My father just gave me his 1968 Nauset!!! but need $ est to be fair

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  My father just gave me his 1968 Nauset!!! but need $ est to be fair

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Author Topic:   My father just gave me his 1968 Nauset!!! but need $ est to be fair

frauke75 posted 07-19-2012 01:10 PM ET (US)
Could your help in a ballpark estimate of a :
1968 Nauset Hull, strong running 1973 65HP Johnson and a custom built galvanize float on trailer.
I am not looking to sell. My father is generously giving me his boat (he owned from new) and he wants to be fair to my brother with a similarly valued gift.
This boat has lived in Wisconsin so only fresh water, only used in summer (and I would guess not even ½ of those was it taken out at all, and the summers it was, like no more than like 5 lake trips). Garage kept except for 2 winters but then under a tarp. This and the fact that other than cleaning it once a year it never saw any hull maintenance (No hull waxing no wood varnishing) is the only reason this boat is not better specimen.
The hull is in good shape except for a few nicks, some spider cracks, it is a bit sun faded but has NO water in hull (just replaced through tubes and it was bone dry). It has never had any major damage and is not painted.
The wood interior is currently out of boat and needs restoration but might be shot- still determining. (It is all there though) It currently has a homemade pressure treated lumber (covered with carpet) center console.
... I call this model the “Trailer Whaler”
I thought $4000-$5000 but really do not know so looking for some unbiased estimates.
Please let me know what you think is fair or if you have questions that you would need to know.
I am soooo excited... I always loved this boat and can not wait to get it all restored to how I remember it when I was a kid.
The estimate matters nothing to me as it will never be for sale and is priceless to me.
Thanks Jake
PeteB88 posted 07-19-2012 01:47 PM ET (US)
My dad has been gone since 89 and I think about him every day. What an amazing thing - and to pass the legacy of that boat and all it's journeys on to a son and, maybe one day to your daughter or son.
contender posted 07-19-2012 02:31 PM ET (US)
Pete is correct can not put a price on something like that, Now looking at it from a sales price you are in the ball park (little high) depending on the trailer and how much work the boat needs. Sounds like the hull can be cleaned up,(put a price on your time and materials) the wood needs to be redone or replaced (replaced from mike at nautical lumber around $1000 or more depending on what you want.) The engine is a 1973 if its running and was in fresh water should be in good shape, change the water pump, plugs, lower unit oil, and just tune it up, run it until it dies. Its a nice engine but old and worth about $500. So you have the hull depending on the shape $1000-2000, trailer $500-1000, and the engine $500. So $3000-$4000 with out seeing the boat and parts...When you are redoing a boat things add up quick and they nickel and dime you to death, stuff you do not think about, sand paper, cleaners, brushes, screws, new cables, compass, and on and on. Then there is what do you consider for a boat to be redone, vs. what I would consider to redo a boat... On thing about a whaler, unless you go overboard you will never lose with one...Hope this makes it clear as mud...
Mambo Minnow posted 07-19-2012 04:32 PM ET (US)
Congratulations. My Dad has been gone since 2008 and I have many fond memories on the whaler. I inherited my father's 1984 Montauk 17. I have been raising my two sons and daughters around boating and hope to pass it down to a third generation someday. This is very much on my mind lately as I had heart bypass surgery three weeks ago.
frauke75 posted 07-21-2012 03:29 PM ET (US)
Thanks for the responses guys. I appreciate your sentiments about your fathers and can relate to them as I and my father are very close and this boat holds many fond memories for me. My father is still very much with us but his age is just now starting to … you know... make me think. Hard for me to think about that.
Anyway, the gift of the boat is really just a formality as I moved to a property with lake access 2 years ago and have been the caretaker of it since then.
My brother has no interest in this boat (actually hates it) and I am now old enough to fully understand why. I am a year older and back when we were kids this year made a big difference in our abilities. My father was wonderfully trusting and would often allow us to drive the boat but it was not just for fun, he sometimes really needed the help. … and in those moments tensions could be high and I usually got the nod and when my brother would have a try he did not take both the yelling or kidding very well. I do wish I would not have not been so competitive back then with him.
Anyway I and my father want to be sure he doesn't have another reason to be upset about this boat and is why I was asking about the value. If I know my father (and I do) my brother will be getting something pretty sweet.
Do you think $3500 for it in its current state is fare?
Thanks,
Jake
Tom W Clark posted 07-21-2012 04:09 PM ET (US)
I was going to say $3000-$4000 so yes, I think $3500 is reasonable.
PeteB88 posted 07-21-2012 06:20 PM ET (US)
I never knew how nasty things can get in these situations until a few years ago and hope that's not the case for your family. I don't have a brother and always wish I did so I am sure you will work it out, a Whaler with all that history, your dad's still around and you have fam. I think I would emphasize to your brother this is a very special time where your dad is at that point in his life where he is leaving his legacy and part of himself to each of you - My mom did that to some degree, my mother-in-law too and it is a deeply personal time. We made it fun and easy with my mom but that didn't continue after she passed. So work it out now and keep it easy.
Since condition is not clear, if it were mine I'd begin a slow process to bring all the bright work back to awesome, while he's still able to enjoy your dedication to the boat. If varnish is not too far gone, it's really pretty easy. Check Buckda's photos in Marketplace of the boat he just redid and there's plenty of information that Jim has kept as reference for all of us to use. Tom probably gave you a realistic value (without seeing it or having it surveyed). A different motor changes things somewhat.

