Valuation on '76 222 Flatback - perfect 10 boat

[wthoward19]

Hi there, new to the club and pleased to be here.

Looking for some feedback on the value of a '76 FB 222 powered by a 2011 200 HP Yam HPDI, half tower, fully refurbished from top to bottom, new electronics, alum trailer, power pole, cushions, everything imaginable... LED, perfectly maintained under cover. I am considering purchasing...

There are some pictures attached... boat is mint but getting a wide range of values from various sources.

I'm sure there are some experts and some opinions on here and I'd love to hear your feedback on what you feel the range of value for this boat is....

[RickK]

Nice looking rig but it's not a Flatback - it's a 12 degree hull.  Like the coaming and it does indeed look new.
Price out the value of the parts separately (engine, trailer, tower, etc) and that should get you close to a starting point.  The hull?  Hard to put a value on it.

[CLM65]

Sweet looking boat, but as Rick said, not a flatback.  Do you have any info on the rebuild, as far as who did it and what materials where used?

[wthoward19]

Thank you for the clarification on the hull,  not particularly important to me as I see pros/cons to the FB or the 12 degree, mostly in love with the layout for the area I'm in and the type of boating/fishing I do...

Suffice it to say, all work done was done at a very high level, by a professional boat building company in Florida. Everything is new and restored by Canyon Bay Boatworks. From my research, no expense  spared.

So, anyone.... what would you pay for a boat like this? I realize I can back out equipment,  price it out a and then add back to hull but that is  not really the way it works. It's like pricing a restored automobile by the parts in a way.

Assuming you were looking for a boat such as  this, you came across this one, what range would you consider a fair deal? I know it is subjective but hoped to get a variety of folks opinions.

Thanks in advance.

[CTsalt12]

I have mostly looked at smaller boats, so I don't have the best feel for boat this size with these options etc.  $30k is the number I have in my head, and I think that would be  a good deal.  Probably $4500 in electronics between the power pole and the raymarine unit in there.  Correct me if I'm wrong here.  4 yr old engine, I of course have no idea of hours etc. but I think the value of that engine is probably around 10.  Boat looks pristine. 

[wthoward19]

Thanks CTSalt - 200 hours on the motor....
still working on this, sea trial was yesterday and went well....

[CLM65]

Coming up with a value of a rebuilt boat is pretty tough.  One approach - and this is may not have any validity but since you are asking for opinions - is to look at the year it was rebuilt and compare it to similar size/style/quality/condition boats from the same year.  For example, let's assume your boat was rebuilt in 2011 (I picked that since that is the year of motor).  Now pick a 2011 similarly rigged boat that you think is comparable to a 22' AS.  Maybe a Pathfinder?...Sea Hunt?...???.  You can use that as a starting point.  Adjust accordingly for reputation of the shop, materials of construction, etc.  I don't know how well this will actually work, but maybe worth a try?

[CTsalt12]

I'd look on THT and see what rebuilt boats have gone for.  Plenty of them on there in the archives to give you a good reference point.

I may have been WAY Off.  This is pretty darn close,  But looks like it never sold. http://www.thehulltruth.com/boats-sale-wanted/544031-1979-aquasport-22-2-complete-rebuild.html

Seacraft, these seem to hold more value.   http://www.thehulltruth.com/boats-sale-wanted/543321-1979-23-seacraft-rebuilt.html

[fitz73222]

First off, to me the documentation of the build is key. Knowing what went on below decks with pictures, materials, credibility of the shop that did it,rigging, is the key to start the value appraisal. It seems as though that a lot of these builds done by a reputable shop are easily into the $20-$30K plus the engine, aluminum work, jack plates, engine and rigging and they're approaching $40-$50 sitting on a new trailer. Serious money for working folks.

I've also noticed that these boats wind up selling for less than the aggregate cost of the rebuild and upgrades. The costs are competitive with brand new boat prices excluding the Aeons and other high quality knock offs that are going for $70K plus.

Having a restored 22-2 is something to behold but there are boats that do things better depending on your style of fishing and enjoyment. All of my experience with 22-2's with a 12 degree bottom is on the Atlantic side and they do very well in a long period swell with a light chop because they plane off at very low speed and you can ride on top at 22 knots and still get home with your kidneys in tact. 3 foot short period chop, forget it, you're wet and beat you(like you gulf boys endure) some things to consider is why is he selling it and where is the tipping point for price? Adding it all up with good documentation I would think $32k a good starting  point and your ceiling is $39K I've seen these boats on the market for as much as a year, we all see the asking but rarely get to see selling price. So I would be inclined to offer a reasonable low ball and be willing to walk away. Everybody selling wants to find the guy with more money than sense it's just how long are you willing to wait? It looks like a beautiful example of a nice build, the pictures are limited that I'm seeing so ask for the build documentation and if it's there start at the low $30's and leave him your business card. My father taught me be willing to walk away from any deal with a solid offer on the table.

[Aswaff400]

as others have said, its hard to put a price on a rebuilt boat. is say mid 30's to low 40's depending on the exact quality of work, how many years ago it was rebuilt, hours on the motor, and location of the boat.