384 Glenn Ellen Dr, Wilmington, NC 28412-1632
Estimated Market Value
AI Property Analysis
Welcome to 384 Glenn Ellen Dr, a stunning and practically brand-new home nestled in the highly sought-after Village at Motts Landing community in Wilmington, NC. Built in 2023, this charming single-story patio home offers 2,105 square feet of comfortable living space, designed with modern elegance and convenience in mind. Step inside to discover a thoughtfully laid-out interior featuring 3 spacious bedrooms and 4 well-appointed bathrooms, ensuring ample space and privacy for everyone. Cozy up by the fireplace on cooler evenings or enjoy the perfect climate year-round with central air conditioning and an efficient heat pump system.
The exterior boasts classic brick veneer, complementing its pristine condition and low-maintenance slab foundation. An attached garage provides convenient parking and storage. Living in Glenn Ellen means more than just a beautiful home; it means embracing the lifestyle of The Village at Motts Landing, Wilmington NC, a community renowned for its amenities and welcoming atmosphere. This is an exceptional opportunity to own a meticulously maintained property in a prime Wilmington location.
Considering a move in the Wilmington area? For unparalleled insights into local property values and market trends, reach out to the seasoned professionals at Buddy Blake Real Estate. Their deep understanding of the area, like their recent Wilmington NC Real Estate Market Update, helps clients navigate the market with confidence, whether you're buying or selling. Trust in their local expertise to guide you to your perfect home or to achieve a top-dollar sale for your current property.
Your Capital Gains Tax Savings
Section 121 Primary Residence Exemption Analysis
Single Filer
Up to $250K Exclusion
Remaining taxable gain: $228,500
Married Filing Jointly
Up to $500K Exclusion
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 36.5% 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 $451,225 equity in the S&P 500, in 10 years it could grow to $1,170,360 — compared to an estimated $812,837 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 $2,683/month to hold — including $1,880/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>Situated in the desirable Federal Point area of Wilmington, NC, 384 Glenn Ellen Dr is part of The Village at Motts Landing. This vibrant community is known for its serene environment and convenient access to local amenities, offering residents a blend of coastal charm and modern living. Discover more about this sought-after neighborhood by exploring our expert real estate guide for <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>.</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.
