FAIRVIEW TERRACE TOWNHOME – $249K ASSIGNMENT, LIGHT REHAB
21541 NE Laurel Wood Ln, Fairview, Oregon 97024
2007 build, 1,806 square feet, three bedrooms, and three full bathrooms.
The main level is open and bright, with a kitchen island, a walk-in pantry, a gas fireplace, and a deck. Central A/C and an attached garage are already in place. The lower level has a separate entrance to its bedroom, a walk-in closet, full bath, and patio, so it works equally well as a guest suite, a home office, or a multi-generational setup. Fairview Terrace has a pool, hot tub, gym, sport court, clubhouse, and an off-leash dog area. $500/month HOA covers landscaping, exterior maintenance, and water/sewer. These homes are able to be rented out.
The rehab here is light – cosmetic-refresh territory.
Contact us for access and inspection at 541-364-4661. Then submit your highest and best offer by contacting us at 541-364-4661. Offers are due Friday, May 29 at 1:00 PM. We review every offer and pick the best at 1:00 PM that same day.
Questions? Call us at 541-364-4661, or join our Preferred Buyers List free to see deals like this one first. Text your offer to 541-364-4661.
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, including square footage, bedroom/bath count, and HOA dues, are approximate and should be independently verified by the buyer. HOA dues, CC&Rs, and standard closing terms apply.
Residential Property Wholesaler — Written Disclosure
The person providing this disclosure is a Registered Residential Property Wholesaler. A Registered Residential Property Wholesaler is someone who markets residential property for which the wholesaler has only an equitable interest or an option to purchase and, at the time of marketing, has held such interest or option for fewer than 90 days and invested less than $10,000 in land development or improvement costs associated with the residential property.
The Registered Residential Property Wholesaler:
- Will only have or only has an equitable interest in the property being sold.
- Will not have or does not have legal title to the property and therefore may not be able to directly transfer title to the buyer.
- Is not a licensed Broker or Principal Broker and therefore might not be permitted to engage in professional real estate activity.
- Might not be a licensed appraisal specialist and therefore might not be permitted to provide an opinion as to the value of the property.
EQUITABLE INTEREST. A person who has an “equitable interest” in a property means someone that has contracted with the current owner for the right to buy the property at a later date even though they don’t have legal title. The contract may allow the equitable interest holder to sell or transfer the right to purchase the property to someone else prior to close of escrow.
ASSIGNMENT OF INTEREST. A Registered Residential Property Wholesaler may assign equitable interest to another party prior to closing for profit.
RIGHT OF CANCELLATION. A seller or buyer who enters into a written contract for a residential property wholesale transaction may cancel the contract without penalty by delivery of a written notice of cancellation any time before 12 midnight at the end of the third business day after the receipt of the Residential Property Wholesaler Written Disclosure. The right of cancellation may not be waived. Upon cancellation, all earnest money or deposits shall be returned to the person who provided the earnest money or deposit.
CONSEQUENCES OF NON-DISCLOSURE TO SELLER. If the Residential Property Wholesaler fails to provide a Residential Property Wholesaler Written Disclosure to the seller before entering into a written contract for a residential property wholesale transaction, the seller may terminate the contract at any time without penalty and retain any earnest money or deposit paid to the seller or deposited in escrow by the Registered Residential Property Wholesaler.
LIABILITY FOR DAMAGES. If the Registered Residential Property Wholesaler fails to provide a Residential Property Wholesaler Written Disclosure to the seller or buyer, and if the purchase and sale agreement is terminated as a result, the wholesaler shall be liable for damages incurred by seller and buyer.
LEGAL PROCEEDINGS AND RECOVERY OF COSTS. In any mediation or arbitration proceeding or civil action arising due to the Registered Residential Property Wholesaler’s failure to provide a Residential Property Wholesaler Written Disclosure before entering into a written contract for a residential property wholesale transaction, the prevailing party is entitled to recover all reasonable attorney fees, costs and expenses incurred at trial, on appeal, at mediation and at arbitration from the Residential Property Wholesaler.
HOW TO FILE A COMPLAINT. If you believe a Residential Property Wholesaler has violated any governing statute or rule, you may file a complaint with the Oregon Real Estate Agency (OREA). OREA will review the complaint. In most cases, other people involved in the case, including the respondent, will be contacted. Based on the information received, OREA will determine whether to start an investigation.
Oregon Real Estate Agency — www.oregon.gov/rea — orea.info@oregon.gov — (503) 378-4170
Wholesaler: York Home Buyers LLC / Restoring Northwest LLC — Dominic J. York, Registered Residential Property Wholesaler (Oregon). Form Rev. 5/2025.