1962 CHRIS CRAFT CONSTELLATION 55 - Ken Henry ... CHRIS CRAFT CONSTELLATION 55 Capt. Phineas T....

1962 CHRIS CRAFT CONSTELLATION 55

Capt. Phineas T. McHenry, Ltd.

Marine Surveyor

38 Oak Hill Lane

Elkton, MD 21921

410-287-2028

Capt. Phineas T. McHenry, Ltd. MARINE SURVEYORMARINE CONSULTANT

38 OAK HILL LANEELKTON, MD 21921

410-287-2028

APPRAISAL REPORT

REPORT NO. xxxx xxx 12, 20xx

TO WHOM IT MAY CONCERN: This is to certify that the undersigned surveyor at the request

of xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx, attended

the powerboat in the water at xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx,

xxxxx, on the 12th day ofxxxx in the year 20xx, and did survey said vessel for Ms. xxxxxx, while

representing her interest in obtaining an appraised value for said vessel.

The vessel is a Chris Craft Constellation 55, built by Chris Craft Boats, located at 8161 15th

Street East, Sarasota, Florida, 34243, (telephone number 941-351-4900), in the year 1962, as hull

number xxxxxxxxxxx. The Maryland hull identification number is xxxxxxxxxxxxx The vessel’s

approximate measurements are: LOA 55’6”, BEAM 14’9”, DRAFT 3’7” and WEIGHT 45,239

lbs. The vessel’s documentation number is xxxxxxxxxxxxx.

ALL MAJOR HULL MEMBERS, wherever accessible, together with all surfaces, joints, bonds,

fillets, webs, bulkheads, and hard curve areas were carefully inspected with particular care being

devoted to areas of normal stress concentrations and possible bulkheads or other hard spots. Field

methods of sounding and visual sighting were used.

HULL CONSTRUCTION: the vessel was built with mahogany planks over hand sawn oak

stem and Philippine mahogany frames. The frames are 1 3/8” x 3 1/2” white oak. The bottom ribs

are 3 1/2” x 2 3/4” white oak. The decks are mahogany. The hull planks are fastened with silicone

bronze screws. The batten seams are 7/8” Philippine mahogany. I have noted the following:

a) The stem appears to be solid and in good condition.

b) The engine bed stringers are 5” x 8”. All appear to be in good condition with no signs of

structural fatigue.

c) The white oak deck beams appear to be in good, structural condition.

MEMBER ABYC and ASNT SOCIETY OF ACCREDITED MARINE SURVEYORS

INTERNATIONAL INSTITUTE OF MARINE SURVEYING

Capt. Phineas McHenry, Ltd.

Marine Surveyor MAY 12, 2014

APPRAISAL REPORT #xxxx PAGE 2 of 12

HULL CONSTRUCTION (cont.)

d) The ribs that were accessible appears to be in satisfactory condition.

e) The hull battens on the port side by the keel are in satisfactory condition.

f) The foredeck appears to be solid.

g) Both the port and starboard side catwalks appear to be in good, structural condition.

h) The cabin top appears to be solid. However, I did note a few small areas that are going soft.

i) The aft edge of the hard top is soft.

j) The underside of aft deck hardtop is not finished out. There is also water stain and peeling

varnish.





k) Around the aft deck enclosure there is rotted wood at the base of the enclosure mostly around

the doorways.





l) The hull runs fair, from what was accessible for inspection.

m) The transom was recently replaced and is in very good condition.

n) The hull to deck seam appears to be in good condition with no signs of separation.

o) The bulkheads appears to be solid and in satisfactory condition.

p) All deck beams appear to be solid with no signs of cracking or structural weakness.

q) All vertical supports appear to be in good order.

r) The interior was torn up.





MACHINERY: said vessel is powered by twin GM fresh water cooled, diesel engines. The port

engine’s serial number is xxxxxxxx. The starboard engine’s serial number is xxxxxxxxxxxx. The

serial numbers were found off old paper work and are not on the engines. I have noted the

following:

a) The water intake hoses, circulation hoses, and exhaust hoses are in fair condition.

b) The risers are in fair condition.

c) The linkage appears to be in good condition.

d) The motor mounts are the solid type.




GENERATOR: 10 kW Kohler diesel generator, serial number xxxx. I have noted the following:

a) The water intake hose is in fair condition. The hose is double hose clamped.

b) The exhaust hoses are in fair condition. The exhaust system is double hose clamped, except at

the exit port.

c) The down pipe and exhaust nipple are in satisfactory condition.

d) The fiberglass muffler is in good condition.

e) The starter cable end is covered.

STEERING SYSTEM: mechanical worm wheel steering system. The tie rod arm is rusted at

the forked ends. The steering system appears to be in fair condition, from what was accessible for

inspection.

ELECTRONICS: the vessel is equipped with a Standard horizon VHF, Standard Horizon depth

finder, Bendix autopilot, and Standard Horizon 155C GPS.

RUDDERS: not accessible; in the water survey.

PROPS: n/a




SHAFTS: n/a

STRUTS: n/a

SHAFT PACKING GLANDS: compression type packing glands. The packing glands have

ample adjustment. The rubber is in fair condition. The units are double hose clamped.

