This address denotes a specific property located within Marlton, New Jersey. Such designations serve as unique identifiers for properties within a given municipality, facilitating mail delivery, navigation, and property identification for legal and administrative purposes. They function as a critical component of a structured addressing system essential for modern society.
Precise location information plays a vital role in numerous aspects of daily life. It allows for efficient emergency service response, facilitates commerce and delivery services, and enables clear communication regarding property ownership and boundaries. Historically, address systems have evolved from less formal methods to the standardized formats utilized today, contributing significantly to urban planning and development. The ability to pinpoint a specific location contributes to a more organized and functional society.
Further exploration into the specifics of Marlton, New Jersey, its property market dynamics, and the broader context of address systems in the United States offers valuable insights. Examining these related areas can provide a more comprehensive understanding of the significance of specific property locations like this one.
1. Location
Location significantly influences a property’s value and desirability. Understanding the location of 112 Crown Princess Drive in Marlton, New Jersey, requires examining several key facets.
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Geographic Position
Marlton is situated within Evesham Township in Burlington County, New Jersey. This geographic positioning places it within a specific region of the state, influencing climate, proximity to major cities like Philadelphia, and access to transportation networks.
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Neighborhood Context
The specific neighborhood surrounding 112 Crown Princess Drive contributes to its character. Factors such as neighborhood demographics, crime rates, and the presence of homeowner associations can significantly impact the property’s appeal.
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Accessibility
Accessibility encompasses proximity to major roadways, public transportation options, and airports. Ease of access to employment centers, shopping districts, and recreational facilities contributes to the convenience and desirability of a location.
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Local Amenities
The availability of local amenities, such as schools, parks, healthcare facilities, and shopping centers, contributes significantly to the quality of life in a given area. The proximity of these amenities to 112 Crown Princess Drive influences its overall appeal.
These facets, when considered together, provide a comprehensive understanding of the location of 112 Crown Princess Drive in Marlton, New Jersey. This detailed perspective contributes to a more informed assessment of the property’s overall value and suitability for various needs. Evaluating a property’s location necessitates considering its broader geographic context, immediate neighborhood characteristics, accessibility, and the availability of essential amenities.
2. Property Type
Establishing the property type associated with 112 Crown Princess Drive, Marlton, NJ, is fundamental to understanding its characteristics, potential use, and market value. Different property types cater to diverse needs and have distinct legal and financial implications. Accurate classification is essential for property appraisal, insurance, and any potential transactions.
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Residential Classification
Classifying the property as residential determines its suitability for primary or secondary housing. Residential properties can further be categorized into single-family homes, townhouses, condominiums, or multi-family dwellings. Each subtype has specific characteristics related to ownership, maintenance responsibilities, and community regulations. Determining the precise residential classification of 112 Crown Princess Drive is crucial for potential buyers or investors.
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Structural Attributes
Structural attributes define the physical characteristics of the property, including its size, architectural style, and construction materials. These details inform potential buyers about the property’s layout, condition, and potential maintenance requirements. Knowledge of these attributes allows for a more accurate assessment of the property’s value and suitability for specific needs.
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Land Use Designations
Land use designations dictate how the property and surrounding land can be utilized. Zoning regulations specify permitted uses, such as residential, commercial, or mixed-use. These regulations impact the property’s development potential and its long-term value. Understanding the applicable land use designations for 112 Crown Princess Drive is critical for any future development plans.
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Legal Description and Ownership
The legal description precisely defines the property’s boundaries and location within the official records. Ownership information identifies the current owner and any associated encumbrances or liens. This information is essential for verifying legal ownership and conducting due diligence during property transactions.
Accurate identification of the property type for 112 Crown Princess Drive in Marlton, New Jersey is essential for any property-related decisions. This categorization provides a foundation for understanding its characteristics, market value, and potential use. Combining the property type information with an analysis of its location offers a more comprehensive understanding of its position within the local real estate landscape.
3. Market Value
Market value, representing the estimated price a property would command in a competitive and open market, constitutes a critical factor for any real estate transaction. Understanding the market value of 112 Crown Princess Drive, Marlton, NJ, requires a multifaceted analysis encompassing recent sales data, property characteristics, and prevailing market conditions.
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Comparative Market Analysis (CMA)
A CMA utilizes recent sales data of comparable properties in the vicinity to estimate the subject property’s value. Factors considered include property size, age, condition, features, and location. A thorough CMA provides a data-driven estimate of the potential market value for 112 Crown Princess Drive, serving as a benchmark for pricing decisions.
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Property-Specific Features
Unique features of the property, such as upgrades, renovations, or desirable amenities, can influence its market value. For example, a recently renovated kitchen or a finished basement might increase the perceived value compared to similar properties without these features. Accurately assessing the contribution of these features is crucial for determining a realistic market value.
