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Top Hatt...Hatteras 53 for sale.

  • Thread starter Thread starter Triskele
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Triskele

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Nov 16, 2012
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  1. OWNER - I own a Hatteras Yacht
Hatteras Model
43' DOUBLE CABIN (1970 - 1984)
Does anyone know this motor yacht...(Top Hatt)? 1974 Hatteras 53 MY. It is listed with Knott10.com. http://knot10.com/boat-details/?BoatID=5920883

At $110K, looks reasonable. Shows well in pics (staged for sale). Located in Kent Island, MD.
 
What was the name of that boat that was in Passadena MD for a while? Several HOF members went to look at that one......As long as it's not that one I got nothing.

On edit..... no, it's not that boat, I would have remembered the checkered galley floor. (My favorite). Pics look nice.
 
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It's been shed kept for a number of years. It also had a broken transmission at one point- you might want to see if it was repaired and if so, who did it and when. As I recall, the engines in this boat had some years on them and smoked a bit. A prospective buyer would definitely want a good serious engine survey. The best local guy for Detroits would be Tom Hugg.

If my memory serves me, this boat had a lot of redecorating about two owners back, but that's been a long time. There was also one episode where it collided with something- a piling, or something, I can't recall what, exactly- and there was damage to the weatherboard on one side. I don't think the damage was serious, but a buyer would want to know who repaired it and what exactly they needed to do.

I suspect a real value in today's market might be some distance below the asking price.
 
I believe you may perhaps discover that the engines have low compression and have needed MOH for the last three owners - 20 years or so. She starts with the block heaters. You may also notice that the top deck aft of the salon bulkhead is mush. Damage to the port side aft above the rub rail (she hit a daymarker) was properly repaired.
 
I believe you may perhaps discover that the engines have low compression and have needed MOH for the last three owners - 20 years or so. She starts with the block heaters. You may also notice that the top deck aft of the salon bulkhead is mush. Damage to the port side aft above the rub rail (she hit a daymarker) was properly repaired.

Read this post slowly..... 176 times......
 
Knew I could count on someone from this forum knowing this boat. Glad I asked. Just curious. Thanks all.
 
Sent this to another Top Hatt who loves 53' MY. What do you think Craig?
 
Sent this to another Top Hatt who loves 53' MY. What do you think Craig?
I agree with Jim, the actual price will have to become attractive to the person that wants the boat.I have found myself trying to explain our purchase to friends and coworkers who have asked how much we paid, and some don't seem to understand that we valued being able to keep the boat at the same marina, and in the same slip very much.
 
I wanted to provide some additional insight on the Hatt 53 here being discussed. While some of the information may in fact be accurate I think some additional context might be useful as well. In the spirit of full disclosure I not only own the boat being discussed but am also owner of the brokerage selling it. Also realize another post here is from a broker in the marina where the boat was previously located. I am not questioning in the least his post as I respect his knowledge and his business is one we admire but again giving context helps. Top Hatt was kept covered and in good condition from the owner we bought her from. This owner did not want to deal with a sale in any manner for reasons I will respectfully not disclose but asked if I and a partner would be interested in purchasing at a good price so she did not have to go thru a lengthy sales process.

Having sold a number of 53’s we did a cursory inspection of the systems, ran the motors, checked the cosmetics and negotiated accordingly. We did not even sea trial the boat as we were comfortable enough with what we had cosmetically and that the boat ran, generator functioned, heads worked, AC/Heat worked etc. We had the boat hauled and while it will need paint we noticed only a few blisters. Bottom looked good otherwise. We then photographed and put the boat up for sale.

At $95,000 this boat is aggressively priced and the cosmetic condition is far nicer then most you will look at. The previous owners did not do a lot of cruising after 2013 but refinished the interior, updated the galley and made it to their taste for a floating weekend retreat. The enclosed aft deck is also a nice option.

With all that said let my address a few items being discussed. Mush is not how I’d describe the aft deck above rear salon/aft enclosed area. It’s a soft spot right where we’ve seen it on quite a few 53’s but no leaks and probably won’t get any worse. Worth fixing? Maybe but it depends on your desired use, price your paying, how perfect you want to make a 1974 boat.

As for the “low compression for over 20 years and needing a complete overhaul” I could or could not tell you factually if that’s correct. I’m going to stay away from my opinion on engine surveys and tell you what I know. On the boat is a 13 year-old survey from when the previous owner bought the boat. The surveyor references in it being told by someone “five years ago an engine survey revealed low compression and a recommendation for overhaul was made”. He noted all new hoses and chrome valve covers had been added. The next page of the survey was the sea trial with a clean bottom & speed and rpm numbers where the boat ran to the proper rpm as rated as well as proper oil pressure and temps. It may indeed have low compression (although the surveyor just noted being told it but did not test) but at the same time the sea trial noted rated specs made and performance acceptable. The buyers decided to use the boat on the bay and see knowing if an overhaul was needed so be it.

So on 12/11/16 the boat fired right up (loves the block heaters on) sounds good, maneuvers well and performed well when we last ran it. The bottom definitely had some growth on it and we saw 2100 rpm not 2300, which could be suspect of the dirty bottom or fact the fuel is 3 years old (filters??).

-The captain who used to take the family out works at a yard we use. He is the one who had a steering issue in 2012 side swiped the day marker port stern. The damage was above the rub rail port stern. Repaired and looks fine and I was not aware of it except when we hauled the boat at his yard and he informed me. I would have never known otherwise. He also mentioned it was rumored to have low compression when they bought it in early 2000’s and “I ran them all up and down the bay for a few years without any motor issues".

-How are you going to use the boat? If you’re an 8-10 knots cruiser, occasional boater and or floating condo type this will make a terrific purchase and for under $100k you will be hard pressed to find nicer. If you want to spend $25k plus on 1974 motors that run well (yes they smoke a bit) but even after $25k+ will still be 1974 motors have at it or maybe spend $125k-$140k plus on another boat.

Hope this is helpful.
 

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