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I own the above-mentioned Comanche and would like to have some idea of what she is worth in today's 2024 market. I have attached a Spec. Sheet for detail. Any input would be appreciated as I am 80 and have not flown her for several years.
From Pat Barry
Oh, my ...... how long is a piece of string.
Two years ago I reviewed a 250 deceased estate with suspicious maintenance that sold for $16,000 that was bought by a bottom fisher who spent money annulling it and fixing the failed avionics, the disconnected ELT, the lack of ADS-B, yet well equipped I've seen go for $130,000 to $140,000. Comanche 260 sell for about $20,000 more than the 250 having fuel injection and toe brakes.
It surprises me that a beautiful dynamic plane like a PA24-250 sells for less money than a Piper Dakota or a Cessna 182. I see that yours is listed for $90,000 and that's a reasonable figure if it is a pretty, well maintained plane. You could back off a well equipped figure of $130,000, perhaps, deducting for the obsolete panel. You still have an ADF, for example, which is ludicrous. (When I had an ADF it was good for listening to the AM radio stations). Your GPS is a yoke mounted portable. So anyone who buys your Comanche 250 will need to spend money to bring it to a competitive level to that $130,000 Comanche that is well equipped and has a decent GPS and autopilot.
Your ask of $90,000 is reasonable, depending on paint and interior condition. The three bladed prop is good, and the 300 engine hours is good. Most buyers buy a Comanche because they are cheap (shouldn't be, but they are) and will pay at the higher range because they want a plane that they can fly and not need to spend time and money installing an Avidyne IFD540 GPS or a Garmin etc. You might have upgraded the panel previously and you would recover that investment now.
Pat Barry
