#MDWO2027534, Anna Spann, Listing Office: Coldwell Banker Realty
2 48th St Unit 402 Ocean City, MD 21842
Property details
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 and $49,044.24 in 2024. 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 2025 rentals.
Highlights
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Summary
- MLS Number: MDWO2026410
- MLS Name: BRIGHT
- Office Name: Keller Williams Realty Delmarva
- Office Phone: (410) 524-6400
- Office Email: lwbunting@comcast.net
- Listing Agent: Jonathan M Barker
- Agent Phone: (410) 935-3810
- Agent Email: jon@markf.com
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Last updated on: 3/15/2025, 5:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,099,000
2 48th St Unit 402
$10,000
closing credit¹
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0.5% sale price²
Price information
Property sales
Date | Event | Price |
---|---|---|
Oct 05, 2009 | Home Sold | $599,900 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2024 | $720,467 | $8,488 |
2023 | $602,200 | $8,488 |
2022 | $602,200 | $8,509 |
2021 | $602,200 | $8,509 |
2020 | $602,200 | $8,508 |
2019 | $602,200 | $8,566 |
2018 | $602,200 | $8,506 |
2017 | $602,200 | $8,506 |
History based on county public records data.
Nearby schools
10
Ocean City Elementary School
Public District PK-4
2.7 mi
•12828 Center Dr
9
Showell Elementary School
Public District PK-3
6.7 mi
•11318 Showell School Rd
8
Berlin Intermediate School
Public District 4-6
8.2 mi
•309 Franklin Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
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.
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Frequently asked questions
Living in Ocean City, MD
About 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 20, 2024 and is currently priced at $1,099,000.
In February 2025, from all listings sold in Ocean City, MD there were more than 8 sold above asking price, over 35 sold below and more than 8 were sold right at the asked price. In February 2025 in Ocean City, MD there were 25.2% more homes for sale than in January. Listings spent 77 days on the market in February 2025, and had a median list price of $460,714 during the same period.