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Hi Golfman25,
I figured as much but if the boat is free what would it cost?
I rebuilt one 25 year ago on a run about with an outboard. If some is rotten, a lot is rotten...not just the transom...figure floor, stringer, plus redoing all the uphostry +++
If your doing it for fun, I think a transom would be in the $5K range. The 16' runabout was $4k 25 years ago.
You could buy a $20k boat an be ahead of the game.