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Major land auction: 11,970 acres of timber sell in CNX auction
When 11,970 acres of land went to auction in southeastern Ohio’s Noble County, people from all around took notice. And on auction day, 198 of them, from 11 different states, registered as bidders.
By the end of the day, the land sold for $12.092 million, with the 63 tracts going to 41 different buyers from five different states.
“We had a lot of land, but there was widespread interest, and more than 300 people attended the auction. It was a packed house. At an auction like this, the land could have all gone to a single bidder seeking all of it, but the individuals seeking tracts for recreation and other purposes won out in the end,” said R.D. Schrader, president of the auction company.
“A lot of these buyers are looking forward to some good hunting,” said Schrader.
The land, previously owned by CNX, included mixed hardwoods as well as some meadows, creeks and ponds, and was offered in tracts from one acre to 562 acres. The land included surface rights only, with no mineral rights being included. Coal leases applied to nearly half the acres. It was located approximately five miles east of I-77 in Caldwell, approximately 80 miles from both Pittsburgh and Columbus.
“CNX is excited to return this surface back to the public for their individual use and enjoyment,” said Rodney Wilson, director of business development at CNX Resources Inc.
Individuals seeking information about buying or selling at auction may visit www.schraderauction.com or call 800-451-2709.