15 days on rocket

2 48th St Unit 207, Ocean City, MD, 21842

$1,265,000

Home List Price

$10,000*

Closing Credit

3 Bedrooms
3 Full Baths
1,806 SqFt
$700/SqFt
Condo
Schools Nearby

Location

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2 48th St Unit 207, Ocean City$1,265,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingOther, Parking Garage, Parking Lot
Garage2 spaces
Year Built2008
HeatingCentral
CoolingCentral Air
ViewOcean
MLS #MDWO2020726
StatusActive
(ACTIVE)

About 2 48th St Unit 207

Oceanfront sophistication at the Gateway Grand. This recently updated direct oceanfront condo offers three bedrooms, three full-bathrooms and a large, open living area. The living area features the oceanfront living room, a dining area, office space, utility room and a chef’s kitchen with designer cabinets, granite countertops, higher-end appliances and a large center island. Luxury vinyl plank flooring has been installed throughout the entire living area and in all of the bedrooms. The large, private balcony off of the living area and master bedroom is a great place to relax, unwind and enjoy the beautiful oceanfront views. The oceanfront master bedroom features beautiful ocean and beach views from the large window and sliding glass door as well as an ensuite full-bathroom with dual vanity sinks, designer cabinet, granite countertops, tile flooring, jacuzzi tub and a separate tiled shower. Both generously sized guest bedrooms are located in the rear of the condo for added privacy and feature ensuite full-bathrooms. The second and third full-bathrooms feature designer cabinets, granite countertops and tiled showers. The condo has been beautifully furnished and appointed throughout, emanating a sophisticated coastal vibe. It has been well-maintained and is in excellent condition. The Gateway Grand offers one of the best amenity packages in town with indoor and outdoor pools, fitness center, kids game room, meeting and party facilities, multiple elevators, conditioned storage areas, onsite management and maintenance, grand resort-style lobby, controlled access parking garage, direct beach access and more. The building itself is well managed with an active association and is always in excellent condition. This is oceanfront living at its finest. Schedule your private showing today.

Property Details

Property Features

Property Information:

  • Architectural Style: Unit/Flat
  • Year Built: 2008
  • Stories: 1
  • Living Area: 1,806 SqFt

Listing Office:

  • Office Name: Coastal Life Realty Group LLC
  • Office Phone: (443) 235-8382
  • Listing Agent: Nicholas Bobenko

Interior Features

Interior Information:

  • Appliances: Microwave, Dishwasher, Disposal, Dryer, Exhaust Fan, Oven, Electric Range, Refrigerator, Stainless Steel Appliances, Washer, Water Heater
  • Basement: No
  • Flooring Type: Luxury Vinyl Plank, Ceramic Tile
  • Interior: Ceiling Fan(s), Dining Area, Floor Plan - Open, Primary Bath(s), Primary Bedroom - Ocean Front, Soaking Tub, Other

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • View: Ocean

Parking Information:

  • Garage Space: 2 spaces
  • Parking: Other, Parking Garage, Parking Lot

Virtual/3D Tour

  • 3D Tour: 2 48th St Unit 207

3D Tour

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: Oceanfront on 48th St.

Municipality:

  • Ocean City

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,265,000
  • Price Per SqFt: $700/SqFt

Tax Information:

  • Annual Amount: $10,306
  • 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 207 vs Ocean City

15 DAYS ON ROCKET

-35 Days

$1,265,000

+$825.5K More

$700/SqFt

+$268 More

KEY TAKEAWAY

This property is $825.5K more than the Median Sold Price and $268/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: #MDWO2020726

Listing Office:

  • Office Name: Coastal Life Realty Group LLC
  • Office Phone: (443) 235-8382
  • Listing Agent: Nicholas Bobenko

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: 5/17/2024, 6:20:40 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 23, 2020Home Sold
$750,000
Jan 18, 2018Home Sold
$750,000
Sep 30, 2009Home Sold
$759,900

Tax History

YEARPROP. TAXASSESSMENT
2021$10,306$729,300
2020$10,304$729,300
2019$10,375$729,300
2018$10,302$729,300
2017$11,188$792,000

History based on county public records data.

Payment Calculator

$6,381

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,859

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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-2791531
10
/10

  • Ocean City Elementary School

  • 12828 Center Dr

  • 2.75 miles

  • Public District Grades PK-4

Middle School

school-card-donut-2791532
10
/10

  • Stephen Decatur Middle School

  • 9815 Seahawk Rd

  • 6.95 miles

  • Public District Grades 7-8

school-card-donut-2791533
5
/10

  • Berlin Intermediate School

  • 309 Franklin Ave

  • 8.23 miles

  • Public District Grades 4-6

High School

school-card-donut-2791534
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. The most common annual income of people living in Ocean City, MD is between $35k-100k. Typical family type is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2 48th St Unit 207

What is the listing price of this property?

The listing price of 2 48th St Unit 207 property is $1,265,000.

What type of property is this?

The property 2 48th St Unit 207 is a condo located in Ocean City, Maryland, 21842.

Is this property for sale now?

Active Listing: 2 48th St Unit 207 is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 2 48th St Unit 207 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 $10,306 (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 23, 2020 for $750,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 2 48th St Unit 207 has 3 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 2 48th St Unit 207 is 1,806 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 2 48th St Unit 207 is 2008.

Rocket Homes›Maryland›Worcester County›Ocean City›21842›2 48th St Unit 207

This home is located at 2 48th St Unit 207 in Ocean City, MD and zip code 21842. This 1,806 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 $1,265,000.

In April 2024 more than 14 listings in Ocean City, MD were sold above the asking price. During the same period more than 20 listings were sold at asking price, while more than 64 were sold below. Between March 2024 and April 2024, Ocean City, MD real estate market has seen increase in the number of listings by 4%. In April 2024 median list price was $439,438 and the average listing age was 50 days.

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

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