Thought you could never afford a new 201? 1061 TT

[moonery]

Very nice 1986 Mooney 201 with 1061 Total time. Yes, 1061 TT. Damaged but will fly home and be an easy repair. Pilot landed gearup, hitting a runway light with right wing. As I stated, plane will fly home. Prop has been replaced and AC made ferriable. Damage is as follows:

3rd skin from tip needsto be replaced. Did not touch spar, but needs 1 rib and 1 stringer replacedor repaired

Small bump in LE of right wing that will work out. Nothing to replace

NG doors of course

RH cowl flap has minor scrape

Tailpipe has small scrape

Fiberglass belly pan has 3 areas that are very small that need repaired. Belly is on AC and fastened.

Step needs replaced and a small repair to the step bulkhead. No skin or bulkhead replacement.

Pilot put gearhandle in the down position too late, so needs L&R main gear rods as well as the NG retract truss. Gear is still legged now.

Needs LH inner clamshell gear door.

A mechanic(sheetmetal) with mooney experience quoted me $1,500.00 labor for the sheetmetal work

Quote of $800.00 for prop strike inspection

Prop will need OH for paperwork or I will knock off $2,000.00 and keep the propand you can applythat to 3 blade if you want

 

Now for the good stuff

N58135

24-1567

1061 Total time airframe and Engine

Complete logs from day 1

Annual expires end of March 2013

No damage history prior to this incident

Impeccable logs.

All work ever done done by reputable shops and documented.

New leather interior. Smells like new leatherwhen you open the door

Both front seats fully articulating with lumbar on both

headrests on all 4 seats

all interior plastic in above average condition

Excellent glass

Very nice original paint

Plane has been hangared, so does not have the typical glareshield warping

This was a no excuse plane before the incident

Pull the top cowl off and engine and firewall look new

No corrosion, spent most of its life in Ark

Avionics;

 

KMA24

Garmin 430W

King KX165

KR87

KT76A

KFC150

KCS55A

WX8

4 place intercom

Vertical compass

 

$62,000.00 with prop or $60,000.00 without. Either way you are welcome to use the prop to ferry home.

 

Any questions call Hunt at 405-662-5586

[jetdriven]

http://www.aigaviation.com/aviationsalvage/salvagedetail.aspx?SalvageId=1331

[Parker_Woodruff]

That sheet metal is going to take more than $1500 to repair. Quite labor intensive. Also trying to figure out how $800 will get the engine torn down and put together again. 

[N601RX]

I'm pretty sure this is Jerry Presley's son. Remember the "ultimate mooney " on eBay that went for a swim

[rob]

There is really no such thing as a good deal. My advice to the seller would be to have those remarkably low priced repairs done and then sell the plane for a premium. By my estimation, your return on the quoted repairs could be 3x their costs. Hard to pass up that kind of investment, isn't it?

[OR75]

the annual is in March 2013 .... LFMAO ....

it will take at least an annual to get behind the wheel ...

[Antoni Deighton]

The numbers make no sense to me; especially with so many nice examples at good prices for sale right now. If this is such a good deal, why no photos? I'd love to see what the damage really is!

[jetlyting]

I had minor prop strike, NO gear up landing and my insurance paid $24,000 plus I had to pony up $8000 for "betterment"

Serious money to fix and a good 3 month wait. This is no easy fix by any means. 

This makes no sense.

[OR75]

there is a cost to inspection and there is a cost for repairs. they can be quite different.

[fantom]

Do other makes have similar "deals"? This one is worthy of our friend, the guru in Venice.

[Antoni Deighton]

The question is, how much for the repairs? $60K? At the end you have an airplane with damage history, in this market say $95-100K? So the most you'd want to pay for this plane is $35K, and that leaves no margin for the headaches of managing the project and the carry costs of owning a grounded plane for several months. In the end, this might prove to be an attractive deal to me at $25-30K, but any more than that and I'll keep browsing Controller and TAP! 

[TonyPynes]

Quote: jetlyting

I had minor prop strike, NO gear up landing and my insurance paid $24,000 plus I had to pony up $8000 for "betterment"

Serious money to fix and a good 3 month wait. This is no easy fix by any means. 

This makes no sense.

[M016576]

tough one to try to sell.... these sorts of repairs aren't getting any cheaper, that's for sure....

[carusoam]

JimR,

I'm not sure the fuel tanks are in unknown condition...

The current photos are indicating known leaks, just the description may have missed the point....

-a-

[carusoam]

It's a case of unknown unknowns...

I used the words "current photos" thinking they may change over time.  Apparently, they already did...

Best regards,

-a-