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.
Read More: Do homes in Landmark District of Pasadena demand higher prices?
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:
- Wed, 29 Nov 2023 10:08:00 +0000: $1,200,000 :: 1159 N Chester Avenue, Pasadena CA, 91104 - Bungalow Heaven Homes for Sale
3 beds, 2 baths
Home size: 1,838 sq ft
Lot Size: 7,920 sq ft
Added: 11/28/23, Last Updated: 11/29/23
Property Type: Single Family
MLS Number: P1-15829
Community: Pasadena (NE)
Tract: Not Applicable
Status: Active
Home at last! Located in the highly sought-after Bungalow Heaven Landmark District, this Mediterranean Revival-style home, also known as the Dr. Gail H. Van Wye house, was designed by Kenneth Gordon at J.H. Woodworth & Son. With 3 bedrooms and 2 baths, the interior boasts a large living room with wood burning fireplace, a formal dining room perfect for hosting guests, and a charming library/den to unwind. Relax in the master bedroom suite with lots of natural light that opens to the resort-style backyard with pool perfect for enjoying the California weather. Convenient detached garage that is finished and can potentially be used for a home office, studio, or additional living space like an ADU. Close to McDonald Park and all that Pasadena has to offer including dining, shopping, entertainment, and recreation destinations.
Listed with Michael Bell CalDRE: 01164731 | (626) 796-4100, Sotheby's International Realty, 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, 28 Nov 2023 18:07:00 +0000: $1,890,000 :: 855 N Mar Vista Avenue, Pasadena CA, 91104 - Bungalow Heaven Homes for Sale
4 beds, 4 baths
Home size: 2,434 sq ft
Lot Size: 7,462 sq ft
Added: 11/27/23, Last Updated: 11/28/23
Property Type: Single Family
MLS Number: P1-15870
Community: Pasadena (NW)
Tract: Not Applicable
Status: Active
Discover the allure of this stunning sanctuary in Pasadena's picturesque Bungalow Heaven neighborhood! Having undergone a meticulous transformation, the home integrates contemporary living essentials while preserving its intrinsic, historic beauty. What's more, a bright and spacious ADU with top-of-the-line finishes opens a world of possibilities for you to maximize your enjoyment of this gorgeous home. Upon entry, you'll find an open-plan haven that evokes sheer delight. Stylish living and dining spaces feature a sleek fireplace and striking black-framed windows create an ambiance of refined beauty. The lavishly appointed kitchen, a masterpiece of pristine white counters and abundant cabinetry, culminates in a large island perfect for casual repasts. And when it's time to recharge, the luxe Primary Suite, one of three spacious bedrooms, offers a calming retreat with a designer bath. Stepping into the tranquil backyard, you discover a sunlit wonderland perfect for entertaining. Tastefully arranged plantings, meandering pebbled paths, and an outdoor bar make this a truly special space! Perfectly placed in a quiet, leafy neighborhood and reminiscent of a more unhurried time, you've found your respite from the hustle & bustle. Friendly streets ideal for leisurely strolls and a captivating ensemble of historic homes make this property an unparalleled opportunity to immerse oneself in a living tableau of historic grace and modern appeal.
Listed with Evangelyn Lin CalDRE: 01817694 | (626) 807-6581, eXp Realty of California, 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/! - Sat, 04 Nov 2023 20:59:00 +0000: $889,000 :: 929 N Mentor Avenue, Pasadena CA, 91104 - Bungalow Heaven Homes for Sale
2 beds, 1 bath
Home size: 920 sq ft
Lot Size: 5,006 sq ft
Added: 10/23/23, Last Updated: 11/04/23
Property Type: Single Family
MLS Number: PW23197092
Community: Pasadena (NE)
The price of this listing was last reduced on 11/4/2023 by 5%
Status: Active
Spacious 2 bedroom and 1 full bath in great Bungalow Heaven neighborhood. The interior is bright and open, where you find a formal dining room and spacious kitchen. The large yard is perfect to possibly add living space or build an ADU. The long driveway can accommodate many cars and all your toys.
Listed with Edgar Cendejas CalDRE: 01978405 | 323-702-1111, Edgar Cendejas
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/!
PASADENA VIEWS REAL ESTATE TEAM
Pasadena Real Estate Agents
(626)629-VIEW(8439)
