C & V SURVEY
Condition & Valuation
|Client: Removed for Privacy||Date of report: June 10th 2011|
|Location: Removed for Privacy||Our file #: Removed for privacy|
|Date of inspection: June 8th 2011|
|Builder: Windward – Marina del Rey, CA||Reg. #: Removed for Privacy|
|Model/type: Floating home||Engine/MFG: None|
|Year: 1994 Name: N/A||Length: 40.8’|
|HIN: Removed for privacy||Draft: 2.5’ (approx.)|
|Weight: Unknown||Beam: 14.8’ Displacement: Unknown|
HULL & STRUCTURE
The floating home was inspected while afloat. The structure is typical house construction built on top of floatation. The float’s construction material is fiberglass over foam. Deck is constructed of wood and above deck structures are constructed of wood with vinyl siding. Overall condition of the hull structure appears good. The structure’s weight is unknown. Exterior rails and hardware appear good. Cosmetic condition of floating home appears good externally and good – excellent internally. External colors are tan with blue floats. The floating home is equipped with no bilge pump and no bilge. General housekeeping appears good – excellent. Waste systems and components appear good.
Summary: Good – Excellent
The AC shore cord, inlet and connections appear satisfactory – good. The AC wiring and outlets appear good. The AC main feed is protected with a circuit breaker. Circuit protection for the AC branch system appears good. Wire terminations and connections appear good. Wire organization and arrangement appears good.
SAFETY AND LIFE SAVING
The floating home has two 5 lb. portable fire extinguishers – 2004. The safety components include one throwable PFD. Other safety equipment includes a CO alarm and a smoke alarm.
LP GAS SYSTEMS
The floating home is equipped with LP gas that fuels the galley range. Tank external appearance is satisfactory and they are not properly secured. Ventilation appears good. Tank valves were opened and an odor not noticed. Feed line is equipped with a reducing regulator and an electric shutoff solenoid and feed lines appear satisfactory – good.
Summary: Satisfactory – Good
The floating home was inspected at its normal slip location. Line condition and arrangement appears good. Boarding hazards appear insignificant. All entry points are reportedly kept locked. There are live-a-boards near this slip.
ELECTRONICS, TENDER(S), ACCESSORIES
Accessories include: Vacuum, water heater, guest head has shower enclosure, sink and head, Asko WCAM1812 clothes washer and dryer, master head has head and shower (enclosed) and double sink (exposed), walk in locker, bed, G.F.C.I. outlets, galley sink, GE Monogram dishwasher, Premier Pro-Series 4-burner LP range, LG refrigerator/freezer, dining table, window blinds, stuffed deer head, sofa, Westinghouse flat screen TV, Sony DVP-NS575P DVD, Yamaha HTR-5730 stereo AV receiver, exterior deck with teak chairs
The vessel is a floating home. The basic construction of the pontoons is fiberglass over foam. The client reports that the pontoons are U-shaped, and open astern. The vessel was reportedly built at the Windward Boat Yard in Marina del Rey, California (U.S.A.). No information regarding the designer or builder is available. The client is a general contractor and he stated that the vessel is constructed of pressure treated lumber on top of the floats with wood framing and dry wall as the primary structure. The exterior has rubber flashing and vinyl siding. The client has upgraded the interior of the vessel extensively. He installed a new upper deck (replacing a previously existing one), water proofed this area, refinished the heads, galley and the sole throughout the interior. The floating home is basically structurally sound. The interior is in good – excellent cosmetic condition with a modern design. The interior is well finished with high quality components. The floating home has not been away from the dock since the client purchased it in 2005. The floating home is not equipped with any fuel system, propulsion system, DC electrical system or most of the required (for vessels) safety components. The vessel is well suited for its intended use as a floating home.
Overall Summary: Good
ACTUAL CASH VALUE
NEW REPLACEMENT VALUE
The actual cash value is the value that our research approximates the selling price of this vessel should be, at the time and place of our inspection. The actual cash value is best determined by a thorough market search to determine what vessels are available on the market, followed by negotiations between the interested parties. Consideration is given to vessel’s condition, geographic location, published listings and guides, comparable sales and listings, and market conditions. The new replacement value is the cost of this or a similar, new vessel, comparably equipped. The investment is the reported investment including purchase price and significant upgrades. No values include maintenance costs, storage or tax.
* This value assumes the floating home is able to be legally sold in Marina del Rey, CA. There are regulations that prohibit its sale and modifications and proof of operation will likely be required to enable the floating home’s sale. The value is diminished by this obstacle.
** based on the client’s approximation of the value of his time spent during the upgrade
C & V Form Key: All systems are rated based upon their appearance, ratings include: Not examined, Not applicable, Faulty, Marginal, Satisfactory, Good, Excellent.
1. The fire extinguishers are vintage 2004, replace the extinguishers and maintain extinguishers per N.F.P.A. recommendations.
2. If the vessel/floating home is ever converted to use as a vessel, significant modifications and additions will be required. Considerations will necessarily include stability, propulsion, fuel, electrical components/system, operational safety components and legalities (carriage components).
This survey sets forth the condition of the vessel and components, as specifically stated only, at the time of inspection and represents the surveyor’s honest and unbiased opinion. The submitting of this report should not be construed as a warranty or guaranty of the condition of the vessel, nor does it create any liability on the part of Christian & Company or the individual surveyor. No part of the vessel was disassembled or removed and no assumptions should be made as to the condition of concealed components. Specifics were obtained from sources available at the time of inspection and are believed correct, but are not guaranteed to be accurate. This inspection was performed for the expressed purpose of obtaining insurance, and should provide the information necessary for underwriting purposes, if any additional information is required, please contact the undersigned. This survey report is not intended for use as a “buyer’s survey”.
Christian & Company, Marine Surveyors, Inc.
________________________________ June 10th 2011____
By: Mr. Kells Christian, Surveyor Date
S.A.M.S. – A.M.S. # 301