By Sara Beth Williams–
A 5-bedroom, 3.5-bath home on Kingswood Drive recently sold for $800,000 after dropping in price by $50,000, according to Trulia, a real estate listing site.
At its original listing price of $849,000, the expansive 3,600-square-foot home on a third-of-an-acre in Citrus Heights was listed at a price significantly higher than the median home price in the area. The home sold on May 6, according to online records.
Related: Real Estate: Check out this $849k home in Citrus Heights – Citrus Heights Sentinel
Sacramento-area residential appraiser and housing market analyst Ryan Lundquist told The Sentinel last month that median housing prices in Citrus Heights for the month of March were approximately $490,000, and homes sold had an average square footage of 1,419 feet. Lundquist added that, while the median price affects the going rate in the market, what is actually selling can in turn “greatly influence” the median price.
On average, homes in the immediate area of Kingswood Drive have sold for between $500,000 and $700,000. A home on the same street, with a smaller footprint, sold for $730,000 in 2023.
According to Trulia.com, the home located on 5617 Kingswood Drive sold on May 6 for $800,00 and was previously sold in November 1999 for $270,000. The home was originally built in 1962.
A 5-bedroom, 3.5-bath home on Kingswood Drive recently sold for $800,000 after dropping in price by $50,000...
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