Appraisal
| Client: Mrs. Removed for Privacy | Date of report: October 3, 2022 |
| Current Owner: Removed |
Our file #: 22 – 20435web |
| Location: CA | Date of inspection: May 2, 2022 |
Scope of Services
The vessel was examined by the surveyor and/or surveyor’s agents from all accessible areas of the interior without removal of secured panels, destructive testing or disassembly. The hull bottom laminate, plating and/or planking was examined by percussion sounding and visual inspection only. No moisture content readings were taken, and no destructive testing was performed. The surveyor may have used a moisture meter if/when they deemed it useful or if specifically requested by client.
Exterior hardware was visually examined for damage and drive components were tested by sight only. The inspection of engines, generators, machinery and related mechanical systems is not within the scope of this survey. Only a brief cursory inspection of the machinery was conducted, and no opinion of their overall condition was formed. Client shall retain the services of a qualified mechanic, engine surveyor or other expert to inspect such engine, generators, machinery and related mechanical systems. Tankage was inspected from visible surfaces only and no opinion was rendered as to their overall condition. On sailing vessels, the rig was not inspected aloft, nor were sails inspected unless they were visible during a sea trial. Client shall retain the services of a qualified rig surveyor or other expert to inspect sails, rigging and equipment. The electrical system was visually inspected where accessible, and electronic and electrical components powered only with permission of or in the presence of the vessel’s owner or agent. No in-depth testing or examination of the electrical system or electric schematic was conducted. Specifications were taken from published sources, measurements if made, should be considered approximate. The recommendations are based on federal and state regulations, industry standards, and/or surveyor‘s own personal experience.
The market value is based on research of available new/used comparable vessels, with consideration of geographic area where the vessel is located and reported sale prices where available. The surveyor will refer to and may reference CFRs, NFPA and ABYC recommendations (and/or other services) as the surveyor deems reasonable but not all regulations and recommendations will be applied nor should this report be relied upon as full compliance with the aforementioned entities. Every vessel inspection is different, and limitations may alter the scope of this survey, some limitations will be implied in the text of the report and some will be explicitly detailed. A Marine Survey Agreement which is reviewed and signed by the client details the terms governing this marine survey
VESSEL DESCRIPTION
Builder: Contender
Doc. #: Removed
Year: 2013
Engine/MFG: Two Yamaha LF300XCA F300XCA
Length: 34’ 7”
H.P. per: 300
Draft: 3’ (approximately)
Beam: 9’ 6”
HIN: (hard to read)
Type of instal. : Gasoline, outboard
Name: “Removed for Privacy”
Hailing port: San Diego, CA
HULL & STRUCTURE
The vessel was inspected while on a trailer. 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 unknown material. Overall condition of the hull structure appears satisfactory. The vessel’s weight is unknown. Exterior rails and hardware appear good. Cosmetic condition of vessel appears good externally and satisfactory internally. Vessel’s external colors are light blue hull sides and a white deck. Below waterline through hull fittings appear satisfactory. The vessel is equipped with two electric / automatic bilge pumps that appear satisfactory and the bilge is dry. The ventilation system consists of natural
ventilation and appears satisfactory. General housekeeping appears satisfactory.
Summary: Satisfactory – Good
MACHINE SYSTEMS
Engines’ external surfaces appear satisfactory and exhibit no significant rust, oil or coolant leaks. Engine hour meters were not energized, but the client reports 2,500 hours. Motor mounts appear satisfactory. Cooling system appears satisfactory. Fuel system and components appear satisfactory. Exhaust system and components appear satisfactory. Electrical system and components appear satisfactory. Engine control system appear satisfactory. Steering control system appears satisfactory. Propulsion components appear satisfactory. Waste system and components appear satisfactory.
General service seawater systems appear satisfactory.
Summary: Satisfactory
FUEL SYSTEM
There is unknown gallon capacity in two tanks, and they were not seen. The fuel fill, vent and feed lines and components appear satisfactory, with some damage to hoses.
Fuel fill to tank bonding was not seen.
