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Street view of 1937 Jackson St, Wilmington, NC 28401, USA

1937 Jackson St, Wilmington, NC 28401, USA

Estimated Market Value

$0
Range: $216,607 - $305,338
Zillow Zestimate®: $301,800
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Valuation Comparison

Our Estimate
$302,795
Range: $216,607 - $305,338
Zillow Zestimate®View on Zillow
$301,800
Range: $286,710 - $316,890

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

2Beds
1Bath
864SqFt
1950Built

AI Property Analysis

This charming single-story cottage, located at 1937 Jackson St in Wilmington, NC, offers 864 square feet of comfortable living space. Built in 1950, the home features two bedrooms and one full bathroom, presenting a cozy and functional layout. It boasts a good overall condition with a durable siding exterior and a composition shingle roof. Modern comforts include central air conditioning and efficient electric floor/wall heating, ensuring a pleasant environment year-round, while municipal sewer services add to its convenience. The property sits on a generous 0.167-acre lot, encompassing approximately 7,275 square feet, with a low elevation topography. Enhancing its appeal are desirable outdoor features such as an enclosed porch, a wood deck, and a utility building, providing ample space for relaxation, entertaining, or extra storage. Zoned R-7 for Residential District, this property is ideally suited for medium-density single dwelling use within the established Sunset Park subdivision. With its solid structure and practical amenities, this home represents a fantastic opportunity for those seeking a well-maintained residence in a desirable Wilmington locale. The outdoor spaces add significant value, offering potential for personalization and enjoyment. Whether you're a first-time homebuyer or looking to downsize, this property's blend of classic charm and functional design makes it an attractive choice with excellent potential for comfortable living.

Capital Gains Tax Analysis

Section 121 Primary Residence Exemption Analysis

Total Potential Taxable Gain
$172,795
Based on estimated value of $302,795 minus purchase price of $130,000
Based on public records, this property has been owned for approximately 20.0 years. A homeowner may qualify for the Section 121 exclusion if all IRS requirements — including ownership, use as a primary residence, and timing — are satisfied. Public property records alone cannot determine individual eligibility. Consult a qualified tax professional.

Single Filer

Up to $250K Exclusion

Protected Amount:$172,795
Capital Gains Rate:20%
Potential Tax Savings:$34,559

Married Filing Jointly

Up to $500K Exclusion

Protected Amount:$172,795
Capital Gains Rate:20%
Potential Tax Savings:$34,559

Tax Liability Comparison

* This analysis is a simplified illustration based on an assumed 20% federal capital gains tax rate. It does not account for state taxes, depreciation recapture, the Net Investment Income Tax (3.8%), AMT, or individual circumstances. The Section 121 exclusion has specific IRS requirements regarding ownership, use, and timing that cannot be determined from public property records alone. This platform is not acting as a tax adviser, accountant, or attorney. Consult a licensed CPA or tax attorney to evaluate your specific situation. Calculation date: August 2026.

Financial Projections

Estimated Net Proceeds

Estimated Cash in Hand:$214,663

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

Cost to Build Today$194,400
Investor Quick-Sale Est.$155,957
Monthly Rental Est.$1,968/mo
📊 Assumptions Used in This Analysis: Home appreciation rate: 3.5% (long-term U.S. historical average) • S&P 500 return: 10% (historical average, not guaranteed) • High-yield savings: 5% (current estimate, subject to change) • Bonds/CDs: 4% (current estimate) • Insurance: 0.4% of home value annually • Maintenance: 1% of home value annually • Opportunity cost: 5% annually • Mortgage balance: estimated from public purchase records assuming 30-year fixed, 20% down, 5% interest rate • Property taxes are NOT included • All projections are hypothetical illustrations and do not guarantee future results. Past performance is not indicative of future returns.

Your Appreciation Story

Your Annual Return4.3%Compound growth rate
Historical Average3.5%Long-term US average
Above-Average Growth+$44,174Growth above historical 3.5% baseline

Your home has appreciated at 4.3% 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. Past performance does not guarantee future results.


What Could Your Equity Do?

If you sold today and invested your $214,663 equity in the S&P 500, in 10 years it could grow to $556,781 — compared to an estimated $373,812 in total equity by staying in the home. These projections are hypothetical. Investment returns are not guaranteed and involve risk of loss.


The Hidden Cost of Holding

Insurance (0.4% est)$101/mo
Maintenance (1% est)$252/mo
Opportunity Cost (5% est)$894/mo
Total Monthly Holding Cost$1,248/mo

* Estimates do not include property taxes (county, city, school, or special district). Actual costs vary significantly by location and individual circumstances. This platform is not acting as a financial or investment adviser.

The estimated monthly cost of holding this property is approximately $1,248/month. This includes an estimated $894/month in opportunity cost — the hypothetical return that equity could earn if invested elsewhere. These figures are estimates and actual costs will vary.

Market Pulse

Market Temp
🔥 Hot

Strong property appreciation and high buyer demand indicate a seller-friendly market with competitive offers.

Your Neighborhood

Welcome to the vibrant community of Wilmington, North Carolina, where life revolves around coastal charm and a lively atmosphere! Living on Jackson St places you in the heart of the historic Sunset Park subdivision, a beloved, established neighborhood known for its tree-lined streets and friendly community vibe. You'll find yourself just a stone's throw from downtown Wilmington's bustling riverfront, local boutiques, diverse dining options, and a short drive to some of North Carolina's most beautiful beaches, offering an ideal blend of city amenities and seaside leisure. Families here benefit from being part of the highly-regarded New Hanover County Schools system, adding to the area's appeal in a market where strong school districts are always a draw for homeowners.

Market Trend Projections

1 Year Forecast$314,634Range: $309K - $316K
3 Year Forecast$339,717Range: $321K - $344K
5 Year Forecast$366,801Range: $334K - $374K

Estimated Monthly Equity Gain
+$987/mo

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.

🔥Market Outlook & Sell Window

Strong seller's market — favorable conditions to sell now

* These projections are hypothetical illustrations based on historical trends and local market data. Conservative: 2.0%, Moderate: 3.9%, Aggressive: 4.3%. 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.

⚖️ This analysis is for informational purposes only and does not constitute an appraisal, tax advice, legal advice, or investment advice. The platform and its operators are not acting as appraisers, accountants, attorneys, investment advisers, or tax advisers. Valuations shown are estimates based on publicly available data and automated models — they are not formal appraisals. Financial projections are illustrative and not guaranteed. Always consult with qualified professionals before making any real estate, financial, or tax decisions.
Buddy Blake

Report Generated By

Buddy Blake

Buddy Blake Real Estate

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