Help with Value

[dedrekon]

I have a '46 BC12 that has been converted to an F19 with the Continental 0-200. One wing was damaged in float landing several years ago. Since then it has been disassembled for rebuild, but I haven't had the time to work on it.

I've recently had some folks express interest in buying it, but I don't have clear idea of value. It would be a pretty complete project with a replacement for the damaged wing, and even an extra wing for parts. The engine would be included. I have the nose bowl, but not the engine cowling and the log books were stolen. I'm pretty sure everything else is there with several spare parts as well.

I know this group will have a good idea on the value of this project, any help would be greatly appreciated. Thanks in advance for your input!

Vincent
N46TC
N43457
N6509M
N142EJ

[astjp2]

Re: Help with Value

I would only be willing to pay around 8-10K at the most. Tim

[dedrekon]

Re: Help with Value

Thanks Tim, I appreciate the input.
Anybody else have a thought on value for me?

V

[T.Taylor]

Re: Help with Value

If i was on the West coast I'd have to go closer to 15-18K, mostly because of personal feeling, I helped Gene Parker with that airplane and the old time IA who signed it off, did a spar splice in the tcraft i now have, and i just took the old spars out, but will cut out that beautiful workmanship and keep it just as a momento of Francis McNeal's work, T.T.

[Ragwing nut]

Re: Help with Value

with or without the floats, what struts, and how old is the cover job?

[dedrekon]

Re: Help with Value

No floats....they're on a TCraft in Alaska now. It only flew about 50 hours on floats.
They are the old style struts......there are several to choose from.

It's a project. I stripped the fabric off the fuselage......it all needs to be recovered. Fabric was probably 30 years old.

I WISH I had the time to do it, I flew it when it belonged to my father and it was an amazing performer and very good looking.

Cheers,
V

[Jim Herpst]

Re: Help with Value

8k tops as damaged run out project . One will put 25 K in for a nice resto. Will one gets ones money back near term?? Usually not But one gets there own really nice t...f-19 which is a great plane.... just onesmans humble opinion

[dedrekon]

Re: Help with Value

I appreciate the opinion.....that seems low to me, damage was to one wing only and I have a very nice clean replacement wing for it, so it would be a straightforward restoration.

Also, I've sold a couple of TCraft projects for about that figure that were not F19 conversions and that didn't come with an engine (complete with accessories). I was thinking the value would be more in this case, but I could be wrong.

Again, thanks for the feedback.

V

[Ragwing nut]

Re: Help with Value

With no struts, no cover, no cowling, no log books, no floats, the value at most would be $6K. You may be sitting on it for awhile for more money. Good long cowl will be very hard to find, struts are $2K as we all know, and a cover job done professionally, $15K plus.

Now if it was sitting there assembled and only needed the one wing fixed and struts with good cover, probably $12K-$14K.

[dedrekon]

Re: Help with Value

Seriously? An F19 conversion needing a $2,000 repair is worth $12K-$14K? I'll take a dozen......where can I find them?

No offense, that just struck me as funny......thanks for all your help, this is a great group with a wide range of opinions. Everybody going to OSH, have fun.....wish I could be there this year!


V

[fearofpavement]

Re: Help with Value

There have been a number of posts in the past regarding projects and their values. As we all know it is worth what you can sell it for...

As I have stated in previous posts I think that it is much easier to place a value on a whole aircraft in need of restoration than a disassembled collection of parts (some of which may be missing but not apparently). I also think that you may not be "deducting" enough in your thinking for the logs being missing. This is a serious detriment to any aircraft. Especially if you have no records at all for either the airframe or engine (other than the FAA cd).

One thing that would be helpful would be to provide more information regarding the status of the aircraft. You mentioned the fabric was removed, does the fuselage need to be just recovered or does it need to be blasted and painted? Is the spare wing airworthy or does it need to be recovered too? Have the struts been inspected? (I assume not). Is there a prop with the project? metal or wood? was it damaged in the incident? Was the plane submerged completely or partially in the water when the wing got buggered? Has the engine been wet inside? Is there good landing gear included? Has the aircraft been stored in a dry environement since disassembly? Are the disassembled parts bagged and labeled or all together in boxes? etc.

I am not personally looking for another project but someone on this forum may be in the market for such an undertaking. You know that you will regret selling this if it has family history don't you?
Best wishes.

[Forrest Barber]

Re: Help with Value

Fair market value : "What a buyer is willing to pay and the seller willing to accept. "
This is not an F-19 ; it may be the "equivalent" to an F-19 . If someone changes the Data Plate to a TC# 1A9 from the TC# 696 there will be a problem on paperwork. Range of worth is $10,000 to $15,000. IMHO.

[Ragwing nut]

Re: Help with Value

Seriously? An F19 conversion needing a $2,000 repair is worth $12K-$14K? I'll take a dozen......where can I find them?

No offense, that just struck me as funny......thanks for all your help, this is a great group with a wide range of opinions. Everybody going to OSH, have fun.....wish I could be there this year!


V

A $2K repair to me and you would be $5K-$7K to someone who had to pay to have it done. That would make a $20K airplane with an older cover job. An it is not an F19, it is a BC12D with conversion. 2 different airplanes when it comes to value.

[Ragwing nut]

Re: Help with Value

Fair market value : "What a buyer is willing to pay and the seller willing to accept. "
This is not an F-19 ; it may be the "equivalent" to an F-19 . If someone changes the Data Plate to a TC# 1A9 from the TC# 696 there will be a problem on paperwork. Range of worth is $10,000 to $15,000. IMHO.

With no fabric? I would have never built an airplane if I could have got that kind of money out of any of our projects. Hell I can't get that out of an L-2 right now with new wings, all engine parts yellow tagged, and the last 2 I sold flying brought close to $40K.

[Pearson]

Re: Help with Value

Vincent,

I wasn't going to say anything about the value of your aircraft, but after seeing all the other posts I think I'll throw my two cents worth in here. I have been watching the market for a four seat aircraft for the last couple of years. I have seen a drastic drop within the last year in all small airplane asking prices. The economy is having it's effect.

I agree with the posting about the lack of logbooks having a strong impact on the price. The fact that the engine has sat for a few years, I think without running, doesn't help.

IMHO I think if you could get ten grand, you would be doing very good.

I also think that if you invested the time to repair the structure of the damaged wing and blasted and repainted the airframe, so that the entire project was ready for recover, you could get 14-15K.