STANDARD SURVEY
C & V
Condition & Valuation
| Client: Removed for Privacy | Date of Report: October 10, 2020 |
| Location: Removed for Privacy | Our file #: 21 – 29891 |
VESSEL DESCRIPTION
| Builder: Grady White | Reg. #: Removed for privacy |
| Model/type: Adventure 208 | Engine/MFG: One Yamaha F200TXR |
| Year: 2006 | H.P. per: 200 |
| Length: 20′ 4″ | Serial numbers: 600 L 1996320 |
| Draft: 1′ 3″ | Type of instal: Gasoline, four-stroke, outboard |
| Beam: 8′ | Generator: None |
| Name: Removed for privacy | Hailing port: None |
| HIN – Removed for privacy |
HULL & STRUCTURE |
| The vessel was inspected while afloat. Hull construction material is molded fiberglass. Deck is constructed of molded fiberglass and above deck structures are constructed of molded fiberglass. Coring is unknown. Bulkheads are constructed of plywood. Overall condition of the hull structure appears satisfactory. The vessel’s weight is unknown. Exterior rails and hardware appear satisfactory. Cosmetic condition of the vessel appears satisfactory – good externally and internally. Vessel’s external colors are white with a black accent stripe. Below waterline through hull fittings appear satisfactory – good. The vessel is equipped with one electric / automatic bilge pump that appears satisfactory and the bilge is dry. The ventilation system consists of natural ventilation and appears excellent. General housekeeping appears good. |
Summary: Satisfactory – Good
MACHINE SYSTEMS |
| Engine’s external surfaces appear satisfactory – good and exhibit no oil, rust or coolant leaks. Engine’s hour meter exhibits 722.9 hours. Motor mounts appear satisfactory – good. Cooling system appear satisfactory – good. Fuel system and components appear satisfactory. Exhaust system and components appear satisfactory – good. Electrical system and components appear satisfactory. Engine control system appear satisfactory, and lower unit appears good. Steering control system appears satisfactory. Propulsion components appear satisfactory – good. General service seawater systems appear good. |
Summary: Satisfactory – Good
FUEL SYSTEM |
| There is 82 gallon capacity in one plastic tank located centerline below the cockpit deck. Fuel tank surfaces, where visible, appear satisfactory, and the securing mechanism
appears excellent. The fuel fill, vent and feed and components appear satisfactory. There is no fuel fill to tank bonding. Fuel shut off valves were not seen. |
Summary: Satisfactory – Good
ELECTRICAL SYSTEMS |
| Battery arrangement appears good. Batteries are equipped with a disconnect switch. DC wiring appears satisfactory. Circuit protection for the DC branch system appears
satisfactory. Wire terminations and connections appear satisfactory. Wire organization and arrangement appears satisfactory. |
Summary: Satisfactory
SAFETY AND LIFE SAVING |
| Vessel has one type B:C size I (2018) portable fire extinguisher. Vessel has no fixed fire suppression system. The vessel includes no CO or smoke alarms. The safety components include: four adult type II PFDs, two adult type III PFDs and one throwable PFD; distress flares with current certification (2023); no first aid kit; one 8 lb. DL anchor with chain and line rode that appears satisfactory. Navigational and anchor lights appear satisfactory – good. Vessel does not have an oil placard or garbage placard. Other safety equipment includes cannister air horn, electric horn. |
Summary: Satisfactory – Good
DOCKING |
| The vessel was inspected at its normal slip location. Lines condition and arrangement appears excellent. Boarding hazards appear significant. All entry points are reportedly kept locked. |
Summary: Excellent
ACCESSORIES |
| ProMariner Pro Sport 8 battery charger, trim tab, Magma cutting board, Shurflo Pro Blaster freshwater pump, bait tank, fish box / ice chest, rod holders, two chairs, two Yamaha digital engine instruments with tachometer / hour meter / trip log / fuel consumption / speed, Simrad NSS9 Evo 3 multifunction device with plotter / sounder / radar / instruments, fishing tackle, fishing rods, plastic water tank, cabin light, dual color spreader lights, Simrad vhf, boarding ladder, transom shower, Ritchie compass, cockpit cushions, Isinglass helm enclosure, two deck chairs
Aluminum two – axle trailer built by Load Rite Trailers Inc, VIN 5A4RS3T21K2009591, spare tire, LED brake lights, jack stand, winch, California license plate number 4SA7563, four bunks, GAWR all axles: 3,170 lbs., total GVWR: 6,340 lbs., total carrying capacity 5,200 lbs. (The trailer was not present during the inspection). |
SUMMARY |
| The vessel is a molded fiberglass cuddy cabin equipped with a single gasoline outboard engine. The client reportedly purchased the vessel in XXXX. The client reported that he is the fourth owner of the vessel. The client reported that the engine is original. The client reported that the previous owner installed a new multi – function
device and new transducer. |
Overall Summary:
Standard form key: We use subsection and overall ratings to summarize conditions found, based upon their appearance. Ratings include: Not examined, Not applicable, Faulty, Marginal, Satisfactory, Good, Excellent.
