2 48th Street, Unit 401
2 48th Street, Unit 401
$835,000
Last Sold Price
4
Beds
3
Baths
2,385 Sq. Ft.
$350 / Sq. Ft.
2,385
Sq. Ft.
$350
per Sq. Ft.
Closed 4/29/21
Closed 4/29/21
Description
A new opportunity awaits you at The Gateway Grand. This 4 bedroom 3 Bathroom residence boasts 2,385 interior square feet and 385 square feet of exterior balcony space spread over 2 separate balconies. With sweeping views of the Ocean, Ocean City, and the Bay you will not want to leave the oversized living room. The eat-in kitchen features stainless steel appliances and granite counter tops. Each of the 4 bedrooms has access to the 2nd balcony to conveniently enjoy morning coffee. The owner's suite...A new opportunity awaits you at The Gateway Grand. This 4 bedroom 3 Bathroom residence boasts 2,385 interior square feet and 385 square feet of exterior balcony space spread over 2 separate balconies. With sweeping views of the Ocean, Ocean City, and the Bay you will not want to leave the oversized living room. The eat-in kitchen features stainless steel appliances and granite counter tops. Each of the 4 bedrooms has access to the 2nd balcony to conveniently enjoy morning coffee. The owner's suite features a walk-in closet and attached bath with whirlpool tub and a double vanity. The residence was rented and grossed over $52,000 in income during the 2020 season. The Gateway Grand features an unmatched amenity package including heated indoor and outdoor pools, 3 owner's lounges, state of the art fitness center, kids club room, parking garage with electric car chargers, and the list continues. Call today for your private showing appointment! Deed storage locker #169 conveys with residence.
- Listed by Jonathan M Barker • Keller Williams Realty DelmarvaP: 4109353810 jon@markf.com
- Listed by Grant K Fritschle • Keller Williams Realty DelmarvaP: 4104305880 grant@grantf.com
Property Details for 2 48th Street, Unit 401
Tax ID Number
10-763622
OwnershipCondominium
Condo Coop AssociationYes
HOANo
Entry Floor Number4
Structure TypeUnit/Flat/Apartment
StyleUnit/Flat
Levels/Stories1
Location
Listing Courtesy of Keller Williams Realty Delmarva
Sold By Coastal Life Realty Group
Add your commute
LISTING UPDATED: 08/23/2022 03:19 AM
Property Details for 2 48th Street, Unit 401
| Status | Closed |
|---|---|
| MLS # | MDWO118622 |
| Days on Market | 101 |
| Taxes | $10,140 / year |
| HOA Fees | - |
| Condo/Co-op Fees | $1,010 / month |
| Compass Type | Condo |
| MLS Type | Residential / Condo |
| Year Built | 2008 |
| County | Worcester County |
Building
Gateway Grand
196 Units2 StoriesBuilt in 2008
Location
Listing Courtesy of Keller Williams Realty Delmarva
Sold By Coastal Life Realty Group
Add your commute
Building Information for 2 48th Street, Unit 401
Payment Calculator
$6,412 per month
30 year fixed, 7.25% Interest
Principal and Interest
$4,557
Property Taxes
$845
HOA Dues
$1,010
The Payment Calculator is for illustrative purposes only.
