‹ Back to results
Single-Engine Piston

1977 PIPER LANCE

Sturgis, MI · USA
$144,900 fyiEstimate $186,500–$191,500 How this estimate is built

Starts from the median asking price of 6 comparable PIPER LANCE listings ($179,950), then adjusts for:

  • Airframe time -160 hr vs comps +0.3%
  • Engine time -84 hr vs comps +0.3%
  • Market supply: 3 for sale of 511 FAA-registered +4.4%

Shown as a range. An estimate from asking-price comparables and FAA supply data — not an appraisal.

1977
4,540 hrs
N1040H
32R-7780124
1
King Jay M Co-owned
Per the FAA aircraft registry (public record)
📍 Kokomo, IN

Overview

Make / ModelPIPER LANCE
TypeSingle-Engine Piston
Airframe time4,540 hrs
Engine time950 SMOH
Avionics / OtherKing KX-155
ADS-BYes
InspectionAnnual
Autopilot ADS-B

Description

Detailed Description 1977 Piper "Straight Tail" Lance - 4540 Hours Total Time Since New, 950 Hours SMOH by Mattituck, 115 Hours Since a Hartzell 3-Blade Propeller Upgrade, Altimatic IIIC Autopilot Featuring Altitude Hold, Slaved HSI, Modern Avidyne Avionics Flight Deck Featuring, the IFD540 GPS Navigator, Audio Panel, and ADS-B Compliant Transponder, MLB100 ADS-B In Solution (Traffic & FIS-B Weather), Avidyne Blue Tooth Key Board, King KX-155 Nav / Com, WX1000 Stormscope, LoPresti HOWL Cowl, Loaded with LoPresti Speed Modifications, Rosen Sun Visors, and more. Value Priced at $159,000. ANNUAL DUE: October 1, 2026 BI-ANNUAL IFR CHECKS DUE: TBA USEFUL LOAD: 1389.56 Pounds ADDITIONAL INFORMATION / INCIDENT HISTORY This aircraft is extremely appealing due to the Avidyne Avionics Upgrade and LoPresti Modifications! The aircraft features the desirable LoPresti Howl Cowl, Wing Zip Tips Lighting System, Main Gear Spats, Flap Hinge Fairings, and Multiple Gaps Seals. The cost of installing the LoPresti Modifications most likely exceeded $50,000 back in the day. An additional investment of $38,000 in Avionics is another positive for this aircraft. The current owner upgraded the Flight Deck with the desirable Avidyne Platform Featuring a IFD540 GPS Navigator, Avidyne Audo Panel, Avidyne Transponder, and ADS-B "IN" and "OUT" Solutions. The Avidyne Flight Deck is complimented with an Altitude Autopilot and Slaved HSI System. The aircraft is VALUE PRICED due to inactivity and incident history. The aircraft was inactive most of the time between October 19, 2017, through September 3, 2025. The aircraft flew only 39.5 hours during this time period. Due to the age of the engine, IRAN history, and limited utilization, it is recommended that next owner of this aircraft coordinate a fresh engine overhaul immediately. Hail Damage History - The aircraft received hail damage in 2014. The affected Flight Controls were reskinned and painted in 2015. Some hail marks are still present on the main surfaces of the aircraft. Gear-Up Landing History - The aircraft had a gear up landing in July of 2007. The airframe repairs and engine tear down inspection were completed in January of 2008. The aircraft was repaired a second time along with a second IRAN in May 2008 what appears to be a second gear-up landing just 3.1 hours later. A New 3-Blade Propeller was also installed. Nose Gear Collapse History - 1980 and 1991. See airframe logs for details. Propeller History - A new Propeller was installed in 2008 with no record of any subsequent overhaul / repairs being performed. Hartzell recommends that propellers be overhauled every 6-Years. The next owner should have the propeller overhauled since the propeller has been in service for 18 years. Specifications are subject to verification by the Purchaser. We accept trades and offer finance solutions Featuring 20-Year attractive Fixed Rates. AIRFRAME 4540 Hours Total Time since New

Modifications

ENGINE 950 Hours Since Mattituck Engine Major Overhaul - (Installed December 12, 1989) PROP 115 Hours Since New Propeller Hartzell (3) Blade - (Installed May 28, 2008)

Avionics

AVIONICS Altimatic IIIC Autopilot featuring Altitude Hold and Glideslope Coupler Century NSD-360A Slaved HSI Avidyne AMX240 Audio Panel / 3 LMB / (6)-Place Intercom Avidyne IFD540 GPS Navigator / COM – (WAAS Approved) Avidyne AXP340 Transponder Featuring ADS-B Out Avidyne MLB100 ADS-B “IN” Solution - (Traffic and FIS-B Weather Information) Avidyne Bluetooth Key Board King KX-155 NAV / COM – (#2) King KI-208 VOR Indicator – (#2) WX-1000 Stormscope Yoke Mounted Push to Talk Switch – (Pilot & Co-Pilot) Guardian Avionics Dual USB Power Source – (Panel Mounted) Music Input – (Panel Mounted) Auto-Pilot Disconnect Switch – (Yoke Mounted) Avionics Master Switch – (Primary) Avionics Master Switch – (Aux) ADDITIONAL OUTSTANDING FEATURES / UPGRADES / SPEED MODIFICAITONS LoPresti Howl Cowl Speed Enhancement LoPresti Wing “Zip” Tip with Landing Lights LoPresti Main Gear Fairings Speed Enhancement LoPresti Flap Hinge Fairings Speed Enhancement LoPresti Flap Gap Seals Speed Enhancement LoPresti Aileron Gap Seals Speed Enhancement LoPresti Hubba Caps Speed Enhancement Rosen Sun Visors Reiff Engine Pre-Heat System (3) Blade Hartzell Propeller Featuring a Polished Spinner Hartzell Technologies Light Weight ERZ-8011 Series Starter Vertical Card Compass ACK Technologies ELT Ventilation Fan System – (2-Speed) Vert Fin Rotating Beacon Wing Tip Strobes Fire Extinguisher External Power Plug Hobbs Meter Heated Pitot System Static Wicks Outside Air Temperature Gauge Clock – (Panel Mounted) EGT

How this aircraft compares

Where this PIPER LANCE lands versus other PIPER LANCE listings on fyiAero.

Price

33rd pct
$145k$270kThis aircraft · $145k

$145k · 33rd percentile of 6 listings

Airframe time

50th pct
1,1197,815This aircraft · 4,540

4,540 hours total (TTAF) · 50th percentile of 6 listings

Engine time

50th pct
321,776This aircraft · 950

950 hours since major overhaul · 50th percentile of 6 listings

Percentile = share of comparable listings at or below this value. Lower airframe/engine hours are generally fresher; price reflects the asking price only.