BarnstormersA New

1963 CHEROKEE 160

Name: 1963 CHEROKEE 160
Brand: Piper
Price: 57000 USD
Availability: InStock

1963 Piper Cherokee

In Lake Elmo, MN Listed today

See all Piper Cherokee for sale

About this aircraft

$57,000 · FOR SALE BY OWNER · 1963 Piper Cherokee 160 located in Lake Elmo, MN. AFTT: 5861.4. Engine: Lycoming O-320-D2A, ESOH: 909.2. Propeller: Sensenich 74D, PSOH: 361.6. Steam gauge six pack, mode-c transponder, ADS-B out, 2 radios. Recent annual completed 4/2026. Hangared. Logs available upon request. Wheel pants included.

Specifications

Year: 1963
Total time (TTAF): 5,861 hrs
Engine time (SMOH): 909 hrs
Engine: Lycoming O-320-D2A
Annual due: Apr 2026

Avionics & panel

ADS-B compliant

ADS-B Out equipped. No glass, GPS, or autopilot found in the listing — ask the owner about the full panel.

ADS-B Out

Steam gauge six pack
Mode-C transponder
ADS-B Out
2 radios

Equipment list extracted from the seller's description. Verify with logbooks before purchase.

How this stacks up

2 in this listing's favor1 to ask about

Good deal
$82,000 (59%) below the median of 5 similar-year, similar-hours Piper Cherokee listings
Listed today
Listed more recently than ~100% of the 20 comparable Piper Cherokee listings still for sale
Annual may be overdue
The listing states the annual was due Apr 2026 — confirm the aircraft has a current annual before you commit
Engine has life left
1,091 hrs to TBO (55% of the 2,000-hr Lycoming O-320 interval remaining) — an overhaul is well down the road
4/5 key specs
Most key specs are provided; verify any missing details with the seller

This summary draws on signals shown in detail below — price comps, listing age, maintenance and engine status, and key specs. Read each section for full context. Not an appraisal.

Engine Life

Based on 909 hrs since overhaul (SMOH) and the published 2,000 hr TBO for the Lycoming O-320.

1,091 hrsto TBO

55% of TBO remaining

≈ 11.5 years to overhaul at its historical pace

1,091hrs left ÷ this aircraft's ~93 hrs/yr average. A rough projection — your own flying rate will change the timeline.

Engine reserve budget~$900/yr · ~$9/hr

Estimated overhaul cost ($18,000) spread over 2,000 hr TBO at 100 hrs/yr — a rule of thumb, not a quote.

Airframe time

Average over the aircraft's life — 5,861 hrs total time across ~63 years. A rule of thumb, not a guarantee.

≈93 hrs/yrTypical

Typical utilization

This airframe has averaged about 93 hrs/year over ~63 years — in the normal range for a personal aircraft: regularly exercised without being worked hard.

Annual inspection

Required every 12 calendar months. Read off the listing's stated annual-due date — confirm against the logbooks.

Apr 2026Verify

Annual inspection may be overdue

The listing states the annual was due Apr 2026, about 4 months ago — confirm the aircraft has a current annual, and budget ~$2,500 if it still needs one.

Cost to own

Rule-of-thumb estimates — insurance ≈ 1% of price, hangar $7,500/yr, annual inspection $2,500/yr, fuel + oil at your selected hrs/yr. Engine reserve from the panel above is folded into the split. Your actual costs will vary.

As a sole owner

$1,956/mo$23,470/yr

≈ $235 per flight hour at 100 hrs/yr — flying fewer hours raises this (fixed costs spread over fewer hours)

$57,000 to buy (the asking price)

At 100 hrs/yr, renting at $150/hr would be $8,470 cheaper annually — fly more to see ownership savings.

Ownership	Buy-in	Monthly	Annual
Full ownership (sole)	$57,000	$1,956/mo	$23,470/yr
1/2 share	$28,500	$1,478/mo	$17,735/yr
1/3 share	$19,000	$1,319/mo	$15,823/yr
1/4 share	$14,250	$1,239/mo	$14,868/yr

Buy-in is the asking price split evenly across partners — what you'd each pay to acquire the aircraft (the real figure is negotiated). Fixed costs (insurance, hangar, inspection, engine reserve) split equally by number of partners; fuel/oil is per-pilot since each partner flies their own hours.

Run your own numbers Find a co-owner on ClubHanger

Price

$57,000

~39% below market · $94k median · 20 comps

ClubHanger Estimate

Below market

Asking $36,500 (39%) below the median Piper Cherokee listing.

20 other Piper Cherokee listings for sale now range $55,000–$199,500 (median $93,500) — this one is priced above 5% of them.

$55,000$199,500

this listingmedian

Deal check

Good deal

Asking $82,000 (59%) below the median of similar-year, similar-hours Piper Cherokee listings.

Compared with 5 Piper Cherokee listings for sale now within ±5 years and comparable total time — controlling for the two biggest value drivers, so this is a genuine value read (median $139,000).

See all Piper Cherokee for sale

Compares this asking price to all Piper Cherokee listings — actual value also depends on year, hours, and avionics. An estimate, not an appraisal or an offer.

Listed today — listed more recently than ~100% of the 20 similar Piper Cherokee listings for sale now

Co-ownership available

2 co-ownership shares listed for Piper Cherokee aircraft on ClubHanger.

From $8,000 buy-in — split the fixed costs with a partner instead of owning outright.

Browse Piper Cherokee partnerships

Pilots looking to co-own

1 pilot is looking to co-own a Piper on ClubHanger.

See who's looking

Andrew Z.
Seeking a partnership share
Piper — Super Cub
Hays, KS
Up to $49,000

Listing trust

2/4

Complete detailsYear, registration, make/model, and a full description.
Maintenance disclosedAirframe (TTAF) and engine (SMOH) times are listed.
Transparent priceA real asking price, not "contact for price".
Posted by a memberListed by a signed-up ClubHanger member, not a scraped aggregator.

What do these mean? →