SILVERTON 38 EXPRESS

PLEASE READ TERMS OF SALE CAREFULLY THERE IS A $ 150.00 DOCUMENTATION FEETHANKS FOR YOUR INTEREST IN MY AUCTIONS. THIS IS A NO RESERVE AUCTION, HIGHEST BIDDER WINS. I AM A NATIONAL BOAT/CAR/AIRCRAFT CONSIGNOR, THEREFORE I AM NOT IN DIRECT POSSESSION OF THIS ITEM. AS PER THESE TERMS, I WILL NOT BE ABLE TO MEET WITH YOU TO COMPLETE YOUR PURCHASE. YOUR ITEM MUST BE PAID FOR IN FULL FIRST, I WILL THEN TRANSFER OWNERSHIP DOCUMENTATION, GIVE YOU THE ITEM LOCATION AND HELP COORDINATE ITEM PICK-UP.THE LISTING DESCRIPTION IS BASED ON THE OWNERS STATEMENTS AS WELL AS OUR VISUAL INSPECTION. THE EQUIPMENT AND /OR MACHINERY SYSTEMS INCLUDED IN THESE VEHICLES ARE NOT ALWAYS TRAIL TESTED OR VERIFIED IN WORKING CONDITION. WHENEVER POSSIBLE, SYSTEMS TESTED AND VERIFIED WILL BE REPORTED BY OUR INSPECTION ACCORDINGLY. ALL VEHICLES AND OR ITEMS ARE SOLD IN "AS-IS, WHERE-IS CONDITIONS.THIS IS A "SIGHT-UNSEEN-AUCTION" THE ITEMS AND OR VEHICLES ARE NOT AVAILABLE FOR PERSONAL INSPECTION BY THE BIDDER. IT IS VITALLY IMPORTANT THAT THE BIDDER FULLY UNDERSTAND THE TERMS AND CONDITIONS OF THIS AUCTION BEFORE BIDDING. ALL BIDDERS MUST USE THE classifieds board EMAIL SYSTEM FOR QUESTIONS AND INFORMATION SO THAT THERE IS A FULL RECORD OF CORRESPONDENCE.NEW TO classifieds board USERS WITH LESS THAN 5 POSITIVE FEEDBACK MUST BE APPROVED TO BID. BIDDING WITHOUT FIRST CONTACTING ME MAY CAUSE YOUR BID TO BE CANCELLED WITHOUT NOTICE. BIDDERS WITH 0 TO 4 FEEDBACKS MUST EMAIL PRIOR TO PLACING A BID. YOUR TELEPHONE NUMBER MUST BE INCLUDED SO THAT WE MAY COMMUNICATE IN PERSON TO APPROVE YOUR BIDDING.BIDDERS MUST HAVE THEIR OWN PAYPAL ACCOUNT. THE BIDDERS PAYPAL PROFILE WILL BE USED TO VERIFY IDENTITY. THERE IS A NON-REFUNDABLE FEE OF $150.00 USD REQUIRED. THIS FEE MUST BE PAID THRU PAYPAL. THE FINAL SALE PRICE CAN NOT BE PAID WITH PAYPAL. WIRE TRANSFERS OR CERTIFIED FUNDS ARE THE ONLY ACCEPTED FORMS OF FINAL PRICE PAYMENT.ALL VEHICLES / ITEMS MUST BE PAID IN FULL WITHIN THREE DAYS OF THE AUCTION CLOSING. THE VEHICLES/ITEMS MUST BE PICKED-UP WITHIN 7 DAYS OF AUCTION CLOSING AS WELL. BIDDERS MUST MAKE PRIOR ARRANGEMENTS FOR STORAGE IF IT IS LOGISTICALLY IMPOSSIBLE TO MEET ITEM REMOVAL TERMS. ADDITIONAL STORAGE FEE WILL APPLY.THERE IS A $150 PROCESSING FEE

