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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, 15 May 2024 13:48:00 +0000: $1,199,000 :: 858 N Mentor Avenue, Pasadena CA, 91104 - Bungalow Heaven Homes for Sale
    Property Photo

    2 beds, 1 bath
    Home size: 1,380 sq ft
    Lot Size: 10,755 sq ft
    Added: 05/10/24, Last Updated: 05/15/24
    Property Type: Single Family
    MLS Number: CV24094694
    Community: Pasadena (NE)
    The price of this listing was last reduced on 5/15/2024 by 40%
    Status: Active

    Discover a rare piece of Pasadena history with this stunning 1921 Spanish-style home, nestled in the heart of the coveted Bungalow Heaven neighborhood. On the market for the first time in over 50 years, this beautifully renovated gem offers a unique blend of classic elegance and modern upgrades.Start your day with coffee on the spacious front porch, enjoying the view of the expansive front lawn. The new modern front door welcomes you into this charming home, hinting at the blend of original character and contemporary comforts within.The living room features a lovely original fireplace, adding warmth and charm to the space. Large windows let in ample morning light, creating a bright and inviting atmosphere. An entryway leads to the formal dining room, perfect for family gatherings and intimate dinners.The kitchen has been recently renovated with new white shaker cabinets, tile flooring, granite countertops, and a large farmhouse sink. The sleek design is both functional and stylish, offering plenty of space for meal prep, storage and entertaining.A bright hallway connects two spacious bedrooms and a full bathroom. There's also a bonus room, ideal for a home office or extra entertaining space. This versatile layout allows for various living arrangements to suit your needs.The expansive backyard is a true highlight, with a covered porch that's perfect for outdoor relaxation. Host dinner parties or enjoy quiet evenings under the stars in this large, flat yard. The detached two-car garage and long gated driveway offer ample parking and storage options. The extra yard space could also be used for a possible ADU (Accessory Dwelling Unit) or pool, adding further versatility.This home is equipped with a mini-split HVAC system in each room, providing personalized climate control. The roof on the main house and detached garage is new, ensuring longevity and peace of mind.Don't miss your chance to own this timeless Spanish gem in Pasadena's Bungalow Heaven. Schedule your showing today and experience the charm and comfort of this unique property!

    Listed with Luna Petty CalDRE: 01347590 | 626-796-7164, UNYQUE FINANCIAL

    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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