1979 Mooney M20J For Sale

[randylach]

SOLD

[blacknchrome]

I don't want to be rude, but you may need to reconsider that asking price.  $95,000 seems super high for very rough interior, original paint, and no altitude hold. 

With front seats like these, I'd offer you significantly less. 

And that's my opinion.......

[HopePilot]

As an owner, I wish you the best of luck!  Mechanics sound great, but that said, you might want to invest in a cheapie seat re-do.  There is an emotional component to such transactions...

[smitty9006]

With the exception of the seat inserts, I think the interior looks above average. The carpet, side panels, headliner, and panel overlay all look very good. The panel is well equipped too.

The paint looks OK and in my opinion original paint is a plus if it is good.

If I had a bigger budget, I would consider it. Good luck.

[randylach]

Thanks for the opinions.  Yes, the paint is original, but the plane was apparently hangared her entire life.  People never believe it is the original paint.  Yes, the seats have some tears, but we have always had seat pads/covers on them and they have never bothered me.  As Smitty said I dont think it is a "very rough interior" by any means.  I dont think I made a bad decision by investing in the Garmin 430W, 340, and the Engine monitor and fuel flow versus fixing a couple of rips in the seats.  I do understand that the ripped seats may devalue the plane, but I think only having 2600 TT and 600 TSMOH by far makes up for that.  For those who think the price is high, make me a resonable offer.  Thanks for the comments!

[blacknchrome]

I do think you made a good decision by searching out mooneyspace to list the aircraft. 

The plane does have some things going for it.  I'm sure it will make someone a good, efficient ride.

What's after the J for you?

[randylach]

It may be back to clubs and/or rentals for awhile.  Just had a baby and about to transfer to KMSP area for work.  I hate to get rid of her, but got to do whats right for family first.  Hopefully I will be able to find another J in a few years.....

[rbridges]

Quote: randylach

Thanks for the opinions.  Yes, the paint is original, but the plane was apparently hangared her entire life.  People never believe it is the original paint.  Yes, the seats have some tears, but we have always had seat pads/covers on them and they have never bothered me.  As Smitty said I dont think it is a "very rough interior" by any means.  I dont think I made a bad decision by investing in the Garmin 430W, 340, and the Engine monitor and fuel flow versus fixing a couple of rips in the seats.  I do understand that the ripped seats may devalue the plane, but I think only having 2600 TT and 600 TSMOH by far makes up for that.  For those who think the price is high, make me a resonable offer.  Thanks for the comments!

[GeorgePerry]

Quote: blacknchrome

I don't want to be rude, but you may need to reconsider that asking price.  $95,000 seems super high for very rough interior, original paint, and no altitude hold. 

With front seats like these, I'd offer you significantly less. 

And that's my opinion.......

[randylach]

Price lowered to 87K, make me an offer, moving soon!!

[M016576]

That's a nice 201... if I didn't have one already, I'd be all over it!  I like how you've got the logs digitized and online, takes some of the guess work out of the pre-pre-buy!

-JoB

[Capt_CrashN_Burn]

Quote: randylach

  Yes, the seats have some tears, but we have always had seat pads/covers on them and they have never bothered me.  As Smitty said I dont think it is a "very rough interior" by any means.  I do understand that the ripped seats may devalue the plane,

[moodychief]

Any toughts of trading down to a cheaper C model?

[smitty9006]

Quote: Capt_CrashN_Burn

 Even if the seats were in pristine condition, they're still from an era where many Mooney interiors were best described as "fugly". If I was looking to buy the plane, I'd be looking to rip out the seats regardless of condition. I think you made the right call by investing in avionics. Gutting and replacing the interior is going to be more expensive.

[Capt_CrashN_Burn]

Quote: smitty9006

 Even if the seats were in pristine condition, they're still from an era where many Mooney interiors were best described as "fugly". If I was looking to buy the plane, I'd be looking to rip out the seats regardless of condition. I think you made the right call by investing in avionics. Gutting and replacing the interior is going to be more expensive.

