Sample Cessna Appraisal

NATIONAL AIRCRAFT APPRAISERS ASSOCIATION

AIRCRAFT APPRAISAL REPORT

Worksheet # 20040815N8051Z

Name: Allan Robichaux Attention: N/A

Company: Alaska Aircraft Appraisals Phone: 907 232-1276

Address: P.O. Box 520270

Big Lake AK 99652

Aircraft Identification

Make: CESSNA AIRCRAFT COMPANY Model: U206A - Stationair

Serial No. U206-0451 Reg. No. N8051Z Yr. Mfg. 1965

Type of Aircraft: Single Engine Piston

Airframe Total Time: 10208 Hrs. No. Landings: N/A Cycles: N/A

Airframe Condition: Extra Fine

Log Books in Aircraft Appear: Original

Comments: New Log books were started on 12/16/1992. They are up to date and easy to read

Maintenance Status

Maintenance Annual Date: 5/25/2003 On Progressive Inspection: Yes

Comments: Aircraft was dismantled in 1985. It was completely restored over several years dating 1992 through 2003.

Time Life Limited Systems: No Cycle Life Limited Systems: No

Comments: N/L

Service Bulletin Status: Up to date

AD's Complied With: Yes Estimated Cost for AD's Compliance: N/A

Tires Condition: Good Type Brakes: Cleveland Anti-Skid: No

Exterior Paint Condition: Extra Fine

Repaint Date: 4/01/2002 Repainted By: Bogalusa Airport, Inc.

Comments: Aircraft was completely disassembled, old paint removed, acid etched, and Repainted with Emeron Epoxy. Interior of wings, control surfaces and fuselage was treated with Corrosion Inhibitor. Paint has good adhesion. No Corrosion was visible during inspection of interior and exterior of aircraft.

Interior Condition: Extra Fine Cabin Configuration: Passenger and Cargo

Cockpit Condition: Very Good Panel Layout: Good

Pressurized Cabin: No Window Condition: Good

Comments: Aircraft was completely rebuilt. New cabin interior, new instrument panel, new windows were installed 12/16/03

Airframe Modifications

Date of Modification: 12/16/02

Modification: Float Kit installed

Date of Modification: 12/16/02

Modification: Heavy duty front landing gear installed. Oversize tires installed

Date of Modification: 12/16/02

Modification: Anti collision strobe light installed on vertical stabilizer.

Date of Modification: 12/16/02

Modification: Long range fuel bladders installed in both wings

Date of Modification: 12/16/02

Modification: Instrument panel upgraded to newer layout design for easy instrument scans.

Date of Modification: 12/16/02

Modification: Instrument panel lights were replaced with newer style back lighted design with rheostat for easier night flying.

Date of Modification: 12/16/02

Modification: Windshield replaced with thicker heavy duty.

Damage History

Current Damage: None Listed

Historical Damage: None Listed

Engines & Props

Engine Manufacturer: Continental Model: IO-520-F

Engine Type: Piston

Engine Fire Detection: No Engine Fire Bottles: No

Prop Reversers: No

Prop Type: Constant Speed Propeller TBO: 1500

Engine #1 Serial No: 56087

Time Since Factory Remanufacture: 0 Hrs.

Engine Overhauled By: Okalahoma Aviation Engines, Inc. Recommended TBO: 1700

Comments: Engine looks like new. No oil leaks, hoses, and motor mounts are new.

Propeller Make: McCaulley Model: 1876 Number of Blades: 2

TSO/NEW: 0 Date O/H: 12/16/02 Serial Number: 333478

Engine Modifications

Engine Modification Date: 12/16/02

Modification: Heavy duty oil cooler installed

Known Maintenance Problems with Engine(s): All engine airworthiness directives (ADS) are up to date

Estimated Cost to Repair: $0

General Engine Comments: Engine has been upgraded to 520 F model. It has 300 continuous hp.

Instrumentation

Full Panel: Yes Dual Panel: No

Panel Configurations: Good Panel Condition: Good

IFR Equipped: Yes

Comments: Instrument panel has been upgraded to newer design. Allows for easier instrument scan for IFR flying. Also, instrument lighting was upgraded to back light design.

