It comes boxed with all the original packaging, including unused charger and cable and is in excellent condition with only a few small marks on the screen, only visible when turned off and you catch the light in the right (wrong?!) direction. There are no marks on the back.
Also included is a full leather Apple smart cover, which has earned it’s money and as such, does show some signs of wear, but is still in good overall condition.
It has, of course, been factory reset and erased but prior to doing so updated to the latest iOS, version 14.0.1