1982 35' Mooney Departure
A. Maintenance history
was not available at time of survey
B. Provide soft wooden taper plugs next to each underwater thru-hull or seacock for quick response if necessary.
C. Valuation Method: Prices are US dollars.
1. Business Method can be considered. Private pleasure use reported.
2. Cost to Construct Method can be considered. Most of today’s vessels are mass produced of fiberglass
construction is expected to be 10% more than fiberglass
. The cost of replacement is estimated at $230,000. Using straight line depreciation, $100,000 original cost to construct and a 50 year life the value of the vessel is calculated to be $34,000.
3. Market Method: There were four similar kind and utility vessels listed on Soldboats as sold
between 2011 and 2015 in the USA, including the subject vessel which was sold
in 2011. The average selling price
is $26,401. An internet
search yielded three similar kind and utility vessels on the market in the USA. The average asking price
is $53,014. The asking price is adjusted down by 19% which is the calculated reduction for asking price to selling price on Soldboats yielding an average adjusted price of $40,352.
4. Using the Cost Method of Appraisal for the hull
and machinery, and what the client is willing to pay knowing the vessel’s condition, selling price of the subject vessel in 2011 were all taken into account when determining the Current
Fair Market Value.
5. The current
market value of this vessel is calculated at $19,0000.
RECOMMENDATIONS AND APPRAISAL FINDINGS
1. Scattered rust noted along port and starboard deck
around welded life line bases, on deck
house to deck welded joint, along deck house brow, inside hatch
slides. Clean, inspect, repair if necessary. Properly prepare surface for selected paint
2. Remove bolted deck fittings such as pulpits, hand rails and dorades. Clean, inspect and repair if necessary. Properly prepare surface, recoat and properly bed
fixtures upon installation
3. Exterior wood
4. Sliding hatch
is rotting and delaminated. Repair.
sole grating is broken. Repair.
6. Anti-fouling paint
is in poor condition. Renew.
7. Hull paint
contains scattered Ĺ” or less blisters
down to the metal. Remove and renew.
8. Vessel is 33 years old. Perform audio gauging/ultrasonic thickness measurements.
9. Opening port gaskets are hard. Renew gaskets.
10. Age of rigging
unknown. Candy cane stripes noted. Have a qualified rigger inspect.
11. Turnbuckles are missing cotter pins. Install cotter pins, properly spread.
12. Running backstays
are plastic coated wire. The plastic is staining. Renew backstays
with non-coated wire or synthetic line.
13. Sun protective covering on head
sail is torn. Repair or renew.
needs tuning. Have a qualified rigger tune.
boot is worn. Renew.
16. Plastic Dutchman patches in main sail are loose. Repair or renew.
17. Heat exchanger
cap has been replaced with a plate. Remove plate to check coolant
18. Engine water
inlet seacock body bolts are wasting. Clean, service
and renew bolts, renew seacock if necessary. Seacock is welded to the hull
19. Plastic muffler
sighted. Renew with one that meets UL-94. Fiberglass is acceptable.
20. Vibrations noted. Possibly due to misalign and or loose engine
mount. Investigate and repair as necessary.
21. Rust noted on propeller
shaft. Remove, clean and inspect. Renew if necessary. 22. Forward port engine mount is loose at engine. Check engine alignment, correct if necessary. Tighten engine mount to manufacturer's specifications.
23. Engine temperature gauge is not functioning. Repair.
24. Throttle stopped functioning as the vessel returned to slip. Repair.
25. Pull propeller
shaft. Clean and inspect, especially in the packing gland
area. Renew if necessary.
26. Change all engine filters and fluids.
27. Repack propeller packing gland
. Properly adjust after installation
28. Bottom pintle and gudgeon has slightly more play than the upper two. Monitor
. 29. 120VAC outlet in galley
not GFCI protected. Install GFCI protection for all 120VAC outlets to meet current ABYC Standard E-126.96.36.199 and prevent electric
30. Install Equipment
Leakage Circuit Interrupter (ELCI) to meet current ABYC standards.
31. Install AC voltage meter.
32. Install DC voltage meter.
33. Aft battery
: a. Cover to insulated positive post. b. More than four conductors on terminal. Remove conductors and terminate four or less on battery
post. Installation of terminal strip may be necessary. c. Terminated in incorrect order. Land largest conductor first followed by next smaller.
34. Switch in head
not labeled for function. Determine function and label.
35. Two switches in galley
not labeled for function. Determine function and label. 36. Renew anodes.
37. Formica is lifted from cabinet in galley. Repair as necessary.
38. Strong sewage odor
. Investigate and repair.
39. Toilet water
inlet seacock did not operate. Bolts are rusting. Clean, service
and renew bolts, renew seacock if necessary. Seacock is welded to the hull.
40. LPG system:
a. Locker requires a rubber gasket
b. No other items are to be stowed in the locker.
c. Bottle requires securing.
d. Did not pass leak test. Investigate and repair leak.
e. Do not use liquids containing ammonium to check for leaks
. f. Install proper warning label next to locker. See attached example.
g. Provide LPG detector.
h. Bottom of locker is rusty. Clean and re-coat.
41. Secure refrigerator
42. Provide a manually operated bilge pump
should be operable from the helm
43. Provide high bilge
is stiff to operate. Service windlass
45. Anchor rode
is worn and parted. Renew.
46. Provide a means of re-boarding vessel from the water with the bottom rung/step at least 24” below the water line.
47. Mount compass
and check deviation. Provide a deviation card. Be aware that moving the mounting location, due to steel hull
construction, will change deviation. Prove light operation.
48. Provide additional means of dewatering vessel.
49. Provide updated navigational charts
for areas of operation.
50. Provide Garbage Placard.
51. Provide Texas
Clean Water decal.
52. Provide on board a copy of the Inland Navigation
53. Forward navigation
has wire nuts. Remove wire nuts and properly splice wiring
54. Provide distress
55. Provide proper type, size and quantity of personal floatation devices for conditions and number of crew/guests.
56. Provide Type IV (throw type) device.
57. White stern light is not functioning. Repair.
58. Prove anchor
light and steaming light before operating vessel after sunset.
59. Non-serviceable fire extinguishers should be renewed every six years. Renew both extinguishers. Inspect and note gauge position annually.
60. Install marine
carbon monoxide monitor/alarms (ABYC Std. A-24) and smoke detector/fire alarms (NFPA 302) to protect all enclosed accommodations.
61. Install a fixed automatic "clean agent" (i.e. CO2, Halotron™, FM-200, FE-241) fire extinguisher for the engine compartment or provide a portable clean agent extinguisher and a fire port for discharge into the engine compartment.
Estimated New Replacement Cost $230,000.00
Estimated Current Market Value $19,000.00
This vessel, as described herein, and subject to compliance with the foregoing recommendations, was found to be in satisfactory condition for its intended service of near shore cruising in the Gulf of Mexico
. This survey
is made without prejudice to the rights and/or interest of whom it may concern.