348 Glenn Ellen Dr, Wilmington, NC 28412-1632
Estimated Market Value
AI Property Analysis
Welcome to 348 Glenn Ellen Drive, a stunning single-level patio home nestled within the highly sought-after Village at Motts Landing in Wilmington, NC. Built in 2020, this meticulously maintained residence offers nearly 4,000 square feet of sophisticated living space, featuring 3 spacious bedrooms and 3.5 luxurious bathrooms. As you step inside, you'll immediately appreciate the thoughtful design, from the inviting fireplace perfect for cozy evenings to the bright and airy sunroom, offering a tranquil space to relax. The home boasts central air conditioning and efficient heat pump heating, ensuring year-round comfort.
The exterior impresses with elegant brick veneer, and an open porch provides a lovely spot for morning coffee or evening unwinding. With a generous 963 square foot garage, there's ample space for vehicles and storage. This exceptional property on a nearly half-acre lot combines modern amenities with a desirable location, making it an ideal choice for discerning homeowners. For more insights into this vibrant community, explore our expert guide to The Village at Motts Landing homes for sale. Looking for similar single-level living? You might also appreciate learning about 144 Windy Woods Way, Wilmington NC. Discover the latest Wilmington NC real estate market updates with Buddy Blake Real Estate. Our team brings unparalleled local expertise to help you navigate the Wilmington market, whether buying or selling. Trust Buddy Blake Real Estate for all your coastal property needs.
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 3.3% 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 $191,383 equity in the S&P 500, in 10 years it could grow to $496,399 — compared to an estimated $668,714 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 $1,857/month to hold — including $797/month in opportunity cost from equity that could be earning interest elsewhere.
Market Pulse
A balanced market with relatively equal supply and demand — neither strongly favoring buyers nor sellers.
Your Neighborhood
<p>Situated in Wilmington, NC's desirable Federal Point area, 348 Glenn Ellen Drive is part of the established Glenn Ellen subdivision within <a href="https://www.buddyblake.com/homes-for-sale-wilmington-nc/village-at-motts-landing-wilmington-nc-homes-for-sale-expert-real-estate-guide/">The Village at Motts Landing</a>. Residents benefit from the highly-rated New Hanover County Schools and the vibrant coastal lifestyle Wilmington offers, with convenient access to amenities and beaches.</p>
Market Trend Predictions
Based on moderate market appreciation projections, your property generates passive wealth each month.
Stable market — no urgency, but conditions are fair
* Projections are estimates based on historical trends and local market data, and do not guarantee future performance.
