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Single-Engine Piston

1978 PIPER ARROW III

$169,900 fyiEstimate $157,000–$161,000 How this estimate is built

Starts from the median asking price of 12 comparable PIPER ARROW III listings ($183,950), then adjusts for:

  • Year -12 vs comparable listings -18.0%
  • Airframe time -339 hr vs comps +0.7%
  • Engine time +147 hr vs comps -0.4%
  • Autopilot (uncommon in comps) +2.0%
  • Market supply: 7 for sale of 369 FAA-registered +3.1%

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

1978
4,451 hrs
N3873M
28R-7803198
CONTINENTAL TSIO360FB1
1
HARTZELL HC-C3YR-1RF
HVC
📍 Nashville, Tennessee
Morris Air LLC
Per the FAA aircraft registry (public record)
📍 Hopkinsville, KY

Overview

Make / ModelPIPER ARROW III
TypeSingle-Engine Piston
Airframe time4,451 hrs
Engine time1,418 SOH
Avionics / TransponderGarmin GTX330
Avionics / OtherKing KX-155
Autopilot

Description

R3 Aviation Services proudly presents N3873M, a well-equipped 1978 Piper PA-28R-201T Turbo Arrow III with complete logbooks, no damage history, and a collection of upgrades throughout the aircraft. This Turbo Arrow III offers proven turbocharged Piper performance, a capable IFR platform, and the efficiency that has made the Arrow series a favorite among owner-pilots. The panel features dual Garmin G5s, Garmin GFC500 autopilot, GMA345 audio panel, GTX330ES transponder, Flight Stream 210, and JPI EDM930 engine monitor. With Whelen LED lighting, Knots2U wing root seals, good compressions, clean oil analysis, and complete logs, N3873M is a well-supported option ready for personal travel, IFR flying, and advanced training. 4K Video Available. Located: KHVC (Hopkinsville, KY) Available to show by appointment. Delivery + Buyer Resources Available. **All information provided is subject to buyer verification during pre-purchase. R3 Aviation Services makes no representations or warranties regarding accuracy. Hours will increase as aircraft is flown*

Avionics

Dual Garmin G5 | Garmin GFC500 Autopilot | Garmin GMA345 Audio Panel | Garmin GTX330ES Transponder | Garmin GDL 88 ADS-B Out | JPI EDM930 Engine Monitor | Flightstream 210 | Davtron Digital Clock | King KX155 Nav/Comm | ACK ELT | Whelen LED Lights | Knots2U Wing Root Seals

How this aircraft compares

Where this PIPER ARROW III lands versus other PIPER ARROW III listings on fyiAero.

Price

50th pct
$88k$297kThis aircraft · $170k

$170k · 50th percentile of 12 listings

Airframe time

38th pct
1,502308,379This aircraft · 4,451

4,451 hours total (TTAF) · 38th percentile of 16 listings

Engine time

67th pct
1131,995This aircraft · 1,418

1,418 hours since overhaul · 67th percentile of 15 listings

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

General

Year1978
ManufacturerPIPER
ModelARROW III
Serial Number28R-7803198
Registration #N3873M
ConditionUsed
Based atHVC

Airframe

Total Time4,451

Engine

Engine 1 Make/ModelCONTINENTAL TSIO360FB1
Engine 1 Time1,418 SOH
Engine TBO2200

Props

Prop ManufacturerHARTZELL
Prop ModelHC-C3YR-1RF
Prop Time1418 SOH

Avionics

Avionics/RadiosDual Garmin G5 | Garmin GFC500 Autopilot | Garmin GMA345 Audio Panel | Garmin GTX330ES Transponder | Garmin GDL 88 ADS-B Out | JPI EDM930 Engine Monitor | Flightstream 210 | Davtron Digital Clock | King KX155 Nav/Comm | ACK ELT | Whelen LED Lights | Knots2U Wing Root Seals