Seller's Agent in 2024
Jonathan Barker
Keller Williams Realty Delmarva
(410) 935-3810
120 in this area
195 Total Sales
Gateway Grand 2 48th St Unit 1502 Ocean City, MD 21842
Estimated Value: $1,296,778 - $1,371,000
3
Beds
3
Baths
1,790
Sq Ft
$922/mo
HOA Fee
Highlights
- Ocean View
- Fitness Center
- Building is oceanfront but unit may not have water views
- Ocean City Elementary School Rated A
- Water Oriented
- Open Floorplan
About This Home
As of July 2024Professional Photography Coming Soon! The views from this residence at the Gateway Grand are absolutely breathtaking! Take in the panoramic views of the Ocean, City Skyline, and Bay perched on the 15th floor of this luxury high rise condominium building in Ocean City, Maryland. This traditional floorplan features 3 bedrooms with each having access to an attached bathroom. The primary suite has access to the balcony and an oversized glass window allowing you to wake up to the sunrise over the ocean. This property truly shows like it has barely been used in its short 16-year lifetime. Delivering fully furnished with a brief exclusion list you will be ready to enjoy all that Summer of 2024 has to offer with little effort to do so. The Gateway Grand has an abundance of amenities including a year-round heated indoor pool, seasonally heated outdoor pool, a 24-hour fitness center, kids club room, and beach storage. You will adore the peace of mind offered by this secure access building that includes security cameras through the amenities and even in the parking garage. The front desk is staffed, and security is present in the evenings. The midtown location offers ease of access to multiple restaurants and entertainment. Coming on the market as soon as professional photography is taken. Deeded storage locker 171 conveys at time of settlement.
Last Agent to Sell the Property
(410) 935-3810 jon@markf.com Keller Williams Realty Delmarva License #618143 Listed on: 05/03/2024
Co-Listed By
(410) 430-5880 grant@markf.com Keller Williams Realty Delmarva License #RA0020779
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $10,699
Year Built
- Built in 2008
Lot Details
- Building is oceanfront but unit may not have water views
- Two or More Common Walls
- West Facing Home
- Sprinkler System
- Property is in excellent condition
HOA Fees
- $922 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
- 1,790 Sq Ft Home
- Property has 1 Level
- Open Floorplan
- Furnished
- Crown Molding
- Ceiling Fan
- Recessed Lighting
- Insulated Windows
- Window Treatments
- Window Screens
- Sliding Doors
- Insulated Doors
- Dining Area
Kitchen
- Electric Oven or Range
- Built-In Microwave
- Freezer
- Dishwasher
- Upgraded Countertops
- Disposal
Flooring
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- En-Suite Bathroom
- Walk-In Closet
- 3 Full Bathrooms
- Whirlpool Bathtub
- Bathtub with Shower
Laundry
- Laundry in unit
- Dryer
- Washer
Home Security
Outdoor Features
- Outdoor Shower
- Water Oriented
- Property is near an ocean
- Balcony
- Exterior Lighting
Location
- Flood Risk
Utilities
- Central Heating and Cooling System
- Electric Water Heater
- Municipal Trash
- Cable TV Available
Listing and Financial Details
- Tax Lot 1502
- Assessor Parcel Number 2410765072
Community Details
Overview
- $2,766 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
- Heated Community Pool
Pet Policy
- Limit on the number of pets
- Dogs and Cats Allowed
Security
- Front Desk in Lobby
- Fire Sprinkler System
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 3, 2024
Closed on
Jul 1, 2024
Sold by
Arbaugh Kenneth M
Bought by
Thomas M Holder And Robyn S Holder Living Tru and Holder
Seller's Agent
Jonathan Barker
Keller Williams Realty Delmarva
Buyer's Agent
Suzanne Macnab
RE/MAX Advantage Realty
