Hull value 2004 330 Express

[Kelley D]

Looking for thoughts on a value for a hull no motors on a 2004 330 express. Comps with power are all over the place and don’t seem to be selling. This boat has a blown jenny and an inop refer. Otherwise dry and in good condition, with original electronics.

 

[everwhom]

Back in 2015 I bought a 2003, hull only for about $85k. My guess is about $100k?

 

[JJF]

I would say $75k - $100k assuming it is in good condition and no rot.

Let's say you buy it for $75k and repower for $80k and add $25k in electronics and $20k in misc. (upholstery, wiring, etc.)... you would then have a pretty nice boat at $200k.

However, it must be a long-term ownership boat or else you will be upside down for at least five years.

It's sort of & kinda-like where people are finding themselves with older sportsfisherman boats.

 

[Kelley D]

My calcs have you dead on with repower, electronics, jenny etc. I’m lower on the hull value though. I’m closer to 60-65 as is. There’s a good amount of inventory with newer low hour power, running Jenny’s and fresh electronics that have been sitting all summer not selling. Now the 10k price drops are coming into play.

 

[Kelley D]

Back in 2015 I bought a 2003, hull only for about $85k. My guess is about $100k?

Seems high. There’s a good amount of low hour fresh powered boats, with updated electronics, running gensets etc in the 130-160 range asking. There’s also several rigs that have been sitting all summer at those prices and are now dropping in price in 10k increments.

 

[Mustang65fbk]

There’s a 2004 on Boat Trader right now for $100k with twin Yamaha F225’s on it that have 1,600 hours on them. Which would make me think that the hull alone is obviously going to be a bit less… maybe in the $65k-$75k range? The biggest determining factors imo are going to be location of the boat and the actual condition of the hull. Boats on the east coast and especially the southeast, like Florida, tend to go for considerably less money than what they sell for out here on the west coast. I definitely wouldn’t spend $100k+ on just the hull to then spend another $50k-$60k+ on a repower, $10k-$15 on electronics and so forth because at that point, I think you’d definitely be upside down on the boat.

Used 2004 Grady-White Express 330, 01945 Marblehead - Boat Trader

Check out this Used 2004 Grady-White Express 330 for sale in Marblehead, MA 01945. View this Saltwater Fishing and other Power boats on boattrader.com

www.boattrader.com

 

[everwhom]

There’s a 2004 on Boat Trader right now for $100k with twin Yamaha F225’s on it that have 1,600 hours on them. Which would make me think that the hull alone is obviously going to be a bit less… maybe in the $65k-$75k range? The biggest determining factors imo are going to be location of the boat and the actual condition of the hull. Boats on the east coast and especially the southeast, like Florida, tend to go for considerably less money than what they sell for out here on the west coast. I definitely wouldn’t spend $100k+ on just the hull to then spend another $50k-$60k+ on a repower, $10k-$15 on electronics and so forth because at that point, I think you’d definitely be upside down on the boat.

Used 2004 Grady-White Express 330, 01945 Marblehead - Boat Trader

Check out this Used 2004 Grady-White Express 330 for sale in Marblehead, MA 01945. View this Saltwater Fishing and other Power boats on boattrader.com

www.boattrader.com

Yeah - $100k may be too high, but when I bought mine 7 years ago I had the option of engines on or off and I think I only knocked $10-15k off the price for no engines. I think the prices of the older hulls with the original 1500+ hour Yamaha 225's reflect the fact that the buyer will have to repower... The good news is that I hear Yamaha motors are available again.

 

[Automated14]

In 2021, I paid 81k for my ‘04 with 1000 hour 225’s. Bad gen, but otherwise boat clean and well cared for. One original 12” furuno, one newer Raymarine C series. Engines had had the exhausts replaced a few years prior and ran great.

I got 15k for them and repowered with V8 verados for 80k.
I have another 15k into it in new electronics, wrap, sea deck.

I feel like 65-75 is fair. Add the update and repower costs in and you get a hell of a boat for over 300k less than a new one. I love that older 330’s don’t look much different from newer ones.

Personally, I don’t like the idea of buying a bare hull. My mind goes right to a situation where someone didn’t have the money to maintain the boat properly. I’d rather buy a fully functional 225 boat and repower.

 

[Kelley D]

Thanks for your comment. I’m with you in your sentiments entirely. The boat has one blown motor and jenny, and a couple other here and there’s. The shop that supposedly scoped the motors during a motor survey apparently didn’t catch the rot that went up into the power head and wrecked it. Typical.

 

[Automated14]

Thanks for your comment. I’m with you in your sentiments entirely. The boat has one blown motor and jenny, and a couple other here and there’s. The shop that supposedly scoped the motors during a motor survey apparently didn’t catch the rot that went up into the power head and wrecked it. Typical.

I’d be encouraged by that. I thought you were talking about a bare hull.. like engines got removed and wheels came off the wagon and the boat was forgotten about.

 

[Kelley D]

How do you like the verados?

 

[Mustang65fbk]

Yeah - $100k may be too high, but when I bought mine 7 years ago I had the option of engines on or off and I think I only knocked $10-15k off the price for no engines. I think the prices of the older hulls with the original 1500+ hour Yamaha 225's reflect the fact that the buyer will have to repower... The good news is that I hear Yamaha motors are available again.

Saving $10k-$15k doesn't seem like that much for a boat that doesn't come with motors as I'd have to assume, depending upon hours and condition, that one would likely be able to sell them used for more than that. If they were inclined to do so...

 

[kirk a]

It obviously comes down to equipment, maintenance and overall condition. From the description, it is a boat that has not been maintained/upgraded. So would be at the low end of the spectrum.

I have a 2003 with 225's, my broker indicated that it would move at around 100k. That said, the motors are worth next to nothing as is. A repower for 60k, a new genny at 10k, a fridge is probably 1k or more. Electronics 10k. So you are likely starting with 80k before the hull. To end up at 150 or so, you'd need the hull for 70. I figure that 150 is roughly the value of that boat with new power and updated equip.

Experience says that buying the boat with all the work done is less expensive than doing it yourself, but when you do it yourself, you have full control of what gets done, and choice of materials, which absolutely means something.

 

[Kelley D]

The boat was advertised basically all summer at 94 with working motors. Since then one of the motors let go. I’m going to say with the end of the season nearing, and the slow down in boat sales in general, puts the hull value between 60-70 anyway. But it’s going to be up to him if he wants to come to that realization.

 

[Automated14]

It obviously comes down to equipment, maintenance and overall condition. From the description, it is a boat that has not been maintained/upgraded. So would be at the low end of the spectrum.

I have a 2003 with 225's, my broker indicated that it would move at around 100k. That said, the motors are worth next to nothing as is. A repower for 60k, a new genny at 10k, a fridge is probably 1k or more. Electronics 10k. So you are likely starting with 80k before the hull. To end up at 150 or so, you'd need the hull for 70. I figure that 150 is roughly the value of that boat with new power and updated equip.

Experience says that buying the boat with all the work done is less expensive than doing it yourself, but when you do it yourself, you have full control of what gets done, and choice of materials, which absolutely means something.

I believe you nailed it on the last part...you may pay more buying one and then upgrading it vs. buying someone elses upgrade, but i wouldnt have done it any other way. I feel like boat upgrades are pretty personal choices. I'd have been changing stuff anyway if I bought a "done" boat. I love the idea of owning a boat since new so you really know it top to bottom. since I can't afford a new one, the upgrade is the next best thing. I've crawled in and out of most of the nooks and crannies of this thing.

 

[Automated14]

How do you like the verados?

They are the cats ass!