The asteroid was discovered on 14 October 1904, by astronomer Paul Götz at the Heidelberg-Königstuhl State Observatory in southwest Germany.
[2] It was named from literature after the character "Praxedis" in Joseph Victor von Scheffel's historical romance Ekkehard (1855).
[5]: 23 It orbits the Sun in the central main-belt at a distance of 2.1–3.4 AU once every 4 years and 8 months (1,690 days).
[1] In the Tholen classification, Praxedis has an ambiguous spectral type, closest to an X-type and somewhat similar to that of a darker D-type asteroid.
In the SMASS classification it is a Xk-subtype that transitions from the X- to the rare K-type asteroids.