A busted thru-hull sounds likely, or a hose burst and a thru-hull valve/seacock was seized. I replaced all 8 of the thru-hull valves on my boat when I bought it. every single brass one was seized (replaced . I have two under water lights mounted on the transom that have appeared to be busted from freezing I guess they leaked? I began to replace the lights but the glue or silicone have made this five minute .
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