Is the Fairmount Phenomenon Driving up Prices? A Look at South Adams Street

South Adams

We haven’t looked in on historic Fairmount for some time. Only a block or so from my Ryan Place home, the vibe and demographic is oh so different. And the Fairmount phenomenon, as I have dubbed it, continues to intrigue.  Is Fairmount becoming a victim of its somewhat unforeseen success? Solid city investment, the re-blooming of Magnolia Street, analogous to Bishop Arts in Dallas, and an extensive inventory of Craftsman-style houses that have been embraced by a new generation have sent values soaring.  With pricing now at $200 per square foot, Fairmount is slipping out of the starter home category. According to Realtor.com, median price has more than doubled in the past three years from $184,000 to $392,000.

The charming, colorful, bungalow at 1421 South Adams St. fits perfectly within the current Fairmount market situation. We were going to write about a house on 1509 Hurley Avenue but it came under contract after one day on the market. Only a block and a half from the lively Magnolia Street restaurant and bar scene, its recently painted shingle front, new roof, and landscape give it loads of curb appeal.

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The interior of the 1,800-square-foot home is bright and has a more open feel than many of these Fairmount bungalows. The original fireplace configuration, framed by built-in bookcases with windows above, are typical features of the Craftsman style.

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Beyond, behind French doors, is the roomy dining room. Warm neutrals complement the furniture, which attractively stages the residence.

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The kitchen has undergone updates with new appliances and cabinetry. Cabinet placement is well planned, hung from the ceiling with no soffit or dirt-gathering dead space.

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Upstairs are the three bedrooms and two of the three baths. Floors have been restored to their original beauty throughout.

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The three full bathrooms have undergone thorough renovation as well. Closet space, always a bugbear in older houses, has been extended and carved out where possible.

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The 1921 vintage property also has a two-car garage. Possessed of plenty of vintage Fairmount charm, it has all of the upgrades necessary for modern living and should perfectly suit a small family. Ironically, as I finish this piece, I have been informed that 1421 South Adams is also, now under active contract. If your heart is set on this historic neighborhood, be prepared to act swiftly.

Fort Worth Friday Update:

Stylish Stagers

Remember this lovely and talented pair from FWF two weeks ago? Team Tina McMackin and Alyson French, star stagers who together comprise AЯRANGE, inform me that the Mira Vista residence that they were sorting when I interviewed them, has gotten a full price offer. Previously on the market for 10 months unsold, it attracted a full price offer even before officially being re-listed after the dynamic duo took the property in hand. It’s fun for me to watch nice people go from success to success. Keep up the great work!

Eric Prokesh is an interior designer whose work has appeared on HGTV, and in books and publications including D Home, Southern Accents, House Beautiful, and House and Garden. In January 2005, HG named Eric one of the 50 tastemakers in America and D Home has included him as one of Dallas’ Best Designers for 10 years. Having lived most of his life in Dallas, he now calls Fort Worth home and is one of our experts on beautiful Fort Worth Dirt.

 

 

4 Comment

  • Great photos (used without Stacy Luecker’s permission).

    http://www.lueckerphotography.com

    • mm

      Hi Allan! We are always more than happy to add a caption to the photos, as when we pull them from MLS, the photo credit is rarely — if ever — included. However, because of our founder and publisher’s license, we are allowed to use photos on the site that are rendered from the listing. I will personally add Stacy’s photo credit to the story, and I appreciate your diligence in making us aware of the talented photographer who took these great shots!

  • I pulled them from the listing (Burt Ladner) as is customary. I did notice they were better than the usual listing pics. Sorry if I have infringed. The first picture is actually mine.