When I was searching for our S2 11 early last month, I called the broker. It appeared to have quite a bit of issues; interior water damage, engine seized, all electrical wiring had to be replaced per broker, all running rigging and standing rigging needed to be replaced, etc... He said the hull and deck "appeared" to be fine. I notice that they reduced the price due to a recent survey done. Sounds like someone purchased her at the $16k price, got the survey done, changed their mind and then the broker reduced her down to $9k. I wonder what was in the survey that scared the previous buyer so much that even $9k was not acceptable.
I just sold our P35 sailboat because there was just too many large projects needed to be done.