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.
Your Capital Gains Tax Savings
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 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 21.6% 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 $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.
The Hidden Cost of Holding
* Estimates do not include county, city, or other annual property taxes.
While your home appreciates, it costs approximately $3,199/month to hold — including $2,297/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>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 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.
