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1962 41 in Deale MD-know this boat?

  • Thread starter Thread starter ADOPO
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ADOPO

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Hatteras Model
Not Currently A Hatteras Owner
http://www.yachtworld.com/boats/1962/Hatteras-Sport-Fisherman-2007932/Deale/MD/United-States

Anyone know this boat? I have to hand it to the broker, great write up. From the Internet, it looks good, only thing that looks unoriginal is the sink. How many original owned Hatterases have been in the same family for 47 years?

From the ad:

REMARKS
The photos won't show this piece of history in her true glory. She was purchased new and has remained in the same family all these years. This is not a boat for today's "yachtie". She offers beauty, grace, and style of another era along with the performance and toughness associated with the name Hatteras.
Call today for your showing appointment. This boat is priced well below her value and it won't take long for her to be discovered.
 
I don't know that boat, but she sure looks sweet in the pix. The Seamasters are sortof dinosaurs now 'days, but they are tough, as described. I'm not sure how parts availability is. I had a friend years ago with the same engines in a 1972 Hatt 36C series I. He ran them hard enough to get a 16 knot cruise on the 36 and they burned 35 to 40 GPH. As I recall, the engines in his boat had sodium filled valves, were painted metallic burgundy and had chrome valve covers. They were first class looking engines.

I'm flying back to Md. this Thursday for a few days. If you want, I can try to carve out some time to go see her and report back. I'll take Dr. Rosenthal with me. Between the 2 of us, you will get an honest impression of her condition. Let me know.
 
WOW - that is a sweet looking boat!!! Is it possible to add fuel capacity?
 
If it remains a gas boat going forward, and still has the fiberglass tanks, they need to be replaced anyway.
 
I don't know that boat, but she sure looks sweet in the pix. The Seamasters are sortof dinosaurs now 'days, but they are tough, as described. I'm not sure how parts availability is. I had a friend years ago with the same engines in a 1972 Hatt 36C series I. He ran them hard enough to get a 16 knot cruise on the 36 and they burned 35 to 40 GPH. As I recall, the engines in his boat had sodium filled valves, were painted metallic burgundy and had chrome valve covers. They were first class looking engines.

I'm flying back to Md. this Thursday for a few days. If you want, I can try to carve out some time to go see her and report back. I'll take Dr. Rosenthal with me. Between the 2 of us, you will get an honest impression of her condition. Let me know.

That would be great as it would be nice to know if this boat really is as good as she looks. Of course the gas engines are a huge negative, but you've gotta love the classics!
 
We took a look today. I met Jim Rosenthal and we looked her over.

This is about the nicest 47 year old boat that you will likely see. She is mostly unmolested. She has had a paint job at some point, which still looks decent. The foredeck non-skid needs a re-paint. The aft decking is wood with "Nautolex" decking over. There are some soft spots, so that will need attention. The lower plastic windsheilds are cloudy, the FB plastic windsheild is also. The guages at both stations are non original as you can see in the YW photos. The deckhouse has vinyl wallpaper on the sidewalls in a tan color, side wall wood trim and aft bulkhead inside are painted the same tan. The forward of the salon is varnished. She has a built-in microwave. The head sink looks non-original. The AC panel is a replacement model Paneltronics.

Everything else on this boat seems original, and in decent looking condition. The engineroon is clean, and full of antique machinery. Engines and gen look good with recent looking hoses and hoseclamps. Air units, HW heater, all that stuff looks original. Window frames look decent, hardware all looks good.

For the middle of winter, she looks shiny and nice for a 47 year old boat. If you're looking for a vintage Hatt, this may be the one to buy. Jim will chime in I'm sure, but these are my observations.
 
Just back from looking at the 41 Hatteras in Deale. My impressions, which are not those of an expert, mind you:

-probably the best looking unrestored 47 year old boat I've seen. Much of the chrome bits are very shiny, the paint is acceptable (although not, I believe, the original paint), the rails are shiny, etc. There is at least one delaminated or soft area on the aft deck but the covering looks good. The boat is clean, tidy, and not cluttered as so many older boats are. It would not be too difficult to make this boat look really stellar, especially if the paint or repaint is Imron and could be buffed out.

