Used Rare LT1 car showing only 28, 622 miles for sale in Angola, IN

Current Hagerty Value Guide 2021
1972 Chevrolet Corvette
2dr Coupe 8-cyl. 350cid 4bbl LT1
#1 Concours $67,700
#2 Excellent $53,200
#3 Good $35,500
Value Adjustments

+$1,000 for close ratio 4-spd. -8% for auto trans. +$2,500 for pwr strg. +$1,500 for tilt/tele steering wheel.

TOTAL POTENTIAL VALUE IF IMPROVED TO CONCOURS LEVEL = $72,700!
ABOUT THE CAR FOR SALE:

VIN DECODE:
1 FOR CHEVROLET
Z FOR CORVETTE
37 FOR COUPE
L FOR 350 LT1 SOLID LIFTER ENGINE W/ HOLLEY 780CFM DUAL FEED CARBURETOR
2 FOR 1972
S FOR SAINT LOUIS ASSEMBLY PLANT
500783 FOR LAST SIX OR SERIAL NUMBER OF THIS CAR

This car according to the build sheet and tank sticker I was given show it was equipped originally with power brakes, push button AM/FM radio, Tilt -telescopic steering wheel, power steering, black interior and Classic White exterior paint. In addition to the LT1 engine, M21 close ratio Muncie transmission. This paperwork also shows 3.70 ratio rear axle the last three of the VIN are shown on both the tank sticker and the build sheet "783" circled as was done by GM on Corvettes when they were assembled. The transmission has the GM #3899621 bellhousing. It appears the car has its original Harrison big 4 row brass and copper radiator still in it, another item pointing to low mileage car. Also, the condition of the interior and dash and the car still retaining what appears to be its factory door inspection sticker with VIN are other cues to this was a low use put away special car. Its likely the paint in the door dams and possibly most of the white on the car is still the original paint. The 1988 Valvoline oil change sticker in the door shows this car was likely put up and stored indoors for more than 30 years. Oil was changed 5/11/2020 with Lucas zinc additive added to the oil and at least once before that at the very end of 2020 when service work was done to brakes, power steering, engine, and fuel system to put it back on the road. Appears the AM/FM radio is the original radio installed by GM when the car was built and has the wood grain knobs in excellent condition matching the wood grain in the door panels. Interior is in very good condition for the age and jives with the current odometer reading of 28,622. It appears this was a show car or magazine car for the 1970's and or 1980's and then was put up for over 30 years in climate controlled storage and always cared for.

WHY IS THE LT1 ENGINE SPECIAL:
The LT-1 is a Chevrolet small-block engine produced by the Chevrolet Division of General Motors between 1970 and 1972. It was available exclusively in the Corvette and Camaro and was produced in relatively small quantities. It is regarded today as one of the greatest of the Chevy small-blocks.

History

Chevrolet introduced the 350 cu in (5.7 L) LT-1 in 1970, making it available in both the Corvette and Camaro. It was an optional engine in the Corvette, and available and as part of the high-performance ZR-1 option. Between 1970 and 1972 only 53 ZRs were produced, making it one of the rarest Corvettes. In the Camaro, the engine was available only through the high performance Z/28 option, replacing the 302 cu in (4.9 L) engine designed to compete in Trans Am racing's 305 cu in (5.0 L) class installed in 1967-1969 cars.

The LT-1 had an 11.0:1 compression ratio, Holley 780cfm 4-barrel carburetor, high flow large valve 2.02/1.6 valve heads w/ spin in studs / guide plates, and solid lifters. For the first year the LT-1 was rated at 370 hp (276 kW) in the Corvette and 360 hp (268 kW) in the Camaro - both of these being brake horsepower (bhp) gross hp ratings. Despite the disparity between the two cars' listed hp there was no difference between the engines.

In 1971 the compression ratio was decreased to 9.0:1 and horsepower decreased to 330 hp (246 kW), then the same in Corvette and Camaro. 1972 was the last year for the legendary LT1 engine.

