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.
Capital Gains Tax Analysis
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 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 20.0% 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 $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. 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 $2,161/month. This includes an estimated $1,222/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
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 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.
Good conditions — consider listing in the next 6-12 months
* These projections are hypothetical illustrations based on historical trends and local market data. Conservative: 2.0%, Moderate: 3.5%, 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.
