365 Glenn Ellen Dr, Wilmington, NC 28412-1632
Estimated Market Value
AI Property Analysis
Discover the charm of modern living at 365 Glenn Ellen Dr, a stunning patio home nestled in the desirable Village at Motts Landing in Wilmington, NC. Built in 2021, this exquisite 2,371 square foot residence offers a perfect blend of comfort and style. Featuring 3 spacious bedrooms and 2.5 baths, this single-story gem is designed for effortless living. Enjoy the convenience of central air conditioning, a cozy fireplace, and an efficient electric heat pump system. The home boasts a welcoming enclosed porch, perfect for relaxing, and a 1-car garage. With its elegant brick veneer exterior and quality construction, this home represents a fantastic opportunity in one of Wilmington's sought-after communities. To explore more homes and learn about this vibrant area, trust the local expertise of Buddy Blake Real Estate. For a deeper dive into the specific amenities and lifestyle offered by The Village at Motts Landing, explore our community guide. This beautiful home was last sold in April 2025 for $850,000, reflecting its premium appeal in the current market. Stay informed on the local housing trends by checking out the latest Wilmington NC Real Estate Market Update provided by Buddy Blake, your Wilmington real estate expert.
Capital Gains Tax Analysis
Section 121 Primary Residence Exemption Analysis
Single Filer
Up to $250K Exclusion
Married Filing Jointly
Up to $500K Exclusion
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 -0.3% per year — below 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 $81,308 equity in the S&P 500, in 10 years it could grow to $210,892 — compared to an estimated $526,466 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 $1,327/month. This includes an estimated $339/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
Slower price growth and extended listing times suggest a more buyer-friendly environment.
Your Neighborhood
<p>Situated in the thriving Wilmington area, 365 Glenn Ellen Dr is part of <a href="https://www.buddyblake.com/homes-for-sale-wilmington-nc/village-at-motts-landing-wilmington-nc-homes-for-sale-expert-real-estate-guide/">The Village at Motts Landing</a>, a highly regarded community known for its well-maintained homes and convenient access to local amenities. Residents benefit from the excellent New Hanover County Schools district and proximity to everything Wilmington has to offer, from beautiful beaches to vibrant downtown attractions.</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.
Buyer's market — consider waiting for conditions to improve
* These projections are hypothetical illustrations based on historical trends and local market data. Conservative: 0.0%, Moderate: 3.5%, Aggressive: 3.5%. 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.