Sold Price
$1,299,000
Views
5
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
$39,445
Avg. Annual Appreciation
2.46%
Original Mortgage
$1,104,150
Outstanding Balance
$1,091,038
Interest Rate
7.02%
Mortgage Type
New Conventional
Estimated Equity
$247,407
Purchase Details
Listed on
Jun 26, 2021
Closed on
Jul 15, 2021
Sold by
Cerutti Peter James and Peter James Cerutti Revocable
Bought by
Arbaugh Kenneth M
Seller's Agent
Jonathan Barker
Keller Williams Realty Delmarva
Buyer's Agent
Katy Durham
Coldwell Banker Realty
Sold Price
$960,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.80%
Original Mortgage
$350,000
Interest Rate
2.8%
Mortgage Type
New Conventional
Purchase Details
Listed on
Feb 20, 2021
Closed on
Mar 29, 2021
Sold by
Gardiner Michael K and Gardiner Brenda L
Bought by
Cerutti Peter James and Cerutti Anne Marie
Seller's Agent
Grant Fritschle
Keller Williams Realty Delmarva
Buyer's Agent
Jamie Caine
Coldwell Banker Realty
List Price
$860,000
Sold Price
$861,000
Premium/Discount to List
$1,000
0.12%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
42.06%
Purchase Details
Closed on
Mar 29, 2012
Sold by
Carlyle High Street Ocean City Lp
Bought by
Gardiner Michael K and Gardiner Brenda L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
3.91%
Mortgage Type
New Conventional
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 |
|---|---|---|---|
| Thomas M Holder And Robyn S Holder Living Tru | $1,299,000 | Ocean Investments Title | |
| Thomas M Holder And Robyn S Holder Living Tru | $1,299,000 | Ocean Investments Title | |
| Arbaugh Kenneth M | $960,000 | Endeavor Title Llc | |
| Cerutti Peter James | $861,000 | None Available | |
| Gardiner Michael K | $750,000 | Ocean Investments Title Corp |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Thomas M Holder And Robyn S Holder Living Tru | $1,104,150 | |
| Closed | Thomas M Holder And Robyn S Holder Living Tru | $1,104,150 | |
| Previous Owner | Gardiner Michael K | $270,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/01/2024 07/01/24 | Sold | $1,299,000 | +35.3% | $726 / Sq Ft |
| 05/03/2024 05/03/24 | Pending | -- | -- | -- |
| 07/19/2021 07/19/21 | Sold | $960,000 | +11.5% | $536 / Sq Ft |
| 06/26/2021 06/26/21 | Pending | -- | -- | -- |
| 03/29/2021 03/29/21 | Sold | $861,000 | +0.1% | $522 / Sq Ft |
| 03/09/2021 03/09/21 | Pending | -- | -- | -- |
| 02/20/2021 02/20/21 | For Sale | $860,000 | 0.0% | $521 / Sq Ft |
| 02/20/2021 02/20/21 | Price Changed | $860,000 | -- | $521 / 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 | $10,699 | $1,056,000 | $0 | $0 |
| 2024 | $10,699 | $907,500 | $0 | $0 |
| 2023 | $10,699 | $759,000 | $531,300 | $227,700 |
| 2022 | $10,667 | $759,000 | $531,300 | $227,700 |
| 2021 | $10,725 | $759,000 | $531,300 | $227,700 |
| 2020 | $10,724 | $759,000 | $531,300 | $227,700 |
| 2019 | $10,789 | $758,433 | $0 | $0 |
| 2018 | $10,674 | $757,867 | $0 | $0 |
| 2017 | $10,017 | $757,300 | $0 | $0 |
| 2016 | $6,718 | $705,600 | $0 | $0 |
| 2015 | $6,718 | $653,900 | $0 | $0 |
| 2014 | $6,718 | $602,200 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Jonathan Barker
-
Grant Fritschle
Seller Co-Listing Agent in 2024
Grant Fritschle
Keller Williams Realty Delmarva
(410) 430-5880
229 in this area
339 Total Sales
-
Suzanne Macnab
Buyer's Agent in 2024
Suzanne Macnab
RE/MAX
(302) 228-1251
14 in this area
281 Total Sales
-
Katy Durham
Buyer's Agent in 2021
Katy Durham
Coldwell Banker Realty
(410) 726-2398
55 in this area
67 Total Sales
-
Jamie Caine
Buyer's Agent in 2021
Jamie Caine
Coldwell Banker Realty
(410) 726-0725
171 in this area
255 Total Sales
About Gateway Grand
Map
Source: Bright MLS
MLS Number: MDWO2020736
APN: 10-765072
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