STANDARD SURVEY
APPRAISAL SURVEY
Condition & Valuation
| Client: Removed for Privacy | Date of Report: April 23, 2021 |
| Location: Removed for Privacy | Our file #: 21 – 20054 |
VESSEL DESCRIPTION
| Builder: Symbol Yachts | Doc. #: Removed for privacy |
| Model/type: 50 Pilothouse | Engine/MFG: Two Cummins 6CTA8.3 – M3 |
| Year: 2000 (model year) | H.P. per: 450 |
| Length: 55′ | Serial numbers: S – 45768347 P – 45760542 |
| Draft: 4′ 2″ | Type of instal: Diesel, six-cylinders, turbo |
| Beam: 15′ 7″ | Generator: 12 kw Northern Lights |
| Name: Removed for privacy | Hailing port: Removed for privacy |
| HIN – Removed for privacy |
Specifications measured or from research
HULL & STRUCTURE |
| The vessel was inspected while afloat. Hull construction material is molded fiberglass. Deck is constructed of fiberglass and above deck structures are constructed of fiberglass. There are apparent repairs on the starboard aft side of the superstructure near the deck and minor wear type anomalies on the starboard bulwarks and rub rail near the pilothouse door. Coring is unknown. Bulkheads are constructed of plywood. Overall condition of the hull structure appears good. The vessel’s weight is 38,000 lb. Exterior rails and hardware appear satisfactory. Cosmetic condition of vessel appears good externally and good internally. Vessel’s external colors are white with black stripes. Below waterline through hull fittings appear satisfactory. The vessel is equipped with (at least) one manual, one Rule 2000 (aft) and one Rule 3700 (engine room) electric / automatic bilge pumps that appear satisfactory and the bilge is holding minimal water. The ventilation system consists of two engine room blowers and natural ventilation and appears good. General housekeeping appears good. |
Summary: Satisfactory – Good
MACHINE SYSTEMS |
| Engines’ external surfaces appear satisfactory and exhibit no significant rust, oil, or coolant leaks. Engine hour meters exhibit 778 (p) and 754 (s) hours. Motor mounts appear satisfactory. Cooling system appears satisfactory. Fuel system and components appear satisfactory. Exhaust system and components appear satisfactory. There is corrosion and staining on the starboard engine exhaust hose to tube connection aft in the engine room. Electrical system and components appear satisfactory. Engine control system appear satisfactory, and shaft logs appear satisfactory. Steering control system appears satisfactory and rudder ports appears satisfactory. Propulsion components were not inspected. Generator surfaces and motor mounts appear satisfactory. Model number is PX – 312K1 and serial number is K05509 and there are 2547 hours on meter. Generator’s peripheral components and systems appear satisfactory. The insulation in the generator’s sound box is failing. Waste system and components appear satisfactory. General service seawater systems appear satisfactory. |
Summary: Satisfactory
FUEL SYSTEM |
| There is 600 gallon capacity in four 150 gallon aluminum tanks located two per side in engine room. Fuel tank surfaces, where visible, appear good, and the securing mechanism appears good – excellent. The fuel fill, vent, feed and return lines and components appear satisfactory. Fuel shut off valves are located in the engine room and appear satisfactory. |
Summary: Satisfactory
ELECTRICAL SYSTEMS |
| The AC shore cords, inlets and connections appear satisfactory (cords not disconnected). The AC wiring and outlets appear satisfactory. The AC main feeds are protected with circuit breakers. Battery arrangement appears satisfactory – good. Batteries are equipped with a disconnect switches. DC wiring appears satisfactory. Circuit protection for the AC and 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 three dry chemical units (2011 tags). Vessel has Fireboy CG2 – 700, FE – 241 unit in engine room with 2011 tag date as the fixed fire suppression system. The vessel includes CO alarms. The safety components include: unknown PFDs and two type II throwable PFDs; distress flares are unknown; stainless steel unlabeled anchor with chain and line rode that appears satisfactory. Navigational and anchor lights appear satisfactory (not tested). Vessel has oil and waste placards. Other safety equipment includes emergency tiller handle, life sling, EPIRB with 11/2023 battery expiration. |
Summary: Satisfactory
DOCKING |
| The vessel was inspected at its normal slip location. Lines condition and arrangement appears satisfactory. Boarding hazards appear insignificant. |
Summary: Good – Excellent
ACCESSORIES |
