NOT LISTED FOR SALE

1045 N Commerce St Stockton, CA 95202

Downtown Stockton Neighborhood

Estimated Value: $470,156 - $491,000

-- Bed
4 Baths
3,842 Sq Ft
$126/Sq Ft Est. Value

Last Sold July 25, 2024

Last sale price $475,000 $124 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $3,107/month

24 Days on Market

About This Home

As of July 2024

May carry with 40% down. This magnificent Victorian multi-unit building, constructed in 1892, offers a unique investment opportunity. Currently generating $4,074 per month, with the potential to increase to $5,095 by filling the vacant unit. The property includes an enormous 1-bedroom/1-bath unit and three oversized studio units, one of which is ideal for an owner-occupant. The building provides approximately 3,842 square feet of rental space on a spacious 6,750 square foot lot, which includes parking for two cars. This property seamlessly blends historic charm with modern convenience, making it a perfect addition to any real estate portfolio.

Last Agent to Sell the Property

Lance McHan

Cornerstone Real Estate Group License #01987449 Listed on: 06/10/2024

Last Buyer's Agent

Ana Resendiz

Real Estate Professionals 4 you License #01739019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,534

Year Built

  • Built in 1892

Lot Details

  • 6,752 Sq Ft Lot

Home Design

  • Raised Foundation

Interior Spaces

  • 3,842 Sq Ft Home
  • 2-Story Property

Flooring

  • Laminate
  • Vinyl

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 1 Parking Space
  • On-Street Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Assessor Parcel Number 137-130-56

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • 4 Leased Units
  • 1 Vacant Unit
  • 4 Units Leased Month-To-Month
  • Net Lease

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,534

Year Built

Built in 1892

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Subtype Description: Apartments
  • Property Subtype 1: 5 or More Units
  • Year Built: 1892
  • Stories: 2
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Laminate, Vinyl, Varies by Unit
  • Price Per Square Foot: 123.63
  • Square Footage: 3842.00

Exterior Features

  • Construction Materials: Wood
  • Foundation: Raised
  • Home Warranty: No
  • Horse Property: No
  • Listing Price: 479000.00
  • Lot Features: Other
  • New Construction: No
  • Pool: No
  • Spa: No

Garage/Parking

  • Parking Features: Street, Varies by Unit
  • Total Parking Spaces: 1.00

Utilities

  • Security: Carbon Mon Detector, Smoke Detector
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected
  • Cooling: Wall Unit(s), Varies by Unit
  • Heating: Wall Furnace, Varies by Unit
  • Laundry Features: Varies by Unit
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Fee Information

  • Land Lease: No

Schools

  • Senior High School District: Stockton Unified

Lot Info

  • Zoning Description: r
  • Irrigation: Other
  • Lot Size Acres: 0.1550
  • Lot Size Sq Ft: 6752.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Expiration Date: 1800-01-011800-01-01
  • Lease Type: Net

Multi Family

  • Income Includes: ["Rent Only"]
  • Total Number Leasable: 5
  • Number of Leased Units: 4
  • Number of Month to Month Units: 4
  • Number of Units: 5
  • Number of Vacant Units: 1

Tax Info

  • Assessor Parcel Number: 137-130-56
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): San Joaquin

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2024
Closed on
Jul 17, 2024
Sold by
Galgiani Steven J
Bought by
Gutierrez Mendez Alonso
Seller's Agent
Lance McHan
Cornerstone Real Estate Group
Buyer's Agent
Ana Resendiz
Real Estate Professionals 4 you
List Price
$499,000
Sold Price
$475,000
Premium/Discount to List
-$24,000
-4.81%
Views
66
Current Estimated Value
$483,289

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,289
Avg. Annual Appreciation
1.68%
Original Mortgage
$280,000
Outstanding Balance
$277,865
Interest Rate
6.95%
Mortgage Type
Seller Take Back
Estimated Equity
$205,424

Purchase Details

Closed on
May 9, 2007
Sold by
Galgiani Malive S
Bought by
Galgiani Steven J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
6.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 8, 2007
Sold by
Ganser Suzanne M
Bought by
Galgiani Steven J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
6.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 14, 2004
Sold by
Ganser Ronald L
Bought by
Ganser Suzanne M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
5.39%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 28, 1998
Sold by
Winn Ruby L
Bought by
Ganser Ronald L and Ganser Suzanne M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,000
Interest Rate
7.13%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Gutierrez Mendez Alonso $475,000 Wfg National Title Insurance C
Galgiani Steven J -- Alliance Title Company
Galgiani Steven J $337,500 Alliance Title Company
Ganser Suzanne M -- Fidelity Natl Title Ins Co
Ganser Ronald L $121,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gutierrez Mendez Alonso $280,000
Previous Owner Galgiani Steven J $270,000
Previous Owner Ganser Suzanne M $130,000
Previous Owner Ganser Ronald L $86,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2024 07/25/24 Sold $475,000 -0.8% $124 / Sq Ft
07/04/2024 07/04/24 Pending -- -- --
06/26/2024 06/26/24 Price Changed $479,000 -4.0% $125 / Sq Ft
06/10/2024 06/10/24 For Sale $499,000 -- $130 / Sq Ft
Source: MetroList

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,534 $443,288 $177,315 $265,973
2023 $5,410 $434,597 $173,839 $260,758
2022 $5,331 $426,077 $170,431 $255,646
2021 $4,425 $360,000 $100,000 $260,000
2020 $3,561 $280,000 $63,636 $216,364
2019 $2,857 $220,000 $50,000 $170,000
2018 $2,860 $220,000 $50,000 $170,000
2017 $2,763 $220,000 $50,000 $170,000
2016 $2,868 $220,000 $50,000 $170,000
2014 $2,565 $200,000 $50,000 $150,000
Source: Public Records

Agents Affiliated with this Home

  • Lance McHan

    Seller's Agent in 2024

    Lance McHan

    Cornerstone Real Estate Group

    (209) 986-9292

    6 in this area

    192 Total Sales

    Section Image
  • Ana Resendiz

    Buyer's Agent in 2024

    Ana Resendiz

    Real Estate Professionals 4 you

    (209) 405-5142

    9 in this area

    61 Total Sales

    Section Image
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Map

Source: MetroList

MLS Number: 224062720

MetroList

APN: 137-130-56

California San Joaquin County Stockton 95202 Downtown Stockton

1045 N Commerce St, Stockton, CA

This home is located at 1045 N Commerce St, Stockton, CA 95202 since 10 June 2024 and is currently estimated at $483,289, approximately $125 per square foot. This property was built in 1892. 1045 N Commerce St is a home located in San Joaquin County with nearby schools including El Dorado Elementary School, Wilson Elementary School, and Victory Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MetroList IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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