The Aviation Resource
AIRCRAFT APPRAISAL REPORT
Client: John Smith Attention: John Smith
Company: Smith Leasing Company Phone: 352-555-1234
Address: 555 Airplane Way
Leesburg, FL 32774
This appraisal report is intended to be used by: John Smith
This appraisal report is to be held strictly confidential and should not be disseminated to anyone other than the intended users without the client’s permission.
It is intended that this appraisal report be used to estimate the Market Value of the subject aircraft in U.S. dollars for Aircraft Purchase purposes. For the purposes of this aircraft appraisal report the aircraft is considered to be free and clear of all liens and encumbrances, unless noted within the report.
This aircraft appraisal report is intended to be used by the client for the purpose(s) noted. It should not be used for any other purpose, nor should it be considered valid after the expiration date expressed in the report. The entire appraisal is based on this appraiser’s visual inspection of the aircraft and its records on the effective date of this report. This report is not intended to be an evaluation of the mechanical condition of the aircraft, nor is any of the data herein intended to be used for evaluating the mechanical condition of the aircraft.
Aircraft Identification
Make: BEECH AIRCRAFT COMPANY Model: A 36 - Bonanza
Serial No: E-265 Reg. No.: N1971T Yr. Mfg.: 1971
Type of Aircraft: Single-Engine Piston
Airframe Total Time: 7698 Hrs. No. Landings: N/A Cycles: N/A
Airframe Condition: High Average
Log Books in Aircraft : Original
Comments:
There are 5 Airframe logbooks, 2 Engine logbooks, and 1 prop log that is part of the operating manual for the propeller.
Airframe logbook #1 opens with the test flight and IFR Cert on 2/26/1971. On 9/9/1971, a Grimes Strobe Kit was installed on the aircraft. The log entries from then on showed only regular scheduled maintenance and Logbook #1 closes on 6/11/1976.
Logbook #2 opens on 8/2/1976 with a minor maintenance entry. The aircraft's tach and total time at this time is 1804.02 and the subsequent entries are general inspection and servicing entries. Log #2 closes on 10/23/1983 with the installation of door and storm window seals. Total airframe and tach times coincide at this time at 3879.99.
Logbook #3 opens on 12/16/1983 at airframe and tach times of 3907.54 with an annual inspection. The tach was replaced at 5000.0 hours on 7/12/1984. Total Airframe time is now 5000.0 hours and tach time is 0. On 7/29/1988, a Parker Hannifin air conditioner was installed. The 3 Blade McCauley propeller with s/n 881302 was installed on 9/13/1988. Logbook #3 closes with a 100 hour inspection.
Logbook #4 opens with a 100 hour inspection at tach time 803.0 and total aircraft time 5803.0. There are no entries for the gap between logbooks 3 and 4. On 5/11/1993 a D Shannon speed windshield is installed IAW STC SA997So and a Vortex Generator kit STC SA09074SC is installed on the aircraft on 5/14/1996. Corrosion X was applied upon the aircrafts arrival in Florida from California on 1/01/2001 and the last entry for logbook #4 was on 7/30/2004. Tach Time to date is 2237.3 and total airframe time is 7237.3.
The last and final logbook, #5 opens on 6/20/2005 with an annual inspection and EDM 700 installation. The AC Compressor was replaced on 9/16/2004 at tach 2606.8. On 3/09/2006 the overhauled engine is installed (Tach Time 2355.2). On 9/13/2007 at tach time 2308.2 the GNS430 with WAAS was installed. The IFR Cert was performed on 8/11/2008 and the last annual was completed on 11/14/2008 at airframe total time 7627 and tach time 2627. The left fuel bladder was replaced on 8/5/2009 and the battery was replaced on 8/29/2009 which was the last entry.
The current Airframe Total Time is 7697.6 and the Tach Time is 2697.6
The first engine log opens on 3/17/1992 with the engine rebuild making the engine 0 time. At tach time 622.4 on 3/19/2006 the engine was installed on the aircraft. This log ended on 3/19/2006 with a tach time of 2355.2 at a total engine time of 1732.8.
Engine log 2 opens with the overhaul and modification by Ultimate aircraft engines. Gami injectors were installed and the engine was mapped and dynamically balanced. The last entry was made for an oil change on 8/29/2009.
The prop log only has two entries. The first is on 6/26/1996 for the installation on the aircraft. The last entry was the annual inspection on 11/14/2008.
Maintenance Status
Maintenance Inspection Date: 11/14/2008 On Progressive Inspection: No
Comments: Reading through the logs, it appears that the aircraft has been well maintained throughout its life. There is one gap in the logs where 800 hours is unaccounted for. The aircraft was based in Fresno, California until 2001 when the airplane was moved to Florida. There are signs of a corrosion treatment, but the aircraft still has many small spots of corrosion. All preventative maintenance and general servicing have been completed and is well documented.
Time Life Limited Systems: No Cycle Life Limited Systems: No
Comments:
Service Bulletin Status: Some service bulletins have been complied with.
