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Street view of 380 Glenn Ellen Dr, Wilmington, NC 28412

380 Glenn Ellen Dr, Wilmington, NC 28412

Estimated Market Value

$0
Range: $528,674 - $793,011
ZZillow Zestimate: $686,900
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Valuation Comparison

Our Estimate
$660,843
Range: $528,674 - $793,011
Zillow Zestimate®View on Zillow
$686,900
Range: $652,555 - $721,245
30-Day Trend
+$1,840(0.3%)

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

4Beds
3Baths
2,385SqFt
2023Built
1Garage

AI Property Analysis

Discover modern comfort in this exquisite, newly built patio home at 380 Glenn Ellen Dr, Wilmington. Constructed in 2023, this spacious 2,385 sq ft single-story residence boasts 4 bedrooms and 3 full bathrooms, offering ample space for relaxed living. Enjoy the convenience of central air conditioning, an energy-efficient heat pump, and a welcoming porch for outdoor enjoyment. Complete with an attached garage, this home sits on a generous 0.23-acre lot within the desirable Glenn Ellen subdivision.

Your Capital Gains Tax Savings

Section 121 Primary Residence Exemption Analysis

Total Potential Taxable Gain
$2,343
Based on estimated value of $660,843 minus purchase price of $658,500
✅ You likely qualify! You've owned this home for 2.2 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:$2,343
Capital Gains Rate:20%
Potential Tax Savings:$469

Married Filing Jointly

Up to $500K Exclusion

Protected Amount:$2,343
Capital Gains Rate:20%
Potential Tax Savings:$469

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:$75,390

Equity Breakdown

Cost to Build Today$536,625
Investor Quick-Sale Est.$380,645
Monthly Rental Est.$3,304/mo

Your Appreciation Story

Your Annual Return0.2%Compound growth rate
Historical Average3.5%Long-term US average
Above-Average Growth+$0Growth above historical 3.5% baseline

Your home has appreciated at 0.2% 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 $75,390 equity in the S&P 500, in 10 years it could grow to $195,542 — compared to an estimated $422,728 in total equity by staying in the home.


The Hidden Cost of Holding

Insurance (0.4% est)$220/mo
Maintenance (1% est)$551/mo
Opportunity Cost (5% est)$314/mo
Total Monthly Holding Cost$1,085/mo

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

While your home appreciates, it costs approximately $1,085/month to hold — including $314/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

Situated in the charming city of Wilmington, NC (zip code 28412), this home is nestled within the well-regarded Glenn Ellen subdivision, part of 'The Village at Motts Landing'. Residents benefit from the excellent New Hanover County Schools district and enjoy a tranquil, R-15 zoned residential environment. Wilmington itself offers a desirable coastal lifestyle, combining historic charm with modern conveniences and access to beautiful beaches.

Market Trend Predictions

1 Year Forecast$672,946Range: $661K - $684K
3 Year Forecast$697,821Range: $662K - $733K
5 Year Forecast$723,615Range: $664K - $785K

Estimated Monthly Equity Gain
+$1,009/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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