Worth a look, especially at that price.
Agree. Still, with our own current full re-fit in the final stages, I would *