Price Drop?!

[spartonboat1]

Don't think this has been posted yet. Was looking idly at a Hatt '78 53' MY, when I heard the price: $100k. So I took the tour of her. She has 8v71Ti's, post-installed Stabs and thruster, and 13' or so rib. Asking price is down to $100k. Very clean, 600hrs SMOH on mains, ER's very clean, whole boat very clean and no "hatt smell', even in the ER. Genny room spotless, salon beautiful. Galley upgraded around 1996 or so and also the electronics. So now vintage, but very good shape.

Owner took good care of her, and had a custom ladder installed to the swim platform. Oh, man, wish I was in the market!. Owner died 3 years ago, and family turned down $229k 2 yrs ago, I was told!

Amazing how prices have fallen!

 

[thegreatnomad]

That is amazing. I have been hard at work restoring a 50 MY over the last 2 years. I have been extremely frugal in my spending for this exact reason. I just finished breaking down the "bad" 8v71
and sent it to the machine shop. Rebuild is going to be much less expensive. I have kept the 100k mark in my head as a do not cross line but as I watch prices fall I'm thinking that it might be more
like 50k. Deals are out there. I wonder if it will go any lower?


e

 

[Seabrooke]

Don't think this has been posted yet. Was looking idly at a Hatt '78 53' MY, when I heard the price: $100k. So I took the tour of her. She has 8v71Ti's, post-installed Stabs and thruster, and 13' or so rib. Asking price is down to $100k. Very clean, 600hrs SMOH on mains, ER's very clean, whole boat very clean and no "hatt smell', even in the ER. Genny room spotless, salon beautiful. Galley upgraded around 1996 or so and also the electronics. So now vintage, but very good shape.

Owner took good care of her, and had a custom ladder installed to the swim platform. Oh, man, wish I was in the market!. Owner died 3 years ago, and family turned down $229k 2 yrs ago, I was told!

Amazing how prices have fallen!

Holy Snapping Duck S___ Batman!!!!

Spartan, where is this boat??? Is it listed online somewhere I can view it?

Please send me a PM with the details if you wouldn't mind

 

[doc g]

Hey, It's not just boats. I was in PCB in March . Half acre on the Gulf , 5600 square foot house, quality construction, tile roof, custom pool and hot tub surrounded by what seemed like a quarter acre of tile ........900 something. I came home and looked it up; assesed value 2.2, four years ago aseesed value was 3.9 mil. It was sold in July for 188/sq. ft. or 941 K.......crazy stuff ........Pat

 

[spartonboat1]

Holy Snapping Duck S___ Batman!!!!

Spartan, where is this boat??? Is it listed online somewhere I can view it?

Please send me a PM with the details if you wouldn't mind

the listing
http://www.yachtworld.com/boats/197...Motor-Yacht-1981363/Montague/MI/United-States

 

[Seabrooke]

You're a champion mate,

Thanks

 

[SKYCHENEY]

I know this boat. PM if you want my observations. It has been highly modified inside and is all bright white. The galley windows have leaked quite badly. It does need work. I, personally, would not consider it based on what I have seen and what other good buys are out there.

 

[Seabrooke]

I know this boat. PM if you want my observations. It has been highly modified inside and is all bright white. The galley windows have leaked quite badly. It does need work. I, personally, would not consider it based on what I have seen and what other good buys are out there.

Thanks Sky,

I understand there is an offer on the boat so it's probably not an issue.

The images looked very good but hey, closer knowledge is always a far better thing. I'd still be interested to learn more. I'll pm you later today

 

[spartonboat1]

I know this boat. PM if you want my observations. It has been highly modified inside and is all bright white. The galley windows have leaked quite badly. It does need work. I, personally, would not consider it based on what I have seen and what other good buys are out there.

Well, I must admit that if the owners turned down $229k two years, on the advice of the family atty, then his advice was not beneficial. At least, that is the story from the broker. The current offer of $100k is by someone "out East", whatever that is. Doubt if it went through, unless the buyer arranged for storage in Grand Haven, as its too late to move it, plus captain's cost.

I must admit the boat is far from bristol, but was very nice once. If they turned down $100k (supposedly countered w/$105k), then an even lower offer may be in the offing and they will blame the broker. Shoot, without home equities to buy these boats, and loans hard to come by in that age range, (1978), its "how low can you go?".