1991 38 SILVERTON EXPRESS SEDAN CRUISER POWERED BY TWIN 502 CRUSADER GASOLINE BB V-8'S.THIS VESSEL IS OUT OF THE WATER IN A MARINA WORK YARD AND WILL REQUIRE NEW ZINCS AND THE PROPS WILL NEED TO BE SERVICED OR REPLACED, THIS VESSEL WAS SURVEYED ON JULY 5 2017 ESTIMATED MARKET VALUE: $26,000.00 THE SURVEY IS AVAILABLE UPON REQUEST, EXCERPTS FROM SURVEY,

NAME OF VESSEL: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Tresea Ann

TYPE OF SURVEY: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Fair Market Appraisal only

OVERALL VESSEL RATING : . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . **** AVERAGE

ESTIMATED MARKET VALUE: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 26,000.00

ESTIMATED REPLACEMENT COST: . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 513,500.00

YEAR/MAKE/MODEL OF VESSEL: . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1991 Silverton 38 Express

YEAR BUILT: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . *** 1991

HULL IDENTIFICATION NUMBER (HIN): . . . . . . . . . . . . . . . . . . . . . . STNL0007E091

HAILING PORT: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Palmetto, FL

USCG DOCUMENTATION NUMBER: . . . . . . . . . . . . . . . . . . . . . . . . . 976919

USCG DOCUMENTED FOR: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . *** Recreational

STATE REGISTRATION NUMBER: . . . . . . . . . . . . . . . . . . . . . . . . . . . . DO976919 Florida registration

OWNER'S NAME: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . *** THOMAS

PLACE OF SURVEY: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . , FL

DATE/TIME OF SURVEY: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . July 5, 2017

HULL MATERIAL: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . FRP (Fiber Reinforced Plastic)

HULL TYPE: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Planing, Modified-V

LENGTH OVER ALL (L.O.A).: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ***** 37' 7"

BEAM: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ***** 13' 11"

DRAFT: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ***** 3' 7"

DISPLACEMENT: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ***** 21,000 lbs

GROSS TONS: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . *** 27

NET TONS: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . *** 21

PROPULSION SYSTEM: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Twin Crusader 502 gas inboards, 405 hp each

Port S/N- W-8020

Stbd S/N - W-8008

Reportedly rebuilt in 2015

FUEL TYPE: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Gasoline

FUEL CAPACITY: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 300 gallons

AC POWER: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Yes, Two (2) 125 volt, 30 amp inlets

DC POWER: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Yes, 12 volt.

FRESH WATER CAPACITY: . . . . . . . . . . . . . . . . . . . . . 110 gallons

HOLDING TANK: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Yes, USCG marine sanitation device type III, holding tank

INTENDED USE: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Recreational cruising

SYSTEMS

HULL DECK AND SUPERSTRUCTURE

HULL CONSTRUCTIONTYPE:

Modified V, planing type. The hull is constructed of a fiberglass reinforced plastic (FRP) laminate, finished with gel coat

above the waterline and an anti fouling paint below. The decks are constructed of an FRP cored laminate, finished with

gel coat and a nonskid texture along the working surfaces. The cosmetic condition of the superstructure was found to be

in average condition for her vintage. The partitions, bulkheads and hull to deck joints were inspected where accessible

and found to show no visual signs of weakness due to flexing or separation of their fastenings. Hull to deck joint was of

the overlap type construction, with stainless fasteners, observed in the chain locker, forward.

BULKHEADS:

Athwartships reinforcement enhanced by cored FRP bulkheads bonded to the hull with FRP (fiber reinforced

plastic). Appears serviceable where sighted.

STRINGERS:

Hull stiffness provided by FRP encapsulated longitudinal stringers. Complete inspection not possible due to

limited access. Appears serviceable where observed.

TRANSOM:

FRP transom with swim platform. Serviceable.

BILGE:

Generally clean

CHAIN LOCKER (DRAINAGE):

The chain locker is forward with drainage topsides. Serviceable.

LIMBER HOLES:

Limber holes are of adequate size and clear where sighted.

