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The iconic "Carousel House" at 3332 SW Fairmount Lane in Portland, Oregon, has been listed for sale for the first time at $1.7 million. This landmark property, a testament to early 20th-century Craftsman-style architecture, offers a rare opportunity to own a meticulously preserved piece of local history. The home's name derives from its unique, multi-sided design that creates a flowing, circular floor plan, a highly unusual feature for its era.
Built in 1913, the residence is a prime example of the Craftsman-style, an architectural movement emphasizing handcrafted detail and natural materials. Its significance lies in the radial floor plan, where rooms are arranged around a central core like a carousel, maximizing natural light and creating unique sightlines. Key features include extensive original millwork (the custom woodwork created in a mill, such as trim, doors, and paneling), built-in cabinetry, and a stunning, original leaded-glass window on the main landing. The property has been maintained with a focus on preservation, ensuring these historical elements remain intact for the next owner.
Spanning approximately 3,200 square feet, the home features four bedrooms and 2.5 bathrooms. The main level includes a formal living room with a fireplace, a dining room, and a sunroom that capitalizes on the radial design. The kitchen has been updated to modern standards while respecting the home's character. Upstairs, the bedrooms are arranged around the central landing, which is illuminated by the signature stained-glass window. The nearly half-acre lot provides generous garden space and a sense of privacy rare for properties within Portland city limits. Based on our experience assessment, the combination of historic charm and functional living spaces makes it suitable for a buyer seeking a one-of-a-kind primary residence.
The asking price of $1,700,000 positions the property in Portland's luxury market segment. To understand this valuation, it's helpful to consider key metrics for comparable historic homes in desirable neighborhoods. The following table illustrates average data for similar properties in Southwest Portland's premium market segments, based on recent regional market reports.
| Market Metric | Value for Comparable Historic Homes |
|---|---|
| Average Price per Square Foot | $500 - $600 |
| Average Days on Market | 30 - 45 days |
| Typical Lot Size | 0.25 - 0.5 acres |
This data suggests the listing price is aligned with market rates for a property of its size, uniqueness, and historical significance. Factors such as the extensive original details, larger-than-average lot size, and the home's status as a local landmark contribute to its premium valuation.
Purchasing a historically significant property involves unique considerations beyond a standard transaction. Prospective buyers should prioritize a specialized home inspection that assesses the condition of older systems like plumbing, electrical, and the foundation. It is also crucial to inquire about any historic preservation covenants (legal agreements that protect the historical integrity of a property, which may restrict certain modifications) that might be attached to the deed. Furthermore, insurance costs for a historic home can be higher, and renovations often require working with contractors experienced in period-correct techniques and materials.
Purchasing a property like the Carousel House is not just a financial investment but a stewardship of local heritage. The key takeaways for a potential buyer are to secure a specialized inspection, understand any preservation covenants, and budget for maintenance that respects the home's historical character. The $1.7 million price reflects the home's unique architectural pedigree and its position as an irreplaceable asset in Portland's real estate landscape.
