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Street view of 404 Glenn Ellen Dr, Wilmington, NC 28412

404 Glenn Ellen Dr, Wilmington, NC 28412

Estimated Market Value

$0
Range: $494,463 - $918,288
ZZillow Zestimate: $702,400
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Valuation Comparison

Our Estimate
$706,376
Range: $494,463 - $918,288
Zillow Zestimate®View on Zillow
$702,400
Range: $667,280 - $737,520
30-Day Trend
-$2,300(0.3%)

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

3Beds
2.5Baths
2,182SqFt
2021Built
1Garage

AI Property Analysis

Discover modern comfort in this charming patio home, built in 2021, located at 404 Glenn Ellen Dr. Spanning 2,182 square feet, this inviting residence features 3 bedrooms and 2.5 bathrooms, perfect for contemporary living. Enjoy thoughtful details such as central air conditioning, a cozy fireplace, and an open porch ideal for relaxation. The home boasts a durable brick veneer exterior, an attached garage, and efficient heat pump heating, all set on a manageable 0.28-acre lot.

Your Capital Gains Tax Savings

Section 121 Primary Residence Exemption Analysis

Total Potential Taxable Gain
$516,876
Based on estimated value of $706,376 minus purchase price of $189,500
✅ You likely qualify! You've owned this home for 5.3 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:$250,000
Capital Gains Rate:20%
Potential Tax Savings:$50,000

Remaining taxable gain: $266,876

Married Filing Jointly

Up to $500K Exclusion

Protected Amount:$500,000
Capital Gains Rate:20%
Potential Tax Savings:$100,000

Remaining taxable gain: $16,876

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:$486,635

Equity Breakdown

Cost to Build Today$490,950
Investor Quick-Sale Est.$356,013
Monthly Rental Est.$3,532/mo

Your Appreciation Story

Your Annual Return28.3%Compound growth rate
Historical Average3.5%Long-term US average
Above-Average Growth+$479,182Growth above historical 3.5% baseline

Your home has appreciated at 28.3% 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 $486,635 equity in the S&P 500, in 10 years it could grow to $1,262,205 — compared to an estimated $857,905 in total equity by staying in the home.


The Hidden Cost of Holding

Insurance (0.4% est)$235/mo
Maintenance (1% est)$589/mo
Opportunity Cost (5% est)$2,028/mo
Total Monthly Holding Cost$2,852/mo

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

While your home appreciates, it costs approximately $2,852/month to hold — including $2,028/month in opportunity cost from equity that could be earning interest elsewhere.

Market Pulse

Market Temp
⚖️ Moderate

A balanced market with relatively equal supply and demand — neither strongly favoring buyers nor sellers.

Your Neighborhood

Situated in the desirable 28412 zip code of Wilmington, NC, 404 Glenn Ellen Dr is part of The Village at Motts Landing subdivision. This residential district (zoned R-15) falls within the highly-regarded New Hanover County Schools system, offering residents access to Wilmington's vibrant amenities, beautiful coastal attractions, and a welcoming community atmosphere.

Market Trend Predictions

1 Year Forecast$731,099Range: $721K - $763K
3 Year Forecast$783,172Range: $750K - $890K
5 Year Forecast$838,953Range: $780K - $1M

Estimated Monthly Equity Gain
+$2,060/mo

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

⚖️Market Outlook & Sell Window

Stable market — no urgency, but conditions are fair

* 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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