Sedan, NM 88436 - Union County

School Section 640

State: New Mexico

Region: Northeastern

County: Union

Property Type: Irrigated Farmland/Grassland

Acres: 640 acres more or lessNM State Leased Land

Price: $475,000.00

Taxes: NoneState Lease Section.

Location: 15 miles South of Clayton, NM on Hwy. 402 to Furlow Rd. (all weather road) thence 1 mile West on Furlow Rd. to Nikkel Rd. arriving at the Northeast corner of the property.

Lets look at this 640 acre New Mexico State Lease property!

Information on the property is as follows:

1. A three bedroom, 1 bath, two story home with stucco exterior, a detached wood frame two-car carport and a beautifully landscaped yard with huge mature trees. The yard is flood irrigated from the irrigation system for the sprinklers.

2. A 42X50 metal, heated shop building with concrete floor and two electric roll-up doors.

3. There is a small set of wood pens with a permanent loading/unloading chute and a manual working chute for livestock handling. The property is fenced with five strands of barbed wire with 4 steel posts and one cedar post. Please view on our website or request an information package on the Grain & Beef Factory which has an excellent set of steel working pens. This property is located one mile south of the Grain & Beef Factory to the northwest corner of this property.

4. A domestic well equipped with a submersible electric motor and pump furnishes water for the home, improvements and water for livestock.

5. The State Leased section is half improved/native grass with two irrigated circles on the remaining half section (corners on the irrigated circles remain in grass).

Information on the sprinklers and irrigation equipment is as follows:

a. The northeast circle has a 1985 Valley pivot sprinkler nozzled at 400 gallons per minute with low drops spaced on 60 centers with standard size tires.

b. The northwest circle has a 1975 Gifford Hill pivot sprinkler nozzled at 475 gallons per minute with low drops spaced on 60 centers with standard size tires.

c. The two south quarters of the property have had a sprinkler on improved grass which has been allowed to revert to mostly native grass. The sprinkler parked on the southwest quarter of the property is a 1985 Valley pivot sprinkler equipped with low drops spaced on 60 centers with standard sized tires and is parked on the grass.

d. The three irrigation wells on the property and the pivot sprinklers are all tied together with 50lb. PVC underground irrigation pipe.

According to the owner, one irrigation well is drilled approximately 560 ft. deep and is equipped with a turbine pump powered by a vertical hollow-shaft electric motor producing approximately 450 gpm, the two remaining wells are drilled approximately 325 ft. deep and are equipped with submersible electric motors and pumps producing approximately 50 gpm from one well and 30 gpm from the other well.

It is generally assumed that in this area that drilling to deeper depths will produce considerably more gallons per minute per well.

According to the Owner he runs one sprinkler at a time year round.

The State leased Section is in its 3rd year of a five year contract maturing in 2017 with cost of the lease being $2.00 per acre annually.

The State Lease will be transferred to a Buyer upon Buyers purchase of owners improvements and equipment.