3 Chelmsford Ct · Marlton, NJ 08053

$275,000

3 bd · 2.0 ba · 1,369 sqft · Condo · 7 Days on market

Built 1987 Poor condition $308/mo HOA · 12% of rent

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Why this score? — see what drove the D- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +11.0/30.0
• ARV discount +7.5/15.0
• 1% rule +4.6/10.0
• Schools +4.5/10.0
• Livability +3.7/5.0
• Rent growth +3.3/5.0
• DSCR +3.2/10.0
• Condition / age +1.0/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to your next home, located on the Oak Hollow neighborhood of Kings Grant in Marlton (Evesham Township). This contemporary condominium features 2 bedrooms (possibly 3), 2 Full Bathrooms, 2 Balconies, and is ready to move in! Main level Living area has Vaulted Ceilings with a Fireplace and Open-Concept. Kitchen. Kitchen includes full appliance package with Refrigerator, Smooth Cook-Top Range and Dishwasher. You will love the private Balcony located just off the living area. Master Bedroom includes a Walk-In Closet and direct access to a Full Bathroom. Convenient 2nd Bedroom with Newer Carpeting is also located on this level, along with a Full Size Washer and Dryer. Did I mention the newer Laminate Flooring in Hallway and Master Bedroom? Make your way up the Spiral Staircase to the generously sized Loft (possible 3rd bedroom?) with Newer Carpeting, 2 Closets, a private Full Bathroom, another Balcony and Huge walk-in Storage Room. Enjoy Walking Trails and all the amenities of this Private Lake Community. Easy access to major roadways, and tons of shopping!

Key facts

• $308 HOA
• Community pool
• Built 1987

Property features AI

Finance

• Other: Unit is one of 1 in the building (single-unit); Finished above-grade area reported by assessor
• Financial info: Lease not considered
• HOA & community: Condo/Coop fee $275 monthly (includes all ground fee, common area maintenance, exterior building maintenance); HOA fee $400 annually; Community amenities include bike trail and lake; Pets allowed with breed restrictions

Exterior

• Parking: Parking lot
• Utilities: Public water; Public sewer; Electric hot water
• Home design: Condominium unit; Garden-style building (1–4 floors); Unit has two floors; Entry on second floor; Unit/flat design; Excellent property condition
• Construction: Stone construction; Shingle roof; Building not winterized; Above- and below-grade structures noted; Estimated year built
• Exterior features: Balcony; Community pool; Not in a federal flood zone

Interior

• Kitchen: Dishwasher; Electric oven/range; Refrigerator; Eat-in kitchen layout
• Bedrooms: Three bedrooms on the main level
• Flooring: Hardwood; Ceramic tile; Carpet
• Bathrooms: Two full bathrooms (both on the main level)
• Heating & cooling: Heat pump(s) for heating; Central air conditioning (electric)
• Interior features: Open floor plan; Eat-in kitchen; Spiral staircase; Walk-in closets; Cathedral ceilings; Drywall walls/ceilings; Carpeted areas; Hardwood flooring; Ceramic tile flooring; One wood-burning fireplace
• Laundry & utility: Stacked washer/dryer in unit; Washer/dryer hookup in unit

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath condo listed at $275k. Condition is rated poor.

Deal economics

• At list price, monthly cash flow is $-115 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $258k (6.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $265k (3.6% below list).
• Recommended offer: $258k (6.0% below list) — sets the bar for cash-flow.
• Cap rate 5.8% vs local median 3.2% in Marlton — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 74/100 on livability (#165 in NJ, #4,364 nationally) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, crime B; Watch: amenities C-, commute F, cost of living F.
• Lenape Regional High School District (suburban): math 34% / reading 60% proficiency, ranked #136 of 472 in NJ (top 29%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Cherokee High School (math 32% / reading 59%, grade D-, #138 of 399 statewide, top 36%, 2,179 students, 10% FRL).
• Market conditions: Rents rising (+3.0%/yr); 187 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals leasing fast (median 2d on market — plan ~1-2 weeks tenant-placement turnaround); high-income renter base; 2,161 units permitted in Burlington County in 2024 (988 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Burlington County population projected to shrink 5% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 9y ago; this cycle's ask is 62% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $170k; list at $275k implies a 62% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 61% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $258,391 (6.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.96% ✗
• Cap rate: 5.79%
• Cash-on-cash: -1.79%
• DSCR: 0.92
• GRM: 8.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.04% rent growth · sell at horizon

