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2 48TH Street , #201

OCEAN CITY, MD 21842
  • $1,250,000
  • STATUS: Active
  • ON SITE: 48 Days
  • ID#: MDWO2009722
UPDATED: 218 min ago
$1,250,000
  • 4
    BEDS
  • N/A
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 2,385
    SQFT
  • $524
    $/SQFT
Neighborhood:
Type:
Condo
Built:
2008
County:

School Ratings & Info

Description

This 2385 square foot 4 Bedroom 3 Bathroom Residence at the Gateway Grand is a must see! The interior of the condominium was completely repainted in 2021 to include the kitchen cabinets and island. New designer appliances were also installed along with a custom tile backsplash. The owner replaced the majority of the contents of the kitchen, which do convey with this fully furnished, turn-key property. All TVs were upgraded along with the wall art and living room sectional sofa. The area rugs were updated and the dining room chairs were reupholstered as well. In the bedrooms all linens and comforters were replaced. The residence also features two balconies, one of which is accessible from each bedroom and the living room. You will appreciate the southern exposure location which provides an abundance of natural light and warmth. Currently in a rental program grossing nearly $66,000 from June 18, 2022 to Sept 10, 2022. Additional weeks could be booked producing more potential income in this highly sought after complex. See the attached rental projection estimating nearly $96,000 in possible gross rental income. 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.

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or At The Beach Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-10-03T23:50:26.143.
www.bartonatthebeach.com/homes/132192791
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2 48TH Street , #201 OCEAN CITY, MD 21842

  • Price: $1,250,000
  • Status: Active
  • On Site: 48 Days
  • Updated: 218 min ago
  • ID#: MDWO2009722
4
Beds
3
Baths
0
½ Baths
N/A
Acres
2,385
SQFT
$524
$/SQFT
2008
Built
Neighborhood:
None Available
County:
Worcester
Area:
Oceanfront Indirect View (81)
School District:
Worcester County Public Schools
Property Description
This 2385 square foot 4 Bedroom 3 Bathroom Residence at the Gateway Grand is a must see! The interior of the condominium was completely repainted in 2021 to include the kitchen cabinets and island. New designer appliances were also installed along with a custom tile backsplash. The owner replaced the majority of the contents of the kitchen, which do convey with this fully furnished, turn-key property. All TVs were upgraded along with the wall art and living room sectional sofa. The area rugs were updated and the dining room chairs were reupholstered as well. In the bedrooms all linens and comforters were replaced. The residence also features two balconies, one of which is accessible from each bedroom and the living room. You will appreciate the southern exposure location which provides an abundance of natural light and warmth. Currently in a rental program grossing nearly $66,000 from June 18, 2022 to Sept 10, 2022. Additional weeks could be booked producing more potential income in this highly sought after complex. See the attached rental projection estimating nearly $96,000 in possible gross rental income. 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.
Exterior Features

Architectural Style Unit/Flat Construction Materials ConcreteMetal Siding Direction Faces West Door Features InsulatedSliding Glass Exterior Features Exterior LightingOutside ShowerSidewalksUnderground Lawn Sprinkler Garage Spaces 3.00 Garage Type Covered Parking Garage YN Yes Location Type Oceanblock Other Structures Above GradeBelow Grade Parking Features Electric Vehicle Charging Station(S)Handicap ParkingLighted ParkingPaved DrivewaySecure ParkingSurfaceUnassigned Parking Types Attached GarageParking Lot Patio And Porch Features BalconyWrap Around Pool Yes - Community Property Condition Excellent Riparian Rights YN No Roof Flat Unit Building Type Hi-Rise 9+ Floors View CityOcean Water Access YN No Water Body Name Atlantic Water Body Type Ocean Water Oriented YN Yes Water View YN Yes Waterfront YN No

Interior Features

Above Grade Fin SQFT 2385 Appliances Built-In MicrowaveDishwasherDisposalDryerIcemakerOven/Range - ElectricRefrigeratorWasher Basement YN No Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Central A/C Exclusions 2 Swivel Chairs in Living RoomSome Contents Of The Storage LockerFamily PhotosAnd Contents Of Owner's Closet in Residence Fireplace YN No Flooring CarpetCeramic Tile Furnished Yes Heating Heat Pump(S) Heating YN Yes Inclusions Fully Furnished Interior Features Ceiling Fan(S)CarpetCombination Dining/LivingCombination Kitchen/DiningCrown MoldingsDining AreaEntry Level BedroomFloor Plan - OpenPrimary Bath(S)Soaking TubSprinkler SystemTub ShowerWhirlpool/HottubWindow Treatments Laundry Type Dryer In UnitWasher In Unit Levels 1 Main Level Bedrooms 4 Pets Allowed Cats OkDogs OkNumber Limit Rooms Total 11 Security Features Sprinkler System - Indoor Unit Floors 1 Walls Ceilings Dry Wall

Property Features

Acceptable Financing CashConventional Accessibility Features None Assessment Year 2022 Association Amenities Common GroundsElevatorExercise RoomFitness CenterGame RoomMeeting RoomParty RoomPool - IndoorPool - OutdoorSwimming Pool Association Fee Includes Common Area MaintenanceExt Bldg MaintHealth ClubInsuranceManagementPool(S)Reserve FundsWater Association Fee2 1010.00 Association Fee2 Frequency Monthly Association YN No Builder Model C Builder Name Bovis Lendlease Central Air YN Yes Common Walls 2+ Common Walls Condo YN Yes Cooling Fuel Electric Electric Circuit Breakers Elevator Use Fee 200.00 Elevators 5 Entry Level 2 Federal Flood Zone X Federal Flood Zone YN Yes Foundation Details Pillar/Post/Pier Heating Fuel Electric Horse YN No Hot Water Electric Internet Services Cable Lease Considered YN No Municipality Ocean City Navigable Water YN N New Construction YN No Number Of Units Total 1 Original MLSNumber 801816268284 Other Fees 80.00 Other Fees Frequency One Time Ownership Interest Condominium Pets Allowed YN Yes Possession Settlement Sale Type Standard Senior Community YN No Sewer Private SewerPublic Septic Structure Design Type Unit/Flat/Apartment Tax Annual Amount 10142.00 Tax Assessment Amount 717700.00 Tax Lot 201 Total Actual Rent 65992.90 Transportation Bus Stop Less Than 1 Mile Utilities Cable Tv AvailableElectric Available Vacation Rental YN Yes Water Source Public Window Features InsulatedScreens Year Built Effective 2021 Zoning Residential Condominium

Listing courtesy of Keller Williams Realty Delmarva: .


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or At The Beach Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-10-03T23:50:26.143.
 
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At The Beach Real Estate
11615 1/2 Coastal Hwy Suite H
Ocean City MD, 21842