Million-dollar home in Citrus Heights taken off market

By Mike Hazlip—
A Citrus Heights home originally listed at $1.29 million has been taken off the market without a sale, after several price drops.

Real estate records show the home at 7534 Sycamore Drive was taken off the market on Sept. 13, after multiple price changes and pending sales dating back to November 2020. The million-dollar estate has yet to find a buyer after shedding nearly $80,000 in three price drops since August 6.

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 home is not located in a neighborhood with similar estates. 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 listing agent for the property did not return a request for comment, and has told The Sentinel previously she could not comment without consulting the property owners.

Real estate appraisal expert Ryan Lundquist said he could not comment on the price without assessing the property, but recent reports from his Sacramento Appraisal Blog have shown marked shifts in the housing market.

In a Sept. 27 report, Lundquist looked at 7 percent mortgage rates and warned buyers about a potential correction in the market.

“It’s as if the housing market is the sacrificial lamb on the altar of Fed strategy to curb inflation,” Lundquist said. “My advice? Start believing the Fed about their intent to change the housing market.”