Seller's Agent in 2025
Jonathan Barker
Keller Williams Realty Delmarva
(410) 935-3810
120 in this area
195 Total Sales
Gateway Grand 2 48th St Unit 201 Ocean City, MD 21842
4
Beds
3
Baths
2,385
Sq Ft
$1,292/mo
HOA Fee
Highlights
- Ocean View
- Water Access
- Fitness Center
- Ocean City Elementary School Rated A
- Public Beach
- Building is oceanfront but unit may not have water views
About This Home
As of August 2025This 2385 square foot 4 Bedroom 3 Bathroom Residence at the Gateway Grand is a must see! One of the most impressive parts of this condominium is the oversized living room, which is one of the largest in the building. The residence features two balconies, one of which is accessible from each bedroom and the
very large living room. You will appreciate the southern exposure location which provides an abundance of natural light and warmth. Many upgrades were completed in 2021 and they are still shining 4 years later. The interior of the condominium was completely repainted to include the kitchen cabinets and island. New designer appliances were also installed along with a custom tile backsplash at this time. All TVs were upgraded along with the wall art and living room sectional sofa as well. The area rugs were updated and the dining room chairs were reupholstered. In the bedrooms all linens and comforters were replaced. The Gateway Grand is one of Ocean City's newest and most spectacular luxury condominium building featuring an abundance of amenities including a heated indoor and outdoor pool, state of the art fitness center, private owners lounges, on-site property management, on-site maintenance team, gated parking garage, kids club, and so much more. Ground floor deeded storage locker #39 conveys with residence. The property is currently owner occupied, but is easy to show with notice.
Last Agent to Sell the Property
(410) 935-3810 jon@markf.com Keller Williams Realty Delmarva License #618143 Listed on: 03/05/2025
Co-Listed By
(410) 430-5880 grant@markf.com Keller Williams Realty Delmarva License #RA0020779
Last Buyer's Agent
(443) 614-7048 mitchelldavid06@gmail.com Sheppard Realty Inc License #636139
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $10,581
Year Built
- Built in 2008 | Remodeled in 2021
Lot Details
- Building is oceanfront but unit may not have water views
- Public Beach
- 1 Common Wall
- West Facing Home
- Sprinkler System
- Property is in excellent condition
HOA Fees
- $1,292 Monthly HOA Fees
Parking
- 3 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 2nd floor
- Flat Roof Shape
- Pillar, Post or Pier Foundation
- Metal Siding
Interior Spaces
- 2,385 Sq Ft Home
- Property has 1 Level
- Open Floorplan
- Furnished
- Crown Molding
- Ceiling Fan
- Insulated Windows
- Window Treatments
- Window Screens
- Sliding Doors
- Insulated Doors
- Dining Area
Kitchen
- Electric Oven or Range
- Built-In Microwave
- Ice Maker
- Dishwasher
- Disposal
Flooring
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 4 Main Level Bedrooms
- En-Suite Bathroom
- 3 Full Bathrooms
- Whirlpool Bathtub
- Bathtub with Shower
Laundry
- Laundry in unit
- Dryer
- Washer
Home Security
Outdoor Features
- Outdoor Shower
- Water Access
- Property is near an ocean
- Balcony
- Exterior Lighting
- Wrap Around Porch
Location
- Flood Risk
Utilities
- Central Air
- Heat Pump System
- Electric Water Heater
- Municipal Trash
- Public Septic
- Private Sewer
- Cable TV Available
Listing and Financial Details
- Tax Lot 201
- Assessor Parcel Number 2410763290
Community Details
Overview
- $3,876 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
- Fire Sprinkler System
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 5, 2025
Closed on
Aug 13, 2025
Sold by
