Reply
 
Thread Tools Search this Thread Display Modes
 
Old 06-03-2017, 11:21 PM   #1
Senior Member
 
City: Pnw
Country: USA
Vessel Name: SARAH TOO
Vessel Model: 40’ beer can
Join Date: Jun 2017
Posts: 178
New here, new obsession, need help, mentally.

Hi, thanks for letting me into the room. I'm currently looking at a steel trawler cruiser boat to buy. It's a glen L design, stretched to 34' with 3/16 sides and bottom. It's been repowered with a westerbeke 75hp, and it has a fairly spartan interior. Some nice features though, anchor winch, shower, a nice fitted trailer and it's never even been wet yet.

I'm concerned about his new hyper focus because while I love boats, this will be by far the biggest craft I'd have owned, and the first non trailerable type. I'd be borrowing money to buy this which is also stupid probably, but I'm feeling like this boat with a bit of elbow grease could be worth more than the asking price in a few years and allow us some fun doing big boy boating. I'm in Portland so there's considerable cruising opportunity on the Columbia, but our ocean here is a mighty intimidating force that I don't think I'll mess with, so Peugeot sound is out unfortunately, unless we trailer there which is totally possible too if we wanted to do a big summer trip or something next year.

So, can y'all tell me what you think a boat like this is worth? It's basically a new build, that's taken 20 years to get here. So all components are new like stuffing boxes and pumps and interior finishes. But, it's a simple home type build. I'd be sprucing it up with some paint and probably rearrange the layout a little. I'd like to connect the pilot house to the salon a little more by opening the barriers up between them a bit. I'd also be adding a nice solar system on top and a lot of fancy led lighting for fun and utility.
I also have a wacky idea that I'm the winter months I'd haul her home and set her in the yard with a deck built around her to easily access her and maybe rent her out on airBb or maybe to a college student who will bail out when summer hits.
Am I Crazy? I know. Wrong crowd to ask lol!

So what's this boat worth in real world PNW dollars?
Attached Thumbnails
Click image for larger version

Name:	IMG_1034.JPG
Views:	224
Size:	37.2 KB
ID:	65386   Click image for larger version

Name:	IMG_1026.JPG
Views:	273
Size:	55.7 KB
ID:	65387   Click image for larger version

Name:	IMG_1023.JPG
Views:	225
Size:	31.7 KB
ID:	65388   Click image for larger version

Name:	IMG_1019.JPG
Views:	248
Size:	44.9 KB
ID:	65389  
__________________
Advertisement

Sea Word is offline   Reply With Quote
Old 06-03-2017, 11:32 PM   #2
Enigma
 
RT Firefly's Avatar
 
City: Slicker?
Country: Bumpkin?
Join Date: Oct 2007
Posts: 12,458
Greetings,
Welcome aboard. ANY boat is only worth what someone is willing to pay for it. If you're considering this vessel as ANY type of investment-HAH! good luck. How does one make $50,000 flipping a vessel? Start with $100,000.
IF, on the other hand you just want to fool around with it, save up your $$ until you can buy one outright or rent one in the meantime.
Hate to be a wet blanket but my $.02...
__________________

__________________
RTF
RT Firefly is offline   Reply With Quote
Old 06-03-2017, 11:48 PM   #3
Master and Commander
 
markpierce's Avatar
 
City: Vallejo CA
Country: USA
Vessel Name: Carquinez Coot
Vessel Model: penultimate Seahorse Marine Coot hull #6
Join Date: Sep 2010
Posts: 11,277
Any boat requiring a 3-axle trailer is bound to be tough.
__________________
Kar-KEEN-ez Koot
markpierce is offline   Reply With Quote
Old 06-04-2017, 12:08 AM   #4
TF Site Team
 
dimer2's Avatar
 
City: Cameron, La
Country: USA
Vessel Name: Baobab
Vessel Model: Bayliner 4788
Join Date: Aug 2013
Posts: 2,653
Insuring homebuilts can sometimes be difficult, which makes borrowing against it also difficult.

You are at least 10K short of complete as I am not seeing radio antennae, dinghy, davits, safety equipment etc etc.

