Two years ago I bought an 87 E34 in pretty good shape for $45K. Bought directly from the owner, so no commission. One soft spot on the cabin top near the mast was due to poor caulking and was a bear to fix. Had to pull out all the wet balsa with a coat hangar, dry it out with my wife's hair drier and had the yard back fill the space, about one foot square, with some very slow setting epoxy, to keep the heat generated down.
Mine had a Furuno radar, speedo, depth gauge and auto pilot. Plus a fairly new dodger and bimini with lee curtains all around, a manual windless and 25 lb CQR. The engine had 2300 hours but needed a new water pump housing, the old one had a hairline crack. Cost me $450 for a very complete engine survey plus $600 for a standards survey. That was a bear to get to, the yard charged $2K, had to remove most of the front of the engine to get at it, lousy design. I also changed all the hoses and the head Y valve, actually found a water bottle cap jamming the valve, all told I spent about $7K on preventive maintenance. Sails were in good shape, about 10 years old, fully battened main, 110 and 130 jibs. The primary sheet winches were new Lewmar but all the others were original Barient, in good working order. Icom radio, stereo and small flat screen TV. A few blisters, very small.
There are several plaques showing first and second place finishes in SoCal, circa 1990's. No spinaker but has spin halyards and a spin pole, I would know how to fly the damn thing anyway. New hatches and new port lites all around. Upholstery looks newer than original but not as nice as your in the photos but good'n'nuf for me for now.
Lots of room for the admiral, sails well, seems well built, my previous boat was a Tartan 30 so I appreciate quality. I made a Sailrite Stack pack, best thing I ever did, lower the mainsail and put it away in a few minutes. I almost bought the identical boat from a friend down the dock but he had more blisters and I really hate that problem, its a long story. But we loved the boat and price was not really a factor, up to a point of course. The prop shaft, cutless bearing and new dripless shaft seal are great , bilge completely dry except for rain down the mast. Prop is a fixed three blade for cruising, backs up well, turns on a dime with that fin keel Draws 6'2", went aground lightly once but it is a concern for some places.
I would advise adding ball bearing slides hardware ( Tides, I think) to raise the main, cost about $1.5K but it is very hard to raise the main, the admiral certainly cannot do it, with all reefing lines led aft lots of friction.
