Grazing/rural development land south of Tulsa sells in Schrader auction

Some bidders were seeking land for livestock grazing. Others sought sites on which to build new homes. And still others were attracted by the minerals and operating oil wells. By the end of Thursday’s auction of 588 acres south of Tulsa, buyers succeeded in obtaining all of those.

The land sold to nine buyers for a total of $1.49 million.

'We had a nice crowd of about 100, and their interests pretty much mirrored the types of tracts. We offered the land in 24 tracts that attracted different types of buyers. Most of the land - about 550 acres - consisted of grassland, but it's in an area where there's also demand for land for home sites. To accommodate that, we had a number of tracts as small as five acres, and these were well received," said Brent Wellings, who manages Schrader’s Southwest operations. "The most important thing is that we had a positive outcome for our seller."

Next up in Oklahoma for Schrader is the auction of 520 acres in McClain County near Goldsby and Purcell, offered in 23 tracts ranging from six acres to 76 acres. "The McClain County land includes both tillable land and pasture located in a growth area south of Norman, with some great views and multiple ponds," said Wellings.

Read More Auction Articles & News