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2 48TH Street , #402

OCEAN CITY, MD 21842
  • $1,119,000
  • STATUS: Active
  • ON SITE: 34 Days
  • ID#: MDWO2017306
UPDATED: 58 min ago
$1,119,000
  • 3
    BEDS
  • N/A
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 1,790
    SQFT
  • $625
    $/SQFT
Neighborhood:
Type:
Condo
Built:
2008
County:

School Ratings & Info

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.

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©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Dream Home Realtor @ Patterson Schwartz Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-11-30T23:52:14.
www.findmydedreamhome.com/homes/144776015
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2 48TH Street , #402 OCEAN CITY, MD 21842

  • Price: $1,119,000
  • Status: Active
  • On Site: 34 Days
  • Updated: 58 min ago
  • ID#: MDWO2017306
3
Beds
3
Baths
0
½ Baths
N/A
Acres
1,790
SQFT
$625
$/SQFT
2008
Built
Neighborhood:
None Available
County:
Worcester
Area:
Oceanfront Indirect View (81)
School District:
Worcester County Public Schools
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.
Exterior Features

Architectural Style Unit/Flat Construction Materials ConcreteMetal Siding Direction Faces West Door Features InsulatedSliding Glass Exterior Features Exterior LightingOutside ShowerSidewalksUnderground Lawn Sprinkler Garage Spaces 2.00 Garage Type Covered Parking Garage YN Yes Location Type Oceanblock Lot Features Premium Parking Features Electric Vehicle Charging Station(s)Handicap ParkingLighted ParkingPaved DrivewaySecure ParkingSurfaceUnassigned Parking Types Attached GarageParking Lot Patio And Porch Features Balcony Pool Yes - Community Property Condition Excellent Riparian Rights YN No Roof Flat Unit Building Type Hi-Rise 9+ Floors View BayCityOcean Water Access YN No Water Body Name Atlantic Water Body Type Ocean Water Oriented YN Yes Water View YN Yes Waterfront YN No

Interior Features

Above Grade Fin SQFT 1790 Appliances Built-In MicrowaveDishwasherDisposalDryerFreezerOven/Range - ElectricRefrigeratorWasher Basement YN No Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Central A/C Exclusions See Inventory Addendum Fireplace YN No Flooring CarpetCeramic Tile Furnished Yes Heating Central Heating YN Yes Inclusions See Inventory Addendum Interior Features CarpetCeiling Fan(s)Combination Dining/LivingCombination Kitchen/DiningCrown MoldingsDining AreaEntry Level BedroomFlatFloor Plan - OpenPantryPrimary Bath(s)Recessed LightingSoaking TubSprinkler SystemTub ShowerUpgraded CountertopsWalk-in Closet(s)WhirlPool/HotTubWindow Treatments Laundry Type Dryer In UnitWasher In Unit Levels 1 Main Level Bedrooms 3 Pets Allowed Cats OKDogs OKNumber Limit Rooms Total 10 Security Features Desk in LobbySprinkler System - Indoor Unit Floors 1 Walls Ceilings Dry Wall

Property Features

Acceptable Financing CashConventional Accessibility Features None Assessment Year 2023 Association Amenities Common GroundsElevatorExercise RoomFitness CenterGame RoomMeeting RoomParty RoomPool - IndoorPool - OutdoorSwimming Pool Association Fee Includes Common Area MaintenanceExt Bldg MaintHealth ClubInsuranceManagementPool(s)Reserve FundsWater Association Fee2 808.00 Association Fee2 Frequency Monthly Association YN No Builder Model A Builder Name Bovis Lendlease Central Air YN Yes Common Walls 2+ Common Walls Condo YN Yes Cooling Fuel Electric Electric Circuit Breakers Elevators 5 Entry Level 4 Federal Flood Zone X Federal Flood Zone YN Yes Foundation Details Pillar/Post/Pier Ground Rent Payment Frequency Annually Heating Fuel Electric Horse YN No Hot Water Electric Internet Services Cable Lease Considered YN No Municipality Ocean City Navigable Water YN N New Construction YN No Number Of Units Total 1 Original MLSNumber 802698809794 Other Fees 830.00 Other Fees Frequency One Time Ownership Interest Condominium Pets Allowed YN Yes Possession Settlement Sale Type Standard Senior Community YN No Sewer Public Sewer Structure Design Type Unit/Flat/Apartment Tax Annual Amount 8489.00 Tax Assessment Amount 602200.00 Tax Lot 402 Total Actual Rent 43500.00 Transportation Bus Stop less than 1 mile Utilities Cable TV AvailableElectric Available Vacation Rental YN Yes Water Source Public Window Features InsulatedScreens Zoning RESIDENTIAL CONDOMINIUM Zoning Description Residential Condominium

Listing courtesy of Keller Williams Realty Delmarva: .


©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Dream Home Realtor @ Patterson Schwartz Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-11-30T23:52:14.
 
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