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Old 01-03-2016, 01:19 PM   #1
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Marine trader 34

I've been looking at a 1975 MT 34 which needs loads of work. My fear is it might exceed its value in repairs but the owner is open to offers.... So what would one be worth in salvage condition. My theory is to purchase it with the option of parting it out if needed.

It has been in dry dock since 2010 and looks like the decks are in rough condition. The interior is tired but complete and with a refinish I think it will come back to life.
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Old 01-03-2016, 02:15 PM   #2
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No more than $20,000 I'd say. And depending on what if any work you can do yourself I'd be prepared to put at least $20,000 into it.
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Old 01-03-2016, 02:41 PM   #3
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I saw one for sale a couple of weeks ago in Sarnia, asking $10k Canadian. Is that the boat you're looking at?
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Old 01-03-2016, 03:13 PM   #4
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Mt 34

My friend has one in Oriental. Decent drive train. Hull good. Flybridge terrible. Deck over rear cabin not good. A fixer upper but it could be had inexpensive. Used to be a nice boat but he got old and has just ignored it.
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Old 01-03-2016, 04:09 PM   #5
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I saw one for sale a couple of weeks ago in Sarnia, asking $10k Canadian. Is that the boat you're looking at?
Yes, same boat. With your knowledge of the Canadian market do you think this one is worth a look. I think this one needs lots but it did have a decent survey back in 2010...

I've got my eye on two actually. The other boat is a 3270 Bayliner which needs much less but it has been sitting too a long time. I'm in no hurry but will strike on the right vessel before spring.
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Old 01-03-2016, 04:19 PM   #6
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Name of the boat is Hawkeye.... Perhaps someone has a connection to her from the past...
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Old 01-03-2016, 04:52 PM   #7
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For comparison, I got my MT 34 for $25k a month ago. Had external railing damage due to its covered slip collapsing during a storm.

Link to blog and current/past pics. https://libertytrawler.wordpress.com/

Here is a summary of upgrades, etc that had been done.

Ford Lehman 120HP Diesel Inboard
Direct Drive Engine (6,025 Hrs),
(2.5 to 3 gallons/hour Fuel Efficiency!)
7.5 Kw Onan Diesel Generator (778 Hrs),
2 Staterooms w/Ensuite Heads,
plus convertible Dinette (sleeps 6),
Dual Helm, Flybridge Canvas Enclosure,
Vetus Bow Thruster, 2500Watt Inverter,
Raytheon GPS, Chartplotter, Autopilot, Radar, & VHF Radios, Electric Windlass,
Marine Heat/Air (17,000 BTU),
Gas Oven/Range, 12v/110v Refrigerator,
Fuel Tanks Replaced, Decks & Cabin Top replaced & re-fiberglassed,
& Entire Boat Painted (2004-2005),
Under Cover & Lift Stored Since 2005!
34 LOA, 119 Beam, Draft 36
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Old 01-03-2016, 05:33 PM   #8
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Yes, same boat. With your knowledge of the Canadian market do you think this one is worth a look. I think this one needs lots but it did have a decent survey back in 2010...
I don't have any special knowledge, but the ad caught my eye. It could be worth close to zero, but at an asking price of $US7k it's gotta be worth a close look if it's the kind of boat you're after. Safe to say that all the boats of that vintage have deck issues... Depends on what else you find.
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Old 01-03-2016, 06:16 PM   #9
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All boats exceed their value when repaired. Maybe not immediately but eventually.

If you are handy, at $20K you shouldn't be too far upside down. Buy it if you like the boat not in lieu of a retirement plan.
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Old 01-04-2016, 11:30 PM   #10
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Talked to the owner and going to take a look in a few days once it warms up a touch. Posted a few more pics to let other chine in on their thoughts. My biggest issue is the deck over the aft cabin. Not sure what the original surface should be. To me the boat looks like a disaster but might be a diamond in the rough with lots of love.

From first hand experience on this vessel in particular is there any tell tale signs or spots to look for ? I will be looking at the tanks and jumping around the decks for soft areas.
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Old 01-04-2016, 11:39 PM   #11
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Don`t jump too hard on those decks, it could end badly.
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Old 01-04-2016, 11:52 PM   #12
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I once told my vavorite surveyor I had my eye on a CHB. She said "Eric .. You don't want a CHB". Decks and cabin as I recall. I rather like the boats. She lived on an old 40' wood Monk.
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Old 01-05-2016, 12:11 AM   #13
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Don`t jump too hard on those decks, it could end badly.

My gut says run by the pictures. The clutter and mess are not helping the sale but perhaps its not all that bad.... Its part of the adventure I guess. Looking will not cost me much other than some time and fuel.
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Old 01-05-2016, 09:34 AM   #14
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My gut says run by the pictures. The clutter and mess are not helping the sale but perhaps its not all that bad.... Its part of the adventure I guess. Looking will not cost me much other than some time and fuel.
+1 Run

Unless they give you the boat.

And some cash.

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Old 01-07-2016, 08:38 PM   #15
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Hey I only paid 9000 for mine and its a 36 marine trader Europa. Ill let you
know what it ends up costing me....
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Old 01-31-2016, 06:02 PM   #16
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Walk away. You'll end up recoring the whole house.

I know I own one and had to do just that...
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Old 02-01-2016, 12:25 PM   #17
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I am in the middle of a total restoration on my 1975 34 if you can do the work your self fine if you have to farm it out RUN AWAY. It is a lot of work but when I am done I will know exactly what I have and it will be done right, also if the running gear is in good order it may be worth the time to restore the boat
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Old 02-01-2016, 01:43 PM   #18
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If the asking price for the boat is $7k, how many additional $ would be consumed to address the soft deck, and most likely house, before folks felt it would have been better to have "run away."

I know there is a near infinite amount of variables in the equation. But, how much deck and house repair can one get accomplished for an additional $10k, $20k or $30k? I'm assuming no work to the entire drive train, just fiberglass, wood and paint work.

My boat runs fine. But the leaks are rotting out the coring. I hope to get some estimates once the weather turns. I'd like to know about the experience of others to get some reference points to evaluate the proposal(s).

I'd have to farm out almost all of the work. I can paint, spin a wrench and I can tear stuff out, but rebuilding the core issues is beyond anything I want to do personally. I'll write the check - up to a point.
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Old 02-01-2016, 01:43 PM   #19
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+1 Run

Unless they give you the boat.

And some cash.

My thoughts exactly. You couldn't give me that boat. It would take some cash.

It is all a matter of if you are looking for a boat to work on. Some people enjoy that(cars too). They end up working on them...restoring them....then selling them. And they are NOT doing it to make money. They do it because they enjoy it. If you are that person, go for it. But if you are looking for a boat to enjoy underway out on the water sometime in the not too distant future, this is not the boat.
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Old 02-03-2016, 05:58 PM   #20
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I can't tell anything from the pictures. It looks like my boat in the off-season.
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