On the market: Three homes under $500,000 in one of Chester County's top school districts

Chester County's Malvern Borough boasts William Penn-era history, the renowned Wharton Esherick Studio and some of the commonwealth's best high schools. Great Valley High School was recently ranked 10th among high school in Pennsylvania by U.S. News & World Report. Not surprisingly, real estate there comes at a premium: The median sales price is a hair under $500,000. These three homes in the Great Valley catchment area can be had for less than that.

12 Fahnestock Road
$479,000
Monthly taxes: $398
Tell me all about it: This five-bedroom home has been recently remodeled and could be mistaken for brand new. We love the entirely new kitchen, which includes granite countertops and stainless-steel appliances. The home features a wide front porch as well as a Trex deck out back. Inside, the master suite includes a walk-in closet as well as an en-suite bath with dual sinks.

9 Diane Drive
$399,999
Monthly taxes: $351
Tell me all about it: This four-bedroom Cape Cod is newly built and offers an open floor plan. We love the cherry cabinetry in the kitchen and can easily imagine owners converting the basement — industrially finished for now — into additional living space. The oversized two-car garage offers plenty of options, too.

2078 Bodine Road
$439,000
Monthly taxes: $374
Tell me all about it: This four-bedroom home features a recently updated, eat-in kitchen as well as new windows and updated mechanicals. The hardwood floors have been refinished, and the garage doors have been replaced. Call us intrigued about the listing's mention of a "neat hidden room" off one of the bedrooms.