WILLISTON, N.D., Aug. 21, 2014 /PRNewswire/ -- Sheldon Good & Company (America's real estate auctioneer™) is pleased to announce the upcoming real estate auction of Horizon Ridge, a 229-acre fully approved residential subdivision in the heart of the Bakken and Three Forks oil formation in Zahl, North Dakota. The property, which features 174 one-acre lots (10 of which have already been sold), will be offered to the highest bidder on October 15.
Located just 16 miles north of Williston along Highway 85, one of the most traveled thoroughfares in the region, the property was approved by Williams County to meet the acute housing shortage in the area. The population in Williston has risen from 14,716 in 2010 to an estimated 20,850 in 2013, with an additional 7,000 to 10,000 jobs expected to be added per year according to the Minneapolis Federal Reserve.
"This auction provides an ideal opportunity for a prospective buyer to take advantage of the population explosion occurring in the Williston area," stated John Cuticelli, Chairman of Sheldon Good & Company. "As the largest continuous oil resource in the continental United States, the Bakken and Three Forks formation area has created great demand for permanent housing that is expected to continue increasing for years to come."
Bids are to be submitted no later than 5:00 PM EDT on Wednesday, October 15, 2014 to Sheldon Good & Company: 488 Madison Avenue, Suite 201, New York, NY 10022.
For additional information on the auction and to view the property by appointment, call 800-962-0930 or visit www.sheldongood.com.
ABOUT SHELDON GOOD & COMPANY
Sheldon Good & Company is one of the most recognized and respected real estate auction firms in the United States. Founded in 1965, the firm has a 50-year track record of proven results, having sold billions of dollars worth of real estate. From commercial to residential properties, Sheldon Good & Company provides the most successful platform to buy and sell real estate in the history of the auction industry. For more information, please visit www.sheldongood.com.
Contact: Joshua Greenwald
Rubenstein Public Relations
SOURCE Sheldon Good & Company