| Anchor roller, integral swim platform, trim tabs, cockpit sunshade, radar arch, flybridge bimini top, transom door, Hynautic hydraulic steering, two plastic water tanks, intercom, Xantrex True Charge 60 amp battery charger, generator instrumentation includes temperature, oil psi, hours and volts, ZF IRM301A.2 transmissions, PSS dripless propeller shaft seals, Glendinning engine synchronizer, PTO on starboard engine, beam ship’s vacuum, internal sea strainers, oil placard, Racor fuel filters, Hynautic hydraulic engine controls with flybridge and pilothouse stations, Naiad hydraulic fin stabilizers, FCI Dolphin series water maker, heart interface freedom 25 inverter, AC and DC engine room lights, two 50 amp shore power inlets, led courtesy lights, canvas cover, Muir two direction electric windlass, sea and freshwater bow washdowns, spotlight, double salon sliding doors, salon sofa and chairs, Marine Air HVAC system with four controllers, salon TV, satellite TV system, salon wet bar, U-line ice maker, SubZero 249FF freezer and freezer and 249 RP refrigerator, Frigidaire dish washer, galley sink, Broan trash compactor, Sharp Carousel microwave, convection oven, flybridge helm includes Simrad DS40 multi-function device, Ritchie compass, Icom IC-M127 VHF, Robertson AP20 autopilot, Simrad Bluetooth radar, side power bow thruster, engine instrumentation includes Floscan digital tachometer, oil psi, temperature and volts, Sony CDX – C4750 stereo, flybridge helm chair and seating, tender davit (no label), flybridge refrigerator, various canvas covers, pilot house dinette, pilot house pedestal helm chair, second set of generator instruments, Tank watch III holding tank level monitor, Wema tank level indicator, Icom IC – M127 VHF, Robertson AP20 autopilot, Simrad CE40 multi-function device, pilothouse engine instrumentation includes tachometers with hour meters, oil psi, temperature and volts, B&G Network depth, Uniden handheld unit, heart interface link 1000 inverter controller, three windshield wipers, Uniden ES VHF, second handheld VHF, electrical distribution panel in pilothouse includes branch AC and DC circuit breakers two AC and one DC ammeters, AC and DC volt meters, owner’s head includes vacu-flush head, sink and shower enclosure, element tv, Weems and Plath ship’s clock and barometer, sump collector box and pump, Splendide Comb-o-matic 2000 clothes washer / dryer, set of bow thruster batteries and a Xantrex XC254, battery charger, owner’s cabin with ensuite head, port cabin with bunk berths, starboard head includes vacu-flush head, sink and shower fixture, VIP cabin forward |
SUMMARY |
| The vessel is a composite fiberglass motor vessel equipped with two diesel engines and a diesel generator. Removed for privacy stated that he purchased the vessel seven years ago in Removed for privacy. The engines, transmissions and generator are reportedly original. Removed for privacy reported that there had been no major upgrades or improvements. Removed for privacy stated that cosmetic upgrades included interior and (flybridge) exterior flooring and custom furniture. Removed for privacy stated that he has performed the normal maintenance on the engines in the past 6 months and his mechanic informed him that he needs service on the engine’s exhaust mixing elbows. He stated that the anti-fouling paint is 4 years old and there are blisters on the bottom. He stated that his GPS has recently stopped working and is irreparable and needs to be replaced. He stated that the ice maker and the flybridge refrigerator are inoperative and the VIP cabin’s HVAC unit is inoperative. The vessel was inspected in its slip. The engines and generator were briefly test operated. The vessel is in good condition overall and well maintained. The vessel has upgrades including stabilizers, bow thruster, air conditioning and a clothes washer. Most of the electronics are antiquated. The cosmetics are good. The vessel appears suitable for its intended purpose as a coastal cruising vessel. |
Overall Summary: Satisfactory – Good
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 value is based on the soldboats.com reported sale prices and the yachtworld.com listing prices. The large amount of data brackets the value. This boat’s value is in the higher range of values, based on its size and quality. The best comparable sale is the 2002 Symbol 50 that sold for $325,000 in September, 2019 in Punta Gorda, Florida. This boat is two years newer but sold before the Covid-19 demand spike, which increased values. The next best sold boat comparable is the 2000 Hampton 490 that sold for $350,000 in January, 2020 in Dana Point, CA (before Covid). The best comparable listing is the 2001 Symbol 52 asking $395,000 (San Diego, CA). This boat is one year newer and larger, thus has more value (we surveyed that vessel and appraised it at $360,000 in March, 2021). Based on our inspections this vessel is in better condition than the 2001 Symbol 52. The condition, the continued influence of the Covid-19 demand and the location were all factors in the appraisal.
