tomo logo

$1,199,000

Beds
3
Baths
3.0
sq ft
1,790

2 48th St Unit 214, Ocean City, MD 21842

2 48th St Unit 214

OCEAN CITY, MD 21842

  • 33 days on market
Step into a world of coastal luxury with this stunning 3-bedroom, 3-bathroom residence at The Gateway Grand, Ocean City's premier oceanfront condominium. Offering breathtaking ocean views from your private balcony, this home features an open and spacious floor plan with soaring 9-foot ceilings, complemented by crown molding in the dining area and master bedroom. The Gateway Grand is an amenity-rich building designed to enhance your lifestyle. Enjoy unparalleled convenience and relaxation with both indoor and outdoor pools, a resort-style fitness center overlooking the Atlantic, and a kid's club room packed with video games and board games. The building also offers climate-controlled beach storage, multiple owner's lounges, and on-site management, maintenance, and security for peace of mind. Residence 402 includes access to two parking spaces in the controlled-access garage, now featuring seven electric car chargers. Additionally, individual indoor storage areas for beach gear like chairs and umbrellas make it easy to enjoy the beach without the hassle. Convenient outdoor showers keep you fresh after a day by the water. Whether you're looking to relax or stay active, The Gateway Grand offers it all. The fitness center is equipped with the latest strength equipment, exercise bikes, elliptical machines, and treadmills, all featuring individual flat-panel televisions. Socialize at The Gateway Club Lounge, complete with a full bar and flat-panel TV. This fully furnished, coastal luxury unit offers great rental potential, making it the perfect investment for those seeking both a vacation home and income-generating property. Oceanfront living is truly grand at The Gateway Grand. Don't miss the opportunity to make Residence 402 your new beach retreat!

Details

Property type

Condominium

Est. home value

$1,007,087

Lot size

Unknown

Price per sq ft

$670

Year built

2008

Annual property taxes

$8,407

HOA

No

Price History

01/01/2025
Bright

Bright #MDWO2027534

Listed
$1,199,000
+29.62%
04/29/2022
Bright

Bright #MDWO2004090

Sold
$925,000
+48.71%
03/27/2014
Bright

Bright #1000540650

Sold
$622,000

Schools & Community

Elementary school: 

OCEAN CITY

Middle school: 

STEPHEN DECATUR

High school: 

STEPHEN DECATUR

Community features: 

Pool

School district: 

WORCESTER COUNTY PUBLIC SCHOOLS

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Churchill Mortgage Corp

Loan start date

September 2023

Original loan amount

$806,250

Est. remaining balance

$795,842

Interest rate

6.96%

Loan type

New Conventional, 30 year

Seller

Rachel Ricker Lukens and Michael Francis Lukens

Lender

First Savings Mortgage Corp

Loan start date

May 2023

Original loan amount

$665,000

Est. remaining balance

$0

Interest rate

6.42%

Loan type

New Conventional, 0 year

Seller

Rachel Ricker Lukens and Michael Francis Lukens

Lender

First Savings Mortgage Corp

Loan start date

April 2022

Original loan amount

$555,000

Est. remaining balance

Not provided

Interest rate

6.12%

Loan type

New Conventional, 30 year

Seller

Michael Francis Lukens and Rachel Ricker Lukens

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 01/23/2025 at 2:50 PM

Listing updated: 01/07/2025 at 4:08 PM

Listed by: Anna Spann, Coldwell Banker Realty Phone #: (443) 856-2211

MLS: Bright #MDWO2027534

Bright logo

Recently listed in OCEAN CITY