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  5. ›Public Auction Tax Deeded Property - 148 Goodhue Road

Town of Derry·New Hampshire

Public Auction Tax Deeded Property - 148 Goodhue Road

Closes 12/17/2021$15k – $30kInvitation for Bid
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Description

This notice announces a public auction of a tax‑deeded vacant lot located at 148 Goodhue Road, Derry, NH. The town is selling the 1.12‑acre parcel “as‑is, where‑is,” with a required $10,000 deposit at closing and a 10 % buyer’s premium added to the winning bid. The auction will be held on Friday, December 17, 2021 at 4 PM, and the balance of the purchase price must be paid within 30 days. The town reserves the right to reject any bid, and buyers are responsible for conducting their own due‑diligence regarding liens, well and septic requirements, and buildability. • Property: 1.12‑acre vacant lot, previously housed a single‑family home (razed 2017). • Financial terms: $10,000 deposit, 10 % buyer’s premium, full payment due within 30 days. • Sale conditions: “AS IS, WHERE IS”; quitclaim deed conveyance; town may reject any bid.

Attached files

Contact

(603) 734-4348

Key dates

Opened
9/26/2026
Closes
12/17/2021

Last updated

Details

Type
Invitation for Bid
Industry
Real Estate
NAICS
531210

Budget estimate

$15,000 – $30,000

The buyer’s financial exposure consists of the winning bid, a 10 % buyer’s premium, and a $10,000 deposit. Assuming the property sells near its assessed value of $130,800, the premium would be roughly $13,080, yielding a total cash outlay of about $143,880 (plus any outstanding liens). For a service‑oriented firm (e.g., a title company or closing attorney) that might earn a fee of 0.5‑1 % of the transaction value, the budget could range from $720 to $1,440. If the client were a developer planning to build on the lot, expected profit could be $15,000‑$30,000 after construction costs, based on typical modest residential development margins.

AI estimate from the solicitation

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