1374 Prospect Drive, Redlands, California 92373, Redlands, 92373 - 3 bed, 2 bath
1374 Prospect Drive
Redlands, California 92373
Property Price
SUMMARY
Analysis of 1374 Prospect Drive, Redlands, California 92373 reveals a property with a current list price of $895,000, which is 9% above the estimated $817,876 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Redlands Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1374 Prospect Drive Subject | $895,000* List Price | 3 | 2 | 1,555 | $526 | - |
A 1400 Elizabeth Street Pending | $849,000 List Price | 4 | 2 | 1,760 | $482 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property is a well-maintained 1957 residence that appears functional but significantly outdated. While the hardwood floors are a plus, the kitchen features older cabinetry and white appliances, and the bathrooms retain vintage tiling and fixtures. The home lacks recent major renovations, with many components showing their age, making it a prime candidate for modernization and system upgrades.
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 = 24276, living area = 1555.
- Expansive Lot Size
The property sits on a massive 24,276 sq ft lot, offering rare privacy and significant potential for future expansion, an ADU, or a custom outdoor oasis.
- Desirable Single-Story Layout
The 1,555 sq ft residence features a functional, open single-level floor plan, making it ideal for buyers seeking accessibility and a seamless indoor-outdoor flow.
CONSRISKS & DEFICIENCIES
- Dated Infrastructure
Built in 1957, the home may require significant capital investment for modern upgrades to systems and finishes to align with current market expectations.
- High Price per Square Foot
At nearly $575 per square foot, the listing price is premium for the living area size, potentially challenging buyers who prioritize interior space over lot utility.
About 1374 Prospect Drive
Charming single-story home situated on an expansive 24,000+ sq ft lot. This 1,555 sq ft residence features 3 bedrooms and 2 bathrooms with a functional, open layout. The living room is highlighted by a cozy fireplace, creating a warm and inviting space for everyday living or entertaining. The home includes a 2-car attached garage and offers both a large front yard and an oversized rear yard, providing ample outdoor space with endless potential for gardening, recreation, or future expansion. A rare opportunity to own a spacious lot with room to customize and grow.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1957
- Lot Size
- 24,276 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 42% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,555 | 2,060 | 25% |
| Lot Size | 24,276 | 10,948 | 79% |
| Price | $895.0K | $789.9K | 71% |
| Price per sq ft | $576 | $384 | 97% |
| Built year | 1957 | 1963 | 38% |
| HOA | $0 | $0 | 50% |
| Days on market | 14 | 177 | 1% |
Pricing History
Listed for Sale
Feb 21, 2026
$895,000
Initial Listing
Sold
Sep 30, 2011
$373,000
Public Record