Value of Tanzer 28
I'm looking for suggestions-problem-older boat shared with partner who wants out. (he's on title). I originally purchased her for $30,000 in 1987, then sold 50% interest in 1996, for half the agreed price of $20,000-sharing marina, storage, and insurance. However, I have always paid for the maintenance-I've needed to as I do four hour cruises to pay for this exercise. Technically the boat costing $20,000, over 22 years is probably some kind of record, given she has generated her own cash for her "parking" and maintenance costs. Last year the "owner's" friend paid the marina fees -his share, but made no committment for this year, (inferring not). Not wanting to throw more (needed) money into a boat in someone else's name, I was introduced to my new boat-(pre-mamed) Seadeucer a Jeanneau 32 1985 in great shape for a great price, which costs $5,000/yr to "park". (Particularly as I named my Tanzer Extasea-before the drug came out!-it seemed appropiate). As I am not on title, I am also not responsible for storage costs, and if I stick the partner, he'll have the option to sell her for whatever, and give me nothing. Rather than that, it would seem prudent to simply list it privately, as is, make us an offer. The question I pose is what is the base (lowest) price for the biggest 28' boat ever-the cockpit sits four, the (flight) deck (beam to beam) accomodates several-I routinely take out 10 people, occassionally more. Frightfully she has much more storage space than my Jeanneau, and more usable deck space by far. The inboard 1cyl. Yanmar runs good, but needs cushions throughout, new or repaird rails, new sails-and basically everything else. As a "cottage" marina boat she may find a buyer. Even so, a survey is required for insurance for the marina, is there a point at which such a boat is worth nothing? Or may it be worth more, as some people are forced to give up there real cottages? (Others totally equipped i.e. with auto+full cockpit enclosure etc. - bristol, similar vintage, are about $13,000 from what I could find on the net). List her for 8, and go down to 5?, or be happy with anything? I'm in Toronto and in no hurry-the partner's friend has not contacted me since the fall, nor of course do I wish him to know of my new boat. Any comments will be appreciated, thanks.
Last edited by SeaDeucer; 03-08-2009 at 11:35 PM.
Reason: reads better