I guess I'm still not clear on your pricing. Are you saying you have a purchase budget of $170K - and are expecting to put in another $50K to get her ready?
At least according to the photos - this looks like a damn nice Passport 40 - for way less than $170K:
1984 Passport 42 New Decks 42 Sail Boat For Sale - www.yachtworld.com
And it doesn't appear that you'd need another $50K to shove off.
[Disclaimer - I have no idea if the people involved with this boat are LMDs.]
I've seen (been aboard) this Passport 42. It is (was) located at Jabin's yard in Annaplois.
It has been on the market for 2-2.5 years. Think it started out at 130-140K.
Cosmetically it looks quite good.
Beware of offsett companion way.