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Author	Topic: My father just gave me his 1968 Nauset!!! but need $ est to be fair
frauke75	posted 07-19-2012 01:10 PM ET (US) Could your help in a ballpark estimate of a : 1968 Nauset Hull, strong running 1973 65HP Johnson and a custom built galvanize float on trailer. I am not looking to sell. My father is generously giving me his boat (he owned from new) and he wants to be fair to my brother with a similarly valued gift. This boat has lived in Wisconsin so only fresh water, only used in summer (and I would guess not even ½ of those was it taken out at all, and the summers it was, like no more than like 5 lake trips). Garage kept except for 2 winters but then under a tarp. This and the fact that other than cleaning it once a year it never saw any hull maintenance (No hull waxing no wood varnishing) is the only reason this boat is not better specimen. The hull is in good shape except for a few nicks, some spider cracks, it is a bit sun faded but has NO water in hull (just replaced through tubes and it was bone dry). It has never had any major damage and is not painted. The wood interior is currently out of boat and needs restoration but might be shot- still determining. (It is all there though) It currently has a homemade pressure treated lumber (covered with carpet) center console. ... I call this model the “Trailer Whaler” I thought $4000-$5000 but really do not know so looking for some unbiased estimates. Please let me know what you think is fair or if you have questions that you would need to know. I am soooo excited... I always loved this boat and can not wait to get it all restored to how I remember it when I was a kid. The estimate matters nothing to me as it will never be for sale and is priceless to me. Thanks Jake
PeteB88	posted 07-19-2012 01:47 PM ET (US) My dad has been gone since 89 and I think about him every day. What an amazing thing - and to pass the legacy of that boat and all it's journeys on to a son and, maybe one day to your daughter or son.
contender	posted 07-19-2012 02:31 PM ET (US) Pete is correct can not put a price on something like that, Now looking at it from a sales price you are in the ball park (little high) depending on the trailer and how much work the boat needs. Sounds like the hull can be cleaned up,(put a price on your time and materials) the wood needs to be redone or replaced (replaced from mike at nautical lumber around $1000 or more depending on what you want.) The engine is a 1973 if its running and was in fresh water should be in good shape, change the water pump, plugs, lower unit oil, and just tune it up, run it until it dies. Its a nice engine but old and worth about $500. So you have the hull depending on the shape $1000-2000, trailer $500-1000, and the engine $500. So $3000-$4000 with out seeing the boat and parts...When you are redoing a boat things add up quick and they nickel and dime you to death, stuff you do not think about, sand paper, cleaners, brushes, screws, new cables, compass, and on and on. Then there is what do you consider for a boat to be redone, vs. what I would consider to redo a boat... On thing about a whaler, unless you go overboard you will never lose with one...Hope this makes it clear as mud...
Mambo Minnow	posted 07-19-2012 04:32 PM ET (US) Congratulations. My Dad has been gone since 2008 and I have many fond memories on the whaler. I inherited my father's 1984 Montauk 17. I have been raising my two sons and daughters around boating and hope to pass it down to a third generation someday. This is very much on my mind lately as I had heart bypass surgery three weeks ago.
frauke75	posted 07-21-2012 03:29 PM ET (US) Thanks for the responses guys. I appreciate your sentiments about your fathers and can relate to them as I and my father are very close and this boat holds many fond memories for me. My father is still very much with us but his age is just now starting to … you know... make me think. Hard for me to think about that. Anyway, the gift of the boat is really just a formality as I moved to a property with lake access 2 years ago and have been the caretaker of it since then. My brother has no interest in this boat (actually hates it) and I am now old enough to fully understand why. I am a year older and back when we were kids this year made a big difference in our abilities. My father was wonderfully trusting and would often allow us to drive the boat but it was not just for fun, he sometimes really needed the help. … and in those moments tensions could be high and I usually got the nod and when my brother would have a try he did not take both the yelling or kidding very well. I do wish I would not have not been so competitive back then with him. Anyway I and my father want to be sure he doesn't have another reason to be upset about this boat and is why I was asking about the value. If I know my father (and I do) my brother will be getting something pretty sweet. Do you think $3500 for it in its current state is fare? Thanks, Jake
Tom W Clark	posted 07-21-2012 04:09 PM ET (US) I was going to say $3000-$4000 so yes, I think $3500 is reasonable.
PeteB88	posted 07-21-2012 06:20 PM ET (US) I never knew how nasty things can get in these situations until a few years ago and hope that's not the case for your family. I don't have a brother and always wish I did so I am sure you will work it out, a Whaler with all that history, your dad's still around and you have fam. I think I would emphasize to your brother this is a very special time where your dad is at that point in his life where he is leaving his legacy and part of himself to each of you - My mom did that to some degree, my mother-in-law too and it is a deeply personal time. We made it fun and easy with my mom but that didn't continue after she passed. So work it out now and keep it easy. Since condition is not clear, if it were mine I'd begin a slow process to bring all the bright work back to awesome, while he's still able to enjoy your dedication to the boat. If varnish is not too far gone, it's really pretty easy. Check Buckda's photos in Marketplace of the boat he just redid and there's plenty of information that Jim has kept as reference for all of us to use. Tom probably gave you a realistic value (without seeing it or having it surveyed). A different motor changes things somewhat.