NOT LISTED FOR SALE

Gateway Grand 2 48th St Unit 1411 Ocean City, MD 21842

Estimated Value: $1,292,000 - $1,356,000

3 Beds
3 Baths
1,790 Sq Ft
$741/mo HOA Fee

Last Sold November 10, 2022

Last sale price $1,200,000 $670 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $9,197/month

25 Days on Market

Highlights

  • 250 Feet of Waterfront
  • Ocean View
  • Access to Tidal Water
  • Ocean City Elementary School Rated A
  • Primary bedroom faces the ocean
  • Sandy Beach

About This Home

As of November 2022

This is the one you have been waiting for! Pristine 3 Bedroom 3 Bathroom Direct Oceanfront Residence now available in the luxurious Gateway Grand! Take a look at this stunning panoramic ocean view from the 14th floor. Enjoy unique sunrises each morning from the direct oceanfront primary suite. Originally a furnished model, you will notice the attention to detail, from custom millwork throughout to custom window treatments. The closets are upgraded with custom closet organizers and the main TV and lighting is controlled through a home automation system. The kitchen and desk area feature a custom glass tile backsplash. This property was never rented by the current owner and had new carpet installed and was professionally painted just 4 years ago. The washer and dryer was also replaced 5 years ago. The Gateway Grand is rich with amenities such as a secure access glorious oceanfront lobby, heated indoor and outdoor pools, state of the art fitness center, owner's lounges, kid's game room, on-site management, maintenance, and cleaning staff, and the list continues. Deeded ground floor storage locker #15 included with sale. Call for a private tour today!

Last Agent to Sell the Property

Jonathan Barker

Keller Williams Realty Delmarva License #618143 Listed on: 07/14/2022

Keller Williams Realty Delmarva

Co-Listed By

Grant Fritschle

Keller Williams Realty Delmarva License #RA0020779

Last Buyer's Agent

Mechelle Nichols

Berkshire Hathaway HomeServices PenFed Realty License #RS0025254

Berkshire Hathaway HomeServices PenFed Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,841

Year Built

  • Built in 2008

Lot Details

  • 250 Feet of Waterfront
  • Ocean Front
  • Sandy Beach
  • Two or More Common Walls
  • West Facing Home
  • Sprinkler System
  • Property is in excellent condition

HOA Fees

  • $741 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

  • Panoramic

Home Design

  • Flat Roof Shape
  • Pillar, Post or Pier Foundation
  • Metal Siding

Interior Spaces

  • 1,790 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Furnished
  • Crown Molding
  • Ceiling Fan
  • Recessed Lighting
  • Electric Fireplace
  • Insulated Windows
  • Window Treatments
  • Window Screens
  • Sliding Doors
  • Insulated Doors
  • Carpet

Kitchen

  • Electric Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Primary bedroom faces the ocean
  • En-Suite Bathroom
  • Walk-In Closet
  • 3 Full Bathrooms
  • Whirlpool Bathtub

Laundry

  • Laundry in unit
  • Electric Dryer
  • Washer

Home Security

Outdoor Features

  • Outdoor Shower
  • Access to Tidal Water
  • Water Oriented
  • Property is near an ocean
  • Balcony
  • Exterior Lighting

Location

  • Flood Risk

Utilities

  • Central Air
  • Heat Pump System
  • Vented Exhaust Fan
  • Electric Water Heater
  • Municipal Trash
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 1411
  • Assessor Parcel Number 2410765021

Community Details

Overview

  • $200 Elevator Use Fee
  • $2,223 Capital Contribution Fee
  • Association fees include common area maintenance, exterior building maintenance, health club, insurance, management, pool(s), reserve funds, water
  • $80 Other One-Time Fees
  • High-Rise Condominium
  • Gateway Grand Condos, Phone Number (410) 723-9545
  • Built by Bovis Lendlease
  • Gateway Grand Community
  • Property Manager

