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231 E SENECA DRIVE
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 9, 2026 | Listed by BHHS Fox & Roach - Hockessin | $475,000 | |
| Listed by BHHS Fox & Roach - Hockessin | |||
| Jul 28, 2026 | Price Decreased |
$499,900
↓ $25K
(4.8%) | |
| Price Decreased | |||
| Jul 17, 2026 | Listed by BHHS Fox & Roach - Hockessin | $525,000 | |
| Listed by BHHS Fox & Roach - Hockessin | |||
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Welcome to 231 E. Seneca Drive, where timeless Colonial architecture meets thoughtful modern updates in one of Newark's most sought-after and convenient locations. Beautifully maintained and extensively improved, this spacious 4 bedroom, 2.5 bath home offers the perfect balance of warmth, functionality, and everyday comfort. A professionally engineered renovation transformed the traditional layout by removing the dividing wall between the living and family rooms, creating the bright, open-concept floor plan today's buyers are searching for. The result is an expansive gathering space filled with natural light that flows effortlessly into the beautifully appointed kitchen featuring granite countertops, abundant cabinetry, generous prep space, updated flooring, and an ideal layout for entertaining or daily living. The true showpiece of the home, however, is the incredible heated and air-conditioned all-season sunroom, a space you'll enjoy every month of the year. Whether you're sipping your morning coffee as the sun rises, hosting family gatherings, reading a book while rain falls outside, or enjoying a quiet evening overlooking the backyard, this remarkable room provides year-round comfort while seamlessly blending indoor and outdoor living. Just beyond, you'll discover one of the property's most captivating features: an extraordinary backyard bursting with mature landscaping, colorful perennial gardens, flowering shrubs, and meticulously maintained outdoor spaces that create a peaceful, private retreat unlike anything else in the neighborhood. Every season brings a new display of blooms, making the gardens a destination all their own and providing exceptional curb appeal from the moment you arrive. Upstairs offers four generously sized bedrooms, including a spacious primary suite complete with a custom walk-in closet organization system and an updated en-suite bath. Additional bedrooms provide flexibility for guests, home offices, or hobbies while the unfinished basement offers exceptional storage and endless future finishing potential. Practical updates provide lasting peace of mind, including replacement tilt-in windows, a 50-year architectural roof (2014), a high-efficiency HVAC system (2016), poured concrete foundation, and an oversized two-car garage offering abundant room for vehicles, storage, and workshop space. Perfectly positioned just minutes from Route 1, I-95, Christiana Hospital, Christiana Mall, the University of Delaware, major employers, parks, shopping, dining, and countless everyday conveniences, this location makes commuting throughout Delaware, Pennsylvania, and Maryland incredibly easy while keeping every amenity close to home. Combining spacious living areas, thoughtful renovations, timeless Colonial design, exceptional outdoor beauty, and an unbeatable Newark location, 231 E. Seneca Drive offers a rare opportunity to own a home that delivers the lifestyle today's buyers are looking for with comfort, convenience, and value that will be appreciated for years to come.
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| Apr 1, 1986 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017