5-year hold

• IRR: -19.1%
• Equity multiple: 0.33×
• Total profit: $-51,536
• Equity at exit: $41,003

10-year hold

• IRR: -11.4%
• Equity multiple: 0.31×
• Total profit: $-52,921
• Equity at exit: $23,777

Cash invested: $77,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 21 Tenant-Leaning
• State New Jersey: 21 Tenant-Leaning · D+6
• County: — inherits STATE
• City: — inherits STATE

Anti-eviction Act requires just-cause statewide; rent control in 100+ municipalities; one of the most tenant-friendly states.

Methodology + full state rankings →

ZIP-level market 08053

• Rents YoY: 3.0%
• Active inventory: 187
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $2,650 high
• Mortgage (P&I): −$1,442
• Tax est. 1.5%: −$344 /mo · $4,125/yr
• Insurance: −$115
• HOA: −$308
• Vacancy / Maint / Mgmt: −$557
• Net cashflow: $-115

Break-even live

Break-even rent $2,796

Max offer price $258,391

Occupancy floor 99%

Sensitivity live

Price	-10% $75	-5% $-20	+0% $-115	+5% $-210	+10% $-305
Rent	-10% $-324	-5% $-219	+0% $-115	+5% $-10	+10% $95
Rate	-1.0pp $24	-0.5pp $-45	base $-115	+0.5pp $-186	+1.0pp $-259

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $68,750
• Closing costs: $8,250
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2 Summit Ct Marlton, NJ	2.0	2.0	995	$2,200	$2.21	17d	1	0.03mi
17 Chelmsford Ct Marlton, NJ	2.0	2.0	995	$2,350	$2.36	2d	1	0.08mi
60 Summit Ct Marlton, NJ	2.0	2.0	1112	$2,200	$1.98	2d	1	0.08mi
15 Queen Anne Ct Marlton, NJ	3.0	1.5	1697	$2,895	$1.71	2d	1	0.14mi
17 Bridgewater Dr Marlton, NJ	2.0	2.0	995	$2,200	$2.21	13d	1	0.15mi
20 Queen Anne Ct Marlton, NJ	3.0	2.5	1756	$2,800	$1.59	6d	1	0.17mi
13 Five Crown Royal Marlton, NJ	3.0	2.5	1496	$2,850	$1.91	2d	1	0.26mi
67 Dorchester Cir Marlton, NJ	3.0	1.5	1132	$2,695	$2.38	2d	1	0.29mi
89 Dorchester Cir Marlton, NJ	3.0	2.5	1360	$2,600	$1.91	2d	1	0.34mi

HOA detail condo

• Monthly dues: $308 · $3,696/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 15 events

1. 2026-06-18
   days on market $275,000 Active 7 DOM
2. 2026-06-17
   days on market $275,000 Active 6 DOM
3. 2026-06-16
   days on market $275,000 Active 5 DOM
4. 2026-06-15
   days on market $275,000 Active 4 DOM
5. 2026-06-13
   days on market $275,000 Active 2 DOM
6. 2026-06-13
   remarks 687-char remark
7. 2026-06-13
   statusdays on market $275,000 Active 1 DOM
8. 2026-06-09
   days on market $275,000 Coming Soon 11 DOM
9. 2026-06-08
   days on market $275,000 Coming Soon 10 DOM
10. 2026-06-07
    days on market $275,000 Coming Soon 9 DOM
11. 2026-06-04
    days on market $275,000 Coming Soon 6 DOM
12. 2026-06-03
    days on market $275,000 Coming Soon 5 DOM
13. 2026-06-02
    days on market $275,000 Coming Soon 4 DOM
14. 2026-06-01
    days on market $275,000 Coming Soon 3 DOM
15. 2026-05-31
    days on market $275,000 Coming Soon 2 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥104°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 61% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $31,803
• − Mortgage interest: −$15,404
• − Property taxes: −$4,125
• − Insurance: −$1,375
• − Repairs & maintenance: −$2,544
• − Management: −$2,544
• − HOA: −$3,696
• − Depreciation: −$8,000
• Taxable loss: −$5,886
• Est. tax savings @ 24.0%: +$1,413
• After-tax cash flow: $35/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 1 photo

Poor 20/100 Extensive rehab

This property requires extensive repairs and maintenance, including exterior and interior painting, kitchen and bathroom updates. Significant value can be added through these improvements, making it a good investment opportunity.