-interior: very few things have been changed- or updated much either. There is a new electrical panel which looks enough like the old one that I missed the fact that it is new; Eric Horst spotted it. A microwave has been installed in the galley. The salon woodwork has been wallpapered and painted, and looks fairly good. The balance of the interior woodwork looks fine. The front windows are plastic, I think, and you can't see through them. Very good for privacy, not so good for steering from the downstairs station. The downstairs gauges are not original. They all match, but they have been replaced. Original-style gauges are, I think available as reproductions.

-mechanicals: the Seamaster 534 engines are clean. There is a genset midline aft in the engine room that must be original; it looks like something from the 19th century. All of the mechanical spaces look clean and orderly. My impression is that Seamaster engines were sturdy, very heavy, didn't have much power but had a lot of torque, and were very thirsty. I have not run a boat with them myself.

Overall, this is a boat that seems to have been well cared for. It is unusually original, which I suppose has to do with the fact that it has evidently not passed through the hands of a lot of different owners. So it looks a lot like it would have when it was built, is my guess. If that is what you want, this boat is probably the best one to acquire. It would be hard to imagine a 1962 41' Hatteras that would look better, other than either Knit Wits herself or another 41 that had miraculously escaped the ravages of time. Or been restored by an idiot such as myself.

I think it is priced quite a bit too high, in view of the facts that it has gas engines (the whole fuel tank issue), all of the ships' systems are old and subject to the inevitable malfunctions, and it has engines of a kind that as far as I know are no longer made and have a reputation for using a lot of fuel. I would certainly survey the boat very carefully and have an engine survey done as well. If everything was healthy, given its' age and condition it would probably be a decent deal in the low twenties.
 
Thank you Doc for your well written write up. I love the fact that the furniture is orginal. One day these will be very collectable items, if not already. I'll have to post what the broker said as well. Sounds like a Victor Kiam story...

Paint, replace windows, systems, and repower with diesel will not be inexpensive. Don't you agree these boats need Diesel power?

What is this about the fiberglass tanks?
 
Thank you Doc for your well written write up. I love the fact that the furniture is orginal. One day these will be very collectable items, if not already. I'll have to post what the broker said as well. Sounds like a Victor Kiam story...

Paint, replace windows, systems, and repower with diesel will not be inexpensive. Don't you agree these boats need Diesel power?

What is this about the fiberglass tanks?


Not to be promoting anybody, it seems that you would save yourself a lot of time , money and misery by hiring a broker that knows boats and the current market.
 
Not to be promoting anybody, it seems that you would save yourself a lot of time , money and misery by hiring a broker that knows boats and the current market.

You're right, a good broker is worth the commission and more. I have access to sold boats, so I know the reported sales prices, however, I have been warned these are not always accurate, and I also know not much is selling-they say it is the worst it has ever been... but when you have the media and politicos killing the economy (think of the media for the 2.5 year run up to the election) what do you expect but that is another story (yes, I know the housing story).

Quoting SeaEric and Jim (Thank You!), whom I believe SeaEric is a broker(?), I would trust them based on their previous and numerous comments on this site. That said, I would buy this boat all day if they would take in the twenties as suggested that is what it is worth as I appreciate the original Hatteras boats, which are now timeless classics in my opinion. Especially one that is unmolested as this one. Perhaps they will as the ecconomy continues to drag in the comming months.

Below is the quote from the listing broker for anyone interested. I do not think, and I might add I hope she will not mind me sharing this with the buying public, of which I am one.

Here are answers to your inquiry on the Hatteras 41 we have listed.

1. The boat has been in the same family it entire life. It was purchased brand new and when the owner passed away his nephew purchased it from the estate.

2. The original owner was in fact a wealthy gentleman who took great care of his boat. The current owner doesn't have the resources his uncle had but he has not cut corners either and continues to put money in the boat when it is needed.

3. The boat has been kept on the Chesapeake Bay it's entire life.

4. The entire boat has been painted three times in it's life span. I don't have the records in front of me, but I think the last time it was painted was around 1996. The paint still looks great.

5. What does it need? The current owners says that on his "fix list" is the cockpit floor as he feels it needs to be replaced. It has no canvas on the bridge. That is about it.

6. The engine room and generator -- The engines were put in to replace the originals. The generator was rebuilt.

7. Why the low hours -- the boat was used for family outings in the Chesapeake Bay. It never traveled long distances (to the ocean, etc.)

