Seller's Agent in 2024
Jonathan Barker
Keller Williams Realty Delmarva
(410) 935-3810
112 in this area
178 Total Sales
Gateway Grand 2 48th St Unit 810 Ocean City, MD 21842
Estimated Value: $1,300,000 - $1,439,000
3
Beds
3
Baths
1,790
Sq Ft
$922/ mo
HOA Fee
Highlights
- 40 Feet of Waterfront
- Ocean View
- Fitness Center
- Ocean City Elementary School Rated A
- Sandy Beach
- Open Floorplan
About This Home
As of August 2024This stunning direct ocean front residence is a must see! Featuring 3 bedrooms and 3 bathrooms with the primary suite located directly on the ocean! This property is being sold fully furnished with upgrades and has never been rented by the current owners or the previous original owners. Upgrades include new designer carpet in the bedrooms, a luxurious tiled shower in the guest suite's bathroom, new bathroom light fixtures, a new TV in the living room with sound bar, and a new TV in primary bedroom. The list of upgrades continues and a detailed list is included as an attachment to this listing. The Gateway Grand is one of Ocean's City's newest and most lavish condominium complexes. A secure access building with amenities that include an outdoor heated pool, an indoor heated pool, multiple owner's lounges, a grand lobby with front desk staffed by on-site management during the day and security during the evenings, an attached parking garage (with 2 unassigned spots), deeded beach storage (ground floor #62), a kid's club room, and a 24/7 access fitness center. Sellers will not settle prior to August 31st, 2024 unless provided occupancy at no charge through that date.
Last Agent to Sell the Property
(410) 524-6400 lwbunting@comcast.net Keller Williams Realty Delmarva License #618143 Listed on: 06/13/2024
Co-Listed By
(410) 524-6400 lwbunting@comcast.net Keller Williams Realty Delmarva License #RA0020779
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $10,582
Year Built
- Built in 2008
Lot Details
- 40 Feet of Waterfront
- Ocean Front
- Home fronts navigable water
- Sandy Beach
- Public Beach
- Two or More Common Walls
- West Facing Home
- Sprinkler System
- Property is in excellent condition
HOA Fees
- $922 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 8th 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
- Recessed Lighting
- Insulated Windows
- Window Treatments
- Window Screens
- Sliding Doors
- Insulated Doors
- Dining Area
Kitchen
- Electric Oven or Range
- Built-In Microwave
- Freezer
- Dishwasher
- Upgraded Countertops
- Disposal
Flooring
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- En-Suite Bathroom
- Walk-In Closet
- 3 Full Bathrooms
- Whirlpool Bathtub
- Bathtub with Shower
Laundry
- Laundry in unit
- Dryer
- Washer
Home Security
Outdoor Features
- Water Access
- Property is near an ocean
- Balcony
- Exterior Lighting
Location
- Flood Risk
Utilities
- Central Heating and Cooling System
- Electric Water Heater
- Municipal Trash
- Cable TV Available
Listing and Financial Details
- Tax Lot 810
- Assessor Parcel Number 2410764300
Community Details
Overview
- $2,766 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
Pet Policy
- Limit on the number of pets
- Dogs and Cats Allowed
Security
- Front Desk in Lobby
- Fire Sprinkler System
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 13, 2024
Closed on
Aug 23, 2024
Sold by
Anne Marie Cerutti Revocable Trust and Cerutti Peter James
Bought by
Wadsworth Jeffrey and Wadsworth Lisa
Seller's Agent
Jonathan Barker
Keller Williams Realty Delmarva
Buyer's Agent
Lori Gough
Long & Foster Real Estate, Inc.
List Price
$1,350,000
Sold Price
$1,350,000
Views
56
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
$10,251
Avg. Annual Appreciation
0.48%
Original Mortgage
$1,080,000
Outstanding Balance
$1,067,543
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$292,708
Purchase Details
Closed on
Sep 18, 2021
Sold by
Johnson Todd S and Johnson Victoria H
Bought by
Cerutti Peter James and Cerutti Marie Anne
Purchase Details
Closed on
Jun 1, 2010
Sold by
Carlyle High Street Ocean City Lp
Bought by
Johnson Todd S and Johnson Victoria H
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Wadsworth Jeffrey | $1,350,000 | Crown Title | |
| Wadsworth Jeffrey | $1,350,000 | Crown Title | |
| Cerutti Peter James | $1,000,000 | Ocean Investments Title Corp | |
| Johnson Todd S | $820,900 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Wadsworth Jeffrey | $1,080,000 | |
| Closed | Wadsworth Jeffrey | $1,080,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/23/2024 08/23/24 | Sold | $1,350,000 | 0.0% | $754 / Sq Ft |
| 07/08/2024 07/08/24 | Pending | -- | -- | -- |
| 06/13/2024 06/13/24 | For Sale | $1,350,000 | -- | $754 / Sq Ft |
Source: Bright MLS
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 | $13,932 | $1,020,233 | $0 | $0 |
| 2024 | $12,356 | $885,467 | $0 | $0 |
| 2023 | $10,550 | $750,700 | $525,400 | $225,300 |
| 2022 | $10,550 | $750,700 | $525,400 | $225,300 |
| 2021 | $10,608 | $750,700 | $525,400 | $225,300 |
| 2020 | $10,648 | $750,700 | $525,400 | $225,300 |
| 2019 | $10,679 | $750,700 | $525,400 | $225,300 |
| 2018 | $10,573 | $750,700 | $525,400 | $225,300 |
| 2017 | $11,009 | $800,200 | $0 | $0 |
| 2016 | -- | $775,467 | $0 | $0 |
| 2015 | $8,554 | $750,733 | $0 | $0 |
| 2014 | $8,554 | $726,000 | $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
210 in this area
316 Total Sales
-
Lori Gough
Buyer's Agent in 2024
Lori Gough
Long & Foster
(410) 320-0851
2 in this area
87 Total Sales
About Gateway Grand
Map
Source: Bright MLS
MLS Number: MDWO2021410
APN: 10-764300
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