South Pasadena known for its amazing public schools has not been known for many foreclosures. As of today, there are only three single family homes that are bank owned and offered for sale.
- 123 Monterey Road is listed at $497,900 and has 2 bedrooms plus 1 bath. Built in 1908, this is one of the “transitional” architecture homes also known as the begining craftsman with a hipped roof and a dormer. It’s a tiny home with only 860 sq. ft and sits on a small lot just over 3,000 sq. ft. This is a great condo alternative. Price per sq. ft. is $579.
- Not far from 123 Monterey Road, we find our 2nd South Pasadena foreclosed home at 1335 Brunswick Avenue. This home is listed at $566,000 at a whopping $674 per sq. ft. It has 2 bedrooms and 1 bath and has 840 sq. ft. However, the lot is quite large over 7,700 sq. ft. Built in 1913, it has quite a rustic look and feel.
- Fast forward to 2010, a brand new home that was repossessed by the bank is our last foreclosure and can be found at 2030 Hanscom Drive. This home is actually still under construction, but per agent notes is due to becompleted sometime in February. This one hit the market at $1,250,000. If you’re looking for a new view home, this might be it. Over, 3,500 sq. ft. it has 4 bedrooms and 5 baths and sits on a large lot, but it’s mostly hill. It’s listed at $350 per sq. ft.
So, what is the outlook for South Pasadena foreclosures for this coming year. Here’re some stats for your consideration:
Bank Owned Homes – 6 more homes (3 single family and 3 condos) will be coming up for sale in South Pasadena.
Scheduled for Auction – 20 homes are scheduled to be auctioned off (most will be auctioned off in February)
In the Foreclosure Process – 22 South Pasadena home owners are in trouble and Notice of Default has been filed.
A total of 48 potential short sales, auctions and foreclosures coming up.
Interested in learning how foreclosures will affect your area? Visit Foreclosure Information.
READ MORE: Life after foreclosure or short sale