AD's Complied With: No Estimated Cost for AD's Compliance: $1000
Tires Condition: Good Type Brakes: Cleveland Anti-Skid: No
Exterior Paint Condition: Good
Repaint Date: N/A Repainted By: N/A
Comments:
The paint on this aircraft still has a shine and looks good from a short distance. Upon closer inspection, there are many small spots of corrosion and dings in the paint. On the leading edge of the vertical stabilizer you can see where there was either corrosion or paint erosion that was treated and then repainted. There are a few dings and dents on the airframe as well, but no evidence of any substantial damage. The wing root seals are old and worn with cracking and tears easily visible. The leading edge of the bottom right wing root seal is coming loose from the airframe. They will need replacement soon. The paint on the belly is worn and dirty. The paint is heavily eroded behind the exhaust pipes due to normal use. The step has spots where the non skid is missing and the wing walk nonskid is well worn. There is not a log entry for a repaint of the aircraft, assume that the aircraft has not been repainted.
Interior Condition: Good Cabin Configuration: Passenger
Cockpit Condition: Good Panel Layout: Average
Pressurized Cabin: No Window Condition: Average
Comments:
The interior is average for the age. Seats have been recovered and are in good condition, but there are no log entries or burn paperwork. Because the seat recovering has not been documented the IA that inspects the aircraft may require the seat's materials be burn tested, if they fail the test, the IA will declare the seat coverings as illegal and un-airworthy. This will requrire recovering will cost between 500 and 700 dollars per seat dependent upon the types of material used. The rest of the interior is worn in traffic areas and there are some minor damage spots to the armrests and sidewalls. The aft bulkhead also has black marks from where stuff has been put into the cargo area. The headliner is a little dingy with age but has no tears or fraying. The carpet has signs of wear in traffic areas but has no damage either.
Airframe Modifications
Date of Modification:
Modification: Installation of Knots to you Tail Strobe, STC SA00911CH
Date of Modification: 03/09/2006
Modification: Installed Gami Injectors.
Date of Modification: 5/11/1993
Modification: D Shannon windshield was installed.
Date of Modification: 3/22/2006
Modification: Installation of Lopresti Boom Beam landing light.
Date of Modification: 7/29/1988
Modification: Installation of Parker Hannifin Air-conditioning.
Date of Modification: 3/15/1996
Modification: Installation of Vortex Generators IAW STC SA09074SC.
Damage History
Current Damage: None
Historical Damage: The right hand outboard leading edge skin, both ribs, and piano hinge were replaced with new. This damage was minor and was not annotated in logs but a Form 337 for a major repair was submitted.
Engines & Props
Engine Manufacturer: Continental Model: IO-520-BA
Engine Type: Piston
Engine Fire Detection: No Engine Fire Bottles: No
Engine #1 Serial No.: 280763R Engine Total Time: 2075 Hrs.
Time since Major Overhaul: 342 Hrs. Engine Overhauled By: Ultimate Aircraft Engines9901 1H-10 Suite 800San Antonio, TX 78230
Recommended TBO: 1700 Hrs
Comments:
Propeller #1
Propeller Type: Constant Speed Serial No.: EE2340A
Make: Hartzell Model: PHC-C3YF-IRF/F8468A-6R No. Blades: 3
TSO/New: 1178 Date O/H: 6/26/1996
Comments:
Engine Modifications
None Known or Reported.
Known Maintenance Problems with Engine(s): No known engine discrepancies at this time
Estimated Cost to Repair: N/A
General Engine Comments: This engine was overhauled in 2006 by Ultimate Aircraft Engines, now located in San Antonio, Texas. While in overhaul, the engine was mapped and blueprinted, which was a Major Alteration which was documented by a Form 337 found in the POH. A GAMI injector kit was also installed at that time, which is also annotated on the Form 337.
Instrumentation
Full Panel: Yes Dual Panel: No
Panel Configuration: Average Panel Condition: Average
IFR Equipped: Yes
Comments: The instrument panel is in Average condition for the make, model, and age of this aircraft. The Airspeed Indicator and Manifold Pressure/Fuel Flow gauge glass is cloudy. The Airspeed, Altimeter, and Vertical Speed Indicator faces are yellowed with age. The panel is clean, and in good order. Half of the circuit breakers on the panel are faded and unreadable.