VENTILATION: does meet all requirements as per U.S.C.G. regulation 183.620 and ABYC

standard H-2.5.4.1. The ventilation system is natural forced air.

FUEL SYSTEM: the vessel is equipped with two steel fuel tanks at 400 gallons total. I have

noted the following:

a) The deck fill ports are not properly marked as per ABYC standard H-33.12.2.

b) The tanks are vented. The vent lines are solid copper tubing which are in satisfactory

condition.

c) The fuel tanks are not grounded.

d) The fuel fill hoses are A-2. Both ends of the hoses are double hose clamped.

e) It could not be determined the rating on the fuel feed hoses.

f) The fuel system is equipped with fuel shut off valves.




ELECTRICAL:

12 and 32 VOLT SYSTEMS - negative ground system with household type breaker panel, Perko

battery switches, a 10 amp C-Charger battery charger, and a Sentry 32 volt battery charger. I have

noted the following:

a) The vessel is equipped with eight 8 volt batteries and one 8-D battery.

b) The batteries are not properly secured to the hull as per ABYC standard E-10.7.4. The positive

terminal ends are covered as per ABYC standard E-11.5.2.7.5. The batteries are sitting on a

wood shelf.

c) I did detect several wiring violations and/or safety hazards with the 12 volt system.

120 VOLT SYSTEM – split 30 amp single phase system with a household type circuit breaker

box with glass screw fuses. The wiring does not meet ABYC standard E-11.

GALLEY: the galley is equipped with the following:

a) Double stainless steel sinks with a faucet for hot and cold pressurized water. The drain hose is

in fair condition.

b) The 120 volt Diplomat refrigerator is well secured to the hull.

c) The apartment type propane 4 burner stove with oven needs to be removed from vessel.




HEADS: the vessel is equipped with three electric marine toilets.

DECK HARDWARE: the deck hardware appears to be well secured to the deck.

NAVIGATION LIGHTS: need to be updated.

PORTS AND HATCHES: the hatches, ports, sliding windows, and fixed windows appear to be

in satisfactory condition. Side door on port side is rotted at the bottom.

GROUND TACKLE: Danforth anchor with 5/8” three-strand nylon line. The ground tackle is

in fair condition. The ground tackle is properly sized for said vessel.




WINDLASS: 12 volt windlass, which appears to have been properly installed and well secured.

SWIM PLATFORM: grid platform, which is well secured.

CANVAS: hard top with panels, which are in satisfactory condition.

DOCUMENTATION NUMBER




COMMENTS

The vessel was inspected in the water. From standing dock side, the hull appears to run fair with

all the planks formed together in smooth lines.

It does appear that the vessel is undergoing renovation, and there are items throughout the vessel

that have been replaced and/or repaired. However, there is still a lot more to do before the vessel

will be sea worthy.

CONCLUSION

Said vessel is suitable for manufacturer’s intended purpose.

With consideration given to the condition of the vessel, optional equipment, market condition, the

use of the BUC Book, it is hereby my professional opinion that an appraised value for said vessel

can be placed at $47,500.00.

This report is for the sole purpose of this report is to determine a fair market value and is in no

way to be used for consideration as financing or insurance purposes.

JUSTIFICATION OF APPRAISED VALUE

BUC book has six categories from “Excellent” to “Restorable.” The purpose of my inspection is

to determine the condition of vessel, equipment, and options in order to determine which category

would applied to said vessel. The one category down from BUC condition (ready for sale

requiring no additional work and normally equipped for its size) is Fair (requires usual

maintenance to prepare for sale). The next category down would be Poor (substantial yard work

required and devoid of extras. The last category is Restorable (enough of hull and engine exists to

restore the boat to useable condition.)

After my inspection, I evaluated said vessel in the Poor category. The low end is $45,000 and the

top end is $50,000. I averaged the two prices and appraised this vessel at $47,500.00.

Capt. Phineas T. McHenry, Ltd. MARINE SURVEYORMARINE CONSULTANT

38 OAK HILL LANEELKTON, MD 21921

410-287-2028


DISCLAIMER

My inspection of this vessel represents reasonable care and skill, but does not include inspection

of the engines or those sections requiring structural removals and disassembling. My conclusion

does not constitute a guarantee or warranty of the vessel’s condition or of its parts, but it is an

expression of my opinion only. No liability is assumed by me for errors of judgment or omission,

or for subsequent structural or mechanical weakness in the vessel.

This report should be considered as an entire document. No single section is meant to be used,

except as part of the whole. It is current to the named client for 30 days of undisturbed layup of

the vessel’s first use. Subsequent updating and transfer of the survey is solely the right of the

surveyor.

The content of this report remains the sole property of said marine surveyor and may not be used

without the author of the survey written permission. The use of this report shall constitute an

acceptance of the above mentioned conditions.

REPORT SIGNED AND SUBMITTED WITHOUT PREJUDICE

Kenneth E. Henry, Sr., AMS #370

Marine Surveyor

MEMBER ABYC and ASNT SOCIETY OF ACCREDITED MARINE SURVEYORS

INTERNATIONAL INSTITUTE OF MARINE SURVEYING

1962 CHRIS CRAFT CONSTELLATION 55 - Ken Henry ... CHRIS CRAFT CONSTELLATION 55 Capt. Phineas T....

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