Traditions at Whitehall 55+
For Sale
$587,000
204 BALDY Ln CAYOT MODEL, Middletown, DE 19709
Charming 3-bedroom home in a vibrant active adult community.
Property Size2,004 SF
Lot Size0.18 Acres
Days on Market320
Property Features for 204 BALDY Ln CAYOT MODEL
General Information
Standard status
Active
Size
2,004 SF
Lot size
0.18 Acres
Property subtype
Other
Building Details
Building Size
2,004 SF
Listed By:
Lindsay L Shaffer · License #RS-0022034
(302) 540-5249
Source:
Elliman
Added: Nov 27, 2025
Changed: Oct 10
Last Checked: Oct 12 at 7:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lindsay L Shaffer
Investment Insights
Based on property information with market context.
Located in the desirable 55+ community of Traditions at Whitehall, this charming home features an open concept floor plan designed for one-floor living. The Cayot Model includes three bedrooms, a welcoming dining room, and a great room upon entry. At the rear of the home is the luxurious owner's suite, complete with a walk-in closet and an en-suite bath that includes a 5-foot tile shower. Residents of this active adult community enjoy access to amenities such as a state-of-the-art clubhouse, fitness facilities, swimming pools, walking trails, and a calendar of social events.
Key Highlights
- Located in the desirable 55+ community of Traditions at Whitehall.
- Offers single‑floor living.
- Features a luxurious owner's suite with walk‑in closet and en‑suite bath, including a 5‑foot tile shower.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,982
Cap Rate
3.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$379,640
$379.6K
Cap Rate 7%
$271,171
$271.2K
Cap Rate 9%
$210,911
$210.9K
Market Conditions
NOI Build-Up for 2,004 SF
Gross rent
$36.8K $18.36/SF
− Vacancy
−$2.3K −$1.14/SF
EGI
$34.5K $17.22/SF
− OpEx
−$15.5K −$7.75/SF
NOI
$19.0K $9.47/SF
Area
New Castle County, DE
Vacancy
6.20%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$379,640
Cap Rate 7%
$271,171
Cap Rate 9%
$210,911
Alternative Uses
Best Use
Apartment 5plus
$271.2K
$237.3K – $316.4K
NOI $18,982 @ 7.0% cap · market cap 3.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$479.3K
$419.4K – $559.2K
NOI $33,554 @ 7.0% cap · market cap 5.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
24
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19709, DE
49,599
Population
17,819
Households
2.8
Avg Household Size
39
Median Age
49%
College-Educated
96%
High-School Grad
77.6 sq mi
ZIP Area
639
Density / Sq Mi
$129,971
Median Household Income
$69,505
Median Earnings
$1,571
Median Rent
$444,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Senior housing / Retirement Home - Charming 3-bedroom home in a vibrant active adult community.
Where is this senior housing / retirement home located?
The property is located at 204 BALDY Ln CAYOT MODEL Middletown, DE.
What is the asking price?
The asking price for this property is $587,000.
What are key features of this property?
This property features: Located in the desirable 55+ community of Traditions at Whitehall.; Offers single‑floor living.; Features a luxurious owner's suite with walk‑in closet and en‑suite bath, including a 5‑foot tile shower.
