FAIRVIEW TERRACE TOWNHOME – $249K ASSIGNMENT, LIGHT REHAB, BUILT-IN EQUITY
21541 NE Laurel Wood Ln Fairview, Oregon 97024
Here’s a clean one. 2007 build, 1,806 square feet, three bedrooms, and three full bathrooms. Yes, a true one-to-one bed-to-bath ratio – the kind of arrangement that has quietly prevented more morning standoffs than a fresh pot of coffee.
The main level is open and bright, with a kitchen island, a walk-in pantry, a gas fireplace, and a deck for the two weeks a year Oregon actually allows it. Central A/C and an attached garage are already in place. The lower level is the quiet flex play – its bedroom has a separate entrance, walk-in closet, full bath, and patio, so it works equally well as a guest suite, a home office, or a multi-generational setup. Step out the front door and Fairview Terrace hands you a pool, hot tub, gym, sport court, clubhouse, and an off-leash dog area, with the $500/month HOA covering landscaping, exterior maintenance, and water/sewer – so your future tenant never has to pretend they’ll handle the yard.
Best part: no gut job, no drama. The rehab here is light – cosmetic-refresh territory, almost certainly under $20,000 – so think paint, flooring, and a little polish, not a second mortgage and a prayer. For context, the identical floor plan, unupgraded house a few doors down resold at $320,000 in December 2025, and larger units in the community have traded as high as $390,000. Buy in at $249,000, add a sub-$20K refresh, and you’re all-in around $269,000 against an after-repair value near $320,000 – roughly $50,000 of room to work whether you flip it or hold it. Deals this clean don’t sit.
Here’s how to grab it: walk the property at our open walkthrough on Tuesday, May 26 from 12:00 to 1:00 PM – no appointment needed, just stop by during the hour. Then get us your highest and best offer by Wednesday, May 27 at 12:00 PM (noon). We review every offer and pick the winner at 1:00 PM that same day, so have your proof of funds ready and don’t leave your best number in the truck. Questions before then? Call the office at 541-364-4661, or join our Preferred Buyers List free at yorkinvestmentproperties.com to see deals like this one first. Text your offer to 541-364-4661 and have $5,000 of non-refundable EMD ready to deploy.
DEAL SNAPSHOT
| Item | Detail |
| Price to end-buyer (contract assignment) | $249,000 |
| Estimated rehab (light / cosmetic) | Under $20,000 |
| Estimated all-in | ~$269,000 |
| After-repair value (ARV) anchor | ~$320,000 |
| Estimated equity spread | ~$50,000+ before holding & selling costs |
| Beds / Baths | 3 / 3 full |
| Square Feet | 1,806 |
| Year Built | 2007 |
| HOA dues | $500/month – covers landscaping, exterior maintenance, water/sewer |
| Property Type / Terms | 3-level townhome, Fairview Terrace (gated) – Assignment of Contract |
Restoring Northwest LLC holds an equitable interest in this property under a purchase agreement and is offering to assign that contract to an end-buyer; it does not hold legal title. Oregon’s Residential Property Wholesaler Written Disclosure applies to this transaction and will be provided to all parties. All figures – square footage, bedroom/bath count, repair estimates, comparable values, and HOA dues – are approximate and should be independently verified by the buyer. HOA dues, CC&Rs, and standard closing terms apply.