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  5. ›Sale of Town-Owned Property 2021

Town of Derry·New Hampshire

Sale of Town-Owned Property 2021

Closes 12/16/2021$5k – $20kInvitation for Bid
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Description

The Town of Derry, NH is offering two parcels of municipally‑owned land for sale through a sealed Request for Bids. Interested parties must submit separate sealed bids for each parcel along with a $500 deposit per parcel. The buyer assumes all outstanding taxes, interest, penalties, and all closing costs (deed preparation, recording, legal fees). Successful bidders must close the purchase by 31 January 2022, and if the buyer is an adjoining owner, the parcel must be merged with the existing lot(s) by 1 May 2022. • Two parcels available: 5.5 Tracy Drive (2.88 acres) and 30 English Road (0.16 acre). • Mandatory $500 deposit per parcel; buyer assumes approx. $12k and $5.8k in tax/penalties respectively. • Bids sealed and due 16 Dec 2021 2 p.m.; questions due 13 Dec 2021. • No warranties; buyer responsible for due‑diligence, zoning, environmental checks, and all closing costs.

Attached files

Contact

Diane Mulholland(Tax Collector)

[email protected]

Key dates

Opened
9/26/2026
Questions due
12/13/2021
Closes
12/16/2021

Last updated

Details

Type
Invitation for Bid
Industry
Real Estate
NAICS
531310

Budget estimate

$5,000 – $20,000

While the town does not disclose the purchase price, the minimum financial commitment for a bidder is the $500 deposit plus assumed taxes/penalties (~$12 k for Parcel 1 and ~$5.8 k for Parcel 2). If the client’s role is to provide legal or transaction services, typical fees for such real‑estate closings range from 0.5% to 2% of the sale price plus fixed service fees, suggesting a potential earnings window of roughly $5,000 to $20,000 depending on purchase price and scope of services rendered.

AI estimate from the solicitation

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