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2002 ARROW III PA28R-201

Name: 2002 ARROW III PA28R-201
Brand: Piper
Price: 159000 USD
Availability: InStock

2002 Piper Arrow

Winter Park, FL Listed today

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About this aircraft

$159,000 · JUST REDUCED · N338PA 2002 Piper Arrow PA 28R-201 Lycoming IO360C1C6 Airframe Total Time: 3487 Engine SFRM: 1874 Prop SMOH: 655 ELT 11/2027 IFR Cert 4/2028 Factory Air Conditioning Hangared at KFMY & KORL Extensively maintained and upgraded over the last 3 years with over $60K invested!Excellent compression and engine oil analysis,no damage,no corrosion.Relocating west and upgrading to a turbo.Flown regularly throughout the southeast,no squawks.Recent annual completed (4/2026),Full digital logs available.Maintained with open checkbook by Bill Turley at Aircraft Engineering (KBOW)

Specifications

Year: 2002

How this stacks up

2 to ask about

Above market
$24,000 (18%) above the family-wide median of 38 Piper Arrow listings
Listed today
Listed more recently than ~100% of the 38 comparable Piper Arrow listings still for sale
1/5 key specs
Key information is missing — ask the seller about hours, engine time, and registration

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.

Cost to own

Rule-of-thumb estimates — insurance ≈ 1% of price, hangar $7,500/yr, annual inspection $2,500/yr, 100 hrs/yr fuel + oil. Your actual costs will vary.

As a sole owner

$1,966/mo$23,590/yr

≈ $236 per flight hour at 100 hrs/yr — flying fewer hours raises this (fixed costs spread over fewer hours)

$159,000 to buy (the asking price)

Ownership	Buy-in	Monthly	Annual
Full ownership (sole)	$159,000	$1,966/mo	$23,590/yr
1/2 share	$79,500	$1,483/mo	$17,795/yr
1/3 share	$53,000	$1,322/mo	$15,863/yr
1/4 share	$39,750	$1,242/mo	$14,898/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.

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Price

$159,000

~18% above market · $135k median · 38 comps

ClubHanger Estimate

Above market

Asking $24,000 (18%) above the median Piper Arrow listing.

38 other Piper Arrow listings for sale now range $79,000–$289,900 (median $135,000) — this one is priced above 79% of them.

$79,000$289,900

this listingmedian

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Compares this asking price to all Piper Arrow 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 38 similar Piper Arrow listings for sale now