Club Homepage Forums Classified Ads Buy & Sell - Everything But Airplanes Feedback on a 150M Listing

Would like thoughts on the following N63462 150M for sale in Waco, TX on Barnstormers:

http://www.barnstormers.com/classified_621462_1976M+150+cessna.html

Owner provided the following info: compression 1-72/80 2-39/80 3=73/80 4=73/80 TT 2382 SMOH 516 Has a panel mt GPS Skyforce 111 radio bendix KY97A
The plane is in good shape flys great burns abt 6 gal pr hr.

Wow, number two is incredibly low. Any chance you can get a hold of the A&P and ask why?

I'll take the first wild guess and say burnt valve.

Pictures?
Although the GA market is depressed now, $15K for a low time later model 150 is a bit lower that what I've seen them sell for...usually a clean 150 with good times on it "usually" starts at $18K and up, depending on nice shiny paint, clean interior and good avionics.
Why a dead cyl after only 516 since major? May indicate a poor "shadetree" overhaul.
If paint and interior are shot, you have to factor that in eventually....

He made a mistake...#2 is actually 69/80. If you type in the N number N63462 in Google, you can see an exterior.

He also mentioned that there was damage to the left outer edge of wing on leading edge, but was repaired.

Anyone know of someone that lives near Waco, TX that could take a look for me?

Any impressions on the radios or GPS Skyforce 111? Thanks!

Gary Shreve, who is an A&P/IA, lives in Arlington, TX. Not far from Waco. You'll probably see a post from him later.

Excellent! Thanks for the assistance!

Brian,

I found a similar deal near me on Craigslist, and was a bit apprehensive on the low price that was listed. I had a couple A&P buddies look at it, and we couldn't see any reason not to go ahead with a full prebuy. That checked out, and I become the proud owner of a 150L for $13,000.

It has ~4400 hrs, 800SMOH, fairly faded paint, and bad interior. However, it also has dual digital flip flop radios with glideslope, DME, Tanis heater, Skytech starter, spin-on oil filter, etc, and had been very well maintained. I took some risk as it was out of annual and hadn't flown in years, and was definitely being offered "as is-where is", but I am very happy with the purchase. Originally was looking for a Luscombe, but picked this up and joined this great club and have had a blast with it (7 hours this weekend!).

Turns out the seller had owned if to 10 years and was just sick of paying hangar rent, insurance, and annuals for a plane he never used. He added it all up to about $30k he had spent for the 30 or so hours he had flown it! Those were some expensive hours... and he was just looking to get rid of it and not deal with hagglers, etc.

Good luck, let us know how it works out!

Here are some additional pics of the exterior and interior. Any thoughts on the panel and lack thereof intruments (i.e. VOR)?