A bank has purchased approximately 220 acres known as Mount Aetna Farms, off Robinwood Drive, just outside the City of Hagerstown.
Auctioneer David S. Fox, chairman of Go Industry Michael Fox International, said Mercantile Safe Deposit and Trust purchased the property in a foreclosure sale for $9 million.
The auction was held Wednesday on the front steps of the Washington County Courthouse in Hagerstown. About 20 people gathered for the auction.
Michael G. Gallerizzo, an attorney representing Mercantile, said the property would end up in the hands of Osprey I LLC.
No information was available Wednesday about plans for the property.
Fox began the bidding price at $10 million, then dropped it to $5 million when there were no takers. The price then climbed to $9 million in a matter of minutes.