In 1970 a Nova could also be ordered with an LT-1 via a Central Office Production Order (COPO). Fifty of these were ordered by Don Yenko at Yenko Chevrolet and were converted into Yenko Deuces. Yenko also converted another 125 L65 Novas into LT-1 Deuces.
Production numbers

Camaro Corvette Nova (COPO)
1970 8,733 1,287* 52*
1971 4,862 1,949*
1972 2,575 1,741*

* 25 of these were ordered with RPO ZR1.
* 8 of these were ordered with RPO ZR1.
* 20 of these were ordered with RPO ZR1.
* 50 of these were converted into Yenko Deuces.
TERMS AND CONDITIONS/DISCLOSURE STATEMENTS: THIS CAR IS AVAILABLE FOR INSPECTION IN PERSON AT ANGOLA INDIANA ZIP CODE 46703 BY APPOINTMENT. $2000 NONREFUNDABLE DEPOSIT DUE WITHIN 24 HOURS OF PURCHASE WHETHER BY BEST OFFER OR THE BUY IT NOW TO BE PAID THROUGH PAY PAL. ALL SALES ARE FINAL.DO NOT MAKE OFFERS THAT YOU ARE NOT WILLING OR ABLE TO COVER. REMAINING PAYMENT AFTER DEPOSIT DUE WITHIN 3 BUSINESS DAYS. NO WARRANTY EXPRESSED OR IMPLIED. I MUST ARRANGE THE SHIPPING OF THE CAR TO YOU IF YOU DO NOT WANT TO PAY MY STATE SALES TAX. I AM A DEALER AND WILL NOT FALSIFY SALES PRICE ON THE PAPERWORK AND/OR TITLE. INDIANA RESIDENTS ARE REQUIRED TO PAY 7% SALES TAX UNLESS YOU ARE A DEALER. I DO NOT MAKE ANY GUARANTEES PERTAINING TO THIS CAR. I DO NOT GUARANTEE ANY PARTS, OPTIONS, OR FEATURES AS "BORN" OR "ORIGINAL" TO THE CAR-ONLY HOW IT IS SEEN HERE AND NOW IN 2021. IT IS MORE THAN 50 YEARS OLD AND I AM NOT THE ORIGINAL OWNER. OVER THE DECADES MANY PARTS OR FEATURES ON THESE OLD CARS WERE CHANGED DUE TO WEAR AND TEAR, AGE, OR FOR VARIOUS OTHER REASONS. THE FUNCTIONAL ODOMETER READS ONLY 28.622 MILES, THE TITLE SHOWS MILEAGE AS EXEMPT DUE TO THE AGE OF THE CAR. THE CAR WHEN I BOUGHT IT WAS REPRESENTED AND ADVERTISED TO ME AS NUMBER'S MATCHING AND IT HAD THE SAME BLOCK STAMPING IN BOTH ENGINE AND TRANS AS IT DOES NOW PRESENTLY, ALONG WITH SAME ENGINE AND MUNCIE TRANSMISSION. EVEN SO, I DO NOT I DO NOT GUARANTEE ANY PARTS, OPTIONS, OR FEATURES AS "BORN" OR "ORIGINAL" TO THE CAR. THE CAR WILL BE 50 YEARS OLD IN A FEW MONTHS AND I DO NOT KNOW ALL OF ITS HISTORY SO I MAKE NO GUARANTEES, SAME AS ALL OLDER CARS I SELL. ANY POTENTIAL PURCHASER IS ENCOURAGED TO INSPECT THE CAR AND MAKE HIS/OR HERE OWN ASSUMPTIONS. WHILE IT APPEARS A LOT OF THE PAINT EXCLUDING HOOD AND BLUE STRIPING MAY BE ORIGINAL, I HAVE NOT WAY TO PROVE THIS AND IS ONLY AN ASSUMPTION BASED ON INSPECTION.