BarnstormersA Price drop $8,000

1978 MOONEY M20J-201 - 28 SMOH

Name: 1978 MOONEY M20J-201 - 28 SMOH
Brand: Mooney
Price: 129500 USD
Availability: InStock

1978 Mooney M20

Elbert, CO Listed 3 months ago

See all Mooney M20 for sale

About this aircraft

$129,500 · FOR SALE · N201AW s/n 24-0420, 3090TT. 2026-9 Annual! Lycoming IO360-A1B6, s/n L20412-51A, ONLY 28 SMOH. Hartzell HC-C2YR-1BFP/F7497 prop, 18.6SNEW. GMA345 audio w/MB, 2 KX155's, 1 w/GS, KT76A Xpndr, GDL-82 ADS-B Out, WX-8 Stormscope, Garmin 496 GPS, KT64 DME, JPI 450 Fuel Flow, JPI EGT/CHT Scanner, Century I a/p, Davtron M800 chrono, vert card compass, copilot PTT. Electroair EIS-41000 electronic ignition, Power Flow Exhaust/GAMI injectors, Rosen visors, Whelen LED landing light, Brackett filter, E/I 8/9, 2018 interior w/leather seats. Useful load 1014. For logs/more info, click on DISPLAY SPECS PAGE.

Specifications

Year: 1978
Total time (TTAF): 3,090 hrs
Engine time (SMOH): 28 hrs
Engine: IO360-A1B6

Avionics & panel

IFR-equipped: GPS + autopilot

GPS navigator and autopilot; WAAS capability not specified — verify with owner for LPV approaches.

ADS-B OutAutopilotGPS navigator

GMA345 audio
KX155
KX155 with GS
KT76A Transponder
GDL-82 ADS-B Out
WX-8 Stormscope
Garmin 496 GPS
KT64 DME
JPI 450 Fuel Flow
JPI EGT/CHT Scanner
Century I Autopilot
Davtron M800
Electroair EIS-41000 electronic ignition

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

How this stacks up

3 in this listing's favor

Fair price
Near the going rate for similar-year, similar-hours Mooney M20 listings (16 comps)
Listed 3 months ago
Listed longer than ~80% of the 105 comparable Mooney M20 listings still for sale — a seller-flexibility signal
Price reduced $8,000
Down 6% from the original $137,500 — a seller motivation signal
Engine has life left
1,972 hrs to TBO (99% of the 2,000-hr Lycoming IO-360 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 28 hrs since overhaul (SMOH) and the published 2,000 hr TBO for the Lycoming IO-360.

1,972 hrsto TBO

99% of TBO remaining

≈ 31 years to overhaul at its historical pace

1,972hrs left ÷ this aircraft's ~64 hrs/yr average. A rough projection — your own flying rate will change the timeline.

Engine reserve budget~$1,300/yr · ~$13/hr

Estimated overhaul cost ($26,000) 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 — 3,090 hrs total time across ~48 years. A rule of thumb, not a guarantee.

≈64 hrs/yrTypical

Typical utilization

This airframe has averaged about 64 hrs/year over ~48 years — in the normal range for a personal aircraft: regularly exercised without being worked hard.

Price history

Price reduced· Sep 5, 2026$129,500−$8,000 (-6%)
Listed · Jun 18, 2026$137,500

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

$2,050/mo$24,595/yr

≈ $246 per flight hour at 100 hrs/yr — flying fewer hours raises this (fixed costs spread over fewer hours)

$129,500 to buy (the asking price)

At 100 hrs/yr, renting at $150/hr would be $9,595 cheaper annually — fly more to see ownership savings.

Ownership	Buy-in	Monthly	Annual
Full ownership (sole)	$129,500	$2,050/mo	$24,595/yr
1/2 share	$64,750	$1,525/mo	$18,298/yr
1/3 share	$43,167	$1,350/mo	$16,198/yr
1/4 share	$32,375	$1,262/mo	$15,149/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

$129,500

$137,500

~9% above market · $119k median · 105 comps

ClubHanger Estimate

Above market

Asking $10,500 (9%) above the median Mooney M20 listing.

105 other Mooney M20 listings for sale now range $2,500–$345,000 (median $119,000) — this one is priced above 61% of them.

$2,500$345,000

this listingmedian

Deal check

Fair price

Right around the going rate for similar-year, similar-hours Mooney M20 listings.

Compared with 16 Mooney M20 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 $127,250).

See all Mooney M20 for sale

Compares this asking price to all Mooney M20 listings — actual value also depends on year, hours, and avionics. An estimate, not an appraisal or an offer.

Listed 3 months ago — on the market longer than ~80% of the 105 similar Mooney M20 listings for sale now — seller may have flexibility

Co-ownership available

1 co-ownership share listed for Mooney aircraft on ClubHanger.

From $70,000 buy-in — split the fixed costs with a partner instead of owning outright.

Browse Mooney partnerships

GPS navigator
$70,000 buy-in
1999 Mooney Screaming Eagle
Palo Alto, CA

Pilots looking to co-own

2 pilots are looking to co-own a Mooney M20 on ClubHanger.

See who's looking

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.

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