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209 Elijah Ct, Wilmington, NC 28412

Estimated Market Value

$0
Range: $532,928 - $799,393
ZZillow Zestimate: $685,100
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Valuation Comparison

Our Estimate
$666,161
Range: $532,928 - $799,393
Zillow Zestimate®View on Zillow
$685,100
Range: $650,845 - $719,355
30-Day Trend
+$2,493(0.4%)

Zestimate® is a registered trademark of Zillow, Inc. Valuation models differ based on data availability, proprietary algorithms, and recent market shifts.

3Beds
3Baths
2,381SqFt
2019Built
1Garage

AI Property Analysis

Discover modern comfort at 209 Elijah Ct, a beautifully crafted 2019-built patio home in Wilmington, NC. This inviting residence offers 2,381 square feet of living space, featuring 3 bedrooms and 3 full bathrooms designed for effortless living. Enjoy the warmth of a cozy fireplace and the efficiency of central air conditioning, complemented by an attractive brick veneer exterior and a durable shingle roof. The property includes a convenient attached garage and an open porch, all set on a generous 0.26-acre lot, providing a perfect blend of style and practicality.

Your Capital Gains Tax Savings

Section 121 Primary Residence Exemption Analysis

Total Potential Taxable Gain
$16,161
Based on estimated value of $666,161 minus purchase price of $650,000
✅ You likely qualify! You've owned this home for 2.8 years (minimum 2 years required).
⚠️ This tax benefit may not last forever. The Section 121 exclusion is frequently debated in Congress. Knowing your equity options now is crucial for long-term wealth planning.

Single Filer

Up to $250K Exclusion

Protected Amount:$16,161
Capital Gains Rate:20%
Potential Tax Savings:$3,232

Married Filing Jointly

Up to $500K Exclusion

Protected Amount:$16,161
Capital Gains Rate:20%
Potential Tax Savings:$3,232

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

Estimated Cash in Hand:$92,323

Equity Breakdown

Cost to Build Today$535,725
Investor Quick-Sale Est.$383,708
Monthly Rental Est.$3,331/mo

Your Appreciation Story

Your Annual Return0.9%Compound growth rate
Historical Average3.5%Long-term US average
Above-Average Growth+$0Growth above historical 3.5% baseline

Your home has appreciated at 0.9% 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.


What Could Your Equity Do?

If you sold today and invested your $92,323 equity in the S&P 500, in 10 years it could grow to $239,463 — compared to an estimated $442,457 in total equity by staying in the home.


The Hidden Cost of Holding

Insurance (0.4% est)$222/mo
Maintenance (1% est)$555/mo
Opportunity Cost (5% est)$385/mo
Total Monthly Holding Cost$1,162/mo

* Estimates do not include county, city, or other annual property taxes.

While your home appreciates, it costs approximately $1,162/month to hold — including $385/month in opportunity cost from equity that could be earning interest elsewhere.

Market Pulse

Market Temp
❄️ Cool

Slower price growth and extended listing times suggest a more buyer-friendly environment.

Your Neighborhood

Nestled within the vibrant city of Wilmington, NC, this home is situated in the Federal Point area of New Hanover County. Residents benefit from being part of the esteemed New Hanover County Schools district, enjoying a tranquil residential setting while maintaining convenient access to Wilmington's rich array of amenities, including its historic charm, beautiful coastline, and thriving community life.

Market Trend Predictions

1 Year Forecast$680,732Range: $669K - $689K
3 Year Forecast$710,837Range: $675K - $739K
5 Year Forecast$742,273Range: $681K - $791K

Estimated Monthly Equity Gain
+$1,214/mo

Based on moderate market appreciation projections, your property generates passive wealth each month.

❄️Market Outlook & Sell Window

Buyer's market — consider waiting for conditions to improve

* Projections are estimates based on historical trends and local market data, and do not guarantee future performance.

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⚖️ This analysis is for informational purposes only and does not constitute professional advice. Always consult with a licensed local real estate agent, appraiser, attorney, and/or accountant before making any real estate decisions or entering into any agreements.
Buddy Blake

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Buddy Blake

Buddy Blake Real Estate

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