Stoltz Stephen W and Stoltz Billie Jo
Bought by
Turner Gregory L and Turner Lisa I
Seller's Agent
Jonathan Barker
Keller Williams Realty Delmarva
Buyer's Agent
Mitchell David
Sheppard Realty Inc
List Price
$1,250,000
Sold Price
$999,900
Premium/Discount to List
-$250,100
-20.01%
Views
122
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
115.83%
Original Mortgage
$724,900
Outstanding Balance
$724,900
Interest Rate
6.67%
Mortgage Type
Seller Take Back
Estimated Equity
$363,298
Purchase Details
Listed on
Nov 26, 2020
Closed on
Jun 4, 2021
Sold by
Tomey David A and Tomey Martha B
Bought by
Stoltz Stephen W and Stoltz Billie Jo
Seller's Agent
Mary Rice
Engel & Völkers Ocean City
Buyer's Agent
Jonathan Barker
Keller Williams Realty Delmarva
List Price
$899,900
Sold Price
$860,000
Premium/Discount to List
-$39,900
-4.43%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.66%
Purchase Details
Closed on
Sep 30, 2008
Sold by
Carlyle High Street Ocean City Lp
Bought by
Tomey David A and Tomey Martha B
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,000
Interest Rate
6.57%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 12, 2008
Sold by
Carlyle High Street Ocean City Lp
Bought by
Tomey David A and Tomey Martha B
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,000
Interest Rate
6.57%
Mortgage Type
Purchase Money Mortgage
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 | $999,900 | Ocean Investments Title | |
| Deed | $999,900 | Ocean Investments Title | |
| Deed | $860,000 | Ocean Investments Title Corp | |
| Deed | $999,900 | -- | |
| Deed | $999,900 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $724,900 | Seller Take Back | |
| Closed | $724,900 | Seller Take Back | |
| Previous Owner | $363,800 | Stand Alone Second | |
| Previous Owner | $183,000 | Purchase Money Mortgage | |
| Previous Owner | $417,000 | Purchase Money Mortgage | |
| Previous Owner | $417,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/13/2025 08/13/25 | Sold | $999,900 | -6.6% | $419 / Sq Ft |
| 06/24/2025 06/24/25 | Price Changed | $1,070,000 | -2.6% | $449 / Sq Ft |
| 04/26/2025 04/26/25 | Price Changed | $1,099,000 | -4.4% | $461 / Sq Ft |
| 04/05/2025 04/05/25 | Price Changed | $1,149,000 | -4.2% | $482 / Sq Ft |
| 03/24/2025 03/24/25 | Price Changed | $1,199,000 | -4.1% | $503 / Sq Ft |
| 03/05/2025 03/05/25 | For Sale | $1,250,000 | +45.3% | $524 / Sq Ft |
| 06/04/2021 06/04/21 | Sold | $860,000 | -4.4% | $367 / Sq Ft |
| 05/16/2021 05/16/21 | Pending | -- | -- | -- |
| 11/26/2020 11/26/20 | For Sale | $899,900 | -- | $384 / 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 | $10,549 | $794,233 | $0 | $0 |
| 2024 | $10,549 | $755,967 | $0 | $0 |
| 2023 | $10,086 | $717,700 | $502,300 | $215,400 |
| 2022 | $10,086 | $717,700 | $502,300 | $215,400 |
| 2021 | $10,142 | $717,700 | $502,300 | $215,400 |
| 2020 | $10,140 | $717,700 | $502,300 | $215,400 |
| 2019 | $10,210 | $717,700 | $502,300 | $215,400 |
| 2018 | $10,108 | $717,700 | $502,300 | $215,400 |
| 2017 | $10,168 | $731,200 | $0 | $0 |
| 2016 | $7,856 | $716,200 | $0 | $0 |
| 2015 | $7,856 | $701,200 | $0 | $0 |
| 2014 | $7,856 | $686,200 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Jonathan Barker
-
Grant Fritschle
Seller Co-Listing Agent in 2025
Grant Fritschle
Keller Williams Realty Delmarva
(410) 430-5880
230 in this area
340 Total Sales
-
Mitchell David
Buyer's Agent in 2025
Mitchell David
Sheppard Realty Inc
(443) 614-7048
118 in this area
152 Total Sales
-
Mary Rice
Seller's Agent in 2021
Mary Rice
Engel & Völkers Ocean City
(410) 726-4984
52 in this area
128 Total Sales
About Gateway Grand
Map
Source: Bright MLS
MLS Number: MDWO2029134
APN: 10-763290
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