I had a 1977 C&C 27 MK III for 15 years on Lake Michigan.  The nice thing about 
the MK III was that it had a taller rig than the one you'relooking at,  which 
made her a great light air performer, generally hitting hull speed of 6.4 in 
about 9 kts pf wind, and which would commonly sustain 7 knots.  I would be less 
optimistic about the MK II, and I sold mine for 8K in 2015, albeit to a friend 
in very good condition.  It was in very good shape but also did not have roller 
furling.  Given the work you're talking about, she ought to be $2,500 or even 
less.
Now having a bigger boat and the affordability of older boats, I too would 
recommend looking at a bigger one, or at least holding out for one in much 
better condition.
Just my $.02 worth,
Bruce Whitmore 


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