373 Glenn Ellen Dr, Wilmington, NC 28412-1632
Estimated Market Value
AI Property Analysis
Welcome to 373 Glenn Ellen Drive, a truly exceptional patio home nestled in Wilmington, NC. Built in 2021, this residence offers a like-new living experience, blending modern design with comfort. Spanning 2,422 square feet, this single-story home boasts 3 spacious bedrooms and 2.5 beautifully appointed bathrooms, perfect for relaxed living. You'll be charmed by the elegant brick exterior and desirable features such as central air conditioning, a cozy fireplace, and an inviting open porch, ideal for enjoying those Carolina evenings. The attached 730 sq ft garage provides ample space for parking and storage, catering to all your needs. Situated within the highly sought-after The Village at Motts Landing community, this property combines modern amenities with a fantastic neighborhood feel. For deep insights into the local market and expert guidance, trust Buddy Blake's unparalleled understanding of Wilmington real estate. If you're curious about property values and trends in the area, make sure to check out the latest Wilmington NC Real Estate Market Update. Discover more exceptional properties and experience award-winning service by visiting Buddy Blake Real Estate.
Your Capital Gains Tax Savings
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 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 29.3% 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.
What Could Your Equity Do?
If you sold today and invested your $540,761 equity in the S&P 500, in 10 years it could grow to $1,402,595 — compared to an estimated $943,896 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 $3,148/month to hold — including $2,253/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, the area surrounding 373 Glenn Ellen Drive, within The Village at Motts Landing, offers residents a vibrant coastal lifestyle with convenient access to local amenities, beautiful beaches, and a thriving community. To explore what makes this region so special, consult <a href="https://buddyblake.com">Buddy Blake's local Wilmington real estate expertise</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.
