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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:

  • Mon, 18 Jan 2021 09:59:00 +0000: $799,900 :: 855 N Mar Vista Avenue, Pasadena CA, 91104 - Bungalow Heaven Homes for Sale
    Property Photo

    3 beds, 2 baths
    Home size: 1,178 sq ft
    Lot Size: 7,462 sq ft
    Added: 01/21/21, Last Updated: 01/18/21
    Property Type: Single Family
    MLS Number: IV21009643
    Community: 645 - Pasadena (NW)
    Status: Active

    Please enjoy the beauty of peaceful gardens. located in National Register of Historic Place Bungalow Heaven. Bring your imagination to convert this Gem in a elegant combination of early 20th Century architecture with todays modern style. You can walk in the neighborhood and delight unique architectural details and the wide use of natural and native materials of Craftsman homes. This unique 3 bedrooms and 2 bathroom is first time on the market in 34 years. Potential garage transformation into an accessory dwelling unit (ADU) for your guests.


    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/!

  • Wed, 30 Dec 2020 18:07:00 +0000: $1,145,000 :: 1092 N Catalina Avenue, Pasadena CA, 91104 - Bungalow Heaven Homes for Sale
    Property Photo

    4 beds, 2 baths
    Home size: 1,843 sq ft
    Lot Size: 9,610 sq ft
    Added: 09/23/20, Last Updated: 12/30/20
    Property Type: Single Family
    MLS Number: BB20198450
    Community: 646 - Pasadena (NE)
    The price of this listing was last reduced on 12/30/2020 by 4%
    Status: Active

    Just Reduced!!!Location, Location, Location!! BUNGALOW HEAVEN!! 4 Bedroom, 1.5 Bath with 1,843 SF on a large lot of 9,608 SF. New kitchen quartz countertops, new kitchen floors. Hardwood floors throughout. Laundry off kitchen, new paint, crown moldings. Living room with Batchelder Tile Fireplace. Recently installed smart home Air Conditioning. Nice backyard with recently installed concrete patio. California basement.

    Listed with Brett Howard CalDRE: 01120327, Howard Realty Group

    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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