2 48th St #402

Ocean City, MD 21842 View Map $1,119,000 Schedule a Tour
Beds3
Baths3
Sq.Ft.1,790
Year2008
Dave Whittington

Dave Whittington

(410) 430-5283

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Status: Active
Property Type:Unit/Flat
MLS #:MDWO2017306
Sq. Feet:1,790
On Site:119 Days
County:Worcester
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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$000 Monthly Payment
Loan and interest only.

Detailed Maps

Community Information

Address:2 48th St #402, Ocean City, MD 21842
County:Worcester
Zip Code:21842
Building Name:Gateway Grand

Architecture

Unit Number:#402
Bedrooms: 3
Bathrooms: 3
Year Built:2008
Stories:1
Style:Unit/Flat
Construction: Concrete, Metal Siding
Roofing: Flat
Foundation: Pillar/Post/Pier

Features / Amenities

Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Freezer, Oven/Range - Electric, Refrigerator, Washer
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, Sprinkler System, Tub Shower, Upgraded Countertops, Walk-in Closet(s), WhirlPool/HotTub, Window Treatments
# of Units: 1
Unit Floor: 4
Exterior Features: Exterior Lighting, Outside Shower, Sidewalks, Underground Lawn Sprinkler
Amenities: Common Grounds, Elevator, Exercise Room, Fitness Center, Game Room, Meeting Room, Party Room, Pool - Indoor, Pool - Outdoor, Swimming Pool
Exterior Spaces: Balcony
Garage Features: Covered Parking
Type of Parking: Attached Garage, Parking Lot
Garage (# of Spaces): 2.00
Air Conditioning: Central A/C
Primary Heat Type: Central

Property Features

Num. Floors in Condo Bldg.:17
Water Body Type: Ocean
View: Bay, City, Ocean
Lot Description: Premium
Septic: Public Sewer
Water: Public
Transportation: Bus Stop less than 1 mile
Municipality: Ocean City

Tax and Financial Info

Property Taxes: $8,489 (paid Annually)
HOA: No
Condo Association: Yes
Condo Fee: $922 (paid Monthly)
Fees Include: Common Area Maintenance, Ext Bldg Maint, Health Club, Insurance, Management, Pool(s), Reserve Funds, Water

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2 48th St #402 Ocean City,  MD 21842
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2 48th St #402 Ocean City, MD 21842
 
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Listing Information Last Updated 2/22/2024
Listing provided courtesy of Keller Williams Realty Delmarva.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than Dave Whittington are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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