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2 48Th Street # 402 Ocean City, MD $ 1,099,000
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2 48Th Street # 402
$ 1,099,000
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2 48Th Street # 402

Ocean City, MD, 21842
$ 1,099,000
Bedrooms3 Baths3.0 Sq 1,790

Monthly Estimate*

$ 7,677

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Condo for sale in Ocean City, MD

for $1,099,000 with 3 bedrooms and 3 full baths. This 1,790 square foot condo was built in 2008.

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. 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.

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Condo Active

Price

$ 1,099,000

Bedrooms

3

Full Bath

3

Property Type

Condo

Taxes

$ 8,489

Style

Unit/Flat

Year Built

2008

Town/City

Ocean City

County/Region

Worcester

MLS | Web ID

MDWO2017306
Features
General
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 Soaking Tub S
Sewer Public Sewer
Heating Central
Cooling Central A/C
Utilities Cable TV Available Electric Available
Possession Settlement
Roof Flat
Appliances Built-In Microwave Dishwasher Disposal Dryer Freezer Oven/Range - Electric Refrigerator Washer
Exterior Features Exterior Lighting Outside Shower Sidewalks Underground Lawn Sprinkler
Zoning RESIDENTIAL CONDOMINIUM
Garage Spaces 2.00
Pool Y/N Yes - Community
Association Fee Includes Common Area Maintenance Ext Bldg Maint Health Club Insurance Management Pool(s) Reserve Funds Water
Patio/Porch Features Balcony
Architectural Style Unit/Flat
Security Features Desk in Lobby Sprinkler System - Indoor
Construction Materials Concrete Metal Siding
Exclusions See Inventory Addendum
Year Built 2008
Electric Circuit Breakers
View Bay City Ocean
Levels 1
Other Fees 830.00
Unit Number 402
Tax Year 2023
Percent Ownership Condominium
Cool Fuel Electric
Municipality Ocean City
Building Name Gateway Grand
Accessibility None
HOA Fee 2 922.00
County WORCESTER
New Construction N
Property Type Residential
Association Amenities Common Grounds Elevator Exercise Room Fitness Center Game Room Meeting Room Party Room Pool - Indoor Pool - Outdoor Swimming Pool
HOA / Comm Assn N
Subdivision Name NONE AVAILABLE
Facing Direction West
Garage Y/N Y
Water Access Y/N N
Other Structures Above Grade Below Grade
Total Rooms 10
Status ACTIVE
Directions Coastal Hwy South Left on 48th Street Building oceanfront on Left.
City OCEAN CITY
Buyer Agent Compensation 2.5
Body of Water Atlantic
Disclosures Conserv Area Prop Disclaimer
Other Fees Frequency One Time
Senior Community Y/N N
Zoning Description Residential Condominium
Total Units 1
MLS Area Oceanfront Indirect View (81)
Waterfront Y/N N
Street Name 48TH
HOA Fee 2 Frequency Monthly
Tax Annual Amount 8489.0
Home Warranty Y/N N
Property Condition Excellent
Structure Type Unit/Flat/Apartment
Condo/Coop Association Y/N Y
Bathrooms Full Main Level 3
Bathrooms Count Main Level 3.00
Price Per Sq Ft 613.97
Acceptable Financing Cash Conventional
Community Pool Features Heated Indoor In Ground
Lease Considered Y/N N
Vacation Rental Y/N Y
Virtual Tour https://my.matterport.com/show/?m=b4a8QgBSPex&brand=0
Days on Market 187
Location Type Oceanblock
Builder Name Bovis Lendlease
Standard Status Active
Year Built Source Assessor
Legal Subdivision GATEWAY GRAND
Tax Lot 402
Total Actual Rent 43500.00
Buyer Agent Compensation Type % Of Gross
Federal Flood Zone X
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Interior
Heating Fuel Electric
Flooring Carpet Ceramic Tile
Hot Water Electric
Total Stories 17
Common Walls 2+ Common Walls 2+ Common Walls
Basement (Y/N) N
Heating Y/N Y
Window Features Insulated Screens
Fireplace Y/N N
Above Grade Finished Area 1790
Full Baths 3
Street Suffix STREET
Central Air Y/N Y
Total Bedrooms 3
Below Grade Finished Area 0
Entry Level 4
Main Level Bedrooms 3
Below Grade Finished Area Unit Type Square Feet
Laundry Type Dryer In Unit Washer In Unit
Below Grade Finished Area Source Assessor
Above Grade Finished Area Source Estimated
Above Grade Finished Area Unit Type Square Feet
Total Baths 3
Number of Elevators 5
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Exterior
Parking Features Electric Vehicle Charging Station(s) Handicap Parking Lighted Parking Paved Driveway Secure Parking Surface Unassigned
Lot Features Premium
Water Source Public
Inclusions See Inventory Addendum
Garage Features Covered Parking
Type of Parking Attached Garage Parking Lot
Foundation Details Pillar/Post/Pier
Water View Y/N Y
Lot Dimensions 0.00 x 0.00
Water Body Type Ocean
Door Features Insulated Sliding Glass
Builder Model A
Horse Y/N N
Navigable Water Y/N N
Water Oriented Y/N Y
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Internal Only
Street Number 1 2
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* Excluded Features
List By
Keller Williams Realty Delmarva

Broker

jon@markf.com

Email

Affordability Calculator

$8,384
Per Month
92%
8%
0%
Monthly Principal & Interest
$7,677
Monthly Property Taxes
$707
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3534738 Elementary School
3535750 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/23/2024$1,099,000 -1.79% Price Down
10/27/2023$1,119,000 Listed Price

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2 48Th Street # 402, Ocean City, MD, 21842 is a Condo for sale at $1,099,000 with 1,790 sqft. 2 48Th Street # 402 has 3 bedrooms, 3.0 baths, and was built in 2008. The property's zip code is 21842 which is in Ocean City, MD

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