Foreclosure Friday: Bungalow Heaven Craftsman

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:

Tue, 28 Mar 2023 17:40:00 +0000: $1,499,000 :: 1002 N Catalina Avenue, Pasadena CA, 91104 - Bungalow Heaven Homes for Sale

3 beds, 3 baths
Home size: 1,888 sq ft
Lot Size: 4,326 sq ft
Added: 02/27/23, Last Updated: 03/28/23
Property Type: Single Family
MLS Number: P1-12775
Community: Pasadena (NE)
Status: Conditional

This two-story Craftsman, with a historic designation, is located in the Historic Landmark neighborhood of Bungalow Heaven. One of Pasadena's most adored neighborhoods named for the more than 800 small craftsman homes and most still standing. The 125 acres sits at the Foothills of the San Gabriel mountains and surrounds McDonald Park. A lush hedge encloses the property making the fenced yard and large front porch private and relaxing but still able to enjoy the striking mountain views. The original wood details are still in place, with built-in cabinets, wood posts, picture railings, and hardwood flooring throughout. The original large windows fill the rooms with light upstairs and down, a uniqueness for Craftsman homes. The two upstairs bedrooms are bright and airy and share a full bathroom and a half bath. The downstairs has one private bedroom with a separate entrance and a den/office that could be a fourth bedroom. A very large basement with 528 additional square feet is a perfect place for a studio or storage. The detached one-car garage could make a great home office, ADU, or fitness room. Live a life rich in history and character in this 1914 period gem.

Listed with Chelby Crawford CalDRE: 01399237 | (626) 536-2002, 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/!
Tue, 28 Mar 2023 17:32:00 +0000: $1,400,000 :: 737 N Chester Avenue, Pasadena CA, 91104 - Bungalow Heaven Homes for Sale

3 beds, 2 baths
Home size: 1,317 sq ft
Lot Size: 7,388 sq ft
Added: 03/28/23, Last Updated: 03/28/23
Property Type: Single Family
MLS Number: P1-13044
Community: Pasadena (NE)
Status: Active

Welcome to this charming 1920's bungalow located in the historic neighborhood of Bungalow Heaven. This stunning 3 bedroom, 2 bathroom home boasts original character and details that are sure to impress. From the moment you enter the property, you will be greeted by a warm and inviting atmosphere that perfectly captures the essence of this beloved architectural style.The home's interior features gorgeous wood built-ins, adding both beauty and functionality to the living spaces. The living room is anchored by a stunning tiled fireplace, creating a cozy and inviting focal point for the room. The kitchen has been beautifully updated with modern amenities, while still maintaining the charm of the original architecture.Each of the three bedrooms offers ample space and charm. The hallway bath features a pedestal sink, a claw foot tub, and wainscoting maintaining the vintage character of the home and the en suite 3/4 bath has a walk-in shower.Outside, the property offers a lush and tranquil oasis, perfect for enjoying the Southern California climate. The backyard features a spacious patio, perfect for entertaining or relaxing with family and friends. The property also offers a detached garage, which has been turned into 2 rooms and a laundry area (not permitted) providing ample storage space and potential for a home office or studio.Located in the heart of Bungalow Heaven, this home is close to local restaurants, shops, and parks. With easy access to major freeways and public transportation, this home is perfectly situated for both convenience and comfort.Don't miss out on the opportunity to make this beautiful bungalow your own!

Listed with Veronica Paglia CalDRE: 00926931 | (626) 437-8008, 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/!
Thu, 09 Feb 2023 10:04:00 +0000: $999,000 :: 1175 N Mentor Avenue, Pasadena CA, 91104 - Bungalow Heaven Homes for Sale

3 beds, 2 baths
Home size: 1,287 sq ft
Lot Size: 9,614 sq ft
Added: 01/23/23, Last Updated: 02/09/23
Property Type: Single Family
MLS Number: DW23012319
Community: Not Defined
The price of this listing was last reduced on 2/9/2023 by 17%
Status: Active

This newly remolded home located in the area of Pasadena welcomes you with 3 beautiful bedrooms and 2 bathrooms. This home is painted with a neutral color that brings out the features of the house. The home has detailed original antique finishes inside with a decorative fireplace in the living room, and a new white & black design for the kitchen and bathrooms. Centrally located with easy access to The Huntington Library, Art Museum, and Botanical Gardens, Located on a generous street-to-street lot in a prime location within minutes of shops and restaurants along N Lake Ave.

Listed with Wonnie Kim CalDRE: 01873341 | 562-474-1722, Won Suk Kim Real Estate, Inc.

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, 03 Jan 2023 15:58:00 +0000: $949,000 :: 753 N Michigan Avenue, Pasadena CA, 91104 - Bungalow Heaven Homes for Sale

3 beds, 2 baths
Home size: 1,568 sq ft
Lot Size: 7,327 sq ft
Added: 11/19/22, Last Updated: 01/03/23
Property Type: Single Family
MLS Number: GD22244556
Community: Pasadena (NW)
The price of this listing was last reduced on 12/29/2022 by 4%
Status: Conditional

Situated in the Bungalow Heaven landmark district of Pasadena, this single-story character craftsman home, in its authentic state since 1910 is waiting for a new owner to bring it back to its magnificent glory. The home was constructed by one of the older local builders, Arthur Stephens. It is one of the oldest on the Bungalow Heaven tour in 2001. The home consists of 1,568 sq. ft on a 7,325 sq. ft lot with 3 bedrooms and 1 large Jack and Jill bath, is the quintessential representative of the arts and crafts movement with many charming and original features including a grand front porch with swing, hardwood ornate doors, wood windows, custom moldings, handmade built-ins and original hardwood oak floors throughout. The formal dining room has wainscot paneling, China cabinet built-ins, and authentic gas light. The kitchen has the original California cooler cabinet, hexagon tile countertops, vintage stove, and authentic farmhouse sink. The spacious primary bedroom has a walk-in closet with a flushed built-in cabinet. The utility porch has a laundry area and 1/2 bathroom. Other features include a long driveway for plenty of parking, an actual carriage-style garage, a large basement, extensive attic with the potential for 2nd story addition. This home affords you the opportunity to update it by balancing a passion for history and tradition with a drive to innovate.

Listed with Janette Ledea CalDRE: 01480942 | 626-683-0300, Re/Max Tri-City Realty

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/!