That being said, she looks like a well built boat (from afar).

Good luck, whatever your decision is.
dimer2 is offline   Reply With Quote
Old 06-04-2017, 12:12 AM   #5
Senior Member
 
City: Pnw
Country: USA
Vessel Name: SARAH TOO
Vessel Model: 40’ beer can
Join Date: Jun 2017
Posts: 178
Yes the trailer is almost useless for most folks around here, but, that could possibly be a benefit if I chose to sell the trailer. The boat is 11'6" wide. I'm not necessarily looking to make money in it, I'm not wise but I'm wise enough to know that's a losing battle. But I've done okay on previous boat projects as far as enjoying for a few years and then selling. I have a place to store it in the water nearby but it would be on the hook only. Or I can rent dock 10-20 minutes away for 150-200$ which isn't too bad.
I guess it would be an experiment about myself because honestly I haven't really been interested in large boats that much traditionally. But, I do have this wonderful river nearby and a gf that enjoys adventures.
In my area "tiny homes" have become quite a thing and this could present an earning possibility through the undesireable months. Its definitely thinking outside my wheelhouse in many ways.
Sea Word is offline   Reply With Quote
Old 06-04-2017, 12:15 AM   #6
Senior Member
 
City: Pnw
Country: USA
Vessel Name: SARAH TOO
Vessel Model: 40’ beer can
Join Date: Jun 2017
Posts: 178
Quote:
Originally Posted by dimer2 View Post
Insuring homebuilts can sometimes be difficult, which makes borrowing against it also difficult.

You are at least 10K short of complete as I am not seeing radio antennae, dinghy, davits, safety equipment etc etc.

That being said, she looks like a well built boat (from afar).

Good luck, whatever your decision is.
Agree. So after that 10$K and some added curb appeal as well, what would you think it would be worth? I know if it had Nordic on it that it would be one to two digits more expensive. But that's how they work I guess.
Sea Word is offline   Reply With Quote
Old 06-04-2017, 12:23 AM   #7
Senior Member
 
City: Pnw
Country: USA
Vessel Name: SARAH TOO
Vessel Model: 40’ beer can
Join Date: Jun 2017
Posts: 178
Hey also, how would this boat do with shore landing?
Sea Word is offline   Reply With Quote
Old 06-04-2017, 02:48 AM   #8
Senior Member
 
Capn Craig's Avatar
 
Join Date: Oct 2010
Posts: 465
there are so many unanswered questions rhat any response, I would judge as predudictial (spell check help me here). First off: I'm a guy of relatively modest means I'm retired and hope to be doing the "loop" next year, albeit in backwards order. Another story, I retired as a out of the box thinker in a traditionally very conservative company as a an engineer in mfg and design of crop harvesters (combines). Reality, in the world is a bit resistant to ideas that question the status quo. Id have to conclude that though I got some or a lot of recognition, (I retired in a good position), I was probably not well served by the being the promoter of out of the box opinions. That said I admire your spirit of the possible.

At this stage, we don't know the price, or any of the personal disapointment and comes with the boat, somebody is experiencing a reality vs dreams experience.

The boat looks really pretty good without knowing a lot of pertinent details Don't let me be a doubtfull Debbie here. I love your spirit but be carefull a lot of dreamers go down in flames when practicality and reality intercede.
Capn Craig is offline   Reply With Quote
Old 06-04-2017, 03:25 AM   #9
TF Site Team
 
Insequent's Avatar
 
City: Brisbane
Country: Australia
Vessel Name: Insequent
Vessel Model: Ocean Alexander 50 Mk I
Join Date: Mar 2012
Posts: 2,265
A Glen L design should be fine, IF the design parameters were adhered to regarding scantling etc.

Was it a design that was to be built in steel? Was the 'stretch' designed by someone with qualifications or by the builder, and if the latter how much was the stretch? Is the superstructure steel as well, and was it designed to be made of steel?

