C & V SURVEY
Condition & Valuation
| Client: Removed for privacy | Date of report: June 22, 2021 |
| Current owner: Removed for privacy | Our file #: 21 – 20116web |
| Location: Driscoll Boat Works | Date of inspection: June 14, 2021 |
| Shelter Island San Diego, CA | |
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: Leland Parsons | Doc. #: Removed for privacy |
| Model/type: Custom gaff rigged schooner | Engine/MFG: Ford Lehman |
| Year: 1984 * | H.P. per: 85 |
| Length: 62’ 4” (without tender measured), 54’ length on deck and 65’ loa | Serial numbers: Not seen
reported by the client |
| Draft: 6’ | |
| Beam: 16’ * | Type of instal. : Diesel, four cylinders, |
| Name: Removed for privacy
Hailing Port: San Diego, CA HIN: None * * Certificate of documentation |
two PTOs, hydraulic drive system
Generator: Northern Lights model M673D.3 and serial no. 6732- |
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HULL & STRUCTURE |
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| The vessel was inspected while hauled and afloat. Hull construction material is cold molded plywood and epoxy, the client report seven layers of ABX plywood. Deck and above deck structures are constructed of fiberglass and plywood. Bulkheads are constructed of plywood, client reports four layers of ABX plywood. Overall condition of the hull structure appears good. The vessel’s weight is reported at 60,000 lb. Exterior rails and hardware appear good. Mast, mast step, standing rigging and chain plates, where visible, appear satisfactory – good. Cosmetic condition of vessel appears satisfactory externally and satisfactory – good internally. Vessel’s external colors are green. Below waterline through hull fittings appear satisfactory – marginal, the one valve is missing its handle. The vessel is equipped with one manual and three submersible electric / automatic bilge pumps that appear satisfactory – marginal and the bilge is holding minimal fluid (oil and water). The ventilation system consists of three blowers and natural ventilation and appears good. General housekeeping appears good. |
| Summary: Satisfactory – Good |
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MACHINE SYSTEMS |
| Engine’s external surfaces appear satisfactory and exhibit moderate rust and oil. Engine hour meter exhibits 1139 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 and shaft log appears satisfactory. Steering control system appears good. Propulsion components appear good. Generator surfaces and motor mounts appear good (mostly not inspected). Generator’s peripheral components and systems appear satisfactory – good. Waste system and components appear satisfactory. General service seawater systems appear satisfactory. |
| Summary: Satisfactory – Good |
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FUEL SYSTEM |
| There is 300 gallon capacity in two black iron tanks located in salon and forward cabin bilge spaces on centerline. Fuel tank surfaces, where visible, appear good, and the securing mechanism appears excellent. The fuel fill, vent, feed and return lines and components appear good. Fuel fill to tank bonding appears good. Fuel shut off valves are located by filters and appear satisfactory. |
| Summary: Satisfactory – Good |
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ELECTRICAL SYSTEMS |
| The AC shore cord, inlet and connections appear good. 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 |
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SAFETY AND LIFE SAVING |
| Vessel has four type B:C size I (2002) and two (2004) portable fire extinguishers. Vessel has Fireboy 35CG halon 1301 (reportedly serviced in 2016), second unit reported in generator box fixed fire suppression system (not seen). The vessel includes no CO alarms. The safety components include: various PFDs and two throwable PFDs; distress flares with expired certification; 75 lb. CQR anchor with chain and line rode that appears good. Vessel has a 30 lb. Danforth anchor (not aboard) with line rode. Navigational and anchor lights appear satisfactory; there is no steaming light. Vessel has current navigation rules. Vessel has oil, waste placard and waste management plan. Other safety equipment includes ship’s bell, MOB pole, EPIRB with a 2011 battery date sticker, Last Watch II Helmsman minder, airhorn. |
| Summary: Satisfactory |
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LP GAS SYSTEMS |
| Vessel is equipped with LP, which fuels the bbq grill, range and fireplace. Tank external appearance is good and they are properly secured. Ventilation appears good. Tank valves were opened and an odor was not noticed. Feed line is equipped with a reducing regulator and an electric shut off solenoid and feed lines appear satisfactory. System includes a Xintex S – ZA LP detector / controller. |
| Summary: Satisfactory |
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DOCKING |
| The vessel was not inspected at its normal slip location. |
| Summary: N/A |
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ACCESSORIES |
