357 Glenn Ellen Dr, Wilmington, NC 28412-1632
Estimated Market Value
AI Property Analysis
Discover modern elegance and comfortable living at 357 Glenn Ellen Dr, a charming patio home in Wilmington, NC. Built in 2019, this immaculate single-story residence boasts 3 bedrooms and 3 full bathrooms across a spacious 3,002 square feet of living space. Imagine relaxing in your sunroom, enjoying cozy evenings by the fireplace, or unwinding on the open porch – perfect for savoring those beautiful North Carolina days. The home features a durable brick veneer exterior and includes a convenient garage, central air conditioning, and an efficient heat pump system.
This exceptional property is nestled within the highly sought-after Village at Motts Landing community. To explore more about this vibrant neighborhood and other available homes, visit the Village at Motts Landing expert real estate guide. With its low-maintenance lifestyle and prime location, this home offers an ideal blend of style and convenience. For unparalleled local insights and expert guidance on finding your perfect Wilmington area home, trust the local real estate expertise of Buddy Blake. Get a deeper understanding of current trends with the latest Wilmington NC Real Estate Market Update.
Ready to make this dream home yours? Contact Buddy Blake Real Estate for a private showing and experience the difference of working with a team dedicated to your home-buying journey.
Capital Gains Tax Analysis
Section 121 Primary Residence Exemption Analysis
Single Filer
Up to $250K Exclusion
Remaining taxable gain: $327,500
Married Filing Jointly
Up to $500K Exclusion
Remaining taxable gain: $77,500
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 21.0% 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. Past performance does not guarantee future results.
What Could Your Equity Do?
If you sold today and invested your $545,988 equity in the S&P 500, in 10 years it could grow to $1,416,152 — compared to an estimated $949,122 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 $3,170/month. This includes an estimated $2,275/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>Situated in the desirable 28412 zip code of Wilmington, NC, this home offers the best of coastal living. The property is part of the established Village at Motts Landing, a community known for its inviting atmosphere and convenient access to local amenities, including top-rated schools within the New Hanover County Schools district. Residents enjoy proximity to Wilmington's vibrant downtown, beautiful beaches, and a variety of shopping and dining options, all contributing to a relaxed yet engaging lifestyle.</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.
