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  5. ›Property Sale - 521 Sunderland Road, Lot 2 / ED

Awarded contract·City of Worcester·Massachusetts

Property Sale - 521 Sunderland Road, Lot 2 / ED

Won by Habitat for Humanity$100kSingle Award
Contract source

Awarded vendors

  • Habitat for Humanity

Description

This contract concerns the sale of a vacant 7,002‑square‑foot parcel at 521 Sunderland Road, Lot 2, Worcester, MA. The City of Worcester solicited bids, set a minimum price of $75,000, and required a 10 % bid security. Habitat for Humanity submitted the winning bid of $100,000 and was awarded the property, becoming the preferred buyer. The buyer must develop the land into a single‑family, owner‑occupied residence, commence construction within 30 days of receiving a building permit, and complete it within 24 months, or the deed reverts to the City. The agreement includes extensive indemnification, environmental liability, and non‑assignment clauses, as well as requirements for title, surveys, and compliance with all local regulations. • Minimum bid: $75,000; winning bid: $100,000 • Development must be owner‑occupied single‑family home, 20‑year occupancy requirement • Construction must start within 30 days of permit issuance and finish within 24 months, otherwise ownership reverts to the City.

Attached files

Key dates

Bids closed
11/2/2022
Duration
24 months

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Real Estate
NAICS
531210
Solicitation №
7901-W3

Contract value

$100,000

The solicitation set a minimum bid of $75,000 and the winning bid was $100,000, which represents the actual purchase price. No additional funding or recurring payments are described, so the contract’s monetary value is essentially the sale price of $100,000. Development costs (construction, permits, utilities, etc.) are borne by the buyer and are not part of the contract’s award value. Therefore, the estimated contract value is approximately $100,000.

AI estimate from the award documents

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