Property Information for 2 48th Street, Unit 401
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: No
- Water Oriented: Yes
- Navigable Water: No
- Tidal Water: No
- Water Body Name: Atlantic
- Water Body Type: Ocean
- Riparian Rights Y/N: No
Association / Community Info
Association / Community Info
- Condo Coop Name: Gateway Grand
- Condo Coop Phone: 410-723-1119
- HOA Condo Coop Mgmt Type: Professional - On-site
- HOA Condo Coop Fee Includes: Common Area Maintenance, Ext Bldg Maint, Insurance, Management, Pool(s), Reserve Funds, Snow Removal, Water
- HOA Condo Coop Amenities: Common Grounds, Elevator, Fitness Center, Game Room, Meeting Room, Party Room, Pool - Indoor, Pool - Outdoor, Security, Swimming Pool
- Property Manager Y/N: Yes
- Elevator Use Fee: $200
- Other Fees: $80
- Other Fees Frequency: One Time
- Senior Community: No
- Association Recreation Fee Y/N: No
- Capital Contribution Amount: $3,030
- Type of Condo: Condo/Coop Association
Taxes and Assessment
Taxes and Assessment
- Tax Year: 2020
- Tax Assessed Value: $717,700
- Year Assessed: 2020
- County Tax: $6,065
- Improvement Assessed Value: $0
- City Town Tax: $3,272
- Land Assessed Value: $0
- Clean Green Assessed: No
- Municipal Trash: Yes
- Land Use Code: 012
- Zoning: RESIDENTIAL CONDOMINIUM
- Zoning Dscrp: Residential Condominium
- Tax Lot: 401
- 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
- Concessions: No
Rooms
Main
- # Bedrooms Count Main Level: 4
- # Bathrooms Count Main Level: 3
- # Bathrooms Full Main Level: 3
Rooms
- Stories: Main
Financial Information
Expenses
- Income Expense List: Annual Ground Rent
Financial Information
- Annual Rental Income: $53,105
Building Info
Building Info
- Builder Name: Bovis Lendlease
- Building Level Count: 17
- Building Units Total: 196
- Total Finished SQFT: 2,385.00
- Total Finished SQFT Source: Estimated
- Tax Total Finished SQFT: 2,250.00
- Total SQFT: 2,385.00
- Total SQFT Source: Estimated
- Floors In Unit Count: 1
- Elevators Count: 5
- Main Entrance Orientation: East
- Construction Materials: Concrete, Metal Siding
- Roof: Flat
- Wall and Ceiling Types: Dry Wall, 9'+ Ceilings
- 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, Bedrooms-Main Level-4, 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: Cleared
- Location Type: Oceanblock
- Parcel ID: 5836887
- Ground Rent Exists: Yes
Parking
Parking
- Type Of Parking: Parking Garage
- Parking Garage - # of Spaces: 3
- Total Garage Spaces: 3
- Parking Features: Electric Vehicle Charging Station(s), Handicap Parking, Lighted Parking, Paved Parking, Secure Parking, Surface, Unassigned
- Garage Features: Covered Parking
Interior Features
Interior Features
- Interior Features: Carpet, Ceiling Fan(s), Chair Railings, Combination Dining/Living, Combination Kitchen/Dining, Combination Kitchen/Living, Crown Moldings, Dining Area, Elevator, Entry Level Bedroom, Floor Plan - Open, Flat, Kitchen - Island, Kitchen - Eat-In, Pantry, Primary Bath(s), Recessed Lighting, Sprinkler System, Tub Shower, Upgraded Countertops, Walk-in Closet(s), WhirlPool/HotTub, Window Treatments
- Fireplace: No
- Fireplaces Count: 0
- Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer - Electric, Exhaust Fan, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer
- Accessibility Features: Elevator
- Security Features: Desk in Lobby, Exterior Cameras, Surveillance Sys, Sprinkler System - Indoor, Smoke Detector
- Door Features: Sliding Glass, Storm
- Window Features: Storm
- Laundry Type: Dryer In Unit, Washer In Unit
- Virtual Tour URL Unbranded: https://my.matterport.com/show/?m=steZZRhkpnE&mls=1
Exterior Features
Exterior Features
- Spa: No
- Exterior Features: Exterior Lighting, Outside Shower, Sidewalks, Underground Lawn Sprinkler
- Outdoor Living Structures: Balconies- Multiple
- Pool: Yes - Community
- Community Pool Features: Heated, Indoor, In Ground
- Horse: No
Utilities
Utilities
- Utilities: Cable TV Available, Electric Available
- Heating: Yes
- Cooling Type: Heat Pump(s), Other
- Cooling Fuel: Electric, Other
- Heating Type: Heat Pump(s), Other
- Heating Fuel: Electric, Other
- Hot Water: Other
- 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 401
| 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 401
Taxable ValueLand$502,300Additions$215,400Total$717,700
Tax Record2023$10,117 ($843 / month)
Home Facts
Beds0Baths3Total Finished SqFt2,250 SqFtAbove Grade Finished SqFt2,250 SqFtStyleCondominiumYear Built2008CountyWORCESTERAPN10-763622
Schools near 2 48th Street, Unit 401
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.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.
Homes for Sale near Ocean City
Neighborhoods
Cities
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. 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 08/23/2022 03:19 AM