Avionics

Type of Avionic: ALTIMETERS, ENCODING

Mfg: KING Model: KE 127

Type of Avionic: AUDIO PANEL

Mfg: KING Model: 200 A

Type of Avionic: GS

Mfg: KING Model: G 247 A

Type of Avionic: LOC

Mfg: KING Model: AS 2015

Type of Avionic: NAV-COMM

Mfg: KING Model: KX 155A Channels: 720

Mfg: KING Model: KX 170 A

Type of Avionic: TRANSPONDERS

Mfg: KING Model: KT 75

The Avionics on This Aircraft Are Considered To Be: Average

Additional Equipment

Dual Controls: Yes Type: Wheel

Stall Warning System: Yes Stick Shaker: No

Rotating Beacon: No Strobe Light: Yes

Taxi Lights: Yes Navigation Lights: Yes

Long Range Fuel: Yes Aux Fuel Qty: 30

Single Point Refuel: No

Toilet: No Lavatory: No

Galley: No Cabinetry: No

Other Equipment: Strobe light installed on 12/16/02. Extra Landing and Taxi lights added in wing.

Comments: Instrument panel lights upgraded.

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: None

Jet Intake De-Ice: No Pitot Heat: Yes

Comments: Icing equipment is not usually installed on this model of aircraft

Aircraft Appraisers Comments

This aircraft has been completely restored. Numerous upgrades to airframe and engine have been made. There is no airframe corrosion visible. Aircraft is based at Big Lake, Alaska and is kept in a heated hangar. Price reflects $1200 for Alaska location.

This aircraft, N8051Z, was personally inspected on: 8/15/2004 by: Allan J. Robichaux, member of the National Aircraft Appraisers Association, at: Big Lake Airport, located at Big Lake, Alaska.

Appraisal Computation

Average Green Aircraft Value $49,600

Add for Airframe Condition $7,940

Add for Airframe Low Total Time $0

Add for Annual and Mandatory Inspection $0

Add for Exterior Paint Value $7,360

Add for Interior Value $7,600

Add for Airframe & Engine Modifications $14,230

Add for Engine(s) Residual Value $22,600

Add for Propeller(s) Residual Value $1,880

Add for Avionics Value $4,590

Add for De-Ice Systems Value $0

Add for Additional Equipment $1,200

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Total Additions $67,400

Deduct for Airframe Condition $0

Deduct for Airframe High Total Time -$500

Deduct for Damage History $0

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 $0

Deduct for Estimated Cost to Repair Avionics $0

============

Total Deductions -$500

Based on the above, the computed retail value of N8051Z is $116,500

NATIONAL AIRCRAFT APPRAISERS ASSOCIATION

The information herein has been prepared from many sources and believed to be correct. The National Aircraft Appraisers Association 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 log books 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. All aircraft records are presumed to be authentic, unaltered, and signatures and inspections therein performed by persons designated and appropriately licensed. AD compliance was attested to by referencing the date of last Annual Inspection or other appropriate inspections.

In the event of error or omission, the liability of the National Aircraft Appraisers Association or Association Members, if any, is limited and may not, in any event, exceed the amount paid for the appraisal. Further, the National Aircraft Appraisers Association accepts no responsibility for usage of this form unless signed by a current Member of the National Aircraft Appraisers Association.

Allan J. Robichaux

Certified Aircraft Appraiser

National Aircraft

Appraisers Association

Certificate of Appraisal

A visual inspection and log book analysis was performed 8/15/2004 on the aircraft N8051Z at: Bogalusa Airport, located at: Bogalusa, Louisiana. It is the opinion of this appraiser that the fair market value of the above aircraft is:

$116,500

This appraisal is valid when accompanied by appraisal work sheet number #20040815N8051Z and signed by an Aircraft Appraiser Certified by the National Aircraft Appraisers Association.

SIGNED _____________________________________

Allan J. Robichaux

CERTIFIED AIRCRAFT APPRAISER