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, 22 Oct 2021 10:28:00 +0000: $798,000 :: 1127 Evelyn Place, Pasadena CA, 91104 - Bungalow Heaven Homes for Sale
2 beds, 1 bath
Home size: 764 sq ft
Lot Size: 2,178 sq ft
Added: 09/22/21, Last Updated: 10/22/21
Property Type: Single Family
MLS Number: AR21208868
Community: Pasadena (NE)
Status: Conditional
Incredible location on super quiet, low traffic east west street in the middle of Historic of Bungalow Heaven . This Classic appropriate bungalow is in Move in condition with all the modern conveniences. 2 bedrooms 1 bath plus office. Updated kitchen with all new appliances including new refrigerator, quartz counter tops, custom cabinets. new waterproof wood vinyl plank flooring throughout. new paint inside and out. Inside laundry room with new washer and dryer included. Updated bath with tile floors, shower/tub and custom vanity. Split system air conditioner, tank-less water heater. Automatic sprinklers front and back, 1 car garage with auto opener. Photos show virtual staging. Maybe possible to apply for Mills Act, buyer to check with city for eligibility.
Listed with Robert Doeppel CalDRE: 01793445, RBD Real Estate Services, 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/! - Fri, 15 Oct 2021 16:04:00 +0000: $1,050,000 :: 1099 Wesley Avenue, Pasadena CA, 91104 - Bungalow Heaven Homes for Sale
3 beds, 2 baths
Home size: 1,575 sq ft
Lot Size: 7,406 sq ft
Added: 07/29/21, Last Updated: 10/15/21
Property Type: Single Family
MLS Number: IV21167325
Community: Pasadena (NE)
The price of this listing was last increased on 10/15/2021 by 7%
Status: Active
Excellent opportunity in NORTH/East Pasadena, Tree lined street , remodeled Kitchen newer self closing cabinets granite counter tops newer flooring, central air and heat, solar paid off. Master Bedroom double door entry. Wood Floors in the living room and dining room and throughout the house, you can Possible build a A.D.U. in the 2 car detected garage in the back, live in one and rent the other for extra income.
Listed with MERLIN DE COUD CalDRE: 01203605, RE/MAX ONE
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/! - Fri, 24 Sep 2021 17:56:00 +0000: $1,999,000 :: 1459 E Mountain Street, Pasadena CA, 91104 - Bungalow Heaven Homes for Sale
4 beds, 7 baths
Home size: 3,349 sq ft
Lot Size: 17,424 sq ft
Added: 09/13/21, Last Updated: 09/24/21
Property Type: Single Family
MLS Number: P1-6637
Community: Pasadena (NE)
Tract: Not Applicable
Status: Conditional
Looking for a one-of-a-kind home in Pasadena Heights? Enviably located on desirable mountain street, this completely updated residence offers an unbeatable mix of vintage charm, enchanting grounds, and must-have modern upgrades. Step inside to discover gleaming, refinished wood floors accentuated by chic lighting and freshly painted walls. Abundant sunlight streams into the large living room where cool nights can be spent gathered around the stately fireplace. An elegant archway leads to your formal dining room, illuminated by an opulent Design Within Reach Moooi chandelier. Cozy up in the den or spend time in the cheerful sunroom.An original O'Keefe and Merritt stove offers a vintage vibe to the remodeled kitchen featuring quartz countertops, subway tile backsplash, and a sink with a matte black faucet. You'll have three fabulous bedrooms, each with its own bath, and your newer 500 sq ft primary suite has floor-to-ceiling windows and a fireplace with a custom mantle. Pamper yourself in the ensuite with a spa shower, a jetted tub, and a Toto bidet toilet.An entertainer's haven, your lush backyard feels like a private resort. Take a refreshing dip in the shimmering pool, sip your favorite beverages under the gazebo or enjoy lawn games surrounded by verdant foliage and multiple fruit trees. For your convenience, there's a separate family room, plus it offers additional guest accommodations, and there's paid for solar panels to help save on utilities. Keep up your active lifestyle in the newly installed home gym equipped with large windows overlooking the pool. A fully equipped guest house is an ideal spot for a mother-in-law suite or hosting overnight visitors. With easy access to shopping, dining, and the 210 freeway, this spectacular home is a must-see. Come for a tour while you still can!
Listed with Teresa Piasky CalDRE: 01447565, 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/!
PASADENA VIEWS REAL ESTATE TEAM
Pasadena Real Estate Agents
(626)629-VIEW(8439)
