2 48th Street, Unit 402
$1,099,000
Price
3
Beds
3
Baths
1,790 Sq. Ft.
$614 / Sq. Ft.
1,790
Sq. Ft.
$614
per Sq. Ft.
Virtual Tour
Virtual Tour
Description
Fantastic opportunity to own in the luxurious Gateway Grand complex in Ocean City, MD. This 3 bedroom 3 bath residence has been recently upgraded with fresh wall paint and a custom tile backsplash. The A-style floorplan offers guest privacy with each bedroom having an attached bathroom. The primary bedroom accesses the outdoor balcony and features ocean views. Step out onto the balcony each morning to watch the everchanging sunrise over the Atlantic Ocean. The Gateway Grand is an amenity rich building...Fantastic opportunity to own in the luxurious Gateway Grand complex in Ocean City, MD. This 3 bedroom 3 bath residence has been recently upgraded with fresh wall paint and a custom tile backsplash. The A-style floorplan offers guest privacy with each bedroom having an attached bathroom. The primary bedroom accesses the outdoor balcony and features ocean views. Step out onto the balcony each morning to watch the everchanging sunrise over the Atlantic Ocean. The Gateway Grand is an amenity rich building offering heating indoor and outdoor pools, a 24/7 fitness center, a kid's club room with video games and board games, conditioned beach storage, multiple owner's lounges, on-site management, on-site maintenance, and on-site security in the evenings. Residence 402 has access to two parking spaces in the controlled access parking garage, which now features 7 electric car chargers. The Gateway Grand will allow you to relax and enjoy your time at the beach without a care or worry. Deeded storage locker #185 conveys with this residence. This residence was in the rental program with Central Reservations and grossed nearly $47,000 in 2022 and $43,500 in 2023 and $49,044.24 in 2024. Some weeks were blocked in 2023 for owner use and it could produce more income if so desired by the new owners. Buyers to honor 2024 rentals.
- Listed by Jonathan M Barker • Keller Williams Realty DelmarvaP: (410)-935-3810 jon@markf.com
- Listed by Grant K Fritschle • Keller Williams Realty DelmarvaP: (410)-430-5880 grant@grantf.com
Property Details for 2 48th Street, Unit 402
Tax ID Number
2410763630
OwnershipCondominium
Condo Coop AssociationYes
HOANo
Entry Floor Number4
Structure TypeUnit/Flat/Apartment
StyleUnit/Flat
Levels/Stories1
LISTING UPDATED: 10/31/2024 01:31 AM
Property Details for 2 48th Street, Unit 402
| Status | Active |
|---|---|
| MLS # | MDWO2026410 |
| Days on Market | 64 |
| Taxes | $10,084 / year |
| HOA Fees | - |
| Condo/Co-op Fees | $922 / month |
| Compass Type | Condo |
| MLS Type | Residential / Condo |
| Year Built | 2008 |
| County | Worcester County |
Building
Gateway Grand
196 Units2 StoriesBuilt in 2008
Virtual Tour
Building Information for 2 48th Street, Unit 402
Property Information for 2 48th Street, Unit 402
Location
Location
- In City Limits: Yes
- Transportation: Bus Stop less than 1 mile
- School District Name: WORCESTER COUNTY PUBLIC SCHOOLS
- School District County ID: 121138066543
- SchoolDistrictSource: Listing Agent
- County: WORCESTER
- MLS Area: Oceanfront Indirect View (81)
- OC Cross Street: 48
Waterfront / Water Access
Waterfront / Water Access
- Water View: Yes
- Water Access: Yes
- Water Oriented: Yes
- Navigable Water: No
- Tidal Water: No
- Water Body Name: Atlantic Ocean
- Water Body Type: Ocean
- Riparian Rights Y/N: No
Association / Community Info
Association / Community Info
- Condo Coop Name: Gateway Grand
- Condo Coop Phone: 410-723-9545
- HOA Condo Coop Mgmt Type: Professional - On-site
- HOA Condo Coop Fee Includes: Common Area Maintenance, Ext Bldg Maint, Health Club, Insurance, Management, Pool(s), Reserve Funds, Water
- HOA Condo Coop Amenities: Common Grounds, Elevator, Exercise Room, Fitness Center, Game Room, Meeting Room, Party Room, Pool - Indoor, Pool - Outdoor, Swimming Pool
- Property Manager Y/N: Yes
- Other Fees: $830
- Other Fees Frequency: One Time
- Senior Community: No
- Capital Contribution Amount: $2,766
- Type of Condo: Condo/Coop Association
Taxes and Assessment
Taxes and Assessment
- Tax Year: 2024
- Tax Assessed Value: $720,467
- Year Assessed: 2024
- County Tax: $6,088
- Improvement Assessed Value: $0
- City Town Tax: $3,188
- Land Assessed Value: $0