VALUES
|
ACTUAL CASH VALUE |
NEW REPLACEMENT VALUE |
INVESTMENT |
| Removed for privacy |
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. 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. The most relevant data found while researching the value is included below. We primarily use market value analysis methodology for determination of value.
Explanation of value opinion: The average historical sale price of similar vessels on Soldboats.com is $22,618 and the average current listing price of similar vessels on Boattrader.com and Yachtworld.com is $27,021. None of the comparable vessels are listed or sold on the West Coast. The vessel is in above average condition for its age and its electronics have been upgraded. The vessel came with a trailer and the value of the trailer has been factored into the appraisal. There is currently a Covid-19 related demand and value spike and it is unclear as to how long this demand spike will last. This spike and the condition and location of the vessel have been factored into our valuation of the vessel.
Shamrock 220 Adventurer US$23,500 *
Newington, New Hampshire, United States
Contender 21 Open US$39,900 *
Pinellas Park, Florida, United States Fillingham Yacht Sales-Salt Creek Marina
Parker 2120 Sport Cabin US$34,400 *
Point Pleasant, New Jersey, United States Brightwater Yacht Brokers Inc.
Pro-Line 21 Sport US$26,599 *
Saint Petersburg, Florida, United States Boat America
Boston Whaler 210 Outrage US$39,000 *
Mamaroneck, New York, United States Westchester Yacht Sales
Four Winns 215 Sundowner US$22,348 *
Port Moody, British Columbia, Canada Thunderbird Yacht Sales
Pro-Line 21 Wa US$22,900 *
Sayville, New York, United States White Water Marine
Live Video Tour
Sea Hunt Victory 207 US$29,000 *
Cape May, New Jersey, United States
United Yacht Sales – New Jersey
Live Video Tour
Boston Whaler 190 Outrage US$34,900 *
Charleston, South Carolina, United States BlueChip Yacht Sales
Live Video Tour
Caravelle Sea Hawk 200 Center Console US$14,000 *
Naples, Florida, United States Lowes Marine Sales, Inc.
Sailfish 206 CC US$19,995 *
Mobile, Alabama, United States Bluewater Yacht Sales, Inc.
This survey is for the express purpose of insurance. It is not meant as a buyer’s survey.
RECOMMENDATIONS |
| These recommendations are the surveyor’s ideas and suggestions for addressing deficiencies with damaged or suspect components or systems found during survey or general improvements. The primary recommendations address safety items, structural issues, operational issues or deficiencies which the surveyor determines are of greater importance or more expense than secondary deficiencies. For instance, items that pose a risk to passenger safety or immediate property damage are listed under primary deficiencies and cosmetic concerns are addressed under secondary deficiencies. Most of the recommendations have been addressed in the comments and usually they are discussed at the time of the inspection. |
PRIMARY
- Maintain the fire extinguisher per NFPA recommendations. Extinguishers should be inspected and tagged annually and inspected by a qualified technician or replaced every six
- The fuel hoses are vintage 2006. Either replace the hoses or assure they are suitable for continued The industry life expectancy of fuel hoses is 10 years.
- Install an MMSI number in the vhf to allow use of the distress
- Bring a copy of the registration aboard the
SECONDARY
1. Replace the wasted aft cockpit drain hoses and the wasted drain hoses for the ice box and bait tank.
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. 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.
I/we certify that, to the best of my/our knowledge and belief:
The statements of fact contained in this report are true and correct. The reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting conditions, and are my/our personal, unbiased professional analyses, opinions, and conclusions. I/we have no present or prospective interest in the vessel that is the subject of this report, and I/we have no personal interest or bias with respect to the parties involved. My/our compensation is not contingent upon the reporting of a predetermined value or direction in value that favors the cause of the client, the amount of the value estimate, the attainment of a stipulated result, or the occurrence of a subsequent event. I/we have made a personal inspection of the vessel that is the subject of this report. This report should be considered as an entire document. No single section is meant to be used except as part of the whole. This report is submitted without prejudice and for the benefit of whom it may concern. This report does not constitute a warranty, either
expressed, or implied, nor does it warrant the future condition of the vessel. It is a statement of the condition of the vessel at the time of survey only. The submitting of this report creates no liability on the part of Christian & Company or the individual surveyor. This survey report is not intended for use as a “buyer’s survey”.
Christian & Company, Marine Surveyors, Inc.
By: Mr. Kells Manthei, SAMS SA