dear floating crash pad seeker-
as i wrote jimmy...
the electrical system and wiring needs a lot of work... the halyards and sails are old, weathered and ready to fail from age... the plumbing systems need much work... the hinges and screws on the hatches are rusting and falling off. the rigging seems sturdy but is old and should be replaced because of the age and time spent in the sun and salt air. overall, almost everything except the engine and the hulls are due for replacement and/or reconditioning and to bring it up to "good" condition would require hundreds of man hours in labor and thousands of dollars in parts. in "good" condition the market value would be in the $50,000 range but it would cost more than that to do the work and buy the materials needed.
this doesn't mean there's anything "wrong" with it or that it has lots of broken things that are expensive to fix. it just means it's an old boat in fair to poor condition overall. if one were to do a little electrical work (piece of cake for you), install water tanks and get the water system and toilets working (jimmy has tanks - not installed), install a simple camp stove (you probably already have one), buy a couple of new batteries, replace a couple of halyards, put new screws in hinges and other places where they're rusting and falling out, put some sail tape on a couple of sails, and do a little interior painting and decorating... one could get by just fine and R&R things as they wear out and break.
a boat like this is often sought by world cruisers because of the room it has and it's ability to weather most anything, but it's a bit old and weathered to handle a world cruise (in my opinion) and it doesn't have any of the expensive equipment cruisers like to have, i.e., auto-pilot or self steering vane, radar, depth sounder, knot meter, wind indicating electronics, chartplotting GPS, ham or ssb radio, wind generator, solar panels, or even a diesel genset. there's also no refrigeration or air conditioning.
there IS some fishing and diving gear and some scuba equipment that comes with it if desired and he has a watermaker for it (not installed).
it is a floating city like dalin has, but dalin's is a floating "san francisco" as opposed to this being a floating "juarez"... if you get my drift. ;-)
it's a poor man's boat. but it's priced accordingly. it's good for living and cruising cheaply in mexico.
pictures are here:
sailcortez.com
-el poop deck head |