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MadButcher said..
Aside from this likely major issue, the boat is in really good condition.
I'm on TrailerSailerPlace, too - plenty of folks with a lot of knowledge.
The following might sound a little negative, but I assume that you want to enjoy some sailing without breaking the bank.
My first reaction is that this 22ft aluminium boat (with a busted keel and bodged goo repair) and trailer is not in good condition. It could spend another 2 years in a shed while you figure out how to repair it. My advice would be to set yourself a modest budget, let's say $10K as a benchmark, and get the best condition boat/trailer combo you can find. It might be smaller than you had hoped. The trailer is where the value is - the boat without the trailer is worthless. There are plenty of end-of-life vessels (both boat and owner) coming on to the market, which means there is plenty of neglected junk to avoid. I can't stress condition enough. If you want to go sailing, get a really small boat in perfect condition. If you want it to spend 2 years in a shed before you get sick of it and pay someone else to take away the wreckage, get a project.
Notes on condition. Others might chime in here;
A novice will probably look at the hull and wonder if it leaks (not a spurious concern, especially with an aluminium hull). With some experience, you will look for the expensive or difficult repairs, such as spongy decks on a balsa-core construction near fixtures that are drilled into the cabin-top, or dodgy electrics (generally - crimping is good, soldering is bad, twisted wire covered in insulation tape is worse still), or a keel that does not swing or drop (difficult to inspect on a trailer), or a rudder assembly with lots of slop, or a trailer with lower surfaces flaking off with rust, or leaking windows, or poor gel-coat/paint, or damage to the mast-step and standing rigging. I also get horribly disturbed whenever I see bathroom silicon, builder's bog, chipboard, MDF or brass (not bronze) on a boat.
With an old aluminium boat, look carefully for corrosion, especially in the places that are hard to get to. If it has spent most of its life under cover, the aluminium might still be nice and thick. Watch out for corrosion at spots where dissimilar metals are in contact.
Don't remove the concrete without first doing some research. Technically, it would be cement mortar, not concrete (it becomes concrete when you add gravel aggregate), but it has its place in the bilge as ballast, and to displace water. If you do take it out, think about replacing it with some fresh mortar, but you should do it in such a way as to get the trim right, else the thing will sail horribly.