No way this boat has been submerged - those are top leaks. The engine and nav station are in far too good a condition for having spent any time underwater.
This is a good buy (from what I can see on the net) for someone with a little time on their hands.
Now up to over $10K, BTW
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"Two possibilities exist: Either we are alone in the Universe or we are not. Both are equally terrifying."
Arthur C. Clarke