Summary: Satisfactory
ELECTRICAL SYSTEMS
The AC shore cord, inlet and connections were not inspected. The AC wiring and outlets appear satisfactory. The AC main feed are protected with circuit breakers. Battery arrangement appears good. Batteries are equipped with 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 two non-approved (USCG) units portable fire extinguishers. The safety components include: unknown PFDs and throwable PFDs; distress flares were not seen;
one anchor with chain and line rode that appears satisfactory. Navigational and anchor lights appear satisfactory (not tested).
Summary: Marginal
STORAGE
The vessel was not inspected at its normal storage location.
Summary: N/A
ACCESSORIES
Trim tabs, three transom underwater lights, Yamaha 21 x 15 stainless steel Saltwater Series II three blade counter rotating propellers, integral swim platform, transom door, two transom bait tanks, two bait pumps, washdown pump, low pressure raw water pump, cockpit bait tank / helm seat assembly, center console, custom T-top with console enclosure, Ritchie compass, two 11” and one 9” Garmin multi-function devices, Garmin vhf, Simrad autopilot, Fusion MS-UD650 stereo, Horizon GX5500S vhf, Yamaha digital instrument, electronic engine controls, hydraulic steering with tie bar, console cabin includes electric head and sink with shower fixture, holding tank level gauge, GFCI outlet, waste Y valve, Marlin tower (pending installation)
Trailer: Venture Trailers, Nov. 12, 2020, model VATB-12625, aluminum I beams, jack, winch, brakes, triple axel, fenders, bunks, no license tag
SUMMARY
The vessel is a composite fiberglass center console equipped with two gasoline outboard engines. The vessel was built in Homestead, Florida. The client purchased the vessel in December 2020 and the engines are apparently original. The undersigned was involved with a damage claim on the vessel which occurred during the shipping of the vessel. The hull sides and transom have been painted. The vessel is located at a marine fabrication facility and the installation of a Marlin top, on top of the T-top, is in process. Some components previously mounted on top of the T-top and the trim motor assemblies inside the center console have been disconnected. For the purpose of this survey we will assume the successful completion of the ongoing modification, that the engines are properly functional (with known low compression issues) and the structure is basically sound. The vessel was inspected on its trailer, the engines were not test operated and no sea trial was performed. Recommendations are not a part of
appraisals, however, we did note age damage and abrasion to several of the gasoline hoses and suggest they all be inspected and any deficiencies addressed.
Overall Summary: Satisfactory
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 |
|
$Removed |
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. 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. The value of the trailer is included.
Explanation of value opinion: The value is based on the soldboats.com reported sale prices and the yachtworld.com and boat trader asking prices below. All the soldboats comps have original engines, as does the 2014 32 asking $225,000. The 2014 asking $275,000 has newer engines, still under warranty. The value balances the continued upward influence of the Covid-19 induced demand and vessel location with the questionable condition of the engines, as confirmed by a compression test the undersigned reviewed, which shows low compression in two cylinders to port and one to starboard). We also searched other sites, including Facebook. We found on 2006 36 Contender asking $175,000 in San Diego. We spoke with Mr. John who is currently selling a 2017 Contender 32ST in South Florida and is asking $140,000 (highest offer to date is $133,000). His vessel has a half tower with a helm station and his engines have 5,000 hours. His vessel has not had the exterior cosmetic upgrade that the surveyed vessel has had. The significance of the high hour engines is uncertain, but there is a reduction in the value above based on the engine hours. The location of the vessel is also a positive influence.
| Length
ft |
Boat |
Year |
Sold Date |
Sold
Price |
Listed
Price |
Boat Location |
| 32 | Contender 32 ST | 2014 | 13-Nov-21 | 205,000 | 249,900 | Vero Beach, FL, USA |
|
32 |
Contender 32
Tournament |
2013 |
8-Nov-21 |
220,000 |
229,995 |
Wrightsville Beach, NC,
USA |
| 32 | Contender 32 ST | 2013 | 22-Apr-21 | 185,000 | 189,000 | Sayville, NY, USA |
|
34 |
Contender 35
Tournament |
2012 |
12-Mar-
21 |
165,000 |
174,900 |
Kemah, TX, USA |
| 32 | Contender 32 ST | 2014 | 8-Feb-21 | 185,000 | 189,000 | Aquebogue, NY, USA |
This survey is for the express purpose of appraisal. It is not meant as a buyer’s survey.
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.
October 3, 2022
By: Mr. Kells Christian, Surveyor SAMS – AMS