Bow sprit, Sampson post, hydraulic windlass, four deck prisms, two butterfly deck hatches, six dorade boxes, water pressure inlet, hydraulic winch, Magma LP gas grill, transom davits, sailing . rowing dinghy, boom gallows, hydraulic and tiller steering, Ritchie compass, interior (pilothouse) and exterior (aft deck) engine controls, insulated shroud (for antenna), spreader lights, 30A / 125V shore power inlet and cord, GFCI outlet, Raymarine C120 multi-function device with radar and plotter, Raymarine ST60 and wind and ST60 and tri-data, Raytheon Ray 55 vhf, Raymarine ST8002 autopilot, engine instrumentation includes tachometer, three temperature, oil psi, amps and hour meter, generator instruments include 2 temperature, amp, oil psi and hours (126), navigation rules, Icom AT-140 antenna tuner, water heater, Uniden ES UM525 vhf, Icom IC – M802 HF transceiver, computer, GE clothes washer and dryer, oil and garbage placard, waste management plan, aft head includes electric head, sink and shower / tub aft berth compass, aft head has a macerator pump, gimballed dining table, Chelsea ship’s clock and barometer, oil / amp, opening bronze port lights, Kenmore galley refrigerator and freezer, three burner LP range, galley sink with macerator pump, freshwater pressure pump, internal sea strainer, fuel transfer and priming pumps, washdown / fire pump, Newmar 12 – 1800 IC Perfect Wave inverter / charger, two water level gauges, electrical distribution panel includes main and branch AC and DC circuit breakers, Dickinson lp heater, air compressor, tri-color lights (on top of mast)
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SUMMARY |
| The vessel is a cold molded custom sailboat equipped with a diesel engine and a diesel generator. The vessel is unique in many aspects. The current owner built the vessel and stated that the design was borrowed from a book of designs, and an engineer, Bill Davidson, drew the scantlings from the design. The design is based on a late 1700s / early 1800s Gloucester fishing schooner. The client built the vessel from these designs over 29 years (ten year hiatus). The hull is made of seven layers of 3/8 inch plywood with epoxy and silicone bronze ring nail fastenings. The exterior of the hull has been encased in fiberglass and the interior of the hull has been encased in fiberglass to the waterline. The deck and superstructure are constructed of plywood and fiberglass. The masts, booms, bow sprit and several other components were made by Bill Clarke, a San Diego area shipwright. The propulsion system is a hydraulic system driven off the main engine. The vessel is well designed and built and the client stated he became a shipwright in 1957 and has worked in the marine industry since.
The client stated that he documented the vessel as having its keel laid in 1984 and launched the vessel on May 5th, 2005. The client has lived aboard the vessel since it was launched. In addition to hydraulic propulsion, the vessel has a hydraulic system which controls the bow and stern thrusters, windlass and a deck winch.
The vessel is currently hauled for bottom paint. The vessel is structurally sound and 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 vessel is a custom vessel and thus the value is to a large extent based on the surveyor’s experience and comparing it to what the surveyor believes would be the type and quality of comparable vessels included in the soldboats.com reported sale prices and the yachtworld.com listing prices below. The most comparable vessel is the 2005 French and Web custom that reportedly sold for $990,000 in May, 2021 in Bainbridge Island, Washington. However, it was built by a known builder and is much newer. This boat compares in the type of boat and construction quality as the boats in the range of value listed.
| Length ft | Boat | Year | Sold Date | Sold Price | Listed Price | Boat Location |
| 53 | Nautor Swan 53 | 1988 | 17-Jun-21 | 170,000 | 175,000 | Le Phare Bleu Marina, Grenada |
| 54 | Irwin Ketch | 1988 | 14-Jun-21 | 340,000 | 350,000 | Saint Petersburg, OH, USA |
| 60 | Oyster 61 Deck Saloon | 1996 | 11-Jun-21 | 411,030 | 411,030 | Ardrossan, North Ayrshire, United Kingdom |
| 54 | Hylas 54 Raised Salon | 2004 | 10-Jun-21 | 549,000 | 549,000 | Fort Lauderdale, FL, USA |
| 57 | Nautor Swan Swan 56 | 1999 | 8-Jun-21 | 393,113 | 524,150 | Izola, Slovenia |
| 62 | Nautor Swan Swan 60 | 2001 | 8-Jun-21 | 744,532 | 1,072,125 | Rimini, Italy |
| 59 | Farr 56 Pilot House | 2005 | 3-Jun-21 | 450,000 | 549,000 | Phuket, Thailand |
| 50 | Wever 52 Ocean Going ketch | 1999 | 3-Jun-21 | 413,364 | 452,675 | Port Grimaud, Var, France |
| 53 | Hallberg-Rassy 53 | 1995 | 25-May-21 | 369,288 | 391,921 | Medemblik, Netherlands |
| 52 | Island Packet 485 | 2005 | 24-May-21 | 431,000 | 439,000 | Hilton Head Island, SC, USA |
| 50 | French & Webb Custom | 2005 | 14-May-21 | 990,000 | 997,000 | Bainbridge Island, WA, USA |
| 55 | Tayana 55 | 1986 | 5-May-21 | 285,000 | 299,000 | Pelham, NY, USA |
| 61 | Oyster 61 Deck Saloon | 1998 | 3-Apr-21 | 320,484 | 411,055 | Ipswich, Suffolk, United Kingdom |
| 55 | Wever 53 Ketch | 2001 | 2-Apr-21 | 333,562 | 589,689 | Katwoude, Netherlands |
