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.
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, 23 Jul 2021 11:52:00 +0000: $798,000 :: 1127 Evelyn Place, Pasadena CA, 91104 - Bungalow Heaven Homes for Sale
2 beds, 1 bath
Home size: 725 sq ft
Lot Size: 2,178 sq ft
Added: 07/23/21, Last Updated: 07/23/21
Property Type: Single Family
MLS Number: AR21161849
Community: Pasadena (NE)
Classic appropriate bungalow in the middle of Bungalow Heaven on super quiet, low traffic east west street. 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. Property has virtual staging, there is no furniture in the home. 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/!
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