 

[SKYCHENEY]

Well, I must admit that if the owners turned down $229k two years, on the advice of the family atty, then his advice was not beneficial. At least, that is the story from the broker. The current offer of $100k is by someone "out East", whatever that is. Doubt if it went through, unless the buyer arranged for storage in Grand Haven, as its too late to move it, plus captain's cost.

I must admit the boat is far from bristol, but was very nice once. If they turned down $100k (supposedly countered w/$105k), then an even lower offer may be in the offing and they will blame the broker. Shoot, without home equities to buy these boats, and loans hard to come by in that age range, (1978), its "how low can you go?".

Quincy,
This is not your typical 53MY. There is a reason it is so low. It has been butchered. Most people looking for a true classic will not want this boat. The master stateroom has an island bed that is not even the original shape or height. It looks like a Searay back there. Someone had some grand ideas. Unfortunately, they should have just bought the boat that fit their needs instead of ruining this one.

 

[Seabrooke]

Quincy,
This is not your typical 53MY. There is a reason it is so low. It has been butchered. Most people looking for a true classic will not want this boat. The master stateroom has an island bed that is not even the original shape or height. It looks like a Searay back there. Someone had some grand ideas. Unfortunately, they should have just bought the boat that fit their needs instead of ruining this one.

G'day Sky,

Apart from the butchery, what is the boat like (only if you have this info, of course) from a mechanical, systems and seaworthy perspective? From what I can see, and I may be WAYYYYYYY of base here, the owner sought to modernise the classic MY into a modern setup rather than buying a less substantial newer boat. Do you have knowledge of the engines, hull, systems, stabs, thruster, etc. etc. ? Clearly you know what you are on about with these vessels. I am only just beginning to learn.

I do appreciate your input as well as Quincy's (and others of course).

Whether I end up with this or another, getting the right boat is what it's all about.

 

[SKYCHENEY]

I only toured this boat once. I do not know the maintenance history. Cosmetically I would give it a 6 out of 10. The paint is servicable and the outside hardware all looks pretty good.

As stated, this guy threw a bunch of money at what he thought was a "modernization". In my view, he ruined a great boat. Maybe others will see it differently.

 

[spartonboat1]

I only toured this boat once. I do not know the maintenance history. Cosmetically I would give it a 6 out of 10. The paint is servicable and the outside hardware all looks pretty good.

As stated, this guy threw a bunch of money at what he thought was a "modernization". In my view, he ruined a great boat. Maybe others will see it differently.

To the unpractised eye, it looks quite nice. But I will mention what stood out to me, if you are picky:
Aft Cabin: Several storage doors not functioning, one fell off hinges,
Windows: No leaks evident, but small graying started around edges (plastic core delaminating),
Salon: New headliner, looks nice, but with quarz lights (I hate those),
Bow deck: Ideal windlass chrome is starting to look rough,
Under bow deck: Coring gone inside a hole under deck, but I don't remember hole purpose,
Engine room doors: Do not close fully and catch plate missing from one door,
A/C Heat units: A single "March" pump for three units, pump looked undersized (same size as my two head units)

 

[Seabrooke]

Under bow deck: Coring gone inside a hole under deck, but I don't remember hole purpose,
Engine room doors: Do not close fully and catch plate missing from one door,

These look to me to be the most serious. If the deck core is failing this sounds like a big item. Also, engine room doors MUST close as far as I am concerned. Any idea what would cause this problem?

 

[SKYCHENEY]

I am told that the yard pulled the galley windows a couple of winters ago and the coring under them was gone as well. I'm not sure how/if they were fixed properly.

And the reason the cabinet doors fell off is probably because that whole aft stateroom was reconfigured with some white shiny laminate stuff. Those are not OEM doors or hardware.

If you like that modern interior look, it may be the boat for you at these prices. If you want a classic 53, that is truly a classic, this is not it.

 

[Seabrooke]

I do find it interesting that it seems to be very well accepted and even applauded when a Hatt Convertible is modernised but when a Motor Yacht has similar treatment the perpetrator is shunned and looked down upon.

The 53 MY is the best designed mid sized pleasure craft that I have ever seen. Many aspects of the interior however are now dated, like most decor that is 30 years or more old.

