Seller's Agent in 2023
Grant Fritschle
Keller Williams Realty Delmarva
(410) 430-5880
207 in this area
309 Total Sales
Gateway Grand 2 48th St Unit 1608 Ocean City, MD 21842
Estimated Value: $1,259,000 - $1,361,000
3
Beds
3
Baths
1,790
Sq Ft
2008
Built
Highlights
- 20 Feet of Waterfront
- Access to Tidal Water
- Fitness Center
- Ocean City Elementary School Rated A
- Sandy Beach
- Open Floorplan
About This Home
As of July 2023We see a lot of stunning residences at The Gateway Grand, but this one stands alone! No attention to detail was spared, as this beach-home was lovingly upgraded and decorated with some of the finest quality finishes we've seen in the building. Highlighted by a smart-home automation system, custom motorized window treatments, custom valances, hand picked furniture and art, custom millwork, a state-of-the-art entertainment system, brand new hvac system..... and so much more. This oceanfront home is so impressive you'll have to see it to believe it. Being sold fully furnished and move-in-ready, the new owners need only to bring their swim-suit and tooth-brush!
The Gateway Grand is Ocean City's finest oceanfront building, offering owners a one-of-a-kind beach lifestyle unlike anyplace else around. Featuring a heated indoor pool, heated outdoor pool, fitness center, deeded storage lockers, on-site property management, gated parking, kids club, and more. This professionally managed Association is financially sound and healthy. Condo fees are $808/mo.
Last Agent to Sell the Property
(410) 524-6400 lwbunting@comcast.net Keller Williams Realty Delmarva License #RA0020779 Listed on: 04/24/2023
Co-Listed By
(410) 524-6400 lwbunting@comcast.net Keller Williams Realty Delmarva License #618143
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $10,814
Year Built
- Built in 2008
Lot Details
- 20 Feet of Waterfront
- Sandy Beach
- Two or More Common Walls
- West Facing Home
- Sprinkler System
HOA Fees
- $808 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- Handicap Parking
- Electric Vehicle Home Charger
- Lighted Parking
- Parking Lot
- Surface Parking
- Unassigned Parking
- Secure Parking
Home Design
- Entry on the 16th 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
- Insulated Windows
- Window Treatments
- Window Screens
- Sliding Doors
- Insulated Doors
Kitchen
- Electric Oven or Range
- Built-In Microwave
- Dishwasher
- Disposal
Flooring
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- Walk-In Closet
- 3 Full Bathrooms
- Whirlpool Bathtub
Laundry
- Laundry in unit
- Dryer
- Washer
Eco-Friendly Details
- ENERGY STAR Qualified Equipment
Outdoor Features
- Outdoor Shower
- Access to Tidal Water
- Water Access
- Property is near an ocean
- Balcony
- Exterior Lighting
Utilities
- Cooling Available
- Heat Pump System
- Electric Water Heater
- Public Septic
- Cable TV Available
Listing and Financial Details
- Tax Lot 1608
- Assessor Parcel Number 2410765277
Community Details
Overview
- $2,424 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 Community
- 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
- Dogs and Cats Allowed
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 1, 2024
Sold by
Bought by
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$766,500
Interest Rate
6.88%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 15, 2024
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$766,500
Interest Rate
6.88%
Mortgage Type
New Conventional
Purchase Details
Listed on
Apr 24, 2023
Closed on
Jul 12, 2023
Sold by
Bought by
Seller's Agent
Grant Fritschle
Keller Williams Realty Delmarva
Buyer's Agent
Phillip Knight
Northrop Realty
List Price
$1,325,000
Sold Price
$1,250,000
Premium/Discount to List
-$75,000
-5.66%
Views
118
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.98%
Purchase Details
Closed on
Jul 26, 2013
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
4.45%
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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | None Listed On Document | ||
| $1,300,000 | Capitol Title | ||
| $1,300,000 | Capitol Title | ||
| $1,250,000 | Ocean Investments Title | ||
| $1,250,000 | Ocean Investments Title | ||
| $869,000 | Ocean Investments Title Corp |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $766,500 | ||
| Previous Owner | $417,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/12/2023 07/12/23 | Sold | $1,250,000 | -5.7% | $698 / Sq Ft |
| 06/15/2023 06/15/23 | Pending | -- | -- | -- |
| 04/24/2023 04/24/23 | For Sale | $1,325,000 | -- | $740 / Sq Ft |
Source: Bright MLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $10,814 | $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 | $11,701 | $828,300 | $0 | $0 |
| 2016 | -- | $794,200 | $0 | $0 |
| 2015 | $8,552 | $760,100 | $0 | $0 |
| 2014 | $8,552 | $726,000 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Grant Fritschle
-
Jonathan Barker
Seller Co-Listing Agent in 2023
Jonathan Barker
Keller Williams Realty Delmarva
(410) 935-3810
109 in this area
173 Total Sales
-
Phillip Knight
Buyer's Agent in 2023
Phillip Knight
Creig Northrop Team of Long & Foster
(302) 278-3221
59 in this area
151 Total Sales
About Gateway Grand
Map
Source: Bright MLS
MLS Number: MDWO2013480
APN: 10-765277
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