349 Glenn Ellen Dr, Wilmington, NC 28412-1632
Estimated Market Value
AI Property Analysis
Welcome to 349 Glenn Ellen Dr, a stunning patio home in the desirable Village at Motts Landing community of Wilmington, NC. Built in 2020, this like-new residence offers modern comfort and style across 2,588 square feet of single-level living. Featuring 3 spacious bedrooms and 3 full bathrooms, this home is designed for effortless living. Enjoy cozy evenings by the fireplace or bask in natural light within the inviting sunroom. The property boasts an open porch, perfect for enjoying the Carolina weather, and a generous 588 sq ft garage providing ample storage and parking. With its attractive brick veneer exterior, central air conditioning, and efficient heat pump system, this home perfectly blends elegance with practical amenities. For those seeking detailed information about this vibrant community, explore the Village at Motts Landing expert real estate guide. When it comes to finding exceptional properties like this, trust the local market insight from Buddy Blake and the dedicated team at Buddy Blake Real Estate to guide you through your home search. If you appreciate the convenience of single-level homes, you might also find inspiration in properties like 144 Windy Woods Way, Wilmington NC.
Your Capital Gains Tax Savings
Section 121 Primary Residence Exemption Analysis
Single Filer
Up to $250K Exclusion
Remaining taxable gain: $329,500
Married Filing Jointly
Up to $500K Exclusion
Remaining taxable gain: $79,500
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
Equity Breakdown
Your Appreciation Story
Your home has appreciated at 25.0% 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 $544,963 equity in the S&P 500, in 10 years it could grow to $1,413,495 — compared to an estimated $949,149 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 $3,168/month to hold — including $2,271/month in opportunity cost from equity that could be earning interest elsewhere.
Market Pulse
Strong property appreciation and high buyer demand indicate a seller-friendly market with competitive offers.
Your Neighborhood
<p>Situated in Wilmington, NC 28412, within the well-regarded New Hanover County Schools district, this property is part of the charming Village at Motts Landing community. Wilmington offers a blend of coastal living and urban amenities, making it a highly desirable location in North Carolina. For a deeper understanding of the local market trends, consider reviewing the <a href="https://buddyblake.com">Wilmington NC Real Estate Market Update</a>.</p>
Market Trend Predictions
Based on moderate market appreciation projections, your property generates passive wealth each month.
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.
