5614 Garrett Lea Park, Wilmington, NC 28412
Estimated Market Value
AI Property Analysis
Welcome home to 5614 Garrett Lea Parke, a pristine, newly constructed patio home nestled in the desirable Glenn Ellen section of The Village at Motts Landing in Wilmington, NC. Built in 2023, this charming single-story residence spans 2,027 square feet and offers a thoughtful layout perfect for comfortable living. Boasting four spacious bedrooms and three full bathrooms, it provides ample space for family and guests alike. You'll appreciate the convenience of an attached 462 square foot garage, an inviting open porch for enjoying those beautiful Carolina evenings, and a cozy fireplace for cooler months. With its attractive brick veneer exterior, modern amenities like central air conditioning and a heat pump, and municipal water and sewer services, this home combines elegance with practicality. Experience the ease of a low-maintenance patio home lifestyle in a fantastic Wilmington location. For expert insights into this vibrant area, trust the local knowledge of Buddy Blake Real Estate. They can help you navigate the Wilmington NC real estate market with confidence.
Your Capital Gains Tax Savings
Section 121 Primary Residence Exemption Analysis
Single Filer
Up to $250K Exclusion
Remaining taxable gain: $152,500
Married Filing Jointly
Up to $500K Exclusion
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
Equity Breakdown
Your Appreciation Story
Your home has appreciated at 37.0% 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.
What Could Your Equity Do?
If you sold today and invested your $382,766 equity in the S&P 500, in 10 years it could grow to $992,795 — compared to an estimated $704,432 in total equity by staying in the home.
The Hidden Cost of Holding
* Estimates do not include county, city, or other annual property taxes.
While your home appreciates, it costs approximately $2,309/month to hold — including $1,595/month in opportunity cost from equity that could be earning interest elsewhere.
Market Pulse
Strong property appreciation and high buyer demand indicate a seller-friendly market with competitive offers.
Your Neighborhood
<p>Nestled in the thriving Federal Point area of Wilmington, NC, this home is part of the desirable Glenn Ellen subdivision within <a href="https://www.buddyblake.com/homes-for-sale-wilmington-nc/village-at-motts-landing-wilmington-nc-homes-for-sale-expert-real-estate-guide/" target="_blank">The Village at Motts Landing</a>. Residents enjoy a peaceful residential setting with convenient access to Wilmington's amenities, schools, and coastal attractions. The area is characterized by its well-maintained homes and a friendly community atmosphere, making it an ideal place to call home.</p>
Market Trend Predictions
Based on moderate market appreciation projections, your property generates passive wealth each month.
Strong seller's market — favorable conditions to sell now
* Projections are estimates based on historical trends and local market data, and do not guarantee future performance.