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Prevailing Market Conditions
Current market dynamics, including supply and demand, interest rates, and economic trends, play a significant role in determining market value. A seller’s market, characterized by high demand and low supply, typically drives prices upward, while a buyer’s market can exert downward pressure on values. Understanding the prevailing market conditions in Marlton, NJ, is essential for accurately assessing the market value of 112 Crown Princess Drive.
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Property Appraisals
Professional appraisals conducted by licensed appraisers provide an independent and objective assessment of market value. Appraisers utilize established methodologies and data analysis to arrive at a reasoned estimate. A formal appraisal offers a reliable valuation of 112 Crown Princess Drive, especially for financial transactions like mortgages or insurance purposes.
Synthesizing these elementsCMA data, property-specific attributes, market trends, and professional appraisalsprovides a comprehensive understanding of the market value for 112 Crown Princess Drive, Marlton, NJ. This understanding is crucial for buyers, sellers, and investors to make informed decisions in the real estate market. Accurate market valuation ensures fair pricing, facilitates successful transactions, and contributes to a stable and transparent property market.
4. Neighborhood
Neighborhood context significantly influences the character and value of a property like 112 Crown Princess Drive, Marlton, NJ. A neighborhood represents more than just geographic proximity; it encompasses shared community characteristics, local amenities, and a sense of place. Understanding this interconnectedness is crucial for evaluating a property’s overall desirability and potential.
Several factors contribute to defining a neighborhood’s character. Demographics, including age distribution, income levels, and family sizes, shape the social fabric. The presence of homeowner associations can influence property maintenance standards and community regulations. Crime rates, school quality, and proximity to parks and recreational facilities directly impact quality of life. For example, a neighborhood with highly-rated schools and abundant green spaces might appeal to families, while a neighborhood with convenient access to public transportation and a vibrant nightlife might attract young professionals. The specific characteristics of the neighborhood surrounding 112 Crown Princess Drive contribute significantly to its appeal and market value.
Furthermore, the neighborhood’s evolution over time can impact property values. Improvements in infrastructure, the development of new amenities, or positive shifts in demographics can enhance desirability. Conversely, economic downturns or increases in crime rates can negatively affect property values. Analyzing historical trends and projected developments in the neighborhood surrounding 112 Crown Princess Drive provides valuable insights for long-term investment decisions. Understanding the dynamics of a neighborhood, its characteristics, and its potential trajectory, allows for a more comprehensive assessment of a property’s current and future value within its specific context.
5. School District
The assigned school district for 112 Crown Princess Drive, Marlton, NJ, significantly influences the property’s desirability, particularly for families with school-aged children. School district quality often correlates with property values, reflecting the importance placed on education. Understanding the specifics of the associated school district provides crucial information for prospective homeowners.
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District Performance
Academic performance metrics, including standardized test scores, graduation rates, and college acceptance rates, provide quantifiable measures of a school district’s effectiveness. These metrics offer insights into the overall quality of education provided within the district serving 112 Crown Princess Drive. Access to this data enables informed comparisons with other districts and empowers families to make educated decisions.
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School Boundaries
Clearly defined school boundaries determine which specific schools serve a particular address. Confirming that 112 Crown Princess Drive falls within the desired school attendance zones is essential. Variances or exceptions to these boundaries can exist, requiring careful verification with the local school administration to ensure accurate information.
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Educational Programs and Resources
The availability of specialized programs, extracurricular activities, and resources impacts the educational experience. Factors such as class sizes, teacher-student ratios, and access to technology and libraries contribute to the overall quality of education. Understanding the specific programs and resources available within the district serving 112 Crown Princess Drive allows families to assess its suitability for their children’s individual needs and interests.
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Community Involvement and Reputation
Parental involvement, community support, and the overall reputation of a school district contribute to its effectiveness. Active parent-teacher associations, community engagement in school activities, and a positive reputation within the community can enhance the educational environment. Researching the level of community involvement and the overall perception of the school district associated with 112 Crown Princess Drive offers valuable qualitative insights beyond academic metrics.
The quality and characteristics of the assigned school district represent a key factor in evaluating the overall desirability of 112 Crown Princess Drive. For families, understanding the district’s performance, boundaries, programs, and community involvement provides critical information for making informed decisions about their children’s education. This information, combined with an understanding of the property’s other attributes, contributes to a comprehensive assessment of its suitability for prospective homeowners.
6. Amenities
Amenities, encompassing features that enhance convenience, comfort, and lifestyle, play a significant role in determining the desirability and market value of a property such as 112 Crown Princess Drive, Marlton, NJ. These features can be categorized into on-site amenities, located within the property itself, and off-site amenities, available in the surrounding neighborhood and community. The interplay between these categories contributes significantly to the overall appeal of a property.
