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PLANEFILE

PiperSingle-engine piston · Griffin, GA

1972 Piper Cherokee PA-28-180

Price
$25,000
Year
1972
Location
United States

Specifications

Description

Tail #
N1487T
Airframe
Piper Cherokee PA-28-180
New o/h engine
Lycoming O-360-A4M
Propeller
Sensenich M76E Series
Shared Ownership Cost
1. Buy at 25k. Get your licenses. Sell at 25k=$0. Recoups cost!
Math On CPL (I) Rent & (II) Own
(I) CPL RENT COST: $52,500
Aircraft
$134,534+/-
Bank Account
$8,000+/-
Liabilities
$0+/-
Maintenance/Insurance Debt
$0
Ffc net worth
$142,534+/- And per the FFC Operating Agreement, a 10.53% share is $15,009+/-
CPL saves $23,267/56%
Nearly recoups a $25k purchase price!
Symbol References
'$5.79 100LL fuel at Falcon Field

S/N

  • [hidden information]
  • L27023-36A O/H: 2476.1
  • 11282K

HRS

  • AFTT: 5,474.19
  • TACH: 2626.4 TSMOH: 150.3 O/H: 2476.1
  • PTT: 3789.6

Listing

Posted
July 4, 2026
Located
Griffin, GA

Description

  • 1972 Piper Cherokee PA-28-180 Shared Ownership For $25,000.
  • It's available until ad is removed.
  • So...do you love to fly, want to teach your son or daughter to fly, or just starting out & need an economical way to acquire hrs, licenses or a plane? Shared ownership, as opposed to renting, is an option with a savings of $23,267+/- while attaining a CPL that nearly covers this purchase price! If you're NOT already convinced of the savings of shared ownership skip to the (I) RENT VS (II) OWN section below.
  • Now let me tell you about this beauty...
  • 1. You can see, or I can text all original log books documenting lifelong detailed plane maintenance including:
  • 2. Safety is most important! Lane Mitchell, A&P., meticulously maintains all these tangible VREF Inputs:
  • 1972 Piper Cherokee PA-28-180, Speed Mod, 65 ADI, 65 HSI, GMA 345, GTX 327, GTN 650, Apollo G60, Altimeter, SI, ASI 12, Turn Coordinator, & G1-106B Nav Indicator, all valued at $134,534.
  • 3. Falcon Flying Club LLC., (FFC) operates out of KFFC which is called Atlanta Regional Airport or Falcon Field in Peachtree City, GA. FFC has created an environment where you glean support from seasoned club pilots which is an intangible that's simply Priceless!
  • 4. As a 10.53% FFC share owner, for the costs cited above, you have a unique opportunity to schedule flight time anywhere, at almost anytime, in a plane that's flown an average of 19hrs a month.
  • 5. You can see or I can text a copy of the FFC Operating Agreement that maintains club integrity. If unfamiliar w/FFC, ask around & see if this isn't an opportunity that doesn't come around often.
  • 2. *Rent vs Own (math below) PPL 40hrs=*$8,400/$4,745. CPL 250hrs=*$52,500/$29,233.
  • ^ATP 1500hrs=*$174,875/$316,000
  • (I) RENT VS (II) OWN CPL COST:
  • (I) CPL Rent Cost $52,500 minus
  • (II) CPL Own Cost $29,233 equals $23,267, that you will save! 👏
  • 250hrs at $210hr = $52,500
  • (II) CPL OWN COST: $29,233
  • (A) Tangible Value: $142,534+/-
  • (B) Intangible Value & Savings:
  • PPL saves $3,655/57% near half!
  • ^ATP saves $141,125/55%: Enough to fully own this plane!👏
  • __________________________
  • (A)Tangible+(B) Intangible Values
  • $15-20k+/- (A)Tangible Value +
  • $10-15k +/- (B)Intangible Value =
  • __________________________
  • $25-35k +/- Total Share Value
  • (I) Math For Renting Example:
  • CPL@250hrs x $210hr is $52,500
  • (II) Math For Owning Example:
  • CPL@250hrs is 3 months Dues"" for ($390)+250hrs x $50.37hr" Fuel' for ($12,593)+250hrs x $65 Fee"' for ($16,250) = ($29,233) or ($116.93hr) -($210hr rent) =[$93hr] savings difference!
  • If interested, want more pictures, or info, please message me.
  • "Burns 8.7+/-gals/hr@65% power
  • "'$65/hr Insurance/Maintain Fee
  • ""$130 FFC Per Month Dues
  • ^50 hrs multi engine not included
  • ^^Flying 20hr/wk average
  • [Rent cost: $210 per hr w/fuel]
  • [Own Cost Buy@ $25k & Sell@ $25k after getting licenses=$0+
  • $130 FFC Per Month Dues""+
  • $65/hr Insurance/Maintain Fee"'+
  • $50.37/hr $5.79'x8.7gal/hr" fuel]
  • Be blessed in your search for a whole lotta fun! 🛫

Aircraft record

N1487T

Registration

Registration
N1487T
Registered as
Piper PA-28-180
Year
1972
Serial number
28-7205307
Engine
Lycoming O&Vo-360 Ser · 180 hp
Certificate
Standard
Airworthiness date
1972-07-28
Registered since
2015-07-14
Registration valid to
2028-07-31
Status
Valid

Accidents and incidents

None on record

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