Traditions At Whitehall: Chelsea
For Sale
$688,893
548 LONGHORN Loop LOT 33 CHELSEA, Middletown, DE 19709
New 55+ community home with clubhouse and modern amenities.
Property Size2,296 SF
Lot Size0.18 Acres
Days on Market313
Property Features for 548 LONGHORN Loop LOT 33 CHELSEA
General Information
Standard status
Active
Size
2,296 SF
Lot size
0.18 Acres
Property subtype
Other
Building Details
Building Size
2,296 SF
Year Built
2025
Listed By:
Lindsay L Shaffer · License #RS-0022034
(302) 540-5249
Source:
Elliman
Added: Nov 28, 2025
Changed: Sep 23
Last Checked: Oct 5 at 7:31PM
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.
The Chelsea model home is located within the 55+ community of Traditions At Whitehall. Scheduled for delivery in Fall 2025, this residence features 3 bedrooms and 2 bathrooms. The open-concept floor plan includes a spacious foyer, 9 ft ceilings, a formal dining area, and a large great room with a fireplace. An additional sunroom flows into the kitchen, creating an ideal space for entertaining. The owner's suite includes a large walk-in closet and an en-suite bathroom with a double vanity and standard tile shower. The gourmet kitchen is equipped with stainless steel appliances, granite countertops, and a large island. Residents have access to community amenities such as a clubhouse, fitness center, swimming pool, and walking trails, along with various social activities. The home also includes a 2-car garage, offering low-maintenance living.
Key Highlights
- New Construction in 55+ Community, with a Fall 2025 Delivery in Traditions At Whitehall.
- Enjoy the open‑concept floor plan featuring 3 bedrooms, 2 baths, a spacious foyer, 9 ft ceilings, formal dining area, and large great room.
- Gourmet Kitchen with stainless steel appliances, granite countertops, and large island.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,748
Cap Rate
3.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$434,960
$435.0K
Cap Rate 7%
$310,686
$310.7K
Cap Rate 9%
$241,644
$241.6K
Market Conditions
NOI Build-Up for 2,296 SF
Gross rent
$42.2K $18.36/SF
− Vacancy
−$2.6K −$1.14/SF
EGI
$39.5K $17.22/SF
− OpEx
−$17.8K −$7.75/SF
NOI
$21.7K $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%
$434,960
Cap Rate 7%
$310,686
Cap Rate 9%
$241,644
Alternative Uses
Best Use
Apartment 5plus
$310.7K
$271.9K – $362.5K
NOI $21,748 @ 7.0% cap · market cap 3.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$549.2K
$480.5K – $640.7K
NOI $38,443 @ 7.0% cap · market cap 5.58%
Zoning and permitted uses should be independently verified with authorities.
Property 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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Senior housing / Retirement Home - New 55+ community home with clubhouse and modern amenities.
Where is this senior housing / retirement home located?
The property is located at 548 LONGHORN Loop LOT 33 CHELSEA Middletown, DE.
What is the asking price?
The asking price for this property is $688,893.
What are key features of this property?
This property features: New Construction in 55+ Community, with a Fall 2025 Delivery in Traditions At Whitehall.; Enjoy the open‑concept floor plan featuring 3 bedrooms, 2 baths, a spacious foyer, 9 ft ceilings, formal dining area, and large great room.; Gourmet Kitchen with stainless steel appliances, granite countertops, and large island.