| 62 | Custom Ketch | 1992 | 16-Feb-21 | 180,000 | 190,000 | Sausalito, CA, USA |
| 50 | Valiant 50 | 2001 | 30-Dec-20 | 250,000 | 275,000 | Seattle, WA, USA |
| 50 | Able Chuck Paine Apogee 50 | 1998 | 29-Dec-20 | 425,000 | 439,000 | Annapolis, MD, USA |
| 53 | Hallberg-Rassy 53 | 2001 | 21-Dec-20 | 416,938 | 470,544 | Biograd na Moru, Croatia |
| 54 | Contest 55CS | 2003 | 23-Dec-20 | 384,170 | 439,561 | On request, Spain |
| 60 | Lyman-Morse Hood Custom 60 | 1999 | 3-Dec-20 | 1,050,000 | 1,200,000 | Newport, RI, USA |
| 54 | Colin Archer Bronsveen 55 | 1998 | 2-Dec-20 | 446,719 | 506,281 | Katwoude, Netherlands |
| 54 | Hylas 54 Raised Salon Centerboard | 2004 | 27-Nov-20 | 559,000 | 599,000 | Fort Lauderdale, FL, USA |
| 52 | Koopmans 47 | 1992 | 19-Nov-20 | 225,146 | 237,059 | Kiel, Germany |
| 57 | Bristol Custom 57 | 1994 | 28-Oct-20 | 360,500 | 399,000 | Fort Lauderdale, FL, USA |
| 51 | Hoek 51 | 2002 | 24-Aug-20 | 268,031 | 354,993 | Hindeloopen, Netherlands |
| 52 | Custom Westsun 52 | 1990 | 10-Aug-20 | 107,213 | 154,267 | Enkhuizen, Netherlands |
| 50 | Taswell 50 | 1997 | 23-Jul-20 | 338,000 | 395,000 | Kemah, TX, USA |
| 57 | Tayana 58 | 2003 | 15-Jul-20 | 350,000 | 399,000 | Deale, MD, USA |
Lighthouse Point, Florida, United States
Rick Obey Yacht Sales California
Somerset, Massachusetts, United States
Wellington Yacht Partners, LLC
Kaneohe, Hawaii, United States
Honolulu Yacht Brokerage International LLC
Price Drop: US$25,000 (May 25)
Little Compton, Rhode Island, United States
San Diego, California, United States
Cruising Yachts – San Diego, Marina del Rey & SF Bay Area
Longboat Key, Florida, United States
Jersey City, New Jersey, United States
Price Drop: US$15,000 (Jun 15)
Honolulu, Hawaii, United States
Honolulu Yacht Brokerage International LLC
Merritt Island, Florida, United States
Portsmouth, Rhode Island, United States
Wellington Yacht Partners, LLC
Burgess, Virginia, United States
Wellington Yacht Partners, LLC
Branford, Connecticut, United States
Wellington Yacht Partners, LLC
Charleston, South Carolina, United States
Annapolis, Maryland, United States
Shelburne, Vermont, United States
Wellington Yacht Partners, LLC
Portland, Oregon, United States
McCuddy’s Marina – Hayden Island Yacht Sales
Price Drop: US$116,000 (Jun 17)
Sparkman & Stephens Semi-Custom 53 CC
Charleston, South Carolina, United States
Wellington Yacht Partners, LLC
Jensen Beach, Florida, United States
Punta Gorda, Florida, United States
Fort Pierce, Florida, United States
Sparkman & Stephens Stellar 52 Raised Saloon
Hilton Head Island, South Carolina, United States
Saint Petersburg, Florida, United States
Marion, Massachusetts, United States
Daytona Beach, Florida, United States
Brisbane, California, United States
Fort Pierce, Florida, United States
Annapolis, Maryland, United States
Shelter Island Heights, New York, United States
Honolulu, Hawaii, United States
Honolulu Yacht Brokerage International LLC
This survey is for the express purpose of insurance. It is not meant as a buyer’s survey.
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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 fixed and portable fire extinguishers per NFPA recommendations. Extinguishers should be inspected and tagged annually and inspected by a qualified technician or replaced every six years.
- Provide federally required, approved and current distress signal flares.
- Replace the battery in the EPIRB. Maintain the EPIRB per the manufacturer’s recommendations.
- Provide a mast head / steaming light to comply with federal and international requirements.
- Test and prove the propane alarm, service if / as necessary. It was not tested. Assure the “fire place” is designed for this application, is approved by the manufacturer for installation in vessels and its use complies with ABYC and NFPA recommendations.
- Service the engine for salt crystals on the heat exchanger and oil on the engine surface. Eliminate the causes, address deficiencies illuminated by these conditions and clean to allow detection of any future weeps or leaks.
- Replace the low pressure hose on the small PTO on the engine, it is an exhaust / water hose that is carrying oil and is wet with oil.
- Address the water weep at the engine’s exhaust mixing elbow. Eliminate the weep / leak and clean staining and corrosion at and below this location to allow detection of any future weeps or leaks.
- Replace the handle on the through hull valve supplying the sea chest and prove the valve properly functional.
- Service and prove the salon bilge pump functional, it did not function with its float switch. The bilge pumps are all equipped with boost pumps, assure that the boost pumps are all functional as an inoperative pump in line will diminish the volume of water. Assure compliance with ABYC recommendations.
- Service corrosion on the sea chest and related components. Eliminate any weeps and leak and remove corrosion to allow detection of any future weeps or leaks.
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SECONDARY |
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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