1793 Praed, Riverside, California 92503, Riverside, 92503 - 4 bed, 3 bath
1793 Praed
Riverside, California 92503
Property Price
SUMMARY
Analysis of 1793 Praed, Riverside, California 92503 reveals a property with a current list price of $1,050,000, which is 19% above the estimated $881,071 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 Riverside 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 |
|---|---|---|---|---|---|---|
★ 1793 Praed Subject | $1,050,000* List Price | 4 | 3 | 2,241 | $393 | - |
A 2010 Greenwood Circle Sold | $787,000 | 4 | 3 | 2,143 | $367 | 0.5 mi |
B 10771 Orchard View Lane Sold | $930,000 | 4 | 3 | 2,630 | $354 | 0.6 mi |
C 12697 Twin Peak Court Sold | $1,058,000 | 4 | 3 | 2,965 | $357 | 0.3 mi |
D 2000 Citrus Wood Active | $910,000 List Price | 4 | 3 | 2,525 | $360 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property, built in 1987, is well-maintained and features a recently updated kitchen with modern stainless steel appliances, granite countertops, and dark wood cabinetry. However, the master bathroom is significantly dated with original-style light wood cabinets, white laminate countertops, and a gold-framed shower/tub enclosure, indicating it was likely not renovated within the last 15-30 years. Other areas like the wet bar and fireplace built-ins also show their age. While move-in ready, the dated master bathroom and other elements would require more than minor cosmetic updates to meet current aesthetic standards, placing it in the 'Fair' category.
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 = 32670, living area = 2241.
- Panoramic Views
The property offers stunning panoramic mountain, city, and orchard views from its hillside location, significantly enhancing its desirability and value.
- Exceptional Outdoor Amenities
Features a private three-hole executive golf course, a large detached 30x30 workshop, dedicated RV parking, and potential for 5+ car garage space, catering to diverse hobbies and storage needs.
CONSRISKS & DEFICIENCIES
- Age of Property
While the kitchen is updated, the 1987 build year suggests other areas or systems may be original or require modernization, potentially incurring future renovation costs for a buyer.
- Modest Interior Square Footage
At 2241 sqft for 4 beds/3 baths, the interior living space might be considered modest relative to the expansive lot size and price point, potentially not meeting expectations for buyers seeking larger indoor areas.
- Recent Price Reduction
A recent price adjustment from $1.075M to $1.05M indicates potential market resistance or an initial overpricing, which could influence buyer perception and negotiation strategy.
About 1793 Praed
Stunning hillside home with panoramic views, detached shop (30 by 30), putting green, RV parking, potential for 5+ car garage (3 car attached +detached workshop), & so much more. Set on an expansive lot with panoramic mountain and city views, this impressive home blends comfort with exceptional outdoor functionality. From the moment you arrive, the property makes a statement with strong curb appeal, mature landscaping, and a wide driveway leading to dedicated RV parking and extensive storage options. Inside, the home features a bright, open layout with soaring ceilings, large windows that capture the surrounding views, and multiple living spaces ideal for both everyday living and entertaining. The main living room is warm and inviting, while the spacious great room offers built-in cabinetry and flexible space for gatherings, media, or recreation. A built-in wet bar enhances the home’s entertaining appeal and creates a natural hub for hosting friends and family. The updated kitchen is generously sized with abundant cabinetry, a large island, and excellent flow into the dining and living areas—perfect for those who love to cook and connect. Step outside to discover what truly sets this property apart: a private three-hole executive golf course right on your own grounds, offering a rare lifestyle experience for golf enthusiasts. The expansive yard also includes a large detached workshop, ideal for car enthusiasts, contractors, hobbyists, or anyone needing serious workspace. With ample room for additional parking, equipment, toys, or future improvements, this property offers unmatched flexibility. Located in a desirable Riverside neighborhood with easy access to shopping, dining, and commuter routes, this home delivers a rare combination of privacy, functionality, and lifestyle.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1987
- Lot Size
- 32,670 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $45.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,241 | 1,759 | 68% |
| Lot Size | 32,670 | 7,841 | 97% |
| Price | $1.05M | $680.0K | 89% |
| Price per sq ft | $469 | $385 | 75% |
| Built year | 1987 | 1986 | 50% |
| HOA | $45.0 | $0 | 61% |
| Days on market | 44 | 184 | 3% |
Pricing History
Listed for Sale
Feb 5, 2026
$1,050,000
$1,075,000
-2% Price Drop
Initial Listing
Price Change
Jan 22, 2026
$1,075,000
Initial Listing
Sold
Aug 5, 1998
$243,181
Public Record
Sold
Apr 3, 1996
$230,000
Public Record