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Street view of 1920 Wrightsville Ave, Wilmington, NC 28403

1920 Wrightsville Ave, Wilmington, NC 28403

Estimated Market Value

$0
Range: $412,699 - $494,332
Zillow Zestimate®: $451,900
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Valuation Comparison

Our Estimate
$453,103
Range: $412,699 - $494,332
Zillow Zestimate®View on Zillow
$451,900
Range: $429,305 - $479,014
30-Day Trend
+$613(0.1%)

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

3Beds
1Bath
1,223SqFt
1930Built

AI Property Analysis

This charming single-family home, located at 1920 Wrightsville Ave in Wilmington, NC, offers 1223 square feet of comfortable living space, all efficiently laid out on one story. Built in 1930, this residence presents a classic brick veneer exterior, hinting at its enduring character. Inside, the home features three well-proportioned bedrooms and one full bathroom, providing a functional layout suitable for various lifestyles. Modern comforts such as central air conditioning, a heat pump, and a cozy fireplace ensure a comfortable living environment year-round. The property sits on a practical 0.13-acre lot, encompassing approximately 5663 square feet, designed for enjoyable outdoor living. It boasts both an enclosed porch and an open porch, offering versatile spaces for relaxation, entertaining, or simply appreciating the Wilmington climate. A dedicated utility building provides additional storage or potential for a workshop. Positioned within an R-5 residential zoning district, the property maintains its single-family residential charm within an established neighborhood. Having been last acquired in September 2022, this home represents a well-maintained piece of local history, ready for its next chapter. While its 1930 build year offers a glimpse into Wilmington's past, its good condition and desirable features mean it's ready for immediate occupancy. For those looking to personalize their space, the robust existing structure and lot offer an excellent foundation for future updates, allowing new owners to infuse their own style while enjoying a prime location.

Capital Gains Tax Analysis

Section 121 Primary Residence Exemption Analysis

Total Potential Taxable Gain
$51,603
Based on estimated value of $453,103 minus purchase price of $401,500
Based on public records, this property has been owned for approximately 4.0 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:$51,603
Capital Gains Rate:20%
Potential Tax Savings:$10,321

Married Filing Jointly

Up to $500K Exclusion

Protected Amount:$51,603
Capital Gains Rate:20%
Potential Tax Savings:$10,321

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:$98,855

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$275,175
Investor Quick-Sale Est.$297,143
Monthly Rental Est.$2,945/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 Return3.1%Compound growth rate
Historical Average3.5%Long-term US average
Above-Average Growth+$0Growth above historical 3.5% baseline

Your home has appreciated at 3.1% 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. Past performance does not guarantee future results.


What Could Your Equity Do?

If you sold today and invested your $98,855 equity in the S&P 500, in 10 years it could grow to $256,404 — compared to an estimated $337,005 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)$151/mo
Maintenance (1% est)$378/mo
Opportunity Cost (5% est)$412/mo
Total Monthly Holding Cost$941/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 $941/month. This includes an estimated $412/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
⚖️ Moderate

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

Your Neighborhood

Nestled in vibrant Wilmington, living here means embracing the quintessential coastal North Carolina lifestyle, with easy access to pristine beaches, a bustling historic downtown riverfront, and a fantastic culinary scene. Families will appreciate being part of the highly-regarded New Hanover County Schools district, and the local community exudes a friendly, established vibe that truly feels welcoming. In today's dynamic market, homeowners in this desirable Wilmington pocket are experiencing robust demand and consistent equity growth, making it an opportune time to both settle down and invest in this wonderful area.

Market Trend Projections

1 Year Forecast$468,010Range: $460K - $469K
3 Year Forecast$499,311Range: $474K - $502K
5 Year Forecast$532,706Range: $489K - $538K

Estimated Monthly Equity Gain
+$1,242/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

Stable market — no urgency, but conditions are fair

* These projections are hypothetical illustrations based on historical trends and local market data. Conservative: 1.5%, Moderate: 3.3%, 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.

⚖️ 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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