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$1,099,000

Est. payment - /mo

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3 BD

3 BA

1,790 SqFt

Active

2 48TH ST #402 Ocean City, MD 21842

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Matt Kilmer

matt@movewithmatt.net +1(540) 931-6089

UPDATED:

10/31/2024 05:31 AM

Key Details

Property Type Condo

Sub Type Condo/Co-op

Listing Status Active

Purchase Type For Sale

Square Footage 1,790 sqft

Price per Sqft $613

Subdivision None Available

MLS Listing ID MDWO2026410

Style Unit/Flat

Bedrooms 3

Full Baths 3

Condo Fees $922/mo

HOA Y/N N

Abv Grd Liv Area 1,790

Originating Board BRIGHT

Year Built 2008

Annual Tax Amount $10,084

Tax Year 2024

Lot Dimensions 0.00 x 0.00

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 and $49,044.24 in 2024. 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.

Location

State MD

County Worcester

Area Oceanfront Indirect View (81)

Zoning RESIDENTIAL

Direction West

Rooms

Main Level Bedrooms 3

Interior

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, Bathroom - Soaking Tub, Sprinkler System, Bathroom - Tub Shower, Upgraded Countertops, Walk-in Closet(s), WhirlPool/HotTub, Window Treatments

Hot Water Electric

Heating Central

Cooling Central A/C

Flooring Carpet, Ceramic Tile

Inclusions See Inventory Addendum

Equipment Built-In Microwave, Dishwasher, Disposal, Dryer, Freezer, Oven/Range - Electric, Refrigerator, Washer

Furnishings Yes

Fireplace N

Window Features Insulated,Screens

Appliance Built-In Microwave, Dishwasher, Disposal, Dryer, Freezer, Oven/Range - Electric, Refrigerator, Washer

Heat Source Electric

Laundry Dryer In Unit, Washer In Unit

Exterior

Exterior Feature Balcony

Garage Covered Parking

Garage Spaces 2.0

Utilities Available Cable TV Available, Electric Available

Amenities Available Common Grounds, Elevator, Exercise Room, Fitness Center, Game Room, Meeting Room, Party Room, Pool - Indoor, Pool - Outdoor, Swimming Pool

Waterfront N

Water Access Y

View Bay, City, Ocean

Roof Type Flat

Accessibility None

Porch Balcony

Attached Garage 2

Total Parking Spaces 2

Garage Y

Building

Lot Description Premium

Story 1

Unit Features Hi-Rise 9+ Floors

Foundation Pillar/Post/Pier

Sewer Public Sewer

Water Public

Architectural Style Unit/Flat

Level or Stories 1

Additional Building Above Grade, Below Grade

Structure Type Dry Wall

New Construction N

Schools

School District Worcester County Public Schools

Others

Pets Allowed Y

HOA Fee Include Common Area Maintenance,Ext Bldg Maint,Health Club,Insurance,Management,Pool(s),Reserve Funds,Water

Senior Community No

Tax ID 2410763630

Ownership Condominium

Security Features Desk in Lobby,Sprinkler System - Indoor

Acceptable Financing Cash, Conventional

Horse Property N

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Pets Description Cats OK, Dogs OK, Number Limit

Listed by Jonathan M Barker • Keller Williams Realty Delmarva

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Matt Kilmer

Agent | (VA)0225238026 (WV)WVS2003010

+1(540) 931-6089