On our first weekend as boat owners we took title and then went to the yacht basin to take inventory. After chatting with some of our neighboring skippers, we learned that the companionway door had been left open for approximately 6-12 months and that the motor had not been run or maintained in six years. Our immediate neighbor pointed out a rather large pile of wood under the boat, which turned out to be some of the teak trim that the prior owner had kindly removed from the interior for safe keeping.
Inside it seemed that the galley had been cut out, the dinette removed, and the area where it would have been had been covered by a permanent installation of pressure treated two by fours-- which incidentally covered two stowage areas that had subsequently developed significant mold growth. There remained no plumbing, electrical wiring, holding tanks, fixtures, lights, trim -- in short the interior had been gutted and kind of sort of converted into a giant sleeping area with no head. Additionally and terrifyingly, all of the fiberglass lining of the cabin was cut away around the portholes. The two large portholes were badly framed with plywood on the outside, but the two fore portholes were replaced with plywood with round vents that let in quite a lot of rain and many many insects. The companionway door was gone altogether, replaced with a too short piece of plywood that simply leans against the fiberglass to keep out the water.
Outside the decks were all sound except for one slightly spongy area in the cockpit where a mushroom covered piece of ply wood had been left for many years, preventing the scuppers from draining properly. The bow rail was seriously damaged, the running rigging was allowed to decay and grow things on it, but the standing rigging looked to be in good shape and many of the blocks were still kicking around.
Whatever compound was applied over the iron keel had cracked around the seam and blistered pretty badly.