[RJBrown]

I had a 1980 231 that I bought in 1994. That was 16 years ago. First thing I did was get rid of the "Indian blanket" seat inserts. I had a upholstery shop put new fabric in the seats because even in good condition they were Ugly. After I got it painted in 1998 I redid the interior in gray leather.

Any Mooney that age qualifies for the $12000 deduct in Vref for needs paint and interior. Texas dirt is how I described the original Brown Orange Tan color scheme of my 231. It was so early 70s.

Figured that way I come up with $78022.

Base retail $71000

add for engine +$5700

Low TT + $2722

Garmin 430 +5000

Fuel flow +$ 1200

Engine analyzer +$1400

Auto Pilot +$3000

and the $12000 deduct for P&I

What am I missing?

I just bought my 1990 J 18 mos ago and would not have considered any plane not Under Vref. Most planes I saw sell were 5-10 K under Vref. Anything over priced just never sold. Some are still out there.

I don't know what you paid for or have in the plane and neither does any buyer. All he cares about is how it compares to others out there. Prices are down since I bought. I thought prices were at the bottom then but now they might not yet be all the way down. I would like to sell mine and get another Rocket, I miss the climb. I figure to lose 10% at least in the sell. But hope to make it back up on a new purchase.

I don't want to sound too harsh but things are not like they were when I sold my Rocket in 2002. You cant expect to see any appreciation in price.

I bought a bone stock 1200 hour 231 for $75000 converted it to a rocket, painted it, redid the interior, added long range tanks, an intercom, an EDM700, fuel flow, speedbrakes some speed mods and a wing light. with about 2000 TT it sold for $175000 and I pretty much broke even. That plane today would sell between 125 and 130.

[DaV8or]

Quote: RJBrown

I bought a bone stock 1200 hour 231 for $75000 converted it to a rocket, painted it, redid the interior, added long range tanks, an intercom, an EDM700, fuel flow, speedbrakes some speed mods and a wing light. with about 2000 TT it sold for $175000 and I pretty much broke even. That plane today would sell between 125 and 130.

[flight2000]

I watch the websites regularly and agree with Randy's assessment.  AA just sold a 1987 M20J with less total time, better avionics, and better paint/interior for $95K.  It sold within a week of it being posted.   

Your first comment says a lot.  You have to remove your personal attachment to the airplane if your going to sell it.

Nothing personal, just saying.

Brian

[flight2000]

Quote: DaV8or

So, my new idea of a career as an airplane "flipper" is perhaps not so sound? Rats!!

[GeorgePerry]

Unless your and A&P with avionics and upholstery knowledge fixing and flipping a plane is a loosing proposition.  I’ve already been “window shopping” and one plane that really appeals to me is the M20J refurbished by pristine aircraft. http://pristineairplanes.com/listing-1978+Mooney+201+M20J-93.html

They’ve lowered the price from 125K to $114,900.   I think this is a good bargain when compared to the cadre of other “unrestored” 201’s on the market right now.   To take a typically $85K 201 and do all the things that pristine has done, (new paint, interior, modern avionics, 0 time engine etc)… you’d be in it for $130K. 

 

[F18Lumpy]

Brain, when you buy the J, let me know, I might be interested in your F.

 

Take care Bro,

R

Lumpy

[flight2000]

Lumpy,

Was that for me?  I have an E though and who said I was looking at a J?      Damn spies.... 

Thanks,

Brian

[F18Lumpy]

Nope, it was for George "Brain" Perry.  He was in VFA-105 when I was in VFA-37.

Aren't we all looking for a "J?"

But I just read in another post that he sold his F, so it looks like I'm still shopping.  :-(

 

Sorry to bother you Brian.  :-)

Lumpy

[flight2000]

I get Brain in emails a lot so had to ask...  

No issues.

Brian