1978 Piper Arrow
Single Engine Piston
Aircraft Details
Seller reportedAvionics & Equipment
IFRGarmin Upgrade: GMA 350 Audio Panel/Intercom GTN 650 GPS/Com/Nav GTR 205 #2 Com GTX Transponder Dual GI 275 ADI and HSI Indicators Auto Control IIIB
Description
Chicago area based aircraft. Same owner since 1992. Heated hangar the entire time. Extensive paint detail job on leading edges, forward cabin area, around windshield, cowling, spinner and nose gear. New wing and stabilator tips. Aileron, Flap and Stabilator gap seals. No known damage history. Updated Garmin panel. Extensive annual inspection.
Engine
Airflow Systems Intercooler Merlyn Products Upper Deck Pressure Controller Tanis Engine Heater
Interior
Appears to be original but in very good condition.
Exterior
Extensive paint detail job on leading edges, around windshield, cowling, spinner, nose landing gear, and wing walk way. Interior: Appears to be original but in very good condition.
Description and equipment details provided by the seller. AeroGurus does not verify seller-provided information.
Price Comparison 1 active offer
| Source | Price | Location | Listed | Days on Market | Status | Action |
|---|---|---|---|---|---|---|
|
Mike Luman
trade-a-plane.com
|
$169,500
|
Sugar Grove, IL | Mar 30, 2026 | — | Active |
Estimate Monthly Payment
Piper Arrow loan calculator
AeroGurus Data & Analysis
Independent data from FAA, NTSB, and market analysis
About This Piper Arrow
This 1978 Piper Arrow (N31994) is a 4-seat single engine piston with 3,629 hours on the airframe. There are currently 188 Arrow aircraft listed for sale with asking prices ranging from $44,950 to $429,460. This aircraft is priced above the market average at $169,500.
The Arrow cruises at 135 kts (250 km/h) with a range of 720 nm (1,333 km) — ideal for short hops and local flights. Service ceiling of 15,400 ft allows operation above most weather.
Operating costs: Fuel burn is 10.5 GPH (40 L/h), which at current Jet-A prices (~$5.50/gal) means approximately $58/hr in fuel alone. Total variable cost including maintenance reserves is approximately $145/hr. Annual fixed costs (hangar, insurance, crew, annual inspection) average $18,000. With 3,629 hours on the airframe, this aircraft has exceeded TBO (2,000 hrs) — verify engine status and overhaul reserve.
NTSB records show 0 incidents for this airframe — a clean safety record.
Pre-Purchase Checklist
Piper Arrow — Model Specs
Model specificationStandard specs for this model. Actual aircraft may differ.
Estimated Cost of Ownership
AeroGurus estimatePIPER Arrow
AeroGurus estimates based on industry averages for the PIPER Arrow. Actual costs vary by location, usage, maintenance history, and configuration. Not a financial quote.
Ownership & Registration
FAA registration data pending for N31994.
Location & Ownership
Title Status
No FAA title records
Available for US-registered aircraft only
Source: FAA Aircraft Registry, FAA Civil Aviation Registry (DocIndex). Title data may be delayed. Always verify with an aviation attorney before purchase.
Safety Record
NTSB safety data coming soon.
We'll check N31994 against the NTSB accident database.
AeroGurus Market Estimate AME
Similar Aircraft for Sale