On-site amenities for a residential property like 112 Crown Princess Drive might include a swimming pool, a garage, a modern kitchen, or a landscaped yard. These features directly contribute to the property’s functionality and enjoyment for its residents. Off-site amenities encompass access to nearby parks, shopping centers, restaurants, healthcare facilities, and cultural attractions. The availability and quality of these off-site amenities significantly influence the overall quality of life associated with a particular location. For example, proximity to highly-rated schools, well-maintained parks, and diverse dining options enhances a property’s appeal, particularly for families. Conversely, limited access to essential services or a lack of recreational opportunities can detract from a property’s desirability. The specific combination of on-site and off-site amenities associated with 112 Crown Princess Drive directly impacts its perceived value and its suitability for various lifestyles.
Understanding the range and quality of amenities available in relation to 112 Crown Princess Drive, Marlton, NJ, provides valuable insights for prospective buyers and investors. Analyzing the interplay between on-site features and the surrounding community’s offerings allows for a comprehensive assessment of the property’s overall appeal. This understanding contributes to informed decision-making in the real estate market, aligning property choices with individual needs and preferences. Evaluating amenities involves considering their accessibility, quality, and relevance to potential residents, contributing to a comprehensive understanding of a property’s value proposition within its specific context.
7. Property Taxes
Property taxes represent a significant recurring cost associated with property ownership, directly impacting the overall financial implications of owning a property like 112 Crown Princess Drive, Marlton, NJ. Understanding the factors influencing property tax calculations, the allocation of these funds, and their potential impact on affordability is crucial for prospective buyers and current homeowners. Property taxes fund essential local services and contribute significantly to the financial health of the municipality.
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Assessment and Millage Rates
Property taxes are calculated based on the assessed value of the property and the local millage rate. The assessed value, determined by the municipality’s assessor, represents a portion of the property’s market value. The millage rate, expressed as dollars of tax per $1,000 of assessed value, varies by municipality and reflects local budgetary needs. For 112 Crown Princess Drive, understanding the current assessed value and applicable millage rate is essential for accurate tax projections.
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Local Government Services
Property tax revenues primarily fund essential local services, including public education, police and fire protection, road maintenance, and public libraries. The allocation of these funds directly impacts the quality and availability of these services within the community surrounding 112 Crown Princess Drive. Understanding how property taxes contribute to local services provides insights into the value received in exchange for these tax payments.
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Tax Exemptions and Deductions
Certain exemptions and deductions can reduce the overall property tax burden. These may include exemptions for senior citizens, veterans, or properties with specific designations. Deductions for mortgage interest and property taxes can also reduce federal income tax liability. Determining the eligibility for any applicable exemptions or deductions related to 112 Crown Princess Drive can significantly impact the overall cost of ownership.
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Impact on Affordability
Property taxes constitute a significant component of the overall cost of homeownership. High property taxes can impact affordability, particularly for buyers with limited budgets. Understanding the property tax burden associated with 112 Crown Princess Drive, in relation to other expenses like mortgage payments and insurance, allows for a realistic assessment of its affordability. Comparing property tax rates across different municipalities can inform decisions about location and housing choices.
Property taxes represent a crucial element of property ownership at 112 Crown Princess Drive, Marlton, NJ. Analyzing assessed values, millage rates, the allocation of tax revenues, and potential exemptions provides a comprehensive understanding of the property tax landscape. This understanding, combined with an assessment of other financial factors, enables informed decisions about the true cost of owning a property and its long-term affordability.
8. Local Services
Local services constitute essential components contributing to the quality of life and property values associated with specific addresses, such as 112 Crown Princess Drive, Marlton, NJ. These services, encompassing public utilities, public safety, infrastructure maintenance, and community resources, represent key considerations for prospective residents and homeowners. The availability, quality, and accessibility of local services directly impact the desirability and functionality of a given location.
The proximity and quality of local services directly influence the appeal of 112 Crown Princess Drive. Efficient waste management and reliable water and sewer services represent fundamental necessities for comfortable living. Effective police and fire departments contribute to a sense of security and safety. Well-maintained roads and public transportation options ensure convenient access to employment centers, shopping districts, and other essential destinations. Access to quality healthcare facilities, libraries, and community centers further enhances the overall quality of life. For instance, a property located near a highly-rated fire station benefits from faster response times in emergencies, while proximity to well-maintained parks and recreational facilities provides opportunities for leisure and community engagement. These factors collectively contribute to the desirability and market value of a property like 112 Crown Princess Drive.
Understanding the availability and quality of local services associated with a specific address provides valuable insights for individuals evaluating properties. Researching local service providers, reviewing community feedback, and analyzing municipal service reports allows for informed assessments. This information contributes to a comprehensive understanding of the property’s context within the broader community and enables informed decisions aligned with individual needs and preferences. The interplay between local services and property values underscores the importance of considering these factors when evaluating real estate investments and making decisions about community living.
