18 days on rocket

Sale Pending

2 48th St Unit 1502, Ocean City, MD, 21842

$1,299,000

Home List Price

$10,000*

Closing Credit

3 Bedrooms
3 Full Baths
1,790 SqFt
$726/SqFt
Condo
Schools Nearby

Location

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2 48th St Unit 1502, Ocean City$1,299,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingCovered Parking, Electric Vehicle Charging Station(s), Handicap Parking, Lighted Parking, Paved Driveway, Secure Parking, Surface, Unassigned, Attached Garage, Parking Lot
Garage2 spaces
Year Built2008
HeatingCentral
CoolingCentral Air
ViewBay, City, Ocean
MLS #MDWO2020736
StatusSale Pending
(PENDING)

About 2 48th St Unit 1502

Professional Photography Coming Soon! The views from this residence at the Gateway Grand are absolutely breathtaking! Take in the panoramic views of the Ocean, City Skyline, and Bay perched on the 15th floor of this luxury high rise condominium building in Ocean City, Maryland. This traditional floorplan features 3 bedrooms with each having access to an attached bathroom. The primary suite has access to the balcony and an oversized glass window allowing you to wake up to the sunrise over the ocean. This property truly shows like it has barely been used in its short 16-year lifetime. Delivering fully furnished with a brief exclusion list you will be ready to enjoy all that Summer of 2024 has to offer with little effort to do so. The Gateway Grand has an abundance of amenities including a year-round heated indoor pool, seasonally heated outdoor pool, a 24-hour fitness center, kids club room, and beach storage. You will adore the peace of mind offered by this secure access building that includes security cameras through the amenities and even in the parking garage. The front desk is staffed, and security is present in the evenings. The midtown location offers ease of access to multiple restaurants and entertainment. Coming on the market as soon as professional photography is taken. Deeded storage locker 171 conveys at time of settlement.

Property Details

Property Features

Property Information:

  • Architectural Style: Unit/Flat
  • Year Built: 2008
  • Stories: 1
  • Living Area: 1,790 SqFt

Listing Office:

  • Office Name: Keller Williams Realty Delmarva
  • Office Phone: (410) 524-6400
  • Listing Agent: Jonathan M Barker

Interior Features

Interior Information:

  • Appliances: Microwave, Dishwasher, Disposal, Dryer, Freezer, Oven, Electric Range, Refrigerator, Washer
  • Basement: No
  • Flooring Type: Carpet, Ceramic Tile
  • Interior: Carpet, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Crown Moldings, Dining Area, Entry Level Bedroom, Flat, Floor Plan - Open, Pantry, Primary Bath(s), Recessed Lighting, Soaking Tub, Sprinkler System, Tub Shower, Upgraded Countertops, Walk-in Closet(s), WhirlPool/HotTub, Window Treatments

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • View: Bay, City, Ocean
  • Exterior: Exterior Lighting, Outside Shower, Sidewalks, Underground Lawn Sprinkler

Parking Information:

  • Garage Space: 2 spaces
  • Parking: Covered Parking, Electric Vehicle Charging Station(s), Handicap Parking, Lighted Parking, Paved Driveway, Secure Parking, Surface, Unassigned, Attached Garage, Parking Lot

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Stephen Decatur High School, Public District Grades 9-12
  • Stephen Decatur Middle School, Public District Grades 7-8
  • Berlin Intermediate School, Public District Grades 4-6
  • Ocean City Elementary School, Public District Grades PK-4

Other

Directions Information:

  • Directions: Coastal Hwy South, Left on 48th Street, Building oceanfront on Left.

Municipality:

  • Ocean City

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,299,000
  • Price Per SqFt: $726/SqFt

Tax Information:

  • Annual Amount: $10,725
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Ocean City, MD.

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Ocean City, MD

City

Med. Sold Price

$439.4K

Med. Price/SqFt

$431

Avg. Days On Market

50

# of Sold Homes

98

2 48th St Unit 1502 vs Ocean City

18 DAYS ON ROCKET

-32 Days

$1,299,000

+$859.5K More

$726/SqFt

+$294 More

KEY TAKEAWAY

This property is $859.5K more than the Median Sold Price and $294/SqFt more than other homes in Ocean City, MD.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #MDWO2020736

Listing Office:

  • Office Name: Keller Williams Realty Delmarva
  • Office Phone: (410) 524-6400
  • Listing Agent: Jonathan M Barker

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers 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 on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. 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. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/20/2024, 7:20:36 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 26, 2021Home Sold
$960,000
Mar 29, 2012Home Sold
$750,000

Tax History

YEARPROP. TAXASSESSMENT
2021$10,725$759,000
2020$10,723$759,000
2019$10,789$758,433
2018$10,706$757,867
2017$10,698$757,300

History based on county public records data.

Payment Calculator

$6,551

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,961

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4503894
10
/10

  • Ocean City Elementary School

  • 12828 Center Dr

  • 2.75 miles

  • Public District Grades PK-4

Middle School

school-card-donut-4503895
10
/10

  • Stephen Decatur Middle School

  • 9815 Seahawk Rd

  • 6.95 miles

  • Public District Grades 7-8

school-card-donut-4503896
5
/10

  • Berlin Intermediate School

  • 309 Franklin Ave

  • 8.23 miles

  • Public District Grades 4-6

High School

school-card-donut-4503897
7
/10

  • Stephen Decatur High School

  • 9913 Seahawk Rd

  • 6.95 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $44,474. Residents of Ocean City, MD typically earn between $35k-100k each year. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2 48th St Unit 1502

What is the listing price of this property?

The listing price of 2 48th St Unit 1502 property is $1,299,000.

What type of property is this?

The property 2 48th St Unit 1502 is a condo located in Ocean City, Maryland, 21842.

Is this property for sale now?

Sale Pending: 2 48th St Unit 1502 is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.

What are the assigned schools for this property?

The assigned schools for 2 48th St Unit 1502 are:
Ocean City Elementary School: GreatSchools Rating 10/10
Stephen Decatur Middle School: GreatSchools Rating 10/10
Berlin Intermediate School: GreatSchools Rating 5/10
Stephen Decatur High School: GreatSchools Rating 7/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $10,725 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on July 26, 2021 for $960,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 2 48th St Unit 1502 has 3 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 2 48th St Unit 1502 is 1,790 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 2 48th St Unit 1502 is 2008.

Rocket Homes›Maryland›Worcester County›Ocean City›21842›2 48th St Unit 1502

This home is located at 2 48th St Unit 1502 in Ocean City, MD and zip code 21842. This 1,790 square foot home was built in 2008. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since May 02, 2024 and is currently priced at $1,299,000.

In April 2024, from all listings sold in Ocean City, MD there were more than 14 sold above asking price, over 64 sold below and more than 20 were sold right at the asked price. The number of listings in Ocean City, MD increased by 4% between March 2024 and April 2024. Listings spent 50 days on the market in April 2024, and had a median list price of $439,438 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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