BarnstormersB Price drop $20,000

STANDARD CATEGORY 450 STEARMAN

Name: STANDARD CATEGORY 450 STEARMAN
Brand: Biplane
Price: 140000 USD
Availability: InStock

2026 Biplane

Iowa City, IA Listed 1 month ago

About this aircraft

$140,000 · ACCEPTING OFFERS · Custom standard category 450 Stearman. <50hr on R-985 (Tulsa), Serv Aero mount, Hamilton Standard 2D30 prop, Red Line brakes, BT13 wheels, fiberglass wheel farings, turtle deck, control-lock, banner tow. E-80 starter, 24V system, Jasco alternator, RG 24-11M battery and VDC battery minder. Westberg EGT/CHT, King KY 196 Com, KT76 transponder, Whelen strobes. Extensive 2026 annual included prop overhaul, new oil lines, brake parts, tailwheel, ELT and toggle mag switches. History to 1945,restoration pictorial and annual sign-off available on request. 319-330-9124. $140,000 or best offer.

Specifications

Year: 2026
Engine time (SMOH): 100 hrs
Engine: R-985

Avionics & panel

King KY 196 Com
KT76 transponder
Whelen strobes
Westberg EGT/CHT

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

How this stacks up

1 in this listing's favor

Listed 1 month ago
On the market for a month or more — worth asking about negotiating room
Price reduced $20,000
Down 12% from the original $160,000 — a seller motivation signal
3/5 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.

Price history

Price reduced· Sep 22, 2026$140,000−$20,000 (-12%)
Listed · Jul 27, 2026$160,000

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. Your actual costs will vary.

As a sole owner

$1,950/mo$23,400/yr

≈ $234 per flight hour at 100 hrs/yr — flying fewer hours raises this (fixed costs spread over fewer hours)

$140,000 to buy (the asking price)

At 100 hrs/yr, renting at $150/hr would be $8,400 cheaper annually — fly more to see ownership savings.

Ownership	Buy-in	Monthly	Annual
Full ownership (sole)	$140,000	$1,950/mo	$23,400/yr
1/2 share	$70,000	$1,475/mo	$17,700/yr
1/3 share	$46,667	$1,317/mo	$15,800/yr
1/4 share	$35,000	$1,238/mo	$14,850/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) 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

$140,000

$160,000

Listing trust

1/4

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? →