2 48Th Street # 305 GATEWAY GRAND

Ocean City, MD
$ 625,000 Beds 3 Baths 3 Sq 1,790 Virtual Tour
Monthly Estimate* How much can I afford?

This remarkable southern exposure condo sits one back from direct oceanfront, providing wonderful and impressive oceanviews from the master-suite, the living room, and the oversized balcony. Meticulously maintained, this home has been a vacation rental property, producing over $35,000 in seasonal income. The Gateway Grand features a heated indoor pool, heated outdoor pool, fitness center, private sundeck, owners lounges, grand lobby, on-site property management, storage lockers, conditioned corridors, private/gated parking, electric car chargers, and so much more. The Gateway Grand is Ocean City's fines oceanfront property. Condo fees are $741/month and deeded storage locker is #192.

Condos

  • Price
  • $ 625,000
  • Lot Size
  • Bedrooms
  • 3
  • Sqr Footage
  • 1,790
  • Full Bathrooms
  • 3
  • Year Built
  • 2008
  • Half Bathrooms
  • 0
  • City, Zip
  • Ocean City
  • Taxes
  • 8567
  • County
  • WORCESTER
  • Style
  • Unit/Flat
  • Area
  • Oceanfront Indirect View
  • MLS#
  • 1002303374
  • Zip
  • 21842
Listing Provided by: Keller Williams Realty Delmarva

Features

General

Acceptable Financing Conventional
Accessibility 36 + wide Halls
Appliances Built-In Microwave, Dishwasher, Disposal, Dryer, Oven/Range - Electric, Refrigerator, Washer
Architectural Style Unit/Flat
Association Amenities Common Grounds, Elevator, Fitness Center, Meeting Room, Pool - Indoor, Pool - Outdoor, Security, Swimming Pool
Association Fee Includes Common Area Maintenance, Ext Bldg Maint, Insurance, Management, Pool(s), Reserve Funds, Snow Removal, Water
Association Y/N No
Building Name Gateway Grand
Community Pool Features Heated, Indoor
Condo/Coop Association Y/N Yes
Construction Materials Aluminum Siding, Concrete, Frame
Cool Fuel Other
Cooling Central A/C, Other
County WORCESTER
Electric Circuit Breakers
Elementary School OCEAN CITY
Exclusions Personal items, items in closets, drawers and cabinets
Exterior Features Exterior Lighting, Lawn Sprinkler, Outside Shower, Secure Storage, Sidewalks
Facing Direction North
Flooring Tile/Brick
Floors In Unit Count 1
Garage Spaces 2.00
Garage Y/N Yes
HOA Fee 2 741.00
HOA Fee 2 Frequency Monthly
Heating Hot Water, Other
High School STEPHEN DECATUR
High School District WORCESTER COUNTY PUBLIC SCHOOLS
Historic Y/N No
Interior Features Ceiling Fan(s), Breakfast Area, Dining Area, Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Open
Junior High STEPHEN DECATUR
Levels 1
MLS Area Oceanfront Indirect View (81)
New Construction No
Other Fees 80.00
Other Fees Frequency One Time
Other Structures Above Grade, Below Grade
Ownership Fee Simple
Patio/Porch Features Balcony
Possession Settlement
Price Per Sq Ft 349.16
Property Type Residential
PropertyCondition Very Good
Real Estate Owned Y/N No
Roof Built-Up, Flat, Metal
Security Features Fire Detection System, Surveillance Sys, Smoke Detector, Sprinkler System - Indoor
Senior Community Y/N No
Sewer Public Sewer
Structure Type Unit/Flat/Apartment
Subdivision Name NONE AVAILABLE
Tax Year 2020
Total Units 196
Unit Number 305 GATEWAY GRAND
Utilities Cable TV Available, Electric Available
Vacation Rental Y/N Yes
View City, Ocean
Water Access Y/N No
Zoning RESIDENTIAL

Interior Features

Above Grade Finished Area 1790
Above Grade Finished Area Source Estimated
Above Grade Finished Area Unit Type Square Feet
Basement Y/N No
Bathrooms Count Main Level 3.00
Bathrooms Full Main Level 3
Below Grade Finished Area Source Assessor
Below Grade Finished Area Unit Type Square Feet
Below Grade Unfin Area Units Square Feet
Below Grade Unfin Sqft Source Assessor
Central Air Y/N Yes
Common Walls 2+ Common Walls
Common Walls 2+ Common Walls
Entry Level 3
Fireplace Features Electric
Fireplace Y/N Yes
Full Baths 3
Heating Fuel Other
Heating Y/N Yes
Hot Water Other
Laundry Type Dryer In Unit, Washer In Unit
Living Area 1790
Main Level Bedrooms 3
Number of Elevators 5
Total Baths 3
Total Bedrooms 3
Total Fireplaces 1
Total Rooms 10

Exterior Features

# Of Detached Garage Spaces 2
Builder Model A
Door Features Sliding Glass
Foundation Details Pillar/Post/Pier
Garage Features Covered Parking
Horse Y/N No
Inclusions Sold Fully Furnished
Lot Features Cleared
Lot Size Acres 0.00
Lot Size Source Assessor
Lot Size Square Feet 0.00
Navigable Water Y/N No
Pool Y/N Yes - Community
Total Parking Spaces 2
Type of Parking Detached Garage
Water Oriented Y/N No
Water Source Public
Water View Y/N Yes
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,068

Per Month

Based on the average sale price from the Old Bridge, NJ office

  • Monthly Principal & interest $1,939
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 4.38% 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.

Schools

Elementary School Ocean City Elementary School
Middle School Stephen Decatur Middle School
High School Stephen Decatur High School

Price History

8/26/2020 Listed $625,000

Property vs Zip Code Average in 21842

Price
AVG $430K
$630K
Taxes
AVG $4,480
$8,567
Visits
AVG 53
308
Year Built
AVG 1989
2008
Walkscore
AVG 49
39
Data Provided by Walkscore ® not using MLS data

Map

2 48Th Street # 305 GATEWAY GRAND Ocean City, MD is a Single Family Home for sale at $625000 with 1790 sqft and a lot size of Acre(s). 2 48Th Street # 305 GATEWAY GRAND Ocean City has 3 bedrooms, 3 baths and was built in 2008. The property's zip code is 21842 which is in Ocean City, MD

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 4.38% 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.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.