Have a surveyor look at the quality of construction, preferably someone who is also willing to value it. Be prepared for a shock. Home builds can have a huge range of quality of construction, but even well-built ones will be steeply discounted wrt hours spent and material cost. The surveyor's opinions would be of considerable value when negotiating with the owners, give them a copy of his report and valuation. Good luck, it might work out very well.
__________________
Brian
Insequent is online now   Reply With Quote
Old 06-04-2017, 06:20 AM   #10
Guru
 
cappy208's Avatar
 
City: Cape Cod
Country: USA
Vessel Name: Slip Aweigh
Vessel Model: Prairie 29
Join Date: Oct 2013
Posts: 1,200
Find a welder who you can trust. Take him for a look. An experienced welder can judge just by looking around at the weld quality regarding fit, penetration and width of bead. If the builder was not a 'proper welder' I'd pass on her.
cappy208 is offline   Reply With Quote
Old 06-04-2017, 06:32 AM   #11
Guru
 
Pgitug's Avatar
 
City: Punta Gorda, fl
Country: Usa
Vessel Name: Escapade
Vessel Model: Nordic Tug 37 2002
Join Date: Jan 2015
Posts: 1,145
Reading your comments and thinking about your logic if I were you I would negotiate and buy this boat without hesitation. Stick it in your backyard and enjoy your new purchase.
Pgitug is offline   Reply With Quote
Old 06-04-2017, 08:39 AM   #12
Guru
 
Ski in NC's Avatar
 
City: Wilmington, NC
Country: USA
Vessel Name: Louisa
Vessel Model: Custom Built 38
Join Date: Jan 2014
Posts: 5,213
Tough to buy a boat, especially a homebuild that has never been splashed. There will be lots of issues upon splash that will need to be dealt with. Some will be minor annoyances, some may be a big deal.

The insurance and financing will be a challenge. Insurers and financiers are wary of such projects. Before considering further, get those two lined up. They will require a survey and financing may require a big down payment.

How close it to being able to be launched and run? If close, you would want to test run it in the water before closing. If that is not an option, I would want a significant discount as you will be taking on a bunch of risk.

I have seen deals where some money was held in escrow until a satisfactory splash and test run, but that can get complicated and messy. Not a preferred path, but an option.

Boat has nice lines in the photos.

Post photos of the engine install.

Good luck!!
Ski in NC is offline   Reply With Quote
Old 06-04-2017, 10:48 AM   #13
Guru
 
Old deckhand's Avatar
 
City: Sitka
Country: Same
Vessel Model: Transpacific Marine Eagle 32
Join Date: Dec 2014
Posts: 519
I believe this is a Ken Hankenson design for Glen L call the Union Jack. This boat appears to be some what modified. The Tranpacific Eagle 32 that we own is the Union Jack modified by Ken for Transpacific to be built in fiberglass. The Union Jack is a great design and this begs the question as to the quality of the home builder and his modifications.
Old deckhand is offline   Reply With Quote
Old 06-04-2017, 11:23 AM   #14
Senior Member
 
City: Pnw
Country: USA
Vessel Name: SARAH TOO
Vessel Model: 40’ beer can
Join Date: Jun 2017
Posts: 178
Quote:
Originally Posted by Old deckhand View Post
I believe this is a Ken Hankenson design for Glen L call the Union Jack. This boat appears to be some what modified. The Tranpacific Eagle 32 that we own is the Union Jack modified by Ken for Transpacific to be built in fiberglass. The Union Jack is a great design and this begs the question as to the quality of the home builder and his modifications.
Yes it's a hakenson design and meant to be in steel. It is in the design specs that stretching to maximum 34' is allowed. The design was adopted for glass by several companies later on. A testament to mr hakenson and his work I suppose.

As far as qualified welders, well, that's me. I'm quite qualified in that regard. Partly why I've always wanted a steel boat because it can be modified and I can weld on any number of cool projects.

Financing would be from home equity so that won't require any special hoops. And insurance doesn't seem overly concerned when quoted, although progressive said they wouldn't touch anything in steel curiously.

