I've Got a 1977
James,I've got a 1977 and I love it because it needed a lot of work & I was able to get it relatively cheap & do most of the work myself. However, the things my boat needed were easy to spec out before purchasing. It needed a new motor, new genoa, new rudder, chainplate upgrades and spreader upgrades (to name a few!). The point is that all of these things lent themselves to easily budgeting exactly how much time & money would be needed to fix her up & do it right. I was pretty confident that there would be no "mid-project surprises" if you know what I mean, and I was right.In your case, there are at least two unknowns - the blisters & the keel. Hull blisters (and keel work) can look like an isolated thing and then turn into something a lot bigger once you get in there & start looking around. With the limited information I have, the hull and the keel concern me. You say only 2 bolts were replaced. What about the others? It would seem that all of the bolts are the same age...you have to assume that they are ALL going to need to be replaced with lagged stainless bolts soon & that is a big job. Grinding out hull blisters isn't a small job, either. You should get a lot of $$ off of the purchase price for these 2 items.In addition, you should keep in mind that there are other unexpected surprises that are inevitably going to pop up on any boat of this vintage. You should ask yourself how the "big ticket" items look. We already know about the hull, but what about the rudder (cost me about $1k)? What about the engine (diesel replacement about $8k)? How's the electrical system in the boat? Sail inventory? Electronics? Canvas & upholstery? All of these things will add up real quick and, without a solid plan, it's easy to dump $40k (including purchase price) into a boat that will never be worth more than $25k. Heck, for $40k you could probably find a 38 footer in decent shape.I guess what I'm saying is that when you get a boat of this vintage you're taking on some risks. Make sure that the price you pay more than offsets the risks you've identified, because there may be more further ones down the road.Before I bought my boat I priced out what a perfect 1977 would cost. In my area a 1977 C-30 in *pristine* (like new) condition would run about $23k to $25k. I made sure that it wouldn't cost me more that that to get mine in perfect condition, otherwise I'd be better off buying a boat that was already restored. Not just in terms of $$, but also in terms of time spent sailing & not working.Overall I am extremely pleased with my boat, but I think that's because I knew exactly what I was getting in to and I had exact money and time budgeted to turn her into the boat I wanted. If you can do this for your boat then you should be ok. If not, then there are a LOT of C-30's out there. Be patient and you'll find the one that's right for you.My email address is allens@mathworks.com Email me if you want to ask specific questions. I hope this helped. Good luck with your search!!Allen Schweitzers/v DrambuieC-30 hull #632