Chester County's Malvern was settled by Welsh immigrants in the 1600s, which is why some historians believe the community was named for a town in Worcestershire in the United Kingdom. Real estate on this side of the pond is a pricey investment, with median home listing prices at $650,000 and median closing prices at $513,000. These three can be had well within that range.

25 Laurel Circle, Malvern
$625,000
Monthly taxes: $471
Tell me all about it: We love this carriage house-style three-bedroom home. The floor plan is open and features a terrific vaulted family room, as well as a recently renovated master suite. But the exterior grounds are the real gem here. They feature a private shallow creek, a fire pit area, and preserved woods. Bonus: the second floor of the garage offers plenty of options for a future apartment, studio, or storage space.

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908 Saddlebrook Drive, Malvern
$600,000
Monthly taxes: $698
Tell me all about it: This farmhouse has an 18th century provenance but features plenty of modern updates. We love the in-law suite adjoining the main house, complete with a full kitchen, walk-in fireplace, and even a living room wet bar. The property is being sold as is, and the listing mentions that updates will be required, but we think this historic home is priced to sell.

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1 Horseshoe Lane, Malvern
$569,900
Monthly taxes: $595
Tell me all about it: This three-bedroom Colonial is situated on a 2.4-acre lot and features a circular driveway. We love the screened porch and the two-level deck, which offer plenty of views of the peaceful grounds. Bonus: there is a hot tub tucked on that deck.

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