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, 22 Oct 2024 21:08:00 +0000: $965,000 :: 1065 E Mountain Street, Pasadena CA, 91104 - Bungalow Heaven Homes for Sale

2 beds, 2 baths
Home size: 1,217 sq ft
Lot Size: 5,371 sq ft
Added: 09/20/24, Last Updated: 10/22/24
Property Type: Single Family
MLS Number: DW24196169
Community: Pasadena (NW)
Status: Active

Welcome to 1065 E. Mountain St. a rare opportunity in the heart of Pasadena's Bungalow Heaven neighborhood. This property is situated in a prime location, offers tremendous potential for the savvy investor or homeowner looking to create their dream home in this property. This property offers ample space and versatility. Property is nestled in a sought-after neighborhood enjoying McDonald Park. renowned dinning establishments, shopping centers and cultural attractions. Property is currently divided into 2 living quarters with one recently freshly painted and vacant.

Listed with Jaime Carranza CalDRE: 01275543 | 562-552-5468, Global PNC 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/!
Fri, 18 Oct 2024 18:48:00 +0000: $1,300,000 :: 1025 N Mentor Avenue, Pasadena CA, 91104 - Bungalow Heaven Homes for Sale

4 beds, 1 bath
Home size: 2,092 sq ft
Lot Size: 6,260 sq ft
Added: 09/18/24, Last Updated: 10/18/24
Property Type: Single Family
MLS Number: SW24194790
Community: Pasadena (NE)
Status: Active

Welcome to this enchanting four-bedroom, two bathroom built in 1907, radiating character and charm at every corner. Nestled on a spacious corner lot, this property boasts a detached garage and a myriad of features that blend the old with the new. Main floor highlights: office space perfect for working from home or as a quiet study area. Farmhouse kitchen featuring a farmhouse sink very functional kitchen space. Large living room with a fireplace perfect for family gatherings and entertaining guests. A mud room conveniently located off the back entry door, leading to a beautiful covered patio a perfect spot for morning coffee or evening relaxation. Four bedrooms are located upstairs offering privacy. Basement for extra space can be utilized for various needs from a home gym or play area washer and dryer hookup is also located in basement. This home also comes with a Attic for extra storage space. This home is more than just a place to live its a place of history with comfort. Come and experience the timeless beauty and unique charm of this historic gem. Sold as is home does have a new roof owner replaced this year 2024.

Listed with Sophia Cruz CalDRE: 02071926 | 951-488-8644, Excellence Empire 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, 16 Oct 2024 06:25:00 +0000: $1,050,000 :: 923 N Mentor Avenue, Pasadena CA, 91104 - Bungalow Heaven Homes for Sale

2 beds, 2 baths
Home size: 1,062 sq ft
Lot Size: 5,001 sq ft
Added: 10/16/24, Last Updated: 10/16/24
Property Type: Single Family
MLS Number: SR24213540
Community: Pasadena (NW)
Status: Active

Nestled in the highly sought-after Bungalow Heaven neighborhood of Pasadena, this charming home features 2-bedrooms + bonus room offering the perfect blend of modern upgrades and timeless appeal. Step into a beautifully updated kitchen and remodeled bathrooms, complemented by custom flooring throughout and soaring high ceilings. The fully fenced private backyard features an automatic gate for convenient secure parking, RV Potential, a spacious patio, and a lush grassy area ideal for entertaining. Enjoy the convenience of being close to the Gold Line, Old Town Pasadena, Paseo, and South Lake shopping districts. Plus, you're just moments from PCC, Caltech, and the Art Center College of Design, making this an ideal location for enjoying everything Pasadena has to offer.

Listed with Herbert Rim CalDRE: 01870707 | 323-990-4372, eXp Realty of Greater Los Angeles, 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/!
Fri, 30 Aug 2024 14:19:00 +0000: $850,000 :: 1177 N Catalina Avenue, Pasadena CA, 91104 - Bungalow Heaven Homes for Sale

2 beds, 2 baths
Home size: 1,383 sq ft
Lot Size: 11,797 sq ft
Added: 08/20/24, Last Updated: 08/30/24
Property Type: Single Family
MLS Number: GD24172767
Community: Pasadena (NW)
Status: Conditional

Outstanding opportunity in the Bungalow Heaven neighborhood of Pasadena. This 1910 home sits on an expansive 11,793 square foot lot. It features two bedrooms, with an additional room off the second bedroom that could serve as a third bedroom or an office. Welcome home…

Listed with Timothy Drummond CalDRE: 01875484 | 818-653-6446, Ethos 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/!