Seller's Agent in 2023
Jonathan Barker
Keller Williams Realty Delmarva
(410) 935-3810
118 in this area
193 Total Sales
Gateway Grand 2 48th St Unit 1112 Ocean City, MD 21842
Estimated Value: $1,328,000 - $1,366,000
3
Beds
3
Baths
1,806
Sq Ft
$825/mo
HOA Fee
Highlights
- 20 Feet of Waterfront
- Ocean View
- Sandy Beach
- Ocean City Elementary School Rated A
- Access to Tidal Water
- Fitness Center
About This Home
As of September 2023Fully customized and upgraded this Oceanfront residence at the Luxurious Gateway Grand is now available! Featuring the coveted AA floorplan, which showcases a direct oceanfront primary suite allowing you to fall asleep and wake up to the majestic and everchanging Atlantic Ocean. This suite includes a huge plate glass viewing window and effortless gliding sliding glass door that allows immediate access to the oceanfront balcony. All flooring throughout has been replaced, featuring driftwood wide plank tile with matching tile baseboard in the living room, dining room, kitchen, bathrooms, and closets. The bedrooms also feature upgraded quality pad and carpet. All countertops have been replaced with thick Carrara marble in the bathrooms, kitchen, and desk area. The kitchen boosts all new appliances including a massive 46 inch Subzero counter depth side by side refrigerator, a separate Subzero beverage refrigerator in the island, and double door stove with built in air fryer. The kitchen cabinets have been upgraded with custom pull out dryers making everything held within easily accessible. All fans, light fixtures, and light switches throughout the residence have been upgraded and include dimmers and toggle new switches. Everywhere you turn there are conveniences, from the hardwired water fountain in the foyer to the electronic dampered high power exhaust fans in the bathrooms. Each closet features custom organizers and lighting. This property is delivering furnished including high end luxury pieces, wall mounted TVs, and custom window treatments. A ground floor deeded storage locker #64 also conveys to store all of your beach items. The Gateway Grand complex offers an abundance of amenities including heated indoor and outdoor pools, multiple lounges featuring TVs and WIFI, a kid's activity room, 24/7 fitness center, on-site professional management, maintenance, and security, surveillance camera system, attached parking garage with electric car chargers, and a stunning professionally decorated lobby. This is your opportunity to own one of the nicest condominiums at the beach!
Last Agent to Sell the Property
(410) 935-3810 jon@markf.com Keller Williams Realty Delmarva License #618143 Listed on: 08/02/2023
Co-Listed By
(410) 430-5880 grant@markf.com Keller Williams Realty Delmarva License #RA0020779
Last Buyer's Agent
(410) 430-2804 corey@kenningtonrealty.com Buyers Agent Kennington Realty License #RB-0020626
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $10,814
Year Built
- Built in 2008
Lot Details
- 20 Feet of Waterfront
- Ocean Front
- Home fronts navigable water
- Sandy Beach
- Public Beach
- Two or More Common Walls
- West Facing Home
- Sprinkler System
HOA Fees
- $825 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- Handicap Parking
- Electric Vehicle Home Charger
- Lighted Parking
- Parking Lot
- Surface Parking
- Unassigned Parking
- Secure Parking
Property Views
Home Design
- Entry on the 15th floor
- Flat Roof Shape
- Pillar, Post or Pier Foundation
- Metal Siding
Interior Spaces
- 1,806 Sq Ft Home
- Property has 1 Level
- Open Floorplan
- Furnished
- Crown Molding
- Insulated Windows
- Window Treatments
- Window Screens
- Sliding Doors
- Insulated Doors
- Carpet
Kitchen
- Electric Oven or Range
- Built-In Microwave
- Ice Maker
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- En-Suite Bathroom
- 3 Full Bathrooms
- Whirlpool Bathtub
- Bathtub with Shower
Laundry
- Laundry in unit
- Dryer
- Washer
Outdoor Features
- Outdoor Shower
- Access to Tidal Water
- Water Access
- Property is near an ocean
- Balcony
- Exterior Lighting
Location
- Flood Risk
Utilities
- Central Air
- Heat Pump System
- Electric Water Heater
- Municipal Trash
- Public Septic
- Cable TV Available
Listing and Financial Details
- Tax Lot 1112
- Assessor Parcel Number 2410764750
Community Details
Overview
- $2,475 Capital Contribution Fee
- Association fees include common area maintenance, exterior building maintenance, health club, insurance, management, pool(s), reserve funds, water
- $830 Other One-Time Fees
- High-Rise Condominium
- Gateway Grand Condos
- Built by Bovis Lendlease
- Gateway Grand Community
- Property Manager
Amenities
- Common Area
- Game Room
- Meeting Room
- Party Room
- 5 Elevators
Recreation
Pet Policy
- Limit on the number of pets
- Dogs and Cats Allowed
Matterport 3D Tour
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 2, 2023
Closed on
Sep 28, 2023
Sold by
Gosnell James W
Bought by
Kogok Jeffrey
Seller's Agent
Jonathan Barker
Keller Williams Realty Delmarva
Buyer's Agent
Corey Kennington
Buyers Agent Kennington Realty
List Price
$1,499,000
Sold Price
$1,350,000
Premium/Discount to List
-$149,000
-9.94%
Views
132
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,516
Avg. Annual Appreciation
-0.20%
Purchase Details
Closed on
Mar 2, 2021
Sold by
Gosnell James W and Gosnell Kimberly Ann
Bought by
Gosnell James W
Purchase Details
Closed on
Sep 22, 2015
Sold by
High Street Ocean City L P
Bought by
Gosnell James W and Gosnell Kimberly Ann
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Kogok Jeffrey | $1,350,000 | Community Title Network | |
| Gosnell James W | -- | Accommodation | |
| Gosnell James W | $799,900 | Ocean Investments Title Corp |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/28/2023 09/28/23 | Sold | $1,350,000 | -9.9% | $748 / Sq Ft |
| 08/02/2023 08/02/23 | For Sale | $1,499,000 | -- | $830 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $14,007 | $1,025,733 | $0 | $0 |
| 2024 | $12,509 | $896,467 | $0 | $0 |
| 2023 | $10,782 | $767,200 | $537,000 | $230,200 |
| 2022 | $10,782 | $767,200 | $537,000 | $230,200 |
| 2021 | $10,841 | $767,200 | $537,000 | $230,200 |
| 2020 | $10,840 | $767,200 | $537,000 | $230,200 |
| 2019 | $10,914 | $767,200 | $537,000 | $230,200 |
| 2018 | $10,805 | $767,200 | $537,000 | $230,200 |
| 2017 | $11,299 | $799,900 | $0 | $0 |
| 2016 | $8,666 | $778,467 | $0 | $0 |
| 2015 | $8,666 | $757,033 | $0 | $0 |
| 2014 | $8,666 | $735,600 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Jonathan Barker
-
Grant Fritschle
Seller Co-Listing Agent in 2023
Grant Fritschle
Keller Williams Realty Delmarva
(410) 430-5880
227 in this area
338 Total Sales
-
Corey Kennington
Buyer's Agent in 2023
Corey Kennington
Buyers Agent Kennington Realty
(410) 430-2804
5 in this area
20 Total Sales
About Gateway Grand
Map
Source: Bright MLS
MLS Number: MDWO2015524
APN: 10-764750
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