Hello all! Been lurking around for a couple of weeks, have question now.
Looking at a partnership in a '83 201, at the point of putting a value on it.
TTAF <2400 hrs, SFRM <200 hrs, prop overhaul <200 hrs.
530w installed last year, original A/P and HSI
Original paint and interior, paint looks good interior is rough.
Using a July, 2009 issue of MAPA Log came up with $105,900 before deducting for paint and interior (up to $9,000). Two years ago after the engine and prop were done he was offered $115,000. (was not interested in selling his plane, would like a partner now) He understands the market has gone down since then and told me to make an offer for half the plane.
Thank You in advance for any feedback
Erik