361 Glenn Ellen Dr, Wilmington, NC 28412-1632
Estimated Market Value
AI Property Analysis
Discover the charm of 361 Glenn Ellen Dr, a meticulously maintained patio home nestled within Wilmington's desirable Village at Motts Landing. Built in 2019, this like-new residence offers a comfortable single-story layout spanning 2,717 square feet, perfect for easy living. Step inside to find 3 spacious bedrooms and 3 full bathrooms, alongside modern comforts like central air conditioning and an inviting fireplace. The home boasts a stylish brick veneer exterior and includes a generous 673 square foot garage, providing ample parking and storage. Enjoy tranquil Carolina evenings from your choice of an enclosed or open porch, perfect for relaxation or entertaining. With its prime location and thoughtful design, this home truly embodies the ideal Wilmington lifestyle. For expert insights into this vibrant area and to explore other exceptional properties, connect with the experienced team at Buddy Blake Real Estate. If you're looking for more information on the community, dive into our expert guide to homes for sale in Village at Motts Landing, Wilmington NC. For a broader perspective on the market, consider checking out the latest Wilmington NC Real Estate Market Update.
Capital Gains Tax Analysis
Section 121 Primary Residence Exemption Analysis
Single Filer
Up to $250K Exclusion
Remaining taxable gain: $333,500
Married Filing Jointly
Up to $500K Exclusion
Remaining taxable gain: $83,500
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 21.2% 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 $551,298 equity in the S&P 500, in 10 years it could grow to $1,429,925 — compared to an estimated $957,586 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 $3,199/month. This includes an estimated $2,297/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>Nestled in Wilmington, NC, 361 Glenn Ellen Dr is situated within the appealing Federal Point area of New Hanover County. This community offers a desirable residential setting, known for its serene environment and convenient access to local amenities. For more details on the Wilmington real estate landscape and specific neighborhoods, visit <a href="https://buddyblake.com">Buddy Blake Real Estate</a>.</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.
