Real Estate: Check out this $849k home in Citrus Heights – Citrus Heights Sentinel

By Sara Beth Williams–
At nearly $850,000, an expansive 3,600-square-foot home on a third-of-an-acre in Citrus Heights is listed at a price significantly higher than the median home price in the area.

The two-story home is located at 5617 Kingwood Drive and listed at $849,900, or $236 per square foot. Located in the Birdcage Heights neighborhood, the newly-updated property features five bedrooms, 3.5 bathrooms, a two-car garage, plus a separate detached garage and adequate parking for an RV and boat.

According to Trulia.com, which tracks real estate and housing trends, the home last sold in November 1999 for $270,000. The home was originally built in 1962.

The Kingswood Drive property is located less than half-mile from Kingswood K-8, and has easy access to Madison Avenue and Greenback Lane, which are both well-traveled thoroughfares that leads to major shopping centers in both directions.

According to the property description, the home has been remodeled, with multiple new amenities, including a new HVAC system, stainless-steel appliances, and granite countertops. The interior also boasts two downstairs fireplaces, and one fireplace upstairs.

How have Citrus Heights home prices changed over the years?

Local real estate appraisal expert Ryan Lundquist in a March 14 blog post said 2024 is so far seeing good listings sell quickly with strong competition, “but anything that’s overpriced is just sitting since buyers are picky about condition, location, and price.”

In 2023, a four-bedroom, three-bath, 2,990 square-foot home that sat on three-quarters of an acre went on the market for $795,000, a cost of $266 per square foot. In 2022, a five-bedroom, $1.29 million home was taken off the market after dropping over $80,000 of the original listing price. It sold the following year for $1.09 million.

By contrast, in 2016, the most expensive single-family home sale in Citrus Heights sold for $556,000, twice the average selling price of homes in Citrus Heights that year. In 2018, another on Cross Drive sold for $625,000, or $149 per square foot.

According to Redfin, In February 2024, Citrus Heights home prices were up 11 percent compared to the same time last year, selling for a median price of $482,000. Roughly half of the homes sold over list price, while 35 percent saw price drops.