| Length ft | Boat | Year | Sold Date | Sold Price | Listed Price | Boat Location |
| 52 | Symbol 50+2 | 2000 | 13-Dec-19 | 375,000 | 425,000 | Deltaville, VA, USA |
| 52 | Symbol 50+2 | 2000 | 6-Dec-19 | 375,000 | 425,000 | Hartfield, VA, USA |
| 52 | Symbol 50 | 2002 | 21-Sep-19 | 325,000 | 424,900 | Punta Gorda, FL, USA |
| 48 | Sea Ray 480 Sedan Bridge | 2001 | 22-Apr-21 | 230,000 | 259,000 | Long Branch, NJ, USA |
| 53 | Carver 530 Voyager Pilothouse | 1999 | 21-Apr-21 | 320,000 | 320,000 | Kenosha, WI, USA |
| 48 | Sea Ray 480 Sedan Bridge | 2001 | 16-Apr-21 | 272,500 | 299,000 | Hobe Sound, FL, USA |
| 53 | Ferretti Yachts 53 | 1999 | 15-Apr-21 | 254,096 | 277,086 | Hyeres, France |
| 46 | Carver 450 Voyager Pilothouse | 1999 | 9-Apr-21 | 169,500 | 194,900 | Saint Petersburg, FL, USA |
| 48 | Navigator 4800 CLASSIC | 2001 | 7-Apr-21 | 295,000 | 299,000 | Everett, WA, USA |
| 47 | McKinna 481 | 2001 | 6-Apr-21 | 235,000 | 245,000 | San Rafael, CA, USA |
| 48 | Navigator 4800 | 2001 | 26-Mar-21 | 270,000 | 285,000 | Newport Beach, CA, USA |
| 48 | McKinna 481 | 2001 | 1-Mar-21 | 256,000 | 315,000 | Santa Barbara, CA, USA |
| 51 | Carver 506 Motor Yacht | 2000 | 22-Feb-21 | 275,000 | 299,000 | San Diego, CA, USA |
| 53 | Navigator 5300 | 1999 | 11-Feb-21 | 236,405 | 279,679 | Vancouver, BC, Canada |
| 48 | Azimut 46 | 2000 | 9-Feb-21 | 295,000 | 298,900 | San Pedro, CA, USA |
| 53 | Navigator 53 Classic | 2000 | 5-Feb-21 | 283,000 | 299,000 | Newport Beach, CA, USA |
| 53 | Navigator Classic Pilothouse | 2000 | 22-Jan-21 | 280,000 | 299,000 | Newport Beach, CA, USA |
| 53 | Navigator 53 pilothouse | 2000 | 21-Jan-21 | 320,000 | 349,900 | Seattle, WA, USA |
| 50 | Custom Grizzly Yachts Convertible | 2000 | 20-Jan-21 | 110,000 | 175,000 | San Diego, CA, USA |
| 53 | Carver 530 Voyager Pilothouse | 2000 | 24-Nov-20 | 285,000 | 299,900 | Vancouver, BC, Canada |
| 53 | Carver 53 Voyager | 2000 | 4-Nov-20 | 335,000 | 349,000 | San Diego, CA, USA |
| 53 | Carver 530 Voyager Pilothouse | 2000 | 16-Oct-20 | 330,000 | 339,000 | Discovery Bay, CA, USA |
| 51 | Carver 506 Motor Yacht | 2000 | 19-Sep-20 | 245,000 | 264,000 | Stockton, CA, USA |
| 53 | Carver 53 Voyager | 2000 | 24-Aug-20 | 335,000 | 349,000 | San Diego, CA, USA |
