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Old 06-15-2016, 11:12 PM   #1
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Question 1981 Ocean Alexander 440

First question is, does this boat even exist?! I mean, I know there's a boat that I've seen that's listed as a 1981 Ocean Alexander 440, but when I try to look things up, I find nothing. NADA has no 44' O.A produced in 1981, every O.A I've seen has twins, this is a single Ford diesel and I don't understand. I mean it looks like an O.A, but......

Anyone have any ideas?
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Old 06-15-2016, 11:54 PM   #2
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The early '80's was an era when OA had a strange production line. I've seen other 1984 38' OA aft cabin models, same year as mine, that look nothing like it. It seemed that they would badge many different boats from different yards as OA. There were many with single engine set up then.
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Old 06-16-2016, 07:43 AM   #3
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Thank you for the information. It makes you a little nervous when you're trying to buy a boat that NADA says doesn't exist. How can you determine a value on a vessel if you have nothing to compare it to?
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Old 06-16-2016, 08:50 AM   #4
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Compare it with prices for similar Taiwanese Tubs of the early 1980's. Marine Traders, CHBs, Chien Hwas, Fu Hwas and countless others. Most probably fall in the $50-70K price range. Also, your surveyor will give you an estimate of worth. If the issue is getting financing, you most likely have a problem and if you find it, you might have to put 50% cash down.
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Old 06-16-2016, 10:01 AM   #5
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On Google, they show up as a Motor Yacht with twins.
Here is a 1981 listed as a 440, but it looks like their 43
http://de.boats.com/motor-boote/1981.../#.V2KxW-T5PmQ
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Old 06-16-2016, 10:42 AM   #6
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There are two on Yachtworld listed as 44', the one you mentioned and an aft cabin/sundeck configuration. Same basic hull though. The other one is configured as a twin. Two more listed under 43'....which is indeed the correct model nomenclature. So, two cabin configurations, same hull...all from the OA factory and not from other yards. Very likely that the hull was also used for other models with different deckhouse layouts.
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Old 06-16-2016, 10:59 AM   #7
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It's not the financing I'm searching out, it's making sure I do my research so that I can make a reasonable offer.

From what I understand, an O.A is a pretty stable and seaworthy vessel. Am I right or are there some hidden issues I should be looking for?
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Old 06-16-2016, 11:19 AM   #8
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Quote:
Originally Posted by SaltyDawg86;
First question is, does this boat even exist?
http://www.yachtworld.com/boats/1981/Ocean-Alexander-440-2963113/Chesapeake/VA/United-States#.V2KzhdH2YoA

If that is the one you are looking at, contact OA in Seattle; info@oceanalexander.com and it might help if you get the HID from the broker beforehand. If it is an OA they will know and it's conceivable it might have been some sort of special order.

A little history if you are interested...
With the explosion of Taiwan built "trawlers" in the 70s, Alex Cheu, a retired colonel, put up seed money for a friend to establish a boat yard. In 1973, the friend was unable to repay the loan so Alex became the new owner of the yard.

In 1977, Alex met Ed Monk Jr. through a mutual friend and on a handshake, Ocean Alexander was born. The first boat, the Ocean Alexander 50 Mark I, rolled out in 1978

We all know the rest.
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Old 06-16-2016, 11:32 AM   #9
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Is this the boat you are looking at?

1981 Ocean Alexander 440 Power Boat For Sale - www.yachtworld.com

She looks rather rough. IMHO, $50K is high for this one but as the broker says "Don't be afraid to make her great again". Haha...
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Old 06-16-2016, 11:51 AM   #10
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That's a great idea. Thank you for that! I'm getting ready to look at the boat again, I'm going to confirm the HIN and then email them.
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Old 06-16-2016, 12:00 PM   #11
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Quote:
Originally Posted by Donsan View Post
Is this the boat you are looking at?

1981 Ocean Alexander 440 Power Boat For Sale - www.yachtworld.com

She looks rather rough. IMHO, $50K is high for this one but as the broker says "Don't be afraid to make her great again". Haha...
I've looked at the vessel once. It's really not in awful shape. Yes, there is some wood rot and some things that need fixing, but I can do that. The asking price is the result of sentimental value to the owner and him not realizing the boat is not being kept up like it thinks it is. The owner was transferred out of state and he thought he would be gone for a year or 2, 5 years later it doesn't look like he's coming back. I went through the vessel with the broker and pointed out some things and he told me he was going to give the owner a heart to heart about the actual condition of the vessel. He said the owner is open to serious offers and the owner really wants the boat to be "brought back to life." I know it's going to take some work, but I work on ships for a living, I know what they need, but it's different when you're the owner I just want to make sure I know what I'm jumping into and see what the value could be when everything is on the up and up.
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Old 06-16-2016, 12:15 PM   #12
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SaltyDawg86,

Take what you think needs to be done and add to it what a surveyor finds and then multiply that amount by four and your initial cost estimates by 5. Multiply the time you think it will take to make right by 10 times your current estimate. This may sound like a gross exaggeration, but probably closer to the truth than you now think.

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Old 06-16-2016, 12:21 PM   #13
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I think semi-planning is on the mark, especially about designation; I don't think 440 was a term back then. All was simple, neat, round numbers until cookie cutters started playing with length fudging.

When I looked at that listing, I thought, a skilled () guy like you could throw an offer of 25-30k at it with a looooooong list of "subjects" and have a cool winter works project.

You could do a lot worse than OA.
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Old 06-16-2016, 12:29 PM   #14
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20 years and about $500,000! I may as well buy a new boat!! What marina do you keep your boat at? If I do get this boat, would you mind if I messaged you if I have any questions?

Hawgwash, you must have looked at that boat in person! That's exactly what I think the boat is worth as it sits.
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Old 06-16-2016, 12:41 PM   #15
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The cored decks could be the deal killer IMHO. Most of the OA's in that era (mine included) have had rotten deck core issues. The plus is that there is no teak deck.
It may be do-able at 25K and fixing it up to USE, not be a showboat.
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Old 06-16-2016, 12:52 PM   #16
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Quote:
Originally Posted by SaltyDawg86;
Hawgwash, you must have looked at that boat in person! That's exactly what I think the boat is worth as it sits.
Nope.
I've only ever been close to one Virginia and that one isn't it.
Pure speculation which is the most valuable asset to have on a boat forum.
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Old 06-16-2016, 01:18 PM   #17
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Nope.
I've only ever been close to one Virginia and that one isn't it.
Pure speculation which is the most valuable asset to have on a boat forum.

If that is the most, then #2 is probably scepticism

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Old 06-16-2016, 01:32 PM   #18
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Nice boat but I agree it's in rough shape and needs a lot of work. But if you're up for it and you get it at the right price (probably half the asking price, maybe a bit less) then you'll have a good vessel on your hands. I especially like the huge flybridge. Very nice layout and lots of room to entertain.
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Old 06-16-2016, 02:48 PM   #19
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The split V-berth and the huge flybridge is the exact reason I'm looking at it so hard. After all, I need to have some type of project to do when I get off the ship! Add that to a fuel sipping diesel and I have a good party boat. I have friends and family who have boats, but they don't have cabins or much of a way to get out of the elements. During something like Harborfest, they could raft up with me and we would have plenty of room to watch the fireworks and what not.
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Old 06-16-2016, 03:01 PM   #20
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Quote:
Originally Posted by SaltyDawg86;
Add that to a fuel sipping diesel...
After sitting for 5 years, it just might burn 0 gallons per hour.
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