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Foreclosure Friday: Bungalow Heaven Craftsman

Bank owned home - foreclosure in Pasadena California - Bungalow Heaven

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.

Bungalow Heaven home for sale - foreclosure for sale in Pasadena

Read More:  Do homes in Landmark District of Pasadena demand higher prices?

742 North Chester Avenue, Pasadena California: Bungalow Heaven Bank Owned Home

bungalow heaven foreclosure Pasadena home for sale on ChesterI 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, 03 Dec 2020 12:03:00 +0000: $1,300,000 :: 826 N Michigan Avenue, Pasadena CA, 91104 - Bungalow Heaven Homes for Sale
    Property Photo



    4 beds, 2 baths
    Home size: 2,210 sq ft
    Lot Size: 7,314 sq ft
    Added: 11/18/20, Last Updated: 12/03/20
    Property Type: Single Family
    MLS Number: CV20242557
    Community: 646 - Pasadena (NE)
    Status: Active


    Bungalow Heaven is a quiet, leafy, close-knit neighborhood of historic, early 20th-century bungalow homes, many built during the Arts & Crafts period. Bungalow Heaven was listed as one of the top 10 places to live per APA! This is a Beautiful 2-story Craftsman Home that Features 4 Bedrooms and 2 Bathrooms 1,860 sq ft of living space! The home features extensive period detailing and a large lot. The tree-lined street and oversized river rock front porch welcome you to this timeless treasure with picture windows that fill the home with natural light. The living and dining rooms are highlighted with impressive original woodwork and built-ins as well as a fireplace. The well-laid-out kitchen has plenty of storage and counter space with a great size pantry. Each bedroom is nicely sized with spacious closets. Master Bedroom has his & her closets. There is an inside laundry room and bonus room. This can be used as an office. There is a long driveway that leads you to a one-car garage that fits a model T! This Garage makes for great storage space. The property has an Avocado tree in the front and the zen-like backyard features three mature oak trees that provide a canopy of shade and privacy. There is a Casita/ Guest Home that has an additional 350 plus square feet of living space with a Full Bathroom! The Casita has its own address! You can use it as an office, rental unit income or even as an In-Law Suite! This is a great opportunity to own your own piece of Pasadena History!

    Listed with DANIEL BLANKENSHIP CalDRE: 01917433, FIRST TEAM REAL ESTATE


    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/!


  • Wed, 18 Nov 2020 20:07:00 +0000: $999,000 :: 1076 N Mar Vista Avenue, Pasadena CA, 91104 - Bungalow Heaven Homes for Sale
    Property Photo



    3 beds, 2 baths
    Home size: 1,401 sq ft
    Lot Size: 7,754 sq ft
    Added: 11/18/20, Last Updated: 11/18/20
    Property Type: Single Family
    MLS Number: P1-2354
    Community: 646 - Pasadena (NE)
    Tract: Not Applicable
    Status: Active


    First time on the market in almost 50 years, this 1915 Craftsman bungalow is a rare find in Pasadena's highly desirable Bungalow Heaven Landmark District. With 3 bedrooms and 1.5 baths, the home features extensive period detailing, newly refinished hardwood floors, and a large lot with endless potential. The tree lined street and oversized front porch welcomes you to this timeless treasure with picture windows that fill the home with natural light. The living and dining rooms are highlighted with impressive woodwork throughout including crown molding, wainscoting, plate rails, built in cabinetry, window benches, and double pocket doors. The well-laid out kitchen has plenty of storage and counter space. Each bedroom is nicely sized with spacious closets and picture rail moldings. The full bath has a tub/shower combo and the half bath is near the rear of the home. A long driveway leads you to an ample one-car garage which includes a built in storage shed and workshop area. Meyer lemon, Fuji apple, and guava trees along with lemongrass and mature rose bushes highlight the rear of the property. Additional features include: central air/heat, copper plumbing, and a California basement. Opportunities for Mills Act eligibility and potential ADU should be researched and verified through City of Pasadena.

    Listed with Hazel Perera CalDRE: 01715728, Berkshire Hathaway HomeServices California Properties


    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/!


  • Tue, 10 Nov 2020 11:43:00 +0000: $1,195,000 :: 1092 N Catalina Avenue, Pasadena CA, 91104 - Bungalow Heaven Homes for Sale
    Property Photo



    4 beds, 2 baths
    Home size: 1,843 sq ft
    Lot Size: 9,610 sq ft
    Added: 09/23/20, Last Updated: 11/10/20
    Property Type: Single Family
    MLS Number: BB20198450
    Community: 646 - Pasadena (NE)
    The price of this listing was last reduced on 11/10/2020 by 4%
    Status: Active


    Just Reduced!!!Location, Location, Location!! BUNGALOW HEAVEN!! 4 Bedroom, 1.5 Bath with 1,843 SF on a large lot of 9,608 SF. New kitchen quartz countertops, new kitchen floors. Hardwood floors throughout. Laundry off kitchen, new paint, crown moldings. Living room with Batchelder Tile Fireplace. Recently installed smart home Air Conditioning. Nice backyard with recently installed concrete patio. California basement.

    Listed with Brett Howard CalDRE: 01120327, Howard Realty Group


    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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