Avionics
Type of Avionic: ADF
Mfg: KING
Model: KR 87 Quantity: 1
Type of Avionic: ALTIMETERS, ENCODING
Mfg: AMERI-KING
Model: AK 350 Quantity: 1
Type of Avionic: COMPASS SYSTEMS/ HSI/RMI
Mfg: KING
Model: KCS 55 A Quantity: 1
Type of Avionic: ENGINE ANALYZERS
Mfg: JPI
Model: EDM 700 6 CYL Quantity: 1
Type of Avionic: FUEL FLOW COMPUTERS
Mfg: SHADIN
Model: ADC 200 Quantity: 1
Type of Avionic: GPS COMM
Mfg: GARMIN
Model: GNS 430 W Quantity: 1
Type of Avionic: INTEGRATED FLIGHT CONTROL SYSTEMS
Mfg: CENTURY FLIGHT
Model: CENTURY 2000 Quantity: 1
Type of Avionic: MARKER BEACON/AUDIO PANEL
Mfg: KING
Model: KMA 24 Quantity: 1
Type of Avionic: NAV-COMM
Mfg: KING
Model: KX 155A Quantity: 1
Type of Avionic: STORMSCOPE
Mfg: B.F. GOODRICH
Model: WX 8 Quantity: 1
Type of Avionic: TRANSPONDERS
Mfg: KING
Model: KT 76A Quantity: 1
Type of Avionic: VOR/LOC/GS
Mfg: KING
Model: KI 208 Quantity: 1
The Avionics on This Aircraft Are Considered To Be: Average
Additional Equipment
Dual Controls: No Type: Yoke
Stall Warning System: Yes Stick Shaker: No
Rotating Beacon: Yes Strobe Light: Yes
Taxi Lights: No Navigation Lights: Yes
Long Range Fuel: No Total Fuel Capacity: 50 Gallons
Single Point Refuel: No
Toilet: No Lavatory: No
Galley: No Cabinetry: No
Other Equipment:
Comments: N/L
De-Icing Systems
Known Ice System: No Ice Lights: No
Prop De-Ice: No De-Ice Type: None
Wing Tail Boots: No Boots Condition: N/A
Windshield De-Ice: No Windshield Wipers: No
Jet Intake De-Ice: No Piton Heat: Yes
Comments: There are currently no De-ice components on this aircraft.
Aircraft Appraiser’s Comments
The information contained in this report is private, confidential, and may be protected by attorney/client/work-product privilege. It is intended only for the use of the individual named above and the privileges are not waived by virtue of this having been sent by mail. If the person actually receiving this report or any other reader of the report is not the named recipient or the employee or agent responsible to deliver it to the named recipient, any use, dissemination, distribution, or copying of the communication is strictly prohibited. If you have received this communication in error, please immediately notify us by return e-mail and/or telephone and then destroy this original report.
This aircraft has been well maintained and has been operated in California and Florida. The aircraft appears to have been in some “for hire” capacity durring most of its operations in Fresno California until it was transitioned to Florida.
This aircraft, N1971T, was personally inspected on 09/14/2009 by Cliff Ryan, member of the National Aircraft Appraisers Association, at Sarasota-Bradenton Airport, located in Sarasota, Bradenton County, Florida.
Appraisal Computation
Average Green Aircraft Value $41,500
Additions
Add for Airframe Condition $2,075
Add for Airframe Low Total Time $0
Add for Annual and Mandatory Inspection $100
Add for Exterior Paint Value $7,800
Add for Interior Value $7,440
Add for Airframe & Engine Modifications $4,738
Add for Engine(s) Residual Value $19,332
Add for Propeller(s) Residual Value $0
Add for Time-Limited Components $0
Add for Avionics Value $29,339
Add for De-Ice Systems Value $0
Add for Additional Equipment $0
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Total Additions $70,823
Deductions
Deduct for Airframe Condition $0
Deduct for Airframe High Total Time $-2,075
Deduct for Damage History $-1,245
Deduct for Airframe/Engine Maintenance Items $0
Deduct for Exterior Paint Value $0
Deduct for Interior Value $0
Deduct for AD's Estimated Cost for AD Compliance $-1,480
Deduct for Estimated Cost to Repair Avionics $0
============
Total Deductions $-4,320
Based on the above, the Market Value of N1971T is: $107,523
The Aviation Resource
The information herein has been prepared from many sources and believed to be correct. The Aviation Resource does not warrant the accuracy of the source material.
An inspection and inventory was conducted by a physical examination of the external surfaces of the aircraft, cockpit and passenger cabin. It includes an inventory and assessment of condition of avionics, instrumentation and aircraft systems. No inspection plates were removed for internal inspection. Further, the logbooks and other aircraft records were carefully examined for compliance with FAA regulations relating to Airworthiness Directives, damage and maintenance history, along with other required inspections.
The appraiser hereby certifies that he has no personal interest in the aircraft identified in this appraisal or any bias toward any of the parties who may be involved in the resulting transaction coincident to this report. The appraiser's fee is not contingent upon a predetermined value being reported or a percentage of the value being reported.
All values expressed in this report are in U.S. Dollars unless otherwise stated.
The effective date of this report is 09/14/2009. The value expressed in this report is valid on the effective date of this report. The report was written on 09/15/2009.
This appraisal report may be used for the stated purpose exclusively and only in its entirety. Appraisal procedures, research methodology, market selection, and the resulting value conclusions can vary with the various purposes and functions of appraisal assignments. Therefore, this report, the markets selected, and the value conclusions are intended solely for the stated purpose and function. They are invalid for any other purpose or function.
In the event of error or omission, the liability of The Aviation Resource, if any, is limited and may not, in any event, exceed the amount paid for the appraisal. Further, The Aviation Resource accepts no responsibility for usage of this form unless signed by an officer of the company.
_____________________________
Cliff Ryan
Vice President of Operations
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