408 Glenn Ellen Dr, Wilmington, NC 28412-1637
Estimated Market Value
AI Property Analysis
Discover the allure of modern living at 408 Glenn Ellen Dr, a meticulously crafted patio home in Wilmington, NC. Built in 2021, this nearly-new, single-story residence boasts 3 bedrooms and 2.5 bathrooms spread across 2,227 square feet of comfortable living space. The elegant brick veneer exterior sets a welcoming tone, complemented by the convenience of central air conditioning and an efficient heat pump for year-round comfort.
Step inside to find thoughtfully designed interiors, featuring a cozy fireplace perfect for cooler evenings. The home offers both an inviting patio and an enclosed porch, providing ideal spaces for relaxation or entertaining guests. With a dedicated garage spanning 484 square feet, there's ample room for parking and storage. For those interested in current market trends in the area, a recent Wilmington NC Real Estate Market Update can offer valuable insights.
Situated in The Village at Motts Landing, this property offers more than just a home; it provides a lifestyle within a desirable community. The neighborhood's appeal, combined with the quality of this build, makes it a true gem. Finding such a well-appointed, single-level home in this area is a unique opportunity, much like the features seen in a similar property located at 144 Windy Woods Way.
To learn more about this exceptional property or other homes for sale in the Wilmington area, rely on the deep local real estate expertise of Buddy Blake. Contact Buddy Blake Real Estate today to schedule your private tour and experience all that 408 Glenn Ellen Dr has to offer.
Your Capital Gains Tax Savings
Section 121 Primary Residence Exemption Analysis
Single Filer
Up to $250K Exclusion
Remaining taxable gain: $297,500
Married Filing Jointly
Up to $500K Exclusion
Remaining taxable gain: $47,500
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 27.3% 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 $514,690 equity in the S&P 500, in 10 years it could grow to $1,334,972 — compared to an estimated $902,056 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 $3,004/month to hold — including $2,145/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>This charming home is nestled in Wilmington, NC, within the desirable Federal Point area. Residents benefit from being part of the New Hanover County Schools district, offering excellent educational opportunities and a vibrant coastal lifestyle.</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.
