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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:

  • Wed, 30 Nov 2022 19:19:00 +0000: $795,000 :: 980 N Catalina Avenue, Pasadena CA, 91104 - Bungalow Heaven Homes for Sale
    Property Photo

    2 beds, 1 bath
    Home size: 1,024 sq ft
    Lot Size: 4,317 sq ft
    Added: 11/20/22, Last Updated: 11/30/22
    Property Type: Single Family
    MLS Number: AR22243970
    Community: Pasadena (NW)
    Status: Conditional

    A sweet and charming home located in a highly desirable neighborhood in the city of Pasadena. The home boasts a pleasant floor plan with ample natural lighting and features 2 bedrooms and 1 bathroom. The spacious living room's classic hardwood flooring is perfectly complemented by the modern brick fireplace. The kitchen features wooden cabinets and opens to a large dining area. The beautifully renovated full bathroom features a new vanity and tile flooring. Additional highlights include central A/C, a separate laundry room with a utility sink, ceiling fans in the bedrooms and living room, and an oversized 2-car detached garage. The backyard is ideal for your gatherings and relaxation. Prime location in a peaceful and quiet neighborhood, conveniently located near schools, markets, parks and transportation.

    Listed with Sharon Liu CalDRE: 01720175 | 626-229-2298, Re/Max Premier Prop Arcadia

    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, 22 Nov 2022 15:45:00 +0000: $989,000 :: 753 N Michigan Avenue, Pasadena CA, 91104 - Bungalow Heaven Homes for Sale
    Property Photo

    3 beds, 1 bath
    Home size: 1,568 sq ft
    Lot Size: 7,327 sq ft
    Added: 11/19/22, Last Updated: 11/22/22
    Property Type: Single Family
    MLS Number: GD22244556
    Community: Pasadena (NW)
    Status: Active

    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/!

  • Fri, 18 Nov 2022 09:26:00 +0000: $975,000 :: 990 N Mentor Avenue, Pasadena CA, 91104 - Bungalow Heaven Homes for Sale
    Property Photo

    2 beds, 1 bath
    Home size: 1,376 sq ft
    Lot Size: 9,004 sq ft
    Added: 11/09/22, Last Updated: 11/18/22
    Property Type: Single Family
    MLS Number: P1-11939
    Status: Conditional

    Fall instantly in love as you walk into this California Colonial Revival Bungalow Heaven Cottage. The red door invites you into a spacious living room with an updated mantel and a newly tiled fireplace with built-in shelves. Through vintage pocket doors, you will comfortably entertain many friends and family in the light and bright dining room. The adjacent bonus Sun Room with a multitude of windows and built-ins will be your favorite morning coffee spot. You can turn this special room into your new cheery home office or den.The updated farmhouse-style kitchen boasts custom cabinets with a butcher block counter. A functional all-white bathroom comes with a modern floating vanity, an auto-lighted mirror, and a pristine white soaking tub and shower with new chrome fixtures.A traditional hallway with original built-ins and a hidden ladder to access the attic separate the 2 roomy bedrooms. The back bedroom's French Door leads to the expansive backyard haven. Do you picture a yard big enough for an addition to this charming cottage or desire a large pool and guest house? Whichever it may be, there is ample space to build on. In the meanwhile, enjoy the existing 'She Shed', Yoga Studio, Potting Shed, and 1 car garage turned into a builder's 'Man Cave'.This is a perfect starter home for a family, individual, or downsizers looking to plant their roots in coveted Bungalow Heaven.

    Listed with Anne Kislingbury CalDRE: 01927204 | (626) 831-8482, 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/!


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