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1968 PIPER CHEROKEE 235

Name: 1968 PIPER CHEROKEE 235
Brand: Piper
Price: 109900 USD
Availability: InStock

1968 Piper Cherokee

Venice, FL Listed 1 month ago

See all Piper Cherokee for sale

About this aircraft

$109,900 · PRICE REDUCED · Western hangared Piper Cherokee 235 currently based at KFLY in Colorado Springs, Colorado. Fresh annual inspection done May 2026 and is ready to go, with engine compressions in the upper 70's on all cylinders. Aircraft is equipped with a Garmin GNS 530 (non-WAAS) GPS and Nav/Com, King KX155 Nav/Com, Garmin GTX 327 Transponder, and the Garmin GMA 340 audio panel. Equipped with Knots 2U flap gap seals, upgraded shoulder harness, and more. AFTT: 5,500 - SMOH: 1550 (O-540-B4B5 w/ 235HP) - Hartzell two blade constant speed prop. · VISIT OUR WEBSITE

Specifications

Year: 1968
Total time (TTAF): 5,500 hrs
Engine time (SMOH): 1,550 hrs
Engine: O-540-B4B5
Annual due: May 2026

Avionics & panel

GPS navigator installed

GPS navigator listed. Verify WAAS capability and IFR certification with the owner.

GPS navigator

Garmin GNS 530
King KX155 Nav/Com
Garmin GTX 327 Transponder
Garmin GMA 340 audio panel

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

How this stacks up

2 to ask about

Priced high
$13,950 (15%) above the median of 14 similar-year, similar-hours Piper Cherokee listings
Listed 1 month ago
On the market about as long as the typical one of 60 comparable Piper Cherokee listings still for sale
Annual may be overdue
The listing states the annual was due May 2026 — confirm the aircraft has a current annual before you commit
Mid-time engine
450 hrs to TBO (23% remaining) — a healthy mid-life engine; factor the ~$1,300/yr overhaul reserve into your budget
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 1,550 hrs since overhaul (SMOH) and the published 2,000 hr TBO for the Lycoming O-540.

450 hrsto TBO

23% of TBO remaining

≈ 4.5 years to overhaul at its historical pace

450hrs left ÷ this aircraft's ~95 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 — 5,500 hrs total time across ~58 years. A rule of thumb, not a guarantee.

≈95 hrs/yrTypical

Typical utilization

This airframe has averaged about 95 hrs/year over ~58 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.

May 2026Verify

Annual inspection may be overdue

The listing states the annual was due May 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

$2,033/mo$24,399/yr

≈ $244 per flight hour at 100 hrs/yr — flying fewer hours raises this (fixed costs spread over fewer hours)

$109,900 to buy (the asking price)

At 100 hrs/yr, renting at $150/hr would be $9,399 cheaper annually — fly more to see ownership savings.

Ownership	Buy-in	Monthly	Annual
Full ownership (sole)	$109,900	$2,033/mo	$24,399/yr
1/2 share	$54,950	$1,517/mo	$18,200/yr
1/3 share	$36,633	$1,344/mo	$16,133/yr
1/4 share	$27,475	$1,258/mo	$15,100/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

$109,900

~26% above market · $87k median · 60 comps

ClubHanger Estimate

Above market

Asking $22,650 (26%) above the median Piper Cherokee listing.

60 other Piper Cherokee listings for sale now range $10,000–$305,000 (median $87,250) — this one is priced above 70% of them.

$10,000$305,000

this listingmedian

Deal check

Priced high

Asking $13,950 (15%) above the median of similar-year, similar-hours Piper Cherokee listings.

Compared with 14 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 $95,950).

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 1 month ago — on the market about as long as the typical Piper Cherokee listing

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.

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