6602 Motts Village Rd, Wilmington, NC 28412-3613
Estimated Market Value
AI Property Analysis
Step into comfortable, single-story living at 6602 Motts Village Rd, a charming patio home located in desirable Wilmington, NC. Built in 2009, this inviting residence boasts 2,153 square feet of thoughtfully designed space, featuring 3 bedrooms and 3 full bathrooms. Enjoy modern conveniences like central air conditioning, a cozy fireplace, and an attached garage. The classic brick veneer exterior and welcoming open porch enhance its curb appeal, making it a perfect spot for relaxation. Situated on a generous 0.25-acre lot within the established Bellamy Parke at Village at Motts Landing community, this home offers a blend of tranquility and convenience.
Considering a move to the Wilmington area? For expert guidance on local properties and market insights, trust Buddy Blake Real Estate, a team known for their deep local real estate expertise. Curious about current trends? Explore the latest Wilmington NC Real Estate Market Update to make informed decisions. This property at 6602 Motts Village Rd presents a wonderful opportunity to own a well-maintained home in a fantastic location.
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 8.0% 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. Past performance does not guarantee future results.
What Could Your Equity Do?
If you sold today and invested your $250,203 equity in the S&P 500, in 10 years it could grow to $648,961 — compared to an estimated $557,035 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 $1,724/month. This includes an estimated $1,043/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
Strong property appreciation and high buyer demand indicate a seller-friendly market with competitive offers.
Your Neighborhood
<p>Nestled in the charming city of Wilmington, NC, this home is part of the welcoming Bellamy Parke at Village at Motts Landing subdivision. This area, falling within the New Hanover County Schools district, offers residents a desirable blend of suburban tranquility and convenient access to Wilmington's vibrant coastal lifestyle and amenities.</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.
Strong seller's market — favorable conditions to sell now
* These projections are hypothetical illustrations based on historical trends and local market data. Conservative: 2.0%, Moderate: 5.7%, Aggressive: 8.0%. 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.
