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.
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:
- Wed, 03 Mar 2021 10:05:00 +0000: $999,000 :: 798 N Mar Vista Avenue, Pasadena CA, 91104 - Bungalow Heaven Homes for Sale
2 beds, 2 baths
Home size: 1,944 sq ft
Lot Size: 8,190 sq ft
Added: 03/02/21, Last Updated: 03/03/21
Property Type: Single Family
MLS Number: 21699092
Community: 646 - Pasadena (NE)
Built in 1914, 798 Mar Vista embodies everything beloved about historic Bungalow Heaven. Rich dark wood details, built-ins, + a perfectly maintained facade helped place this Craftsman in the book 500 Bungalows + on the Bungalow Heaven Home Tour. The home marries period appropriate updates w original details to hone in on a completely turn-key experience filled w warmth + charm. The main home offers refinished original hardwood floors + a host of upgrades (full list available upon request). The detached finished garage comes equipped w 220V wiring, an office, a bath, + a flexible loft space. The city is in receipt of approved plans to convert the space to a generous ADU. The home's lush grounds are made low maintenance by drip irrigation + hardscaping, offering several outdoor entertaining moments including a pergola by the pond. 798 Mar Vista is surrounded by roses, wisteria, camelias, + a bevy of fruit trees including Meyer lemon, persimmon, avocado, grapefruit, goji berry, + more.
Listed with Stephen Clark CalDRE: 01482283, 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/!
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