irish26

Hey everyone I am looking to surprise my dad and buy the cozy Mark IV for him that he built in 1993. I’ve located the owner and wrote him a letter stating my intentions. Time will tell if the gentleman is interested in selling. My question here is the approximate value of this plane. I have struggled to find comps. I am not a pilot. it’s my understanding that my father built the very first Mark IV based on Nat’s design. I know the plane is currently airworthy and the pilot appears to fly it weekly based on tracking the tail number. I know this information is extremely limited and plane values can have a wide range based on a variety of factors. In my eyes this plane is priceless. It was built while I was born and helped my dad launch his company back in the early 90s. But even though this plane is priceless to my family, there are limits. Let’s assume this plane is in great condition with moderately updated engine, avionics, etc. Is $80,000 enough? Let me know what you think. Edit: the engine was an “0-360”. I’m not sure what that means but maybe that helps with the value.