1981 M20K Valuation.

[Lood]

Could someone please give me a rough idea? I'm looking at one over here in SA and need to valuate it in terms of it's US$ value.

M20K - 1981 model with orignal paint and interior - both in a good 7-8/10 condition. Airplane has about 1900hrs TT.
Engine - 50 hours on a factory reman installed in 2008
Prop also probably 50hrs since overhaul - two blader with the bent back tips.

Avionics is standard for the time:
KX165 with ILS (HSI), KY196, KNS80/1? with VOR/ILS, KR87, KFC200, KT76, KMA24.

Unfortunately, I can't recall whether it has a stormscope installed, but I'm sure it has one. The airplane is in real good conditiion, well maintained and looked after with no damage history or corrosion. They are struggling a bit with one of the tanks leaking at the moment though.

I'd appreciate any inputs on what this airplane would sell for were it in the US.

 

[flight2000]

Depends really on which M20K version your looking at.  The data I used for the below numbers are for a 231.

A quick reference point via the AOPA Vref evaluator puts it at $104,000 USD at the hours you listed.  Add anywhere between $2 and $4K for the stormscope (would need the exact type). Again, this is a rough esitmate.

I'd also look at current sale listings as prices are all over the map right now.  Saw a 1982 M20K 231 listed for $72,800 and a 1980 231 for $69,000 on controller.com.

http://www.controller.com/list/list.aspx?ETID=1&catid=6&Manu=MOONEY&Mdltxt=M20K+231&mdlx=exact&setype=1

[jax88]

I suppose your market value will be dictated somewhat by the availability in your region, but here in the U.S. I would expect to pay no more than $90k for what amounts to an original 231 with a low time engine, leaky tank, and no intercooler or wastegate.  In fact, I'd probably make my initial offer closer to $75k-$80k.  It is definately a buyer's market, just gotta find a seller who understands that it is.

Now, time to update my list of available 252s, Rockets, and Bravos.

[Lood]

It is indeed a standard 231.