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, 30 Aug 2024 14:19:00 +0000: $850,000 :: 1177 N Catalina Avenue, Pasadena CA, 91104 - Bungalow Heaven Homes for Sale
2 beds, 2 baths
Home size: 1,383 sq ft
Lot Size: 11,797 sq ft
Added: 08/20/24, Last Updated: 08/30/24
Property Type: Single Family
MLS Number: GD24172767
Community: Pasadena (NW)
Status: Conditional
Outstanding opportunity in the Bungalow Heaven neighborhood of Pasadena. This 1910 home sits on an expansive 11,793 square foot lot. It features two bedrooms, with an additional room off the second bedroom that could serve as a third bedroom or an office. Welcome home…
Listed with Timothy Drummond CalDRE: 01875484 | 818-653-6446, Ethos Properties
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, 21 Aug 2024 11:39:00 +0000: $2,595,000 :: 964 N Holliston Avenue, Pasadena CA, 91104 - Bungalow Heaven Homes for Sale
5 beds, 4 baths
Home size: 2,622 sq ft
Lot Size: 12,951 sq ft
Added: 08/01/24, Last Updated: 08/21/24
Property Type: Single Family
MLS Number: 24422313
Community: Pasadena (NE)
Status: Conditional
Welcome to your own private heaven, in historic Bungalow Heaven. This gorgeous, freshly renovated home has it all. Located in an idyllic part of Pasadena, feel the warmth the moment you step through the front door. Enter the living room with high vaulted ceilings, bathed in natural light with an ornate original and beautifully restored Batchedler stone fireplace. Walk down the hall and marvel at the meticulously redesigned open concept chef's kitchen. Soak in the beautiful color palette of the copper sink and rich blue La Corneu range alongside the roman clay hood vent and turquoise quartzite island, wonderfully complimenting the space. The appliances are all new and top of the line, Miele, Wolf and Sub Zero. Adjacent you will find the formal dining room with hued ceiling mural and attractive tile floor. Down the hall are three spacious bedrooms with artisanal wood carved doors and two of the most unique and flawlessly tiled bathrooms you will find anywhere. Up the stairs on the second floor you will find two additional bedrooms, both ensuite with custom tile, as well an additional mini playroom. Behind the home, the backyard is expansive, formerly a Victory Garden from another era. The sprawling verdant yard offers plenty of space for a pool, pickleball court, or bountiful garden. The home comes complete with RTI plans and permits for a two-story garage ADU conversion, an addition to the main house and a large swimming pool. This home is unlike any you have seen, both in finishes and in style. Don't miss this opportunity to live the Pasadena lifestyle at its finest!
Listed with Adam Brawer CalDRE: 02107201 | 310-279-8259, Compass
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)
