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:
- Sat, 07 May 2022 03:56:00 +0000: $988,000 :: 1039 N Mentor Avenue, Pasadena CA, 91104 - Bungalow Heaven Homes for Sale
2 beds, 1 bath
Home size: 1,269 sq ft
Lot Size: 8,756 sq ft
Added: 05/07/22, Last Updated: 05/07/22
Property Type: Single Family
MLS Number: WS22080100
Community: Pasadena (NE)
Status: Active
JUST LISTED! DO NOT MISS THIS OPPORTUNITY!!!Located in coveted Pasadena’s Bungalow Heaven, this Craftsmen-style home is a gem! This stunning home dates to 1911 and offers gorgeous original old-world charm. In true Craftsman style, this wide shaded porch says WELCOME HOME! You will be charmed instantly by its traditional facade and generous front windows filling the home with natural sunlight. As you enter, notice the beautiful hardwood floors throughout and the original living room fireplace. Family and friends can transition directly into the dining room under the beautiful archway inspired by California Spanish missions.The dining room connects to a good-sized kitchen featuring a full wall of all original built-in pantry making the most of available space, keeping true to the Arts & Crafts design of its time.The home features two bedrooms, dedicated laundry room, bathroom with a classic cast iron bathtub, and a sun-filled spacious sun room that is currently being used as a home office, reading room and music room with tons of options for the next homeowner.Measuring roughly 1,300 square feet, it sits on a 8,755-square-foot lot, with the deck opening up to a large backyard with tons of plants and fruit trees, a large grassy yard, as well as a bonus shed AND a detached insulated garage/studio, that gives you tons of storage and creative options in addition to a California basement which can easily be converted into a wine cellar.Enjoy a hard to beat location, this home benefits from its close proximity to Pasadena hotspots on Lake Avenue, Old Town Pasadena, Rose Bowl, JPL, and CalTech. Nearby commuting choices include the 210, 134, and 110 freeways as well as the Metro Gold Line. For those looking to be part of a great community, and live amidst timeless architecture in an ideal location, your oasis awaits…..
Listed with AARON MANZA CalDRE: 01832050 | 626-921-2599, KW Executive
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, 30 Apr 2022 09:19:00 +0000: $1,100,000 :: 1044 N Catalina Avenue, Pasadena CA, 91104 - Bungalow Heaven Homes for Sale
3 beds, 1 bath
Home size: 936 sq ft
Lot Size: 9,592 sq ft
Added: 04/06/22, Last Updated: 04/30/22
Property Type: Single Family
MLS Number: V1-11699
Tract: Not Applicable
Status: Active
Come see this beautiful 3-bedroom one bath! Located less than a mile from local grocery stores. Amazing opportunity for an ADU in the two-car garage which hosts an additional bathroom and laundry area. Also enjoy a large back yard with a cement patio and fruit trees! There is alley access to the garage and room for larger vehicles like an RV.
Listed with Judy May Russell CalDRE: 01256823 | (661) 304-7758, All Source Realtors
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)