Frequently Asked Questions
This FAQ section addresses common inquiries regarding properties like the one located at 112 Crown Princess Drive, Marlton, NJ. Understanding these key aspects contributes to informed decision-making in the real estate market.
Question 1: How does one determine the appropriate market value of a property?
Market value is typically assessed through comparative market analysis (CMA), considering recent sales of similar properties, property-specific features, and prevailing market conditions. Professional appraisals provide independent valuations.
Question 2: What factors influence property tax rates?
Property taxes are based on the assessed value of a property and the local millage rate, which varies by municipality and reflects local budgetary needs. Exemptions and deductions may apply, impacting the final tax burden.
Question 3: What is the significance of a propertys school district?
School district quality, measured by academic performance, available programs, and community involvement, often correlates with property values and significantly influences desirability, particularly for families.
Question 4: How do local amenities impact property desirability?
Amenities, both on-site (e.g., swimming pool, garage) and off-site (e.g., parks, shopping centers), enhance convenience and lifestyle, directly impacting a property’s appeal and potential market value.
Question 5: What constitutes due diligence in a real estate transaction?
Due diligence involves thorough research and verification of information regarding a property, including title searches, property inspections, and reviews of relevant legal documents, ensuring informed decision-making.
Question 6: How does location influence the long-term value of a property?
Location significantly impacts long-term value. Factors like accessibility, proximity to amenities, neighborhood demographics, and projected development influence a property’s appreciation potential over time.
Careful consideration of these factors provides a comprehensive understanding of property ownership implications. Due diligence, informed decision-making, and awareness of market dynamics are essential for successful real estate transactions.
Further research and consultation with real estate professionals can provide additional insights tailored to specific property considerations.
Essential Considerations for Property Evaluation
Evaluating a property requires careful consideration of various factors to make informed decisions. The following tips offer valuable insights for navigating the complexities of real estate assessments, exemplified by a property located at an address like 112 Crown Princess Drive, Marlton, NJ.
Tip 1: Prioritize Location Analysis:
Thoroughly research the property’s location, considering proximity to employment centers, schools, amenities, transportation, and neighborhood demographics. Assess the area’s growth potential and its alignment with long-term goals.
Tip 2: Conduct Comprehensive Property Research:
Obtain detailed information about the property, including its type, size, age, condition, and any recent renovations or upgrades. Review property records for legal descriptions, ownership history, and any potential encumbrances.
Tip 3: Analyze Market Dynamics:
Understand the prevailing market conditions, including supply and demand trends, interest rates, and recent sales data for comparable properties. This analysis provides context for evaluating property values and negotiating fair prices.
Tip 4: Assess Financial Implications:
Carefully evaluate the financial aspects of property ownership, including mortgage rates, property taxes, insurance costs, and potential maintenance expenses. Develop a realistic budget to determine affordability and long-term financial sustainability.
Tip 5: Engage Qualified Professionals:
Consult with experienced real estate agents, appraisers, inspectors, and legal professionals to gain expert insights and navigate complex processes. Professional guidance ensures informed decisions and minimizes potential risks.
Tip 6: Consider Long-Term Goals:
Align property decisions with long-term goals, considering factors such as future family needs, investment potential, and potential resale value. A long-term perspective guides strategic property selection and maximizes value over time.
Tip 7: Conduct Thorough Due Diligence:
Prior to any transaction, conduct thorough due diligence, including title searches, property inspections, and reviews of relevant legal documents. This process safeguards against potential issues and ensures informed decision-making.
By carefully considering these tips, individuals can navigate the complexities of property evaluation and make informed decisions aligned with their specific needs and goals. These considerations facilitate successful real estate transactions and contribute to long-term satisfaction with property investments.
These considerations provide a framework for evaluating properties. The subsequent conclusion synthesizes these elements into a final perspective.
Conclusion
This exploration of the property located at 112 Crown Princess Drive, Marlton, NJ, has provided a comprehensive overview of key factors influencing its value and desirability. From its geographic location within Marlton and the surrounding neighborhood context to the specifics of the property type, market value, and assigned school district, each element contributes to a complete understanding of this particular property. Furthermore, the analysis of local amenities, property taxes, and available services offers valuable insights into the practical aspects of ownership and residency within this specific community.
Ultimately, the value of a property extends beyond its physical attributes. It represents an investment in a community, a lifestyle, and a future. Thorough research, careful consideration of individual needs, and a comprehensive understanding of the local context are essential for making informed decisions in the real estate market. By considering these factors, individuals can confidently navigate the complexities of property acquisition and ownership, ensuring long-term satisfaction and successful investment outcomes.
