2 48th St Unit #201, Ocean City, MD 21842

$1,250,000
4
BD
3
BA
2,385
SqFt
List Price
$1,250,000
Days on Market
42
Status
ACTIVE
MLS#
MDWO2009722
Bedrooms
4
Bathrooms
3
Full Baths
3
Living Area
2,385
Style
Unit/Flat
Year Built
2008
County
Worcester
School District
Worcester County Public Schools

Property Description

This 2385 square foot 4 Bedroom 3 Bathroom Residence at the Gateway Grand is a must see! The interior of the condominium was completely repainted in 2021 to include the kitchen cabinets and island. New designer appliances were also installed along with a custom tile backsplash. The owner replaced the majority of the contents of the kitchen, which do convey with this fully furnished, turn-key property. All TVs were upgraded along with the wall art and living room sectional sofa. The area rugs were updated and the dining room chairs were reupholstered as well. In the bedrooms all linens and comforters were replaced. The residence also features two balconies, one of which is accessible from each bedroom and the living room. You will appreciate the southern exposure location which provides an abundance of natural light and warmth. Currently in a rental program grossing nearly $66,000 from June 18, 2022 to Sept 10, 2022. Additional weeks could be booked producing more potential income in this highly sought after complex. See the attached rental projection estimating nearly $96,000 in possible gross rental income. The Gateway Grand is one of Ocean City's newest and most spectacular luxury condominium building featuring an abundance of amenities including a heated indoor and outdoor pool, state of the art fitness center, private owners lounges, on-site property management, on-site maintenance team, gated parking garage, kids club, and so much more. Ground floor deeded storage locker #39 conveys with residence.

Additional Information

Area
Oceanfront Indirect View (81)
Subdivision
None Available
Building Name
Gateway Grand
Taxes
$10142
Condo Fee
$1010
Stories
17
Interior Features
Ceiling Fan(s), Carpet, Combination Dining/Living, Combination Kitchen/Dining, Crown Moldings, Dining Area, Entry Level Bedroom, Floor Plan - Open, Primary Bath(s), Soaking Tub, Sprinkler System, Tub Shower, WhirlPool/HotTub, Window Treatments
Amenities
Common Grounds, Elevator, Exercise Room, Fitness Center, Game Room, Meeting Room, Party Room, Pool - Indoor, Pool - Outdoor, Swimming Pool
School District
Worcester County Public Schools
Flooring
Carpet, Ceramic Tile
Garage
Yes
Garage Spaces
3
Exterior Features
Exterior Lighting, Outside Shower, Sidewalks, Underground Lawn Sprinkler
Community Amenities
Common Grounds, Elevator, Exercise Room, Fitness Center, Game Room, Meeting Room, Party Room, Pool - Indoor, Pool - Outdoor, Swimming Pool
View
City, Ocean
Heating
Heat Pump(s)
Heating Fuel
Electric
Cooling
Central A/C
Roof
Flat
Utilities
Cable TV Available, Electric Available
Water
Public
Sewer
Private Sewer, Public Septic

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Keller Williams Realty Delmarva.