Price is negotiable, as all things are.
However, the substantiation for the price came from three different sources. Spoke with folks at GMAX, which have actually sold this specific aircraft two owners ago and are very familiar with it and whom I consider the primary authority on reasonable pricing. I then did some research using the PlanePhD folks. Lastly I received an official offer from a broker on a trade in. I then figured out the lower bound of the value based on those data sets, given the noted high hours on the airframe, near TBO on the Engine and the fact that although I've been told the prop has been maintained, I can't find evidence of that in the log books.
N532D flies beautifully and sips fuel, which is great for trips around 400NM or less, for me. My mission has changed to a 800NM trip weekly, and across two mountain ranges, which makes N532D, unfortunately, the wrong machine for the mission. I would not be selling it if it were not for the change in mission.
To anyone interested, I just recently also got a USED Garmin GPS 155XL that I've not installed yet. The unit comes with the purchase price if the aircraft is purchased soon, else I'll get it installed during it's annual in August.
I believe this to be a great entry point for a Mooney, with great potential to do as you please for engine and panel. Maybe an upgrade to the Penn Yan engine and power flow exhaust installed now would be a Lycoming IO-390, which has an STC for the F-model. You'll easily rival much more expensive aircrafts with a modest investment, but the great thing is that you get to decide where to invest for both the engine and additional panel upgrades, and you will not need to be in a hurry. Depending on weather you fly the average 50ish hours per year or south of that, you'll have two years to accrue funds for Engine and Panel upgrades.
