TBD U S 56 Springer, NM 87747

ACERAGE 3,692.257 +/- Deeded Acres, 2,712.0 +/- State Lease Acres 6,404.257 +/- Total Acres. DESCRIPTION Nice open grazing unit with over two miles of Chico Creek running through the middle of the deeded land accessed off blacktop with an easy ford over the Chico near the head quarters or you can access the east side of the property off of a county road if the creek is running high. All improvements are on the west side of Chico Creek. Property is divided into 4 main pastures with Chico Creek running through three of them. The other pasture is watered from a windmill and dirt tanks. There is another good windmill and additional dirt tanks to supplement water. The wells have six inch casing and run into approximately 30 ft steel troughs. Shipping pens are good and located in the central portion of the ranch. Fences are fair to good on the property with an easy flow for much of the ranch. Much of the low country can be seen from the head quarters as everything drains into the creek. The approximately 1,976 sq ft, 3 bedroom two bathroom house was originally built in the 1920’s is constructed of frame with stucco exterior and metal roof. The entry into the mudroom is on a slab foundation whereas the remainder has wood floors with a crawlspace underneath. There is a mixture of improvements including barns/ shop and other out buildings close. They are accessed by a nice driveway lined with trees and further shade trees. There is a third well run off electricity at the head quarters. The property has been well cared for during the dry years and typically the owner will run 400 -500 steers through the summer months. The terrain is gentle to moderate sloped with no real rough country except down above some of the creek in the southern portion of the deeded ground.. The deeded is almost all contiguous except for one out parcel on the east side. PROPERTY TAXES Colfax County 2018 $1,140.68 State Grazing Lease minimum annual rent: $5,758.99 PRICE AND TERMS: $2,837,318.62 cash, or buyer to obtain financing. Seller is looking for cooperation to perform a 1031 tax deferred exchange. Seller will reserve 100% mineral ownership. Seller will reserve an interest in the wind rights and convey a controlling interest to a buyer.