Gateway Grand 2 48th St Unit 201 Ocean City, MD 21842
4
Beds
3
Baths
2,345
Sq Ft
$1,010/mo
HOA Fee
Highlights
- Beach
- Water Access
- 24-Hour Security
- Ocean City Elementary School Rated A
- Fitness Center
- Building is oceanfront but unit may not have water views
About This Home
As of June 2021This stunning 4 bedroom/3 full bath unit in the beautiful Gateway Grand enjoys a pretty ocean view from the balcony. The living spaces are oversized and perfect for relaxing after a day on the beach or a night on the town. The well-appointed kitchen offers granite counters, stainless steel appliances and a huge center island with breakfast bar seating. All bathrooms are luxurious and the bedrooms are spacious. The central location is close to excellent dining options and plenty of family fun. Gateway Grand boasts a fabulous community pool, 24 hour security and this beauty has over 10 years of proven rental history. This is the spot for memory making in Ocean City. A must see!
Last Agent to Sell the Property
Engel & Völkers Ocean City License #668004 Listed on: 11/26/2020
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $10,140
Year Built
- Built in 2008
Lot Details
- Building is oceanfront but unit may not have water views
- East Facing Home
- Extensive Hardscape
- Sprinkler System
- Property is in excellent condition
HOA Fees
- $1,010 Monthly HOA Fees
Parking
- Assigned Parking Garage Space
Home Design
- Coastal Architecture
Interior Spaces
- 2,345 Sq Ft Home
- Property has 1 Level
- Open Floorplan
- Furnished
- Crown Molding
- Ceiling Fan
- Window Treatments
- Family Room Off Kitchen
- Carpet
Kitchen
- Gourmet Kitchen
- Breakfast Area or Nook
- Electric Oven or Range
- Self-Cleaning Oven
- Built-In Microwave
- ENERGY STAR Qualified Refrigerator
- Ice Maker
- Dishwasher
- Stainless Steel Appliances
- Kitchen Island
- Upgraded Countertops
- Wine Rack
- Disposal
Bedrooms and Bathrooms
- 4 Main Level Bedrooms
- En-Suite Bathroom
- Walk-In Closet
- 3 Full Bathrooms
- Soaking Tub
- Bathtub with Shower
- Walk-in Shower
Laundry
- Laundry in unit
- Electric Dryer
- Washer
Home Security
- Home Security System
- Exterior Cameras
Eco-Friendly Details
- Energy-Efficient Windows
- ENERGY STAR Qualified Equipment for Heating
Outdoor Features
- Outdoor Shower
- Water Access
- Property is near an ocean
- Multiple Balconies
- Terrace
- Outdoor Storage
- Breezeway
Schools
- Ocean City Elementary School
- Stephen Decatur Middle School
- Stephen Decatur High School
Utilities
- Central Heating and Cooling System
- Heat Pump System
- Vented Exhaust Fan
- Phone Available
- Cable TV Available
Additional Features
- Doors are 32 inches wide or more
- Flood Risk
Listing and Financial Details
- Property is used as a vacation rental
- Tax Lot 201
- Assessor Parcel Number 10-763290
Community Details
Overview
- $200 Elevator Use Fee
- $3,030 Capital Contribution Fee
- Association fees include common area maintenance, custodial services maintenance, exterior building maintenance, insurance, lawn maintenance, management, pool(s), recreation facility, reserve funds, trash
- $80 Other One-Time Fees
- High-Rise Condominium
- The Gateway Grand Condos, Phone Number (410) 723-1119
- Built by High Street Carlyle
- Gateway Grand Community
- Property Manager
Amenities
- Common Area
- Game Room
- Meeting Room
- Party Room
- 5 Elevators
- Community Storage Space
Recreation
- Beach
- Lap or Exercise Community Pool
Pet Policy
- Pet Deposit Required
- Dogs and Cats Allowed
Security
- 24-Hour Security
- Front Desk in Lobby
- Carbon Monoxide Detectors
- Fire Sprinkler System
Ownership History
Date
Name
Owned For
Owner Type
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%
Total Days on Market
170
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.40%
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
Similar Homes in Ocean City, MD
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 | $860,000 | Ocean Investments Title Corp | |
| Deed | $999,900 | -- | |
| Deed | $999,900 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| 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 |
|---|---|---|---|---|
| 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 |
|---|---|---|---|---|
| 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
-
Grant Fritschle
Seller Co-Listing Agent in 2025
Grant Fritschle
Keller Williams Realty Delmarva
(410) 430-5880
245 in this area
370 Total Sales
-
Mary Rice
Seller's Agent in 2021
Mary Rice
Engel & Völkers Ocean City
(410) 726-4984
54 in this area
128 Total Sales
-
Jonathan Barker
Buyer's Agent in 2021
Jonathan Barker
Keller Williams Realty Delmarva
(410) 935-3810
140 in this area
221 Total Sales
About Gateway Grand
Map
Source: Bright MLS
MLS Number: MDWO118606
APN: 10-763290
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