Amenities

  • Common Area
  • Game Room
  • Meeting Room
  • Party Room
  • 5 Elevators

Recreation

  • Heated Community Pool

Pet Policy

  • Limit on the number of pets
  • Dogs and Cats Allowed

Security

  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,841

Year Built

Built in 2008

Lot Details

0

HOA Fees

$741 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Unit/Flat
  • Ownership: Condominium
  • Exclusions: See Inventory Addendum
  • Home Warranty: No
  • Inclusions: See Inventory Addendum
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 2008
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: This is the one you have been waiting for! Pristine 3 Bedroom 3 Bathroom Direct Oceanfront Residence now available in the luxurious Gateway Grand! Take a look at this stunning panoramic ocean view from the 14th floor. Enjoy unique sunrises each morning from the direct oceanfront primary suite. Originally a furnished model, you will notice the attention to detail, from custom millwork throughout to custom window treatments. The closets are upgraded with custom closet organizers and the main TV and lighting is controlled through a home automation system. The kitchen and desk area feature a custom glass tile backsplash. This property was never rented by the current owner and had new carpet installed and was professionally painted just 4 years ago. The washer and dryer was also replaced 5 years ago. The Gateway Grand is rich with amenities such as a secure access glorious oceanfront lobby, heated indoor and outdoor pools, state of the art fitness center, owner's lounges, kid's game room, on-site management, maintenance, and cleaning staff, and the list continues. Deeded ground floor storage locker #15 included with sale. Call for a private tour today!
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer - Electric, Exhaust Fan, Washer, Stainless Steel Appliances, Refrigerator, Oven/Range - Electric
  • Entry Floor: 14
  • Flooring Type: Carpet
  • Interior Amenities: Carpet, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Crown Moldings, Entry Level Bedroom, Flat, Floor Plan - Open, Kitchen - Island, Pantry, Primary Bath(s), Primary Bedroom - Ocean Front, Recessed Lighting, Upgraded Countertops, Walk-In Closet(s), Whirlpool/Hottub, Window Treatments
  • Window Features: Insulated, Screens
  • Fireplace Features: Electric
  • Fireplace: Yes
  • Common Walls: 2+ Common Walls
  • Door Features: Insulated, Sliding Glass
  • Elevators Count: 5
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Pillar/Post/Pier
  • Floors In Unit Count: 1
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 1790
  • Living Area Sq Ft: 1790
  • Price Per Sq Ft: 712.29
  • Above Grade Finished Sq Ft: 1790
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 3

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Concrete, Metal Siding
  • Exterior Features: Exterior Lighting, Outside Shower, Sidewalks, Underground Lawn Sprinkler
  • Roof: Flat
  • Spa: No
  • View: Ocean, Panoramic
  • Water Access: No
  • Water Body Name: Atlantic
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Tidal Water: Yes
  • Water View: Yes
  • Water Frontage In Feet: 250

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Electric Vehicle Charging Station(s), Handicap Parking, Lighted Parking, Paved Parking, Secure Parking, Surface, Unassigned
  • Garage Features: Covered Parking
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage, Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: Circuit Breakers
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Security: Sprinkler System - Indoor
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Electric Available
  • Water Source: Public
  • Municipal Trash: Yes
  • Internet Services: Cable

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 741.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Gateway Grand
  • Condo Co-Op Phone: 410-723-9545
  • Elevator Use Fee: 200.00
  • HOA Condo Co-Op Amenities: Common Grounds, Elevator, Exercise Room, Fitness Center, Game Room, Meeting Room, Party Room, Pool - Indoor, Pool - Outdoor, Swimming Pool
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Health Club, Insurance, Management, Pool(s), Reserve Funds, Water
  • HOA Condo Co-Op Management Type: Professional - On-Site
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No
  • Community Pool Features: Heated, In Ground, Indoor

Fee Information

  • Other Fees: 80.00
  • Other Fees Frequency: One Time
  • Capital Contribution Fee: 2223.00

Schools

  • School District: WORCESTER COUNTY PUBLIC SCHOOLS
  • School District Key: 121138066543
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Use Code: U
  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Balcony
  • Property Condition: Excellent
  • Year Assessed: 2022
  • Zoning: RESIDENTIAL CONDOMINIUM
  • In City Limits: Yes

Building Info

  • Builder Name: Bovis Lendlease

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Cats Ok, Dogs Ok, Number Limit
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 5837015
  • Tax Annual Amount: 10841.00
  • Assessor Parcel Number: 2410765021
  • Tax Lot: 1411
  • Tax Total Finished Sq Ft: 1650
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 11/10/2022

Multi Family

  • Federal Flood Zone: X
  • Waterfront Features: Sandy Beach

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2022
Closed on
Nov 10, 2022
Sold by
Charles And Gale Johnston Revocable Trus
Bought by
Khanna Sugandha
Seller's Agent
Jonathan Barker
Keller Williams Realty Delmarva
Buyer's Agent
Mechelle Nichols
Berkshire Hathaway HomeServices PenFed Realty
List Price
$1,275,000
Sold Price
$1,200,000
Premium/Discount to List
-$75,000
-5.88%
Views
6
Current Estimated Value
$1,330,862

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$130,862
Avg. Annual Appreciation
4.16%

Purchase Details

Closed on
Jan 31, 2018
Sold by
Johnston Charles Riley and Johnston Gale Marie
Bought by
Johnston Charles Riley and Johnston Gale Marie

Purchase Details

Closed on
Jan 3, 2018
Sold by
Bonnett Ronald S and Bonnett Jane L
Bought by
Johnston Charles Riley and Johnston Gale Marie

Purchase Details

Closed on
Jul 28, 2016
Sold by
Carylyle/High Street Ocean City Lp
Bought by
Bennett Ronald S and Bennett Jane L
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Khanna Sugandha $1,200,000 --
Johnston Charles Riley -- None Available
Johnston Charles Riley $792,500 None Available
Bennett Ronald S $770,000 Ocean Investments Title Corp
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/10/2022 11/10/22 Sold $1,200,000 -5.9% $670 / Sq Ft
08/08/2022 08/08/22 Pending -- -- --
07/14/2022 07/14/22 For Sale $1,275,000 -- $712 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

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
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 $11,295 $767,200 $537,000 $230,200
2017 $11,299 $799,900 $0 $0
2016 -- $775,267 $0 $0
2015 -- $750,633 $0 $0
2014 $8,552 $726,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWO2009128

Bright MLS

APN: 10-765021