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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:

  • Thu, 02 Feb 2023 21:24:00 +0000: $1,325,000 :: 1190 N Michigan Avenue, Pasadena CA, 91104 - Bungalow Heaven Homes for Sale
    Property Photo



    3 beds, 2 baths
    Home size: 1,524 sq ft
    Lot Size: 7,745 sq ft
    Added: 01/13/23, Last Updated: 02/02/23
    Property Type: Single Family
    MLS Number: P1-12367
    Community: Pasadena (NE)
    Status: Active


    Bursting with character and charm, this tastefully restored gem in Bungalow Heaven is a must-see! Built in 1914, this delightful residence takes inspiration from Craftsman-style design across its single-level layout. A picturesque covered porch invites you inside a freshly painted interior displaying immaculate finishes at nearly every turn. From the gorgeous crown molding, picture railing, and striking built-ins to the drawer and casement windows, there's so much to love. Brick details on the facade are echoed on the living room decorative fireplace's stately surround. Gleaming oak hardwood flooring continues to the chandelier-lit dining room with floor-to-ceiling cupboards and French doors that allow an excellent indoor-outdoor flow. Impeccably updated for the home chef, the kitchen treats you to newer countertops and flooring, plus a fully restored O'Keefe and Merritt stove. There's also a breakfast nook to complete this sunlit culinary space.Rich maple hardwood flooring adorns the bedrooms, all accommodated by exquisitely renovated baths. Surpassing all, the primary suite's adjoined by an elegant ensuite with a clawfoot soaking tub. Surrounded by lush landscaping, the fenced backyard has multiple seating areas for your alfresco celebrations. Other noteworthy features include solar panels and a detached 2-car garage with an approximately 9'x21' bonus room with a 3/4 bath. Plus the electrical and copper plumbing have been updated. Your dream lifestyle awaits, so come for a tour while you still can!

    Listed with Teresa Piasky CalDRE: 01447565 | (626) 353-6654, Coldwell Banker 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/!


  • Mon, 23 Jan 2023 16:57:00 +0000: $1,199,000 :: 1175 N Mentor Avenue, Pasadena CA, 91104 - Bungalow Heaven Homes for Sale
    Property Photo



    3 beds, 2 baths
    Home size: 1,287 sq ft
    Lot Size: 9,614 sq ft
    Added: 01/23/23, Last Updated: 01/23/23
    Property Type: Single Family
    MLS Number: DW23012319
    Community: Not Defined
    Status: Active


    This newly remolded home located in 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, new white & black design of 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 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
    Property Photo



    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/!


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