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1978 Cessna 152.

2400 SMOH, 5000 +/-TT Airframe and engine

Been sitting for 10 years outside.
Needs Wheels, brakes, radios...either bad or missing.

Exterior 2 out of 10.

Interior mostly rotten, some plastic salvageable.

Engine must be overhauled prior to running. And most likely will require a new crankshaft due to corrosion.

Good Prop, mags, starter, and alternator.

Wrinkles on exterior skin aft of the gear that are negligible per the shop manual, and a seat pan crack that has been repaired.

The windows are pretty milky, and would be changed during the project.

Any guessers? It is for sale. I'm looking for a starting point in the negotiations with the owner.

$8,000.00

Estimate the final selling price at project finish, subtract off the value of the parts required. That'll yield your labour for the project. If you can live with that dollar figure for your labour - it's a done deal.

That's a nice guess Avery. That's actually very close to the ballpark I'm thinking, but it's not like I need another project. But...if the plane could be had RIGHT, it could be a nice project plane.

Thank you for your guess!

I read your post and thought "About $8000"; then I saw Avery's guess. Great minds think alike.

Wayne Westerman always tells me what the true measure of genius is.

That is how well someone agrees with you. The more they agree, the more genius they are!

Gary, I agree with you more and more every post. hee hee hee

So...
The plane need a paint, an overhaul (and a crankshaft re-grind or replacement $$$), radio and a complete interior ?

Lets say... you get it for 8000$, add 13000$ for the overhaul and a new crank, 2000$ on a new interior and seat recovering, 1500$ on new radio, and 10000$ on a paint job...

Total cost (being very conservative): 34,5K$, wich is about it's value on the market. And I'm not counting everything else you might have to fix (windows, instrument, tires and brakes - wich you said need to be adressed).

Personnaly, I would pay no more than what it's worth if you decide to part it out after discovering some nasty problems.
Final decision is up to you.

If you shop around you can find paint shops that would charge a LOT less than 10 grand.

I doubt I'd bother with anything over about 5-6000$. Man that is going to be a LOT OF WORK!!!

I hear you Brian, but what I mean is you can do it right and make it a good airplane, or try to save here and there by buying a used engine, have it painted in a car garage, buy a 75$ old ARC radio on ebay, find used plastic interior panel from wenthworth aircraft, put used tire and fly it trough a crazed windshield seating on very tired upholstery...
It's all about the mission, and/or the intention...And Gary didn't mention wether he intend to keep it or try to make couple of $ trough this project.

Fred