DECK CONSTRUCTION

TYPE:

Molded and cored FRP (fiber reinforced plastic) with white gelcoat and non-skid surface.

COCKPIT:

Cored FRP with molded in non skid, serviceable.

DECK FITTINGS

BOW PULPIT (BOW RAIL):

Welded stainless steel bow rail, serviceable.

VENTILATION:

Provided by portlights/hatches - serviceable. Forwad hatch is 20 x 20", doubles as emergency exit.

SCUPPERS:

Cockpit and decks drain overboard. No scuppers sighted.

WINDLASS/GROUND TACKLE:

PowerWinch 12 volt windlass securely mounted at foredeck with switching at the helm. Ground

tackle observed on vessel was an adequate Danforth type anchor, with a nylon rode. Serviceable.

HAWSE PIPES:

One, (1) forward above the chain locker, appears to be stainless. Serviceable.

CLEATS:

6 stainless steel cleats, thru bolted and serviceable.

ADDITIONAL EQUIPMENT AND ACCESSORIES

CANVAS AND COVERS:

Tan camper top covers the cockpit with eisenglass forward above the windshield.

FENDERS:

An adequate array of fenders were observed on board the vessel at the time of survey.

DOCK LINES:

An adequate array of dock lines were observed on vessel at the time of survey.

CABIN APPOINTMENTS

FLOOR AND WINDOW COVERINGS:

Carpet for the cabin sole, vinyl type headliner.

HEADS:

Vessel is equipped with an electric flush head to starboard, aft salon area. Operable. System included a

polypropolene holding tank, located centerline below the salon sole. Raw water supply seacock and waste discharge seacock were bronze and operable, located below the salons sole centerline Holding tank is USCG marine sanitationdevice type III.

SHOWERS:

Head is equipped with separate stall shower. Drainage is to plastic sump, located centerline below cabin sole.

Equipped with Rule 800 bilge pump, discharge is topsides. Serviceable.

FRESH WATER SYSTEM:

The faucet fixtures and sinks were operable. Two aluminum freshwater storage tanks in the aft bilge.

The vessel is equipped with a 19 gallon water heater, located forward engine compartment, was turned on and was foundto be operable. Water heater was not labeled ignition protected. Water pressure supplied by a 12 volt Shurflo pump within line strainer.

LIGHT FIXTURES:

12 volt cabin lights throughout the vessel were operable.

AIR CONDITIONING UNITS:

Two Climaa units, one port salon area, and one below the forward berth. Aft unit was inaccessible

without dissassembly for inspection, but was controlled with digital controls, and was found to be serviceable. Forwardunit was inspected below bunk, found to be serviceable. Raw water supply was located in the engine compartment, abronze ball valve with double clamped hose, operable valve connected to a March 110 volt pump, labeled ignitionprotected. Discharge was port and starboard topsides. System was serviceable.

TELEVISIONS:

A 20" Vizio TV in the forward stateroom.

STEREO, ETC.:

West Marine WM7000 unit in the salon, powers up.

GALLEY

LOCATION: The galley is located to port upon entrance to the main cabin area. Equipped with Haier refrigerator, a Kenyon two

burner electric stove, a West Bend microwave, and a single stainless basin with drainage to topsides. All powered up and

were found to be operable.

PROPULSION

MAIN ENGINES

TYPE:

Two gas powered V-8 engines by Crusader, 502ci models, rated at 405 hp each. Engines were reportedly rebuilt in 2015.

SERIAL NUMBERS:

Port - W-8020

Stbd - W-8008

INDICATED HOURS:

The owner reported the engines have 40 hours since they were rebuilt. No hourmeters sighted.

THROTTLE CONTROLS:

Morse mechanical lever/cable type. Serviceable.

FLAME ARRESTOR:

Yes, labeled USCG approved.

ENGINE MOUNTS AND BED:

FRP stringers port and starboard. In conjunction, adjustable motor mounts are bolted to the

stringers and are used to align the engine to the hull stringer structure. Serviceable.

