COST: OF MY BOAT AND SLIP IN SB.

large photo Photo 1
large photo New Canvass March 2019
A BOAT SIMILAR TO MINE….

Price just reduced

Year:
1981
Length:
34′
Engine/Fuel Type:
Twin / diesel
Located In:
Lacombe, LA
Hull Material:
Fiberglass
Current Price:
US$ 45,000

OWNER SAYS IT’S TIME TO SELL!  All offers considered.

“St. AUG” is one of the few Trawler-style boats BUILT IN THE UNITED STATES. She has a large fly bridge, wide side decks, a nice cockpit and a spacious cabin with a true nautical feel.

ECONOMICAL: At 7-9 knots, you will average about 2 miles per gallon.

All new inside and outside cushions in March, 2019 .  NEW BIMINI!  2019

A traditional style trawler and a still popular family cruiser. This particular trawler features the two cabin layout with the galley up and has been well maintained and cared for. Galley has three-burner electric stove top and electric oven.  Side by side Freezer and Refrigerator offer plenty of cold storage opportunities.

“St. AUG” is a special example of this sought after model.  When you need speed, she can get you where you want to go at a respectable 22 knots.  Otherwise she cruises cocktail speed at 15-16 knots.

Whether you are looking for a boat for extended cruising, weekending or just spending time on the water with family and friends, you owe it to yourself to sneak-a-peek.  If you are considering the challenge of the “Loop”, you will definitely not want to miss her.

This vessel has the highly desirable Twin Caterpillar 3208 Diesel Engines. She is also equipped with a 7.5kw Onan Diesel Generator.

Forward is a V-berth that sleeps three and hanging locker to starboard.  The head with separate shower on starboard and opposite you have the port side double berth cabin.

 Fly bridge (Upper helm) is comfortable and spacious giving a great view to the open water.  Lower helm has a fold down helm seat with side door starboard.

 This boat is very similar to mine….

A bit of history. Boat seller was anxious to sell. I knew nothing about this particular boat -or power boating in general- but was interested in buying. For a place to live. And the boat was already a designated a “live a board.”.  Two years ago the boat and slip were listed for $160,000.00. With no, zip, nada response the owner took the boat off the market and she languished in the harbor. The boat was used-infrequently -while the owners sorted out their lives in different states. The upshot was four years of benign neglect- not terrible care, but not a lot of attention either. Pigeons felt free to roost on the Bimini, blue and white stripped curtains took on mold, and exterior bright work peeled.  Problems -not in the boat-but health issues for of one of the owners- precipitated a sudden eagerness to sell. The owner wanted $100,000.00 for the boat and slip. I asked if she and her husband would consider $95,000.00. Why I picked that number, I honestly have no idea. In retrospect, it may have been the thought that one never paid asking price for anything. My parents frugality popping thru to the deal? Who knows. They quickly accepted the offer….

I had not planned on buying a boat, so had to think quickly about how to finance. Originally I proposed giving her $56,000.00 in cash and we would agree on a monthly payment plan to cover the rest. However, another option popped into my mind. I owned a tiny condo-free and clear-in a very trendy area of downtown Minneapolis.  Near Washington Avenue with a staggering view of our new US Bank Stadium, and located in a part of the city that grew more popular and populous with each passing day.  Home to exciting brewery concepts started by bearded hipsters, new style food eateries with oddball but intriguing menus popular with non cooks, and yoga- hot, twisty and regular- plus upscale gyms for the muscled, and want to be muscled.

The condo sold in a flash and I was able to use the mortgage money- $120,000.00- for the boat and slip purchase, plus related expenses. The seller was very forthcoming about what it would actually cost to buy the boat, and I based the size of the mortgage on that information. She was off by about two grand, but that number was manageable.

What the boat cost. Please note the SB harbor is unique. And expensive. Your harbor may be totally different. This is just information.

$75,000.00. To owner of boat for the 35’ slip in Marina #1. My slip is directly behind a row of fat old 35-40’ fishing boats. Many of those critters fire up their engines at 4:30 am on nice days- so the location is bit noisy until you get used to the racket. But upside, the slip is very close to the marina entry, plus the bath and shower facilities. The slip  alone was valued at $75,000.00- and made the whole deal worthwhile. Though…rumor this year is that slip values are dropping. Rumor mills are notorious in the harbor so will keep you posted.

$20,000.00 to the owner for the 34’ trawler, a 1981 Marshall Californian. Price I paid was pretty average that model and vintage. I have included information on a similar boat above, but her engines and overall condition are significantly better than mine. Which I think accounts for her price of $45,000.00.

$17,282.00 transfer fees paid to city of SB. These fees are high when compared to other harbors. But more to be said in a later blog. About what we get for that money.

$750.00 Mike Pyzel for the  original Marine Survey. Plus additional $320.00 for follow-up meeting.

$500.00 for Engine survey. Each engine was surveyed separately.

$308.00 to Jim Wulff for Sea Trial. The boat-with owner, hired captain-Jim Wulff, both the marine and engine surveyors- all hop on the boat and go out to sea. The goal: to determine seaworthiness of vessel. She passed. By the skin of her teeth.

$1, 740.00 x for yearly taxes on boat and slip. Paid to Harry Hagen yearly.

$890.00 Boats US for boat insurance. This amount keeps increasing yearly. NOTE: US Boats was purchased by Geico and satisfaction is not what it used to be….

$1, 062.00  For two months rent in harbor including “live aboard permit” which is added to monthly harbor use fee (like condo dues), and paid monthly.

$ 90.00  For 1 year harbor vehicle parking permit.

TOTAL: $117,942.00. Pretty darn close to the anticipated $120,000.00 figure.

NEXT: WHAT DOES “LIVE A BOARD” MONTHLY FEE BUY?

MONTHLY EXPENSES TO LIVE IN HARBOR?

WHAT IS A MARINE SURVEY AND WHY IS IT VALUABLE?

WHY PAY FOR AN ENGINE SURVEY?