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:
- Fri, 02 Jun 2023 19:04:00 +0000: $1,599,950 :: 1198 N Wilson Avenue, Pasadena CA, 91104 - Bungalow Heaven Homes for Sale
4 beds, 3 baths
Home size: 1,676 sq ft
Lot Size: 9,362 sq ft
Added: 06/02/23, Last Updated: 06/02/23
Property Type: Single Family
MLS Number: AR23097445
Community: Pasadena (NE)
Status: Active
This masterfully restored and expanded home showcases classic Craftsman bungalow architecture while adding an eclectic design twist. Features include an open single story floor plan with a living room appointed with a fireplace, dining room with built-in buffet and a chef's kitchen featuring new cabinetry, Quartz countertops, large center island with bar seating and built-in stainless steel appliances. There is a Jack and Jill bedroom with a remodeled bathroom with dual sink vanity and tiled shower. After a long day, retreat to the 500 sq. ft. master suite with soaring ceilings, ample closeting, a bathroom with a dual sink vanity, large tiled shower and double doors opening to the yard. There is an additional bedroom and remodeled bathroom. Other amenities include freshly painted interior and exterior, PEX plumbing, new electrical, new light fixtures, new HVAC system, new roof, new wood flooring, new interior doors and hardware, freshly poured driveway, walkway and porch, an impressive 616 sq. ft. garage with a new door, new landscaping and irrigation system.***Additionally, a 740 sq. ft. ADU is under construction, will offer 1 bedroom, full bathroom, living area, kitchen, laundry hook-ups and a private yard - Floorplan displayed with photos.***
Listed with Espi Bagwell CalDRE: 01168881 | 626-204-3300, Keller Williams 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/! - Sat, 06 May 2023 03:14:00 +0000: $1,695,000 :: 834 N Holliston Avenue, Pasadena CA, 91104 - Bungalow Heaven Homes for Sale
5 beds, 3 baths
Home size: 2,386 sq ft
Lot Size: 12,032 sq ft
Added: 05/06/23, Last Updated: 05/06/23
Property Type: Single Family
MLS Number: PW23062668
Community: Not Defined
Status: Active
Located in sought after Bungalow Heaven area of Pasadena, this Tudor style home is the first time on the market in over 50 years. Lovely 5 bedrooms 2 & 1/4 bathrooms. 3 bedrooms located downstairs and 2 bedrooms upstairs. Wood burning fireplace with gas option, gas stove/oven and other updated kitchen appliances make this home warm convenient. Brick front porch is a perfect place to spend an evening visiting with neighbors or just relaxing. Much work has been completed on the home including new roof installed in 2014, foundation bolted in 2010, new electrical main service panel completed in 2008, and new AC/Heating units (upstairs and down) installed in 2011. Original hardwood floors on main level. Park like backyard is great for entertaining with lots of brick pavers lining parking area and patio area. Detached two car garage. Close to 210 freeway access and easy to get to downtown Pasadena. There is a basement that is entered into from the hallway.
Listed with Gail Duchetta CalDRE: 01067811 | 714-871-9750, Landmark Realty Services
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)
