352 Glenn Ellen Dr, Wilmington, NC 28412-1632
Estimated Market Value
AI Property Analysis
Discover the charm of coastal living at 352 Glenn Ellen Dr, a stunning patio home built in 2019, nestled in Wilmington, NC. This meticulously maintained single-story residence offers a spacious 2,426 square feet of living space, featuring 3 comfortable bedrooms and 2.5 baths, perfect for modern lifestyles. The home boasts a welcoming brick veneer exterior and comes equipped with central air conditioning and a heat pump for year-round comfort. Cozy up by one of the two fireplaces or enjoy the beautiful North Carolina weather from your enclosed or open porch. Parking is a breeze with a generous 712 square foot two-car garage.
Situated within the desirable Village at Motts Landing community, this home offers a fantastic opportunity for those seeking a vibrant and convenient lifestyle in Wilmington. The R-15 zoning ensures a peaceful residential environment on a well-sized 0.28-acre lot. When it comes to navigating the Wilmington real estate market, having a knowledgeable partner is key. Buddy Blake Real Estate provides unparalleled local expertise, helping you make informed decisions about your next home. For the latest insights into the local property landscape, explore the Wilmington NC Real Estate Market Update. For those looking for more homes like this, Buddy Blake is your go-to Wilmington NC real estate expert. Don't miss the chance to explore what makes this property truly special.
Capital Gains Tax Analysis
Section 121 Primary Residence Exemption Analysis
Single Filer
Up to $250K Exclusion
Remaining taxable gain: $311,500
Married Filing Jointly
Up to $500K Exclusion
Remaining taxable gain: $61,500
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 21.3% 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 $531,310 equity in the S&P 500, in 10 years it could grow to $1,378,082 — compared to an estimated $926,035 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 $3,090/month. This includes an estimated $2,214/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>The property at 352 Glenn Ellen Dr is situated in Wilmington, NC 28412, within the desirable Federal Point area of New Hanover County. This residential district is known for its well-established communities and convenient access to local amenities and the broader Wilmington area. It falls under the reputable New Hanover County Schools district, offering a peaceful residential environment.</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.