- Clean Green Assessed: No
- Municipal Trash: Yes
- Land Use Code: U
- Zoning: RESIDENTIAL
- Zoning Dscrp: Residential Condominium
- Tax Lot: 402
- School Tax: $0
- Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
- Pets Allowed: Yes
- Pet Restrictions: Cats OK, Dogs OK, Number Limit
Rooms
Main
- # Bedrooms Count Main Level: 3
- # Bathrooms Count Main Level: 3
- # Bathrooms Full Main Level: 3
Rooms
- Stories: Main
Financial Information
Financial Information
- Annual Rental Income: $49,000
Building Info
Building Info
- Builder Name: Bovis Lendlease
- Building Level Count: 17
- Building Units Total: 1
- Total Finished SQFT: 1,790.00
- Total Finished SQFT Source: Estimated
- Tax Total Finished SQFT: 1,650.00
- Total SQFT: 1,790.00
- Total SQFT Source: Estimated
- Floors In Unit Count: 1
- Elevators Count: 5
- Main Entrance Orientation: West
- Construction Materials: Concrete, Metal Siding
- Roof: Flat
- Wall and Ceiling Types: Dry Wall
- Common Walls: 2+ Common Walls
- Flooring Type: Carpet, Ceramic Tile
- Foundation Details: Pillar/Post/Pier
- Room and Floor: Bedrooms-Main Level-1, Bedrooms-Main Level-2, Bedrooms-Main Level-3, Bathrooms Full-Main Level-1, Bathrooms Full-Main Level-2, Bathrooms Full-Main Level-3
- # Bathrooms Full: 3
- Other Structure: Above Grade, Below Grade
Lot / Land Information
Lot / Land Information
- Lot Size Dimensions: 0.00 x 0.00
- Lot Dimensions Source: Assessor
- Lot Features: Premium
- Location Type: Oceanblock
- Parcel ID: 5836888
Parking
Parking
- Type Of Parking: Attached Garage, Parking Lot
- Num of Attached Garage Spaces: 2
- Total Garage Spaces: 2
- Parking Features: Electric Vehicle Charging Station(s), Handicap Parking, Lighted Parking, Paved Driveway, Secure Parking, Surface, Unassigned
- Garage Features: Covered Parking
Interior Features
Interior Features
- Interior Features: Carpet, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Crown Moldings, Dining Area, Entry Level Bedroom, Flat, Floor Plan - Open, Pantry, Primary Bath(s), Recessed Lighting, Bathroom - Soaking Tub, Sprinkler System, Bathroom - Tub Shower, Upgraded Countertops, Walk-in Closet(s), WhirlPool/HotTub, Window Treatments
- Fireplace: No
- Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Freezer, Oven/Range - Electric, Refrigerator, Washer
- Accessibility Features: None
- Security Features: Desk in Lobby, Sprinkler System - Indoor
- Door Features: Insulated, Sliding Glass
- Window Features: Insulated, Screens
- Laundry Type: Dryer In Unit, Washer In Unit
- Virtual Tour URL Unbranded: https://my.matterport.com/show/?m=UFbDvCDWAat&brand=0
Exterior Features
Exterior Features
- Exterior Features: Exterior Lighting, Outside Shower, Sidewalks, Underground Lawn Sprinkler
- Outdoor Living Structures: Balcony
- Pool: Yes - Community
- Community Pool Features: Heated, Indoor, In Ground
- Horse: No
Utilities
Utilities
- Utilities: Cable TV Available, Electric Available
- Heating: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Central
- Heating Fuel: Electric
- Hot Water: Electric
- Water Source: Public
- Sewer Septic: Public Sewer
- Electric Service: Circuit Breakers
- Internet Services: Cable
Confidential Data
Listing Office
- List Agent AOR: Coastal Association of REALTORS (MD)
- List Agent URL: www.markf.com/jon-barker
Property History for 2 48th Street, Unit 402
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2 48th Street, Unit 402
Taxable ValueLand-Additions-Total-
Tax Record2023$8,489 ($707 / month)
Home Facts
Beds0Baths3Total Finished SqFt1,650 SqFtAbove Grade Finished SqFt1,650 SqFtStyleCondominiumYear Built2008CountyWORCESTERAPN10-763630
Schools near 2 48th Street, Unit 402
This home is within Worcester County Public Schools.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 4 | |||
| Public - | 5 to 6 | |||
| Public - | 7 to 8 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Ocean City Elementary School PublicPK to 4 | ||
Berlin Intermediate School Public5 to 6 | ||
Stephen Decatur Middle School Public7 to 8 | ||
Stephen Decatur High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.
Listing Courtesy of Keller Williams Realty Delmarva
© 2024 Bright MLS. All rights reserved. All information is deemed reliable, but accuracy is not guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated on 10/31/2024 01:31 AM