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Tuesday, May 30, 2023

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A home at 7534 Sycamore Drive is pending sale, after a recent price drop to $1.25 million. // M. Hazlip

By Mike Hazlip—
Homes in Citrus Heights selling for the once-unheard of price of more than $1 million are now a reality in today’s housing market.

A home at 7534 Sycamore Drive, near Auburn Boulevard and Antelope Road, was listed last month for $1.3 million and saw a price drop of $50,000 before changing to “pending” status on July 14, according to MetroList data published on the home’s Trulia.com listing.

The five-bedroom, three-bath home was built in 2018 and occupies over 4,000 square feet of a large, .83-acre lot. The listing shows the home has amenities in league with other million-dollar offerings, such as 21-foot ceilings, tile floors, a master bath with quartz vanity, raindrop shower and air jets in the tub.

The listing says the home features an attic space, with skylight windows, and the kitchen offers an island and quartz counter tops. There is also a pantry and stainless steel appliances. All this is fed by a tankless water heater in the 900-square-foot garage.

Outside, the property offers enough space for an all-around driveway, walkways, patio, and 29 fruit trees with room left over for an RV access and dog run, according to the listing.

Photographs of the home show a modern color palette of grays and white that stands in stark contract to surrounding homes along the same street. Interior photos show a similar modern contemporary aesthetic. County assessor records show a modest 1,484-square-foot, three-bedroom, one-bath home built in 1964 once occupied the lot.

Auburn Boulevard is just a few hundred feet away from the driveway, and the lot is flanked by older homes and commercial developments along the boulevard. The Sierra Oaks Apartment complex is located about 150 feet away.

The home’s listing agent, Albina Komissar, told The Sentinel she needed to seek permission from the home’s owners before giving further details.

From last week: Another million-dollar home hits the market in Citrus Heights. Will it sell?

In a July 5 report, real estate appraiser Ryan Lundquist said three residential listings in Citrus Heights currently top the million dollar mark, with the home on Sycamore Drive being one of them. The highest residential sale ever recorded in Citrus Heights was $1,050,000 in March 2022, Lundquist said.

“When it comes to lofty listings, we need time to see what happens,” Lundquist said. “It’s always possible the market will bite after recognizing value is there. But what happens sometimes is listings will do nothing but sit instead of sell, or they will have a series of price reductions before buyers bite.”

Multiple reports from The Sentinel show several properties listed in Citrus Heights are seeing price reductions as the market cool.

Related: More homes on market see price drops in Citrus Heights, region

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