6 months on rocket

2 48th St Unit 402, Ocean City, MD, 21842

$1,099,000

Home List Price

$10,000*

Closing Credit

3 Bedrooms
3 Full Baths
1,790 SqFt
$614/SqFt
Condo
Schools Nearby

Location

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2 48th St Unit 402, Ocean City$1,099,000

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 #MDWO2017306
StatusActive
(ACTIVE)

About 2 48th St Unit 402

Fantastic opportunity to own in the luxurious Gateway Grand complex in Ocean City, MD. This 3 bedroom 3 bath residence has been recently upgraded with fresh wall paint and a custom tile backsplash. The A-style floorplan offers guest privacy with each bedroom having an attached bathroom. The primary bedroom accesses the outdoor balcony and features ocean views. Step out onto the balcony each morning to watch the everchanging sunrise over the Atlantic Ocean. The Gateway Grand is an amenity rich building offering heating indoor and outdoor pools, a 24/7 fitness center, a kid's club room with video games and board games, conditioned beach storage, multiple owner's lounges, on-site management, on-site maintenance, and on-site security in the evenings. Residence 402 has access to two parking spaces in the controlled access parking garage, which now features 7 electric car chargers. The Gateway Grand will allow you to relax and enjoy your time at the beach without a care or worry. Deeded storage locker #185 conveys with this residence. This residence was in the rental program with Central Reservations and grossed nearly $47,000 in 2022 and $43,500 in 2023. Some weeks were blocked in 2023 for owner use and it could produce more income if so desired by the new owners. Buyers to honor 2024 rentals.

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

Virtual/3D Tour

  • 3D Tour: 2 48th St Unit 402

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

Municipality:

  • Ocean City

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,099,000
  • Price Per SqFt: $614/SqFt

Tax Information:

  • Annual Amount: $8,510
  • 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 402 vs Ocean City

187 DAYS ON ROCKET

+137 Days

$1,099,000

+$659.5K More

$614/SqFt

+$182 More

KEY TAKEAWAY

This property is $659.5K more than the Median Sold Price and $182/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: #MDWO2017306

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: 5/2/2024, 2:00:25 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Oct 05, 2009Home Sold
$599,900

Tax History

YEARPROP. TAXASSESSMENT
2021$8,510$602,200
2020$8,508$602,200
2019$8,566$602,200
2018$8,507$602,200
2017$8,507$602,200

History based on county public records data.

Payment Calculator

$5,553

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,361

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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-4531557
10
/10

  • Ocean City Elementary School

  • 12828 Center Dr

  • 2.75 miles

  • Public District Grades PK-4

Middle School

school-card-donut-4531558
8
/10

  • Stephen Decatur Middle School

  • 9815 Seahawk Rd

  • 6.95 miles

  • Public District Grades 7-8

school-card-donut-4531559
7
/10

  • Berlin Intermediate School

  • 309 Franklin Ave

  • 8.23 miles

  • Public District Grades 4-6

High School

school-card-donut-4531560
6
/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 majority of Ocean City, MD residents have income between $35k-100k annually. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2 48th St Unit 402

What is the listing price of this property?

The listing price of 2 48th St Unit 402 property is $1,099,000.

What type of property is this?

The property 2 48th St Unit 402 is a condo located in Ocean City, Maryland, 21842.

Is this property for sale now?

Active Listing: 2 48th St Unit 402 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 402 are:
Ocean City Elementary School: GreatSchools Rating 10/10
Stephen Decatur Middle School: GreatSchools Rating 8/10
Berlin Intermediate School: GreatSchools Rating 7/10
Stephen Decatur High School: GreatSchools Rating 6/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $8,510 (source: MLS/based on county public records data).

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

The last sale was on October 5, 2009 for $599,900. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 2 48th St Unit 402 has 3 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 2 48th St Unit 402 is 1,790 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 2 48th St Unit 402 is 2008.

Rocket Homes›Maryland›Worcester County›Ocean City›21842›2 48th St Unit 402

This home is located at 2 48th St Unit 402 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 October 27, 2023 and is currently priced at $1,099,000.

While more than 14 listings in Ocean City, MD in April 2024 were sold above asking price, there were more than 20 listings sold at asking price, and more than 64 were sold below. The number of homes for sale 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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