| 53 | Navigator Classic | 2000 | 6-Aug-20 | 289,000 | 289,900 | San Diego, CA, USA |
| 51 | Ocean Alexander 510 Pilothouse | 1999 | 6-Aug-20 | 350,000 | 359,950 | Seattle, WA, USA |
| 48 | Cranchi Atlantique 48 | 2001 | 11-Jul-20 | 188,323 | 223,583 | Victoria, BC, Canada |
| 53 | Carver 530 Voyager | 2000 | 16-Jun-20 | 285,000 | 324,000 | San Diego, CA, USA |
| 53 | Navigator 53 pilothouse | 1999 | 15-Jun-20 | 250,000 | 279,000 | San Diego, CA, USA |
| 48 | Offshore Yachts Pilothouse | 2000 | 8-May-20 | 489,000 | 510,000 | Newport Beach, CA, USA |
| 48 | McKinna Pilothouse | 2000 | 6-Apr-20 | 245,000 | 299,000 | Oxnard, CA, USA |
| 54 | Ocean Alexander 548 Pilothouse | 2000 | 20-Mar-20 | 615,000 | 649,000 | Seattle, WA, USA |
| 54 | Offshore Yachts 54 Pilot House | 2001 | 13-Mar-20 | 555,000 | 599,000 | Anacortes, WA, USA |
| 51 | Ocean Alexander 510 Classico Pilothouse | 2001 | 2-Mar-20 | 390,500 | 419,500 | Portland, OR, USA |
| 52 | Tiara Yachts Express | 2001 | 26-Feb-20 | 460,000 | 495,000 | Gig Harbor, WA, USA |
| 54 | Sea Ray 540 Sundancer | 2000 | 18-Feb-20 | 256,039 | 303,720 | Vancouver, BC, Canada |
| 54 | Sea Ray 540 Cockpit Motor Yacht | 2001 | 5-Feb-20 | 285,000 | 309,000 | Seattle, WA, USA |
| 53 | Navigator Pilothouse | 1999 | 10-Jan-20 | 195,000 | 235,000 | Newport Beach, CA, USA |
| 53 | Navigator PH | 1999 | 10-Jan-20 | 195,000 | 275,000 | Newport Beach, CA, USA |
| 49 | Hampton 490 Pilothouse | 2000 | 8-Jan-20 | 350,000 | 379,000 | Dana Point, CA, USA |
Long Beach, California, United States
Chuck Hovey Yachts- Newport Beach
Price Drop: US$20,000 (Mar 31)
Anacortes, Washington, United States
Sidney, British Columbia, Canada
San Diego, California, United States
San Diego, California, United States
La Paz Cruisers Supply & Brokerage
Symbol Pilothouse Motor Yacht (NA)
Isleton, California, United States
Symbol Motor Yacht California Edition
Dana Point, California, United States
This survey is for the express purpose of appraisal. It is not meant as a buyer’s survey.
Recommendations which are part of our normal marine surveys are not included with appraisals, at a minimum we suggest reviewing the safety system and maintaining all components per the code of federal regulations and NFPA standard.
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 Christian, Surveyor SAMS – AMS #301