240 Fayemarsh Rd, Wilmington, NC 28412-3635
Estimated Market Value
AI Property Analysis
Discover the charm of 240 Fayemarsh Rd, a beautifully maintained patio home nestled within Wilmington's desirable Pointe Pleasant at Motts Landing community. Built in 2013, this inviting 3-bedroom, 2-bathroom residence offers a comfortable 1955 square feet of single-story living. You'll appreciate features like the cozy fireplace, perfect for cooler evenings, and the convenience of central air conditioning and an efficient heat pump system. The home boasts an attractive brick veneer exterior and sits on a manageable 0.2-acre lot, providing just the right amount of outdoor space without the upkeep. Enjoy tranquil moments on your enclosed porch, or make use of the attached 484 sq ft garage. With a recent sale in June 2024, this home is ready for its next chapter. Stay informed about current trends with a Wilmington NC Real Estate Market Update, and for more insights from an agent with deep local expertise, explore Buddy Blake Real Estate.
Your Capital Gains Tax Savings
Section 121 Primary Residence Exemption Analysis
Single Filer
Up to $250K Exclusion
Remaining taxable gain: $14,789
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 21.3% 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 $293,312 equity in the S&P 500, in 10 years it could grow to $760,775 — compared to an estimated $716,308 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 $2,161/month to hold — including $1,222/month in opportunity cost from equity that could be earning interest elsewhere.
Market Pulse
Steady appreciation and consistent buyer interest suggest a balanced market favoring sellers.
Your Neighborhood
<p>Located in the Federal Point area of Wilmington, NC, this property benefits from a prime position within New Hanover County. Residents enjoy access to the highly-rated New Hanover County Schools and the vibrant amenities of Wilmington. The Pointe Pleasant at Motts Landing community offers a welcoming atmosphere, blending residential comfort with convenient access to local attractions and coastal living opportunities.</p>
Market Trend Predictions
Based on moderate market appreciation projections, your property generates passive wealth each month.
Good conditions — consider listing in the next 6-12 months
* Projections are estimates based on historical trends and local market data, and do not guarantee future performance.