I don't for a moment think that a well kept MY isn't a thing of beauty and to be hugely admired. However there are MANY vessels around that utilise the interior space with more grace and function nowadays. It is both a pity that the modern boats generally don't match the build quality and integrity that the HATT 53 does and a blessing that these magnificant boats are still around and now in a price bracket that allows them to be either restored to their former glory or tastefully and gracefully (hopefully) modernised for todays tastes.

One way is not necessarily better than the other.

I am developing strong affiliation with the Hatt 53 Classic MY and a traditional interior is a beautiful thing but that's not the only way to go...

Now, mechanical or structural problems............................. that is another thing entirely!!!!!


Just my two cents worth anyway.

 

[Boatsb]

I do find it interesting that it seems to be very well accepted and even applauded when a Hatt Convertible is modernised but when a Motor Yacht has similar treatment the perpetrator is shunned and looked down upon.

The 53 MY is the best designed mid sized pleasure craft that I have ever seen. Many aspects of the interior however are now dated, like most decor that is 30 years or more old.

I don't for a moment think that a well kept MY isn't a thing of beauty and to be hugely admired. However there are MANY vessels around that utilise the interior space with more grace and function nowadays. It is both a pity that the modern boats generally don't match the build quality and integrity that the HATT 53 does and a blessing that these magnificant boats are still around and now in a price bracket that allows them to be either restored to their former glory or tastefully and gracefully (hopefully) modernised for todays tastes.

One way is not necessarily better than the other.

I am developing strong affiliation with the Hatt 53 Classic MY and a traditional interior is a beautiful thing but that's not the only way to go...

Now, mechanical or structural problems............................. that is another thing entirely!!!!!


Just my two cents worth anyway.

I can't express the difference between refitting and modernizing Vs butchering. I have not sen any big dollar refits of SF with formica over the wood or paint and wallpaper on it either. I have seen many MY that were done poorly ( probably on the cheap) that are not worth trying to fix. When someone re powers a sf and adds a new interior they usually modernize it and upgrade the machinery because they want a faster more reliable boat to fish. It is not important to keep them original but buying materials at the dollar store is not a good idea.

 

[rsmith]

MMM c'mon Scott, you havent seen a Fla SF refit where they glue plastic mirrors on every surface? LOL It was big in the 90's. I asked one of the brokers at the FLL show one year why it was more prevalent on SF vs MY's. The guy told me he thought it was because the SF guys usualy have "girlfreinds" and they dont want to miss any of the "action" The MY peeps the wife is usually aboard and the "Admirals"dont like looking at themselves from every angle. Sorry just what I was told.

 

[Boatsb]

MMM c'mon Scott, you havent seen a Fla SF refit where they glue plastic mirrors on every surface? LOL It was big in the 90's. I asked one of the brokers at the FLL show one year why it was more preverent on SF vs MY's. The guy told me he thought it was because the SF guys usualy have "girlfreinds" and they dont want to miss any of the "action" The MY peeps the wife is usually aboard and the "Admirals"dont like looking at themselves from every angle. Sorry just what I was told.

I did refer to the high dollar refits. I have seen more than my share of DIY garbage but usually on smaller boats in the SF arena.

 

[lumina]

Hi All,

I don't think tasteful quality modernization is a bad thing, I've seen some beautiful renovations however lots of folks for whatever reason ruin these classic yachts with poor quality materials, poor quality workmanship and (I know its a subjective thing) really bad taste.

As far as which direction you take it all depends on what you're looking for. If you're looking for granite and stainless steel and halogen lighting and today’s amenities then search out a quality renovation with these characteristics.

In my case originality was and is the overriding highest priority. I wanted a boat that was as original as possible in every way, something that was as close to the day she was launched as possible. After a lot of searching I hit the mark.

Today, my 1974 48' YF with the exception of carpeting, mattresses and window treatments (and a few necessary system upgrades) is an original classic.

We've made it a rule to always use original replacement part from SAMS et al and to refurbish and maintain the original systems whenever possible.

Does this make my boat worth more or less than a quality modernization, I really don't know.

Relative to the assertion that modernizations are “very well accepted and even applauded when a Hatt Convertible is modernized but when a Motor Yacht has similar treatment the perpetrator is shunned and looked down upon.” I really can’t speak to that. Common sense says a quality modernized yacht of either style boat should be equally appreciated.