409 Glenn Ellen Dr, Wilmington, NC 28412-1637
Estimated Market Value
AI Property Analysis
Discover unparalleled comfort and modern living at 409 Glenn Ellen Dr, a stunning patio home built in 2021 located in Wilmington, NC. This exquisite single-story residence boasts 2,825 square feet of living space, featuring 3 spacious bedrooms and 3 full bathrooms, perfect for contemporary lifestyles.
Step inside to an inviting atmosphere, highlighted by an open floor plan and high-quality finishes. The home is equipped with central air conditioning, an efficient electric heat pump system, and a cozy fireplace, ensuring comfort year-round. Outside, you'll appreciate the durable brick veneer exterior, the convenient attached garage with 840 square feet, and a charming open porch – ideal for enjoying the Carolina weather.
Situated on a generous 0.34-acre lot within The Village at Motts Landing, this property offers a fantastic opportunity for those seeking a newer home in a sought-after community. With an estimated value of nearly $800,000, this residence represents an exceptional investment.
For expert guidance on properties like this in the area or to understand the current Wilmington NC Real Estate Market Update, reach out to the dedicated professionals at Buddy Blake Real Estate. Their local knowledge makes them an invaluable resource for finding your dream home.
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 2.5% 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 $150,587 equity in the S&P 500, in 10 years it could grow to $390,585 — compared to an estimated $567,407 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 $1,553/month. This includes an estimated $627/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>Nestled in beautiful Wilmington, NC, this home is situated within the desirable Village at Motts Landing, a community known for its charm and quality living. Residents enjoy convenient access to local amenities and the vibrant coastal lifestyle that Wilmington offers. To learn more about this area and other Wilmington communities, connect with a <a href="https://buddyblake.com">trusted local real estate advisor</a>.</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: 1.3%, Moderate: 3.0%, 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.
