Opinions are like......
Pat,Your question, as most do in this forum, will garner a ton of conflicting opinions. Everyone has one, right? And most often people are quick to say “buy low, buy low” and criticize the asking price of a certain age boat without seeing it or getting any details as to specific condition or equipment. For example, you have a fairly new engine. What is it? How many hours? No one can give you a truly valuable opinion without more specific information even on this ONE area of the boat, so I would disregard the “too high a price” opinions until they can be validated with facts and comparisons. I have owned three sailboats, all 7-10 years old when I purchased them. They all really needed new rigging, new sails, and other refitting to be truly seaworthy (safe). For my fourth sailboat I purchased a ‘79 C30 TRBS in February for $20,000 and then spent an additional $1,000 transporting her up here to SF Bay. She was in very good condition overall; the hull was perfect, new Edson wheel steering, rigged for and included a spinnaker. She looked good and smelled good below. No leaks, no delams, no cracks. The little 5411 diesel ran fine. So except for upgrades and mods that one would normally perform on a 20+ year old boat to make her seaworthy and look sharp, she was in good shape. I replaced all rigging (standing and running), new furler, new jib and main sails, new opening port in the head, new interior cushions/upholstery inside, new head, Catalina chainplate upgrades, replaced the “thru-hull” valves, new Origo 3000 alcohol stove, bottom job. I have yet to: replace the permeated sanitation hoses, reset the two raising bulkheads pulled up by the upper shrouds, install new window curtains, rigid boom vang, cockpit cushions, paint the deck (optional) , and varnish bright work. When all done I will have about $17,000 invested after the original $20,000 purchase price. $37,000 for a ‘79? Yeah, but she will sail and sail and sail and look almost new doing it. I know everything about this boat, now, and feel very secure sailing her. A year or two down the road I may upgrade to a new, larger diesel but motoring is not a high priority, anyway.The late 80’s to early 90’s C30’s average in the low $40,000 range around here. Actually, they are not too easily located. And again, most sailors will not have replaced rigging or sails on these boats and replacing standing rigging on a SF bay sailed boat every 7-10 years is VERY important. Toss in some new upholstery, maybe some engine work and perform some neglected maintenance, etc, and you could easily spend $10,000 or more. Now you have $50-55,000 invested. I figured if I went that route I wouldn’t really have much of a different boat for the difference of $13-18,000. And compare with the price of a NEW C30 for $100K+ what more do I really get for the additional $63,000? New is nice, but not THAT nice.I didn’t buy my C30 as an investment, but same as anyone else, if and when I sell I would want to get as much as I could. If you look around (especially on the net, yachtworld.com always has lots of C30’s) you will find tons of mid 70s to early 80’s C30s for $17,000-25,000 but also a good number of the same age bracket that have been refitted and updated selling in the $30-40,000 range. You just can’t judge the value of these boats unless you see them and know what’s in them. If you want your older C30 to be the best she can be you will have to spend the money one way or the other, either when you buy her because the refitting has already been done or later doing it yourself. The only other options is to “steal” one from someone who doesn’t appreciate the value of the boat or is in some distress situation to sell her for less than she is worth. These, though are probably less likely to be found. Feel free to write me at cg2chris@pacbell.net and I will be happy to share more.Chris