LUBRICATION:

Normal level observed.

VENTILATION:

Power blowers were operable. Natural ventilation provided by topsides vents, port and starboard.

EXHAUST SYSTEM:

Raw water cooled, double clamped and serviceable.

ENGINE SHUT DOWN:

Key switches, clearly marked at helm station.

IGNITION PROTECTION:

Starters, alternators, fuel pumps, carburetors and distributors were of the marine design. Bilge

pumps, and battery charger were labeled ignition protected.

COOLING SYSTEM

TYPE:

Raw water, direct cooling.

RAW WATER STRAINERS:

Bronze alloy sea strainers in engine compartment. Sea cocks were bronze and operable, hose was

double clamped and serviceable.

HOSES AND CLAMPS:

Re-inforced rubber hose double clamped and well routed and supported, where sighted.

BELTS AND PULLEYS:

Belts condition appears serviceable. Carry spares on vessel at all times.

TRANSMISSIONS

TYPE:

V-drives by Borg Warner, data plates were not legible.

CONTROLS:

Morse type mechanical cable and linkage.

PACKING GLAND:

Bronze hex nut packing glands with four stainless steel clamps found to be in serviceable condition.

FUEL SYSTEM

MAIN ENGINE(S) FUEL SYSTEM

FUEL TYPE:

Gasoline. Two aluminum tanks, mounted port and starboard outboard engine compartment were observed onvessel. Securely mounted. Deck fills were port and starboard side deck, clearly marked for GAS. Spin on fuel waterseparating filters were observed for both engines and genset.

FILL PIPE GROUNDED:

Not sighted due to access.

ELECTRICAL SYSTEMS

ELECTRICAL SYSTEM (D.C. SYSTEM)

VOLTAGE:

Lead acid battery powered 12 volt system. Four lead acid group 27 batteries, mounted centerline engine

compartment in boxes with lids. Batteries capacities were 650 CCA each and dated December 2016.

PANEL:

The main DC panel is located port at the companionway, equipped with main breaker and individually labeled branch

breakers. Also equipped with voltage and amperage analog gauges.

TYPE CONNECTORS:

Round, captive type where observed. Serviceable.

ROUTING/SUPPORT:

Well supported and secured where sighted.

CHARGING SYSTEM (BATTERY CHARGER):

12 volt 60 amp battery charger by Abso, serviceable.

CHARGING SYSTEM (ALTERNATOR):

Two belt driven alternators, appear serviceable.

ELECTRICAL SYSTEM (A.C. SYSTEM)

SHORE POWER INLET:

Two Marinco 30 amp, 125 volt inlets located starboard transom, with pushbutton breakers adjacent.

Two 30 amp cords were observed on vessel, serviceable. Main electrical pael was equipped with rotary type sourceselector switch, two main breakers, individually labeled branch breakers, voltage and amperage analog gauges, andreversed polarity indicators. Outlets were checked and the polarity was found to be normal, operable GFCI outlets wereobserved in head and galley.

ROUTING:

Well routed and supported where sighted.

GALVANIC ISOLATOR:

Galvanic isolator by Quicksilver.

GENERATORS AND INVERTERS

TYPE:

Generator driven by gasoline powered engine. Onan m/n 6.5MCE, s/n D900314311. Generator was reported to beinoperable.

KILOWATT RATING:

6.5 kw

LOCATION:

Centerline aft engine compartment.

FLUID LEVELS:

Coolant normal. Oil normal.

EXHAUST SYSTEM:

Aqualift type with rubber hose, double clamped and supported, serviceable.

FLAME ARRESTOR:

Yes, labeled USCG approved.

SANITATION

SANITATION (GREY WATER)

BASINS, SHOWERS, HOSES AND CLAMPS:

The basins on the vessel drain to topside thru-hulls in immediate area of basin. Theshower on this vessel drains to a sump and is pumped overboard topsides. Hoses and clamps are serviceable.

