Today, we have a special guest, Laurie March of Improvemental, interior designer and a “rapid renovator” extraordinaire.
Laurie has been an integral part of my team helping my home buyers and home sellers with renovations, updates and design consultations. She will be joining us for our Foreclosure Fridays as we visit bank owned properties.
Today, we’ll be taking a look at an REO that was just listed in the Bungalow Heaven area of Pasadena. Bungalow Heaven is one of the Landmark Districts of Pasadena and is known for its 800 or so craftsman style bungalows – many of which were built for as little as $5,500 from a kit, in the early 1900s.
Read More: Do homes in Landmark District of Pasadena demand higher prices?
742 North Chester Avenue, Pasadena California: Bungalow Heaven Bank Owned Home
I was very excited to see this property come up on the market.
First, it is in Bungalow Heaven and we do not see too many foreclosures in this area. Second, it is a character home, a craftsman, which is very much in demand by home buyers. It looked very promising on the MLS and both Laurie and I couldn’t wait to see it.
However, pricing is a bit of an issue here. Usually, we see bank owned homes priced a bit below market to ensure a quick sale. This home was priced towards the high end of the price range looking at the price per square foot and the median home price for 3 bedrooms and 1 bath in the Bungalow Heaven area.
READ MORE: Pasadena Foreclosure Statistics and Historical Overview
As we toured the home, see the video below, it was clear that it was full of potential and charm, but definitely needed significant renovations.
This real estate broker’s opinion? This home is overpriced given the amount of “loving” that it needs.
Listing Price: $554,900
Listing #: C10009014
3 bedrooms and 1 bath with 1,408 sq. ft. Lot size is 7,450 sq. ft. per assessor.
Price per Square Foot: $394.11
UPDATE: Sold for $515,000 on May 3, 2010
Information gathered from the Pasadena Multiple Listing Service as presented by South Hills Properties, Inc.
So take a walk with us through this bank owned bungalow:
Interested in seeing more Pasadena foreclosure homes? Visit Pasadena foreclosure homes for sale.
If you are interested in buying this home or would like to begin your home search, give us a call at 626-629-8439. We look forward to helping you find your next home in Pasadena or any of the surrounding neighborhoods.
Have a question for Laurie? A construction or an interior design project that you need help with? You can find her on HGTV now!
See additional homes for sale in the Bungalow Heaven as they are listed for sale by real estate agents:
- Thu, 18 Apr 2024 16:10:00 +0000: $1,995,000 :: 999 N Hill Avenue, Pasadena CA, 91104 - Bungalow Heaven Homes for Sale
4 beds, 2 baths
Home size: 2,176 sq ft
Lot Size: 13,016 sq ft
Added: 04/18/24, Last Updated: 04/18/24
Property Type: Single Family
MLS Number: 24381909
Community: Pasadena (NE)
Status: Active
In the heart of Pasadena's coveted Bungalow Heaven area is this warm and inviting Craftsman circa 1913. Surrounded by native landscaping and a sweet picket fence, this very special home maintains much of its original charm with updates for easy modern living, including solar panels for energy efficiency. Just beyond the covered front porch, the living room boasts sought-after details such as hardwood floors, original woodwork, classic built-ins, and stained glass windows. Both the den and dining areas are spacious and open to the artistically remodeled kitchen with a breakfast nook. Generous in size, there is plenty of room for cooking and entertaining in this gathering space. A laundry room and full size bathroom complete the main level layout. Upstairs there are four bedrooms that share a recently refreshed bathroom. The backyard is a paradise, featuring a detached 331sf studio and 328sf office. Spacious and private with a grassy area for play, multiple covered patios, and an outdoor fireplace, this is a backyard that will make friends and family happy with plenty of room to relax and enjoy the outdoors. This prime Pasadena location is moments from Old Town Pasadena, Republik Coffee, Tender Greens, The Huntington, and so much more. A tranquil setting for this charming home filled with light and character makes this a one-of-kind find in one of the city's best locations.
Listed with Mary Regal CalDRE: 01963054 | 310-913-7651, Compass
Brought to you by Irina Netchaev, Pasadena Views Real Estate Team Inc. Call me today at 626-627-7107, or visit my website at www.pasadenaviews.com/free-home-search/!
PASADENA VIEWS REAL ESTATE TEAM
Pasadena Real Estate Agents
(626)629-VIEW(8439)
