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
3
Beds
3
Baths
1,650
Sq Ft
$741/mo
HOA Fee
Highlights
- Home fronts navigable water
- Access to Tidal Water
- 24-Hour Security
- Ocean City Elementary School Rated A
- Fitness Center
- Open Floorplan
About This Home
As of July 2024Captivating panoramic skyline views are the highlight of this 15th-floor, southern-exposure residence at Ocean City's premier oceanfront building. Meticulously cared for, this residence offers buyers an experience unlike any other building in Ocean City. Enjoy sweeping ocean views, downtown-skyline views and bay-views, all from the comfort of your living room and, your owners-suite. Impeccably designed, and professionally furnished, this is undoubtedly your new beach-home in waiting. Featuring 3 spacious bedrooms and 3 full bathrooms, you'll find plenty of space and room for all of your family and friends to spread out. The Gateway Grand offers owners year-round enjoyment with a heated indoor-pool, state-of-the-art fitness center, kids-club, owners lounges, on-site property management, deeded storage lockers, private parking garage, conditioned corridors, and so much more. Summer 2021 is going to be the best one yet. Start it off right with this new beach home.
Last Agent to Sell the Property
(410) 430-5880 grant@markf.com Keller Williams Realty Delmarva License #RA0020779 Listed on: 02/20/2021
Co-Listed By
(410) 935-3810 jon@markf.com Keller Williams Realty Delmarva License #618143
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $10,724
Year Built
- Built in 2008
Lot Details
- Home fronts navigable water
- Two or More Common Walls
- West Facing Home
- Sprinkler System
HOA Fees
- $741 Monthly HOA Fees
Home Design
- Entry on the 15th floor
- Flat Roof Shape
- Metal Siding
Interior Spaces
- 1,650 Sq Ft Home
- Property has 1 Level
- Open Floorplan
- Furnished
- Crown Molding
- Ceiling height of 9 feet or more
- Window Treatments
- Sliding Doors
- Dining Area
Kitchen
- Breakfast Area or Nook
- Kitchen Island
Flooring
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- En-Suite Bathroom
- Walk-In Closet
- 3 Full Bathrooms
Laundry
- Laundry on main level
- Washer and Dryer Hookup
Home Security
- Exterior Cameras
- Surveillance System
Parking
- 2 Parking Spaces
- 2 Attached Carport Spaces
- Handicap Parking
- Electric Vehicle Home Charger
- Lighted Parking
- Paved Parking
- Parking Lot
- Surface Parking
- Unassigned Parking
- Secure Parking
Accessible Home Design
- Accessible Elevator Installed
- Doors are 32 inches wide or more
Outdoor Features
- Outdoor Shower
- Access to Tidal Water
- Water Access
- Property is near an ocean
- Multiple Balconies
- Exterior Lighting
Utilities
- Central Heating and Cooling System
- Electric Water Heater
- Municipal Trash
- Public Septic
Listing and Financial Details
- Tax Lot 1502
- Assessor Parcel Number 10-765072
Community Details
Overview
- $200 Elevator Use Fee
- $2,223 Capital Contribution Fee
- Association fees include common area maintenance, exterior building maintenance, insurance, management, pool(s), reserve funds, snow removal, water
- $80 Other One-Time Fees
- High-Rise Condominium
- Gateway Grand Condos, Phone Number (410) 723-1119
- Built by Bovis Lendlease
- Gateway Grand Community
- Property Manager
Amenities
- Common Area
- Game Room
- Meeting Room
- Party Room
- 5 Elevators
Recreation
- Heated Community Pool
Security
- 24-Hour Security
- Front Desk in Lobby
- Fire and Smoke Detector
- 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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,299,000 | Ocean Investments Title | |
| Deed | $1,299,000 | Ocean Investments Title | |
| Deed | $960,000 | Endeavor Title Llc | |
| Deed | $861,000 | None Available | |
| Deed | $750,000 | Ocean Investments Title Corp |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,104,150 | New Conventional | |
| Closed | $1,104,150 | New Conventional | |
| Previous Owner | $270,000 | New Conventional |
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: MDWO120166
APN: 10-765072
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