As far as ready to splash, the owner says it's ready now. He's confident in its ability, so much so that he offered to come with me on the maiden cruise which was possibly to be for the trip home to Portland. You see, this boat is sitting in land locked Montana, and one retrieval option was to splash it in Lewiston Idaho which is the farthest inland you can go, and the closest you can boat to Montana from here. Then, 360 miles of river and 8 dams later leads right to my house. What an adventure! But, with the quotes I got for trucking it seems that it would make more sense to have it brought straight here on her trailer. It was only 700$ extra.
Sea Word is offline   Reply With Quote
Old 06-04-2017, 11:26 AM   #15
Senior Member
 
City: Pnw
Country: USA
Vessel Name: SARAH TOO
Vessel Model: 40’ beer can
Join Date: Jun 2017
Posts: 178
I'm holding off disclosing price in hopes that some "from the hip" guesses come in from you guys and see where it line should up with what I think it could be worth. From my eye, in this region, it wouldn't surprise me to see 100k$ sticker on it with a little fixing up and modifications/equipment.
Sea Word is offline   Reply With Quote
Old 06-04-2017, 11:30 AM   #16
Guru
 
cappy208's Avatar
 
City: Cape Cod
Country: USA
Vessel Name: Slip Aweigh
Vessel Model: Prairie 29
Join Date: Oct 2013
Posts: 1,200
My experience with home made is price is 25% of what a comparable professionally built boat would run. But..... the builder always thinks their craft is superior. Sometimes it is. Sometimes not. Because this is unfinished it won't command a high price.
cappy208 is offline   Reply With Quote
Old 06-04-2017, 11:31 AM   #17
Guru
 
cappy208's Avatar
 
City: Cape Cod
Country: USA
Vessel Name: Slip Aweigh
Vessel Model: Prairie 29
Join Date: Oct 2013
Posts: 1,200
Is the engine brand new? Or a take out? Or rebuild? Huge difference in value.
cappy208 is offline   Reply With Quote
Old 06-04-2017, 11:44 AM   #18
Senior Member
 
City: Pnw
Country: USA
Vessel Name: SARAH TOO
Vessel Model: 40’ beer can
Join Date: Jun 2017
Posts: 178
Quote:
Originally Posted by cappy208 View Post
Is the engine brand new? Or a take out? Or rebuild? Huge difference in value.
Engine is a 3000 hour takeout that's been rehosed and cleaned up.
Sea Word is offline   Reply With Quote
Old 06-04-2017, 11:59 AM   #19
Guru
 
cappy208's Avatar
 
City: Cape Cod
Country: USA
Vessel Name: Slip Aweigh
Vessel Model: Prairie 29
Join Date: Oct 2013
Posts: 1,200
New here, new obsession, need help, mentally.

My personal opinion on used boats (even though this is a 'new' boat) they are worth the engine value only. Because this hull is unfinished, and is home built it makes the value worth only what someone will pay. I wonder how long that engine sat around in the garage, in the hull, who sold it as a take out? So many unknowns. But. If your convinced it's a good deal. And have some cash in reserve to complete the build and repair what will need fixing. Go for it. I seriously think you will be investing at least 10k or more in finishing, and rebuilding over purchase price.

My Rule of thumb is $1,000 per foot. Your boat qualifies because of the unknowns involved.
cappy208 is offline   Reply With Quote
Old 06-04-2017, 12:06 PM   #20
Guru
 
Benthic2's Avatar
 
City: Boston Area
Country: United States
Join Date: Feb 2017
Posts: 1,461
I'd need a lot of faith in a vessel before I headed out to sea in it. That faith can come from 2 sources. Either the fact that the boat has an established manufacturer's name on it, or it has a solid history of sea time. This boat has neither.

Even an established builder, who has successfully built and launched hundreds of boats, sea trials their boats, and you're considering spending money you don't have on a home made boat that's never been launched ???

__________________

Benthic2 is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off





All times are GMT -5. The time now is 02:37 AM.


Powered by vBulletin® Version 3.8.8 Beta 4
Copyright ©2000 - 2019, vBulletin Solutions, Inc.
Search Engine Optimization by vBSEO 3.6.0
Copyright 2006 - 2012