STEERING SYSTEM

TYPE:

Hydraulic, by SeaStar, (Teleflex)

PACKING GLAND:

Bronze hex nut type packing gland. Appeared serviceable. Monitor frequently.

SAFETY EQUIPMENT

SAFETY EQUIPMENT (UNITED STATES COAST GUARD)

NOTE: This inspection was performed for the purposes of appraisal only, captain is advised to check safety equipment onvessel before each and every trip.

AUXILIARY SAFETY EQUIPMENT

BILGE WATER ALARM AND SAFETY SWITCHES:

None sighted

FIXED FIRE EXTINGUISHING SYSTEM (HALON TYPE):

Yes in engine compartment type 1301. Automatic thermal activation switch.Inspection tag is not current.

FUME SNIFFER ALARM SYSTEMS:

No carbon monoxide detectors observed on vessel. Carbon monoxide fume detectors arehighly recommended.

BILGE PUMPSLIST: Atwood 1200 forward engine compartment and a Rule 2000 aft bilge, both wired to operate off of float switches andswitching at the main panel, operable.

BELOW WATERLINE MACHINERY

NOTE: Out of water inspection was not performed during this survey. Fair market value shown in this report is contingent

upon a satisfactory out of water inspection.

NOTE: The bottom paint was reportedly last renewed December 2016.

SEATRIAL REPORT

INTRODUCTION: A true seatrial was not requested nor conducted, fair market value shown in this report is contingent uponsatisfactory sea-trial and engine performance.

STATEMENT OF VALUATION

1. The ''FAIR MARKET VALUE'' is the most probable price in terms of money which a vessel should bring in a competitive and open

market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming the

price is not affected by undue stimulus. In the determination of the value, market comparison approaches were considered.

SoldBoats.com was referenced and actual reported sales figures were taken into consideration. BUC book and NADA price guides

were also referenced. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from

seller to buyer under conditions whereby:

a. Buyer and seller are typically motivated.

b. Both parties are well informed or well advised, and each acting in what they consider their own best interest.

c. A reasonable time is allowed for exposure in the open market.

d. Payment is made in terms of cash in U.S. dollars or in terms of financial arrangements comparable thereto; and

e. The price represents a normal consideration for the vessel sold unaffected by special or creative financing or sales concessions

granted by anyone associated with the sale.

Therefore, after consideration of the reliability of the data, the extent of the necessary adjustments and condition of the vessel, it isyour surveyor's opinion that the ''FAIR MARKET VALUE'' of the subject vessel is:

$26,000.00 Twenty Six Thousand Dollars and Zero cents

2. The ''ESTIMATED REPLACEMENT COST'' indicates the retail cost of a new vessel of the same make/model with similar equipment

offered by the same manufacturer. ''ESTIMATED REPLACEMENT COST'' of the subject vessel is:

$513,500.00 Five Hundred Thirteen Thousand Five Hundred Dollars and Zero cents

SOLD WITH CLEAR USCG BILL OF SALE

NOT AVAILABLE FOR VIEWINGPLEASE CALL FOR ADDITIONAL INFO.SHIPPING OR TRANSPORTSHIPPING IS THE RESPONSIBILITY OF THE BUYER. PLEASE SEEK YOUR TRANSPORTATION SOURCE AND SECURE YOUR QUOTES BEFORE BIDDING.PAYMENTS INSTRUCTIONSTHE PURCHASE HANDLING AND DOCUMENTATION FEE IS NOT REFUNDABLE, AND MUST BE MADE THRU PAYPAL WITHIN 24 HOURS OF THE AUCTION CLOSE. THE FINAL PURCHASE PRICE MUST BE PAID WITHIN 3 DAYS OF AUCTION CLOSE. ALL FINAL PAYMENTS MUST BE MADE BY CERTIFIED FUNDS OR DIRECT BANK TO BANK WIRE TRANSFER.PLEASE CALL ME DIRECT FOR A QUICK ANSWER:ARON phone