Water Views
Address
2 48Th Street # 402, Ocean City, MD
Price
$ 1,099,000
Property Attributes
- MLS#MDWO2017306
- TypeCondos
- CountyWORCESTER
- CityOcean City
- AreaOceanfront Indirect View
- Zip21842
- StyleUnit/Flat
- Year Built2008
- Taxes$ 8489
- Price$ 1,099,000
- Bedrooms3
- Full Bathrooms3
- Half Bathrooms0
- Sqr Footage1790
Data Source:
Bright MLS
Property 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 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.
| Price History | |
|---|---|
| 10/27/2023 | Listed $1,119,000 |
| 2/23/2024 | 2% - $1,099,000 |
General 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,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 |
| Building Name | Gateway Grand |
| Accessibility | None |
| HOA Fee 2 | 922.00 |
| County | WORCESTER |
| New Construction | No |
| 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 | No |
| Subdivision Name | NONE AVAILABLE |
| Facing Direction | West |
| Garage Y/N | Yes |
| Water Access Y/N | No |
| Other Structures | Above Grade,Below Grade |
| Transportation | Bus Stop less than 1 mile |
| Total Rooms | 10 |
| Status | ACTIVE |
| Directions | Coastal Hwy South,Left on 48th Street,Building oceanfront on Left. |
| ModificationTimestamp | 2024-04-30T15:15:10 |
| 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 | No |
| Zoning Description | Residential Condominium |
| Total Units | 1 |
| MLS Area | Oceanfront Indirect View (81) |
| Tax Assessed Value | 602200.0 |
| Waterfront Y/N | No |
| Street Name | 48TH |
| HOA Fee 2 Frequency | Monthly |
| Tax Annual Amount | 8489.0 |
| Home Warranty Y/N | No |
| Property Condition | Excellent |
| Structure Type | Unit/Flat/Apartment |
| Floors In Unit Count | 1 |
| Condo/Coop Association Y/N | Yes |
| 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 | No |
| Vacation Rental Y/N | Yes |
| Virtual Tour | https://my.matterport.com/show/?m=b4a8QgBSPex&brand=0 |
| Total SQFT | 1790 |
| Days on Market | 187 |
| Location Type | Oceanblock |
| AssociationName2 | Gateway Grand |
| 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 |
Interior Features
| Heating Fuel | Electric |
|---|---|
| Flooring | Carpet,Ceramic Tile |
| Hot Water | Electric |
| Total Stories | 17 |
| Common Walls | 2+ Common Walls |
| Basement (Y/N) | No |
| Heating Y/N | Yes |
| Window Features | Insulated,Screens |
| Fireplace Y/N | No |
| Above Grade Finished Area | 1790 |
| Full Baths | 3 |
| Street Suffix | STREET |
| Central Air Y/N | Yes |
| Total Bedrooms | 3 |
| Entry Level | 4 |
| Main Level Bedrooms | 3 |
| Below Grade Finished Area Unit Type | Square Feet |
| LivingAreaSource | Estimated |
| Laundry Type | Dryer In Unit,Washer In Unit |
| Common Walls | 2+ Common Walls |
| Below Grade Unfin Area Units | Square Feet |
| Below Grade Unfin SQFT Source | Assessor |
| 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 |
Exterior Features
| 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 |
| Total Parking Spaces | 2 |
| Garage Features | Covered Parking |
| Type of Parking | Attached Garage,Parking Lot |
| Land Use Code | U |
| Foundation Details | Pillar/Post/Pier |
| Water View Y/N | Yes |
| Lot Dimensions | 0.00 x 0.00 |
| Water Body Type | Ocean |
| Door Features | Insulated,Sliding Glass |
| Builder Model | A |
| Horse Y/N | No |
| Navigable Water Y/N | No |
| Water Oriented Y/N | Yes |
| # of Attached Garage Spaces | 2 |
| LotDimensionsSource | Assessor |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Pets
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Condos Average in 21842
Price
Taxes
Visits
Year Built
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