Thanks everyone for all of the feedback.
What is a fair price for this plane?
Without actually looking at this particular airplane, I believe it would not be fair to access a value to it sight unseen. My personal thoughts on a basic, clean 150 with a mid timed engine if I were looking for one myself? Under $20,000.
[quote]Given that the members of my flying club will probably put between 200 and 300 hours on the plane each year, should we be looking for a plane with less time on the airframe?