405 Glenn Ellen Dr, Wilmington, NC 28412-1637
Estimated Market Value
AI Property Analysis
Welcome to 405 Glenn Ellen Dr, a stunning patio home built in 2021, offering contemporary comfort and style in Wilmington, NC. This single-story gem boasts 2,825 square feet of meticulously designed living space, perfect for modern lifestyles. With 3 spacious bedrooms and 3 full bathrooms, this home provides ample room for relaxation and privacy. Step inside to discover a bright and inviting interior, complete with central air conditioning, a cozy fireplace, and efficient heat pump heating for year-round comfort.
The exterior features durable brick veneer, a charming enclosed porch ideal for enjoying the Carolina weather, and an attached 840 square foot garage providing convenient parking and storage. This home is situated within the highly sought-after Village at Motts Landing community, known for its appealing atmosphere and amenities. If you're considering making a move, understanding the Wilmington NC real estate market is crucial, and a trusted local expert can make all the difference. For more insights and to explore your options, turn to Buddy Blake Real Estate, your go-to source for Wilmington real estate expertise.
Your Capital Gains Tax Savings
Section 121 Primary Residence Exemption Analysis
Single Filer
Up to $250K Exclusion
Remaining taxable gain: $321,500
Married Filing Jointly
Up to $500K Exclusion
Remaining taxable gain: $71,500
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 29.6% 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 $535,214 equity in the S&P 500, in 10 years it could grow to $1,388,206 — compared to an estimated $935,194 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 $3,118/month to hold — including $2,230/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 community of Glenn Ellen, part of The Village at Motts Landing, offers a desirable residential experience within the greater Federal Point area. Residents enjoy proximity to local amenities and the coastal charm that defines Wilmington living.</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.
