NOT LISTED FOR SALE

Gateway Grand 2 48th St Unit 1708 Ocean City, MD 21842

Estimated Value: $1,381,757 - $1,495,000

3 Beds
3 Baths
1,650 Sq Ft
$921/mo HOA Fee

Last Sold May 15, 2024

Last sale price $1,400,000 $848 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $9,996/month

75 Days on Market

Highlights

  • Fitness Center
  • Penthouse
  • Meeting Room
  • Ocean City Elementary School Rated A
  • Community Indoor Pool
  • 2 Car Attached Garage

About This Home

As of May 2024

Your luxury ocean front penthouse in the exceptional Gateway Grand residence awaits. This unit boasts one of a kind views for miles with 250 feet of pristine beach front property at your fingertips. Exquisite primary suite features spa bathroom with double vanity, marble finishes, soaking tub, and separate standing shower. Second suite also features private bath and third bedroom features additional full detached bath, you will never wait nor want in this condo. Gourmet kitchen features like new appliances, custom lighting, and granite countertops. You will love the light airy open layout with towering ceilings. Icing on the cake is your private balcony for morning coffee or evening cocktails with ocean views for as far as the eye can see. Outside the walls of your private escape you will enjoy the endless amities that come with life at the Gateway Grand. Take advantage of the club lounge, private terrace, catering kitchen, indoor and outdoor pools, fitness center and more. Two parking spot and storage units convey. You do not want to miss this show stopping opportunity.

Last Agent to Sell the Property

Meighan Sweeney

Cummings & Co. Realtors Listed on: 02/01/2024

Cummings & Co. Realtors

Last Buyer's Agent

Carol Proctor

Berkshire Hathaway HomeServices PenFed Realty License #RS-0023288

Berkshire Hathaway HomeServices PenFed Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $13,744

Year Built

  • Built in 2008

HOA Fees

  • $921 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Penthouse
  • Brick Exterior Construction
  • Asphalt

Interior Spaces

  • 1,650 Sq Ft Home
  • Property has 1 Level
  • Ceiling Fan
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 3 Full Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Accessible Elevator Installed
  • Flood Risk

Listing and Financial Details

  • Tax Lot 1708
  • Assessor Parcel Number 2410765404

Community Details

Overview

  • $2,763 Capital Contribution Fee
  • Association fees include health club, parking fee, pool(s), recreation facility, common area maintenance
  • $830 Other One-Time Fees
  • High-Rise Condominium
  • Gateway Grand Community

Amenities

  • Meeting Room

Recreation

Pet Policy

  • Pets allowed on a case-by-case basis

Property Details

Home Type

Condominium

Est. Annual Taxes

$13,744

Year Built

Built in 2008

Lot Details

0

HOA Fees

$921 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Penthouse Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Unit/Flat
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • Inclusions: See inventory addendum-fully furnished
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2024-02-01
  • Federal Flood Zone: Yes
  • Year Built: 2008
  • Automatically Close On Close Date: No
  • Remarks Public: Your luxury ocean front penthouse in the exceptional Gateway Grand residence awaits. This unit boasts one of a kind views for miles with 250 feet of pristine beach front property at your fingertips. Exquisite primary suite features spa bathroom with double vanity, marble finishes, soaking tub, and separate standing shower. Second suite also features private bath and third bedroom features additional full detached bath, you will never wait nor want in this condo. Gourmet kitchen features like new appliances, custom lighting, and granite countertops. You will love the light airy open layout with towering ceilings. Icing on the cake is your private balcony for morning coffee or evening cocktails with ocean views for as far as the eye can see. Outside the walls of your private escape you will enjoy the endless amities that come with life at the Gateway Grand. Take advantage of the club lounge, private terrace, catering kitchen, indoor and outdoor pools, fitness center and more. Two parking spot and storage units convey. You do not want to miss this show stopping opportunity.
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 17
  • Fireplace: No
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 1650
  • Living Area Sq Ft: 1650
  • Price Per Sq Ft: 848.48
  • Above Grade Finished Sq Ft: 1650
  • 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: Brick, Asphalt
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Covered Parking
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 921.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Exercise Room, Fitness Center, Meeting Room, Pool - Indoor
  • HOA Condo Co-Op Fee Includes: Health Club, Parking Fee, Pool(s), Recreation Facility, Common Area Maintenance
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Other Fees: 830.00
  • Other Fees Frequency: One Time
  • Capital Contribution Fee: 2763.00

