert, offering unparalleled local real estate expertise.
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 6.7% 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 $290,492 equity in the S&P 500, in 10 years it could grow to $753,461 — compared to an estimated $724,792 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 $2,174/month to hold — including $1,210/month in opportunity cost from equity that could be earning interest elsewhere.
Market Pulse
Steady appreciation and consistent buyer interest suggest a balanced market favoring sellers.
Your Neighborhood
<p>This charming patio home is located in the desirable Federal Point area of Wilmington, NC, within the established Village at Motts Landing community. Residents benefit from the reputable New Hanover County Schools and enjoy the serene suburban atmosphere, making it an ideal setting for those seeking a tranquil yet connected lifestyle. For more insights into the local Wilmington real estate market, visit the <a href="https://buddyblake.com">Buddy Blake Real Estate blog</a>.</p>
Market Trend Predictions
Based on moderate market appreciation projections, your property generates passive wealth each month.
Good conditions — consider listing in the next 6-12 months
* Projections are estimates based on historical trends and local market data, and do not guarantee future performance.