Repairs flagged

• Major exterior siding — Significant wear and tear
• Major exterior paint — Peeling and chipping
• Major roof — No visible damage, but not inspected

Value-add opportunities

• Both repair and paint exterior — Enhances curb appeal and value
• Both repair and paint interior — Improves living space and value
• Both repair and replace kitchen appliances — Modernizes and increases value
• Both repair and replace bathrooms — Enhances functionality and value

Renovation cost estimate screening

Repair item	Severity	Est. cost
exterior siding · Significant wear and tear	Major	$15,000–50,000
exterior paint · Peeling and chipping	Major	$15,000–50,000
roof · No visible damage, but not inspected	Major	$15,000–50,000
Total estimated repair cost · 3 items		$45,000–150,000

Value-add ROI direction

• Both repair and paint exterior — Enhances curb appeal and value ↑
• Both repair and paint interior — Improves living space and value ↑
• Both repair and replace kitchen appliances — Modernizes and increases value ↑
• Both repair and replace bathrooms — Enhances functionality and value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Lenape Regional High School District
• NCES district ID: 3408490
• Math proficiency: 34% ▼ -2.00%
• Reading proficiency: 60% ▼ -5.00%
• Median HH income: $98,739
• Composite: 44.86/100
• National rank: #2724
• State rank: #136 of 472 in NJ

Livability — Marlton

• Score: 74/100
• State rank: #165
• US rank: #4364

Category grades

Amenities C- Commute F Cost of living F Crime B Employment A+ Housing A+ Health & safety B- User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Burlington County · 323,710 people
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• Population (ZIP): 48,179
• Household income: $118,670
• Rent vs Own: 27.8% rent · 72.2% own
• Severe rent burden: 1512.0

Population outlook (Burlington County) Hauer SSP2

• Today (2025): 453,425 people
• By 2030: 452,359 · -0.2%
• By 2040: 445,033 · -1.9%
• By 2050: 431,760 · -4.8%
• By 2075: 406,277 · -10.4%
• By 2100: 364,732 · -19.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (78%)
• Race & ethnicity: White 78% Asian 8% Hispanic / Latino 6% Two or more races 6% Black 5%
• Hispanic origin (detail): Puerto Rican 2%
• Common ancestry: Romanian 7% Scotch-Irish 2% Lithuanian 1%
• Foreign-born: 9% · Canada, China, South Korea
• Languages at home: 90% English-only · Other Indo-European 3% Spanish 2% Other Asian/Pacific 2%

Political lean MEDSL · Burlington

• 2024 margin: D (+16.6) · D 57.6% · R 41.0% · Other 1.3%
• 2008→2024 swing: -2.0pp toward R · 2008: 18.6pp · 2024: 16.6pp
• All cycles: 2024: D+16.6 2020: D+19.5 2016: D+14.8 2012: D+18.7 2008: D+18.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -363.01%
• Current HPI: 311.8655
• Rent YoY: ▲ 3.04%
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• State GDP YoY: ▲ 2.05%
• F500 in state: 34

Industry mix (Fortune 500 HQ in NJ)

Industry	F500 HQs	Revenue
▸Consumer Goods	3	$31B
▸Pharmaceuticals	2	$153B
▸Technology	2	$21B
▸Insurance	2	$20B
▸Healthcare	2	$19B
▸Financial Services	1	$70B

Price history

+77.5% since first listed

6 events — show timeline

• 2026-05-29 Coming Soon $275,000 BRIGHT MLS
• 2020-12-30 Sold (MLS) $170,000 BRIGHT MLS
• 2020-11-10 Pending — BRIGHT MLS
• 2020-11-05 Contingent — BRIGHT MLS
• 2020-10-29 Listed $170,000 BRIGHT MLS
• 2017-09-27 Listed $154,900 BRIGHT MLS