I recently purchased an 83' H 16 for $250 with semi-new trailer. Boat is in good con. with few minor repairs to hulls and no boom. All new equip. was necessary including boom, sails, tramp, blocks and a long list of little stuff. Overhauling is fun, but I would have much rather been sailing these last two months. I'll end up spending close to $2000 for everything. Sounds like you've found a pretty good deal.