8. The engines do have turbos. They are "supercharged engines" with ratings of 400 hp at 3200 rpms.
A footnote to the engines. When he purchased them and had them installed in the boat, he was so impressed with their quality and performance he bought the company that manufactured the engines!

9. One other thing the owner has on his "fix" list is painting the companionway doors.

10. Bottom and running gear are in good condition. The photos of the boat on the hard were taken two years ago. The boat is hauled every other year.
The owner will be hauling in a few weeks for maintenance. I'll shoot fresh pictures when it comes out.

11. All other photographs were taken when I listed the boat which was in December 2008.

A personal comment on the boat. She shows as nice as any boat I've ever listed. I appreciate the fact that she has been kept original right down to the furniture. It is so rare to see today. The boat is under valued in my opinion. We priced it to sell. If the market were a little better, I would have had him put it out at a much higher price.

I hope you get the chance to come up and see her for yourself. Call me direct on my cell if you need any further information.
 
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It's a nice old boat, no question. It's a boat, it's old and it's nice. But the issues involved are not trivial ones, and they don't have much to do with the history of this individual vessel. All these boats were built with FRP tanks, which was a huge plus until ethanol came along and began eating the tanks and causing fuel to leak. In a diesel boat that would be dangerous. In a gas boat it is basically a volcano looking for a place to erupt.

It doesn't matter who bought the Seamaster company or who admired them and how much. The bottom line is that they are OLD engines and I have no idea if parts are even available for them. You don't HAVE to have diesels, but the fuel tank issue is so notable that you may not even be able to insure the boat without replacing the tanks.

To repower this boat with diesels would be a huge job. And that is if the gasoline has not damaged the original tanks. You are still looking at probably $70K to put in a set of Cummins B recons, and that is a very conservative estimate. These boats run fine with those engines, by the way; it's been done several times. At that point you would be so far up$ide down that you would have to look upwards to see the bottom of the Marianas Trench.

If you don't live too far away, the boat is worth seeing. It's a very pretty boat. But just look at comparable boats with diesels to get an idea how far your money would go. Because these days old boats aren't worth what they used to be worth, and your money will go a long ways.
 
I agree with Jim's assessment on this subject. I have redone several boats since 1990 (3 major projects). My spending has typicaly averaged about 50% of acquistion price. One did involve a repower (diesel for diesel). The last job was done in Maine in 2006 with a $48 per hour yard rate... a good deal! The problem today is that yard rates in the Northeast are all hitting $75 to $100 per hour. Unless you have access to a wharehouse / shed that you rent and have the boat hauler put the boat in there, I don't know how you could do this on any kind of a cost effective basis. To replace tanks or switch to diesel power is major money, time, effort, (or all of the above). Most importantly, Jim is correct in that you will be upside down in a major way with respect to market value. Even if you boat this boat for $30k, and you put $50k in it (which does not go as far as you think) you are still pushing $80 to $100K in the finished project. No way will you ever get more than half of that back. I think if you are prepared to invest that kind of money, far better to buy a newer Hatt DC or Conv. 36 to 40 feet and go from there. There was a 1983 43 DC that sold at my club for $102k last summer, needed mainly clean up and some tlc but was mechanically sound. Look for a boat like that.

Cheers
Spin
 
The lousy market for used boats, especially older boats, has really hurt sellers in a big way. However buyers who are looking to get in to a quality older boat are in a great position, if they have cash. I'm sure credit is no looser for boats than it is for anything else- probably far tighter than for houses etc, since boat buying credit has never been as easy to come by. But if you are a cash buyer, or have some cash and a cooperative bank (remember cooperative banks?) the boating world is your oyster.

This is a good time to buy a used boat especially a Hatteras, which is about as good as you can get in quality and absolutely as good as you can get in reputation. I just don't know if this is the right Hatteras. By comparison, one of my friends sold his 1972 36C, a boat very similar to mine, with recent diesel power and low hours, in the mid-70s a year ago. It needed a bit of cleaning up but all the heavy lifting (financially) had already been done. You could almost buy an early 45C- already a diesel boat- for what they are asking for this 41 with gas engines and all the attendant issues. I'd really look over the market and see what else is out there...
 
Beautiful vessel. Someone has really cared for her. Pictures of boats can be misleading, but I would say that is a steal at that price. Curious, what hull #?
 

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