Schools

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

Lot Info

  • Land Use Code: U
  • Lot Dimensions: 0.00 x 0.00
  • Year Assessed: 2023
  • Zoning: R8
  • In City Limits: Yes

Rental Info

  • Pets: Case By Case Basis
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 13744.00
  • Assessor Parcel Number: 2410765404
  • Tax Lot: 1708
  • Tax Total Finished Sq Ft: 1650
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 05/15/2024

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2024
Closed on
May 15, 2024
Sold by
Gateway1708 Llc
Bought by
Heist Elmer Patrick and Sosa Dial Trelawny
Seller's Agent
Meighan Sweeney
Cummings & Co. Realtors
Buyer's Agent
Carol Proctor
Berkshire Hathaway HomeServices PenFed Realty
List Price
$1,500,000
Sold Price
$1,400,000
Premium/Discount to List
-$100,000
-6.67%
Views
156
Current Estimated Value
$1,443,939

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,939
Avg. Annual Appreciation
2.42%

Purchase Details

Closed on
Mar 9, 2017
Sold by
Carue High St Ocean City Lp
Bought by
Gate Way 1708 Llc
Source: Public Records

Range of Values:

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List Price
Sold Price
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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
Heist Elmer Patrick $1,400,000 Fidelity National Title
Gate Way 1708 Llc $1,200,000 Ocean Investments Title Corp
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2024 05/15/24 Sold $1,400,000 0.0% $848 / Sq Ft
04/17/2024 04/17/24 Pending -- -- --
04/04/2024 04/04/24 Price Changed $1,400,000 -6.7% $848 / Sq Ft
02/01/2024 02/01/24 For Sale $1,500,000 +25.0% $909 / Sq Ft
05/09/2017 05/09/17 Sold $1,200,000 0.0% $670 / Sq Ft
04/27/2017 04/27/17 For Sale $1,199,900 -- $670 / 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
2025 $14,672 $1,128,000 $0 $0
2024 $14,672 $1,051,500 $0 $0
2023 $13,702 $975,000 $682,500 $292,500
2022 $13,702 $975,000 $682,500 $292,500
2021 $13,778 $975,000 $682,500 $292,500
2020 $15,502 $1,097,200 $768,000 $329,200
2019 $14,199 $998,100 $0 $0
2018 $12,662 $899,000 $0 $0
2017 $11,299 $799,900 $0 $0
2016 -- $775,267 $0 $0
2015 $8,552 $750,633 $0 $0
2014 $8,552 $726,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Meighan Sweeney

    Seller's Agent in 2024

    Meighan Sweeney

    Cummings & Co Realtors

    (410) 279-0087

    1 in this area

    158 Total Sales

    Meighan Sweeney
    Section Image
  • Carol Proctor

    Buyer's Agent in 2024

    Carol Proctor

    BHHS PenFed (actual)

    (443) 567-0650

    406 in this area

    556 Total Sales

    Carol Proctor
    Section Image
  • Grant Fritschle

    Seller's Agent in 2017

    Grant Fritschle

    Keller Williams Realty Delmarva

    (410) 430-5880

    232 in this area

    342 Total Sales

    Grant Fritschle
    Section Image

  • M

    Seller Co-Listing Agent in 2017

    Mark Fritschle

    RE/MAX Premier Properties

  • Dave Whittington

    Buyer's Agent in 2017

    Dave Whittington

    Coastal Life Realty Group LLC

    (410) 430-5283

    152 in this area

    181 Total Sales

    Dave Whittington
    Section Image
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About Gateway Grand

Map

Source: Bright MLS

MLS Number: MDWO2018312

Bright MLS

APN: 10-765404

Maryland Worcester County Ocean City 21842

2 48th St Unit 1708, Ocean City, MD

This home is located at 2 48th St Unit 1708, Ocean City, MD 21842 since 01 February 2024 and is currently estimated at $1,443,939, approximately $875 per square foot. This property was built in 2008. 2 48th St Unit 1708 is a home located in Worcester County with nearby schools including Ocean City Elementary School, Stephen Decatur Middle School, and Berlin Intermediate School.

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