6 months on rocket

2 48th St Unit 703, Ocean City, MD, 21842

$1,149,000

Home List Price

$10,000*

Closing Credit

3 Bedrooms
3 Full Baths
1,790 SqFt
$642/SqFt
Condo
Schools Nearby

Location

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2 48th St Unit 703, Ocean City$1,149,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

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
WaterfrontBeach
ViewBay, City, Ocean
MLS #MDWO2016920
StatusActive
(ACTIVE)

About 2 48th St Unit 703

The Gateway Grand #703 - A Luxurious Oceanfront Residence Nestled high above the surrounding properties, on the 7th floor of The Gateway Grand, #703 is a meticulously maintained 3-bedroom residence that epitomizes luxury living in Ocean City. This exquisite property boasts a spacious and open floorplan, providing an inviting ambiance and an abundance of natural light. One of its most striking features is the breathtaking southern-exposure panoramic views that grace this home. From its private balcony, residents and guests can revel in stunning vistas of the city skyline, the serene ocean, and the tranquil bay, making every moment a visual delight. Sunrise to Sunset this residence provides some of the most captivating views in the city. This residence has been lovingly cared for, with attention to detail evident in every corner. The living spaces are thoughtfully designed, offering both comfort and elegance. Whether you're enjoying a meal in the gourmet kitchen, lounging in the living room, or retiring to one of the three cozy bedrooms, you'll be enveloped in luxury. The Gateway Grand itself is Ocean City's pinnacle of oceanfront living. With its impeccable amenities and prime location, it offers residents a lifestyle of convenience and sophistication. From the elegant lobby to the direct beach access, the heated indoor pool, or the state-of-art fitness center, every aspect of this building is designed to cater to the desires of discerning homeowners. In summary, The Gateway Grand #703 is not just a residence; it's a sanctuary where you can indulge in the finest coastal living. Whether you're captivated by the ocean's waves, the city's charm, or the bay's tranquility, this property presents a unique opportunity to savor it all in one stunning package. Deeded mezzanine storage locker 143 conveys with residence. Buyer to honor any booked rentals for 2024.

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: Grant K Fritschle

Interior Features

Interior Information:

  • Appliances: Microwave, Dishwasher, Disposal, Dryer, Freezer, Oven, Electric Range, Refrigerator, Washer
  • Basement: No
  • Flooring Type: Carpet, Ceramic Tile

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Waterfront: Beach
  • 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 703

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: $1,149,000
  • Price Per SqFt: $642/SqFt

Tax Information:

  • Annual Amount: $9,093
  • 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

$440.2K

Med. Price/SqFt

$432

Avg. Days On Market

45

# of Sold Homes

89

2 48th St Unit 703 vs Ocean City

205 DAYS ON ROCKET

+160 Days

$1,149,000

+$708.7K More

$642/SqFt

+$209 More

KEY TAKEAWAY

This property is $708.7K more than the Median Sold Price and $209/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: #MDWO2016920

Listing Office:

  • Office Name: Keller Williams Realty Delmarva
  • Office Phone: (410) 524-6400
  • Listing Agent: Grant K Fritschle

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: 5/1/2024, 6:25:23 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

Jun 01, 2010Home Sold
$690,900

Tax History

YEARPROP. TAXASSESSMENT
2021$9,093$643,500
2020$9,092$643,500
2019$9,154$643,500
2018$9,090$643,500
2017$9,090$643,500

History based on county public records data.

Payment Calculator

$5,802

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,511

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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-4313747
10
/10

  • Ocean City Elementary School

  • 12828 Center Dr

  • 2.75 miles

  • Public District Grades PK-4

Middle School

school-card-donut-4313748
8
/10

  • Stephen Decatur Middle School

  • 9815 Seahawk Rd

  • 6.95 miles

  • Public District Grades 7-8

school-card-donut-4313749
7
/10

  • Berlin Intermediate School

  • 309 Franklin Ave

  • 8.23 miles

  • Public District Grades 4-6

High School

school-card-donut-4313750
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. Residents of Ocean City, MD typically earn between $35k-100k each year. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2 48th St Unit 703

What is the listing price of this property?

The listing price of 2 48th St Unit 703 property is $1,149,000.

What type of property is this?

The property 2 48th St Unit 703 is a condo located in Ocean City, Maryland, 21842.

Is this property for sale now?

Active Listing: 2 48th St Unit 703 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 703 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 $9,093 (source: MLS/based on county public records data).

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

The last sale was on June 1, 2010 for $690,900. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 2 48th St Unit 703 has 3 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 2 48th St Unit 703 is 1,790 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 2 48th St Unit 703 is 2008.

Rocket Homes›Maryland›Worcester County›Ocean City›21842›2 48th St Unit 703

This home is located at 2 48th St Unit 703 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 09, 2023 and is currently priced at $1,149,000.

In March 2024, from all listings sold in Ocean City, MD there were more than 12 sold above asking price, over 61 sold below and more than 16 were sold right at the asked price. In March 2024 in Ocean City, MD there were 9.3% more homes for sale than in February 2024. Listings spent 45 days on the market in March 2024, and had a median list price of $440,233 during the same period.

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

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