353 Glenn Ellen Dr, Wilmington, NC 28412
Estimated Market Value
AI Property Analysis
Discover the potential at 353 Glenn Ellen Dr, a spacious 0.562-acre parcel located in the charming Village at Motts Landing in Wilmington, NC. While currently designated as open space and owned by the homeowners association, its R-15 residential zoning suggests future possibilities within this highly desirable community. This generous lot offers a canvas for envisioning the perfect addition to the neighborhood, subject to community guidelines and local regulations. To explore more about the lifestyle and homes for sale in Village at Motts Landing, or to gain insights into the Wilmington NC real estate market, connect with the knowledgeable team at Buddy Blake Real Estate. Their local market expertise can guide you through the opportunities in this dynamic coastal region.
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
Market Pulse
A balanced market with relatively equal supply and demand — neither strongly favoring buyers nor sellers.
Your Neighborhood
<p>Situated in the vibrant Federal Point area of Wilmington, NC, this property benefits from its location within New Hanover County, known for its beautiful coastal landscapes and thriving community. Residents enjoy access to top-rated schools within the New Hanover County Schools district and a diverse range of amenities, making it a highly sought-after place to live. For more local insights, visit <a href="https://buddyblake.com">Buddy Blake Real Estate</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.
Stable market — no urgency, but conditions are fair
* These projections are hypothetical illustrations based on historical trends and local market data. Conservative: 1.8%, Moderate: 3.5%, 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.
