1245 Prado, Redlands, California 92374, Redlands, 92374 - 3 bed, 2 bath
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1245 Prado
Redlands, California 92374
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,560Sq Ft
7,452Lot Size
Property Price
LIST PRICE$540,000
EST. MARKET VALUE
$540,000
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $585,000, which aligns with the current $585,000 Fair Market Value. While the home maintains a Condition Rating of 4, it offers significant upside through cosmetic updates to its original features. The large 7,452 sqft lot and flexible floor plan—including a potential fourth bedroom—provide excellent value-add potential. Situated near the University of Redlands and Loma Linda University Health, this is a stable asset ideal for Buy-and-Hold Investors or first-time buyers seeking a project.
Estimated Market Value
$540,000
Based on Realkey algorithm analyzing recent comparable sales in Redlands.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1245 Prado Subject 3 bd · 2 ba · 1,560 sqft · $346 | $540,000* List Price | 3 | 2 | 1,560 | $346 | - |
A 1227 Darlene Court Sold 3 bd · 2 ba · 1,509 sqft · $384 · 0.2 mi | $580,000 | 3 | 2 | 1,509 | $384 | 0.2 mi |
B 1348 Jean Sold 3 bd · 2 ba · 1,509 sqft · $417 · 0.3 mi | $630,000 | 3 | 2 | 1,509 | $417 | 0.3 mi |
C 1317 Susan Avenue Sold 3 bd · 2 ba · 1,509 sqft · $378 · 0.4 mi | $570,000 | 3 | 2 | 1,509 | $378 | 0.4 mi |
D 1220 Jasmine Sold 4 bd · 2 ba · 1,750 sqft · $369 · 0.5 mi | $645,000 | 4 | 2 | 1,750 | $369 | 0.5 mi |
E 1326 Campus Sold 3 bd · 2 ba · 1,740 sqft · $333 · 0.1 mi | $580,000 | 3 | 2 | 1,740 | $333 | 0.1 mi |
F 1209 Anthony Sold 2 bd · 2 ba · 1,335 sqft · $419 · 0.2 mi | $560,000 | 2 | 2 | 1,335 | $419 | 0.2 mi |
G 1214 Country Sold 3 bd · 2 ba · 1,335 sqft · $449 · 0.3 mi | $600,000 | 3 | 2 | 1,335 | $449 | 0.3 mi |
H 1011 Gail Sold 3 bd · 2 ba · 1,460 sqft · $414 · 1.0 mi | $605,000 | 3 | 2 | 1,460 | $414 | 1.0 mi |
I 1270 Sherry Way Active 4 bd · 3 ba · 1,932 sqft · $306 · 0.6 mi | $590,900 List Price | 4 | 3 | 1,932 | $306 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1979, the home features some updates including laminate flooring and granite countertops in the kitchen. However, it remains largely dated with popcorn ceilings, older wood paneling/dividers, and original features that require cosmetic updates and minor renovations as noted in the listing description.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7452, living area = 1560.
- Prime Location
Ideally situated minutes from the University of Redlands and Loma Linda University Health, offering exceptional convenience for healthcare professionals and academics.
- Versatile Floor Plan
The single-story layout features an open flow and a flexible office space that can easily be converted into a fourth bedroom to accommodate growing families.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
- Renovation Required
The home is positioned as a fixer-opportunity requiring cosmetic updates or extensive renovations, which may necessitate significant additional capital investment.
- Extended Market Time
With over 110 days on the market and a recent price increase, the property may face challenges in buyer perception regarding its current valuation relative to its condition.
About 1245 Prado
PRICE IMPROVEMENT — NOW $540,000! Welcome to this charming 3 Bedroom, 2 Bathroom Redlands home. A perfect single story opportunity for homeowners to make it their own. Ideally situated just minutes away from the University of Redlands, this property combines neighborhood charm with unbeatable convenience. The open floor plan allows for each room to seamlessly flow into the next. The office can easily be converted back into a fourth bedroom as well! Enjoy easy access to shopping, popular restaurants, parks, and everyday amenities, all just minutes away. Commuters and healthcare professionals will appreciate the close proximity to Loma Linda University Health and major transportation routes. Set in a well-established neighborhood known for its pride of ownership, this home provides the perfect foundation for a first-time buyer, investor, or anyone seeking a home they can make their own. Whether you're envisioning light cosmetic updates or a more extensive renovation, the location alone makes this an exceptional opportunity.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1979
- Lot Size
- 7,452 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.6 |
| Baths | 2.0 | 2.6 |
| Square foot | 1,560 | 1,784.033 |
| Lot Size | 7,452 | 8,391.033 |
| Price | $540.0K | $673.7K |
| Price per sq ft | $346 | $379 |
| Built year | 1979 | 1981 |
| HOA | $0 | $142 |
| Days on market | 148 | 57 |
Pricing History
Listed for Sale
Oct 9, 2026
$540,000
$585,000
-8% Price Drop
Initial Listing
Price Change
Sep 17, 2026
$585,000
$525,000
+11% Price Increase
Initial Listing
Price Change
May 29, 2026
$525,000
Initial Listing
Sold
Jul 30, 1999
$57,500
Public Record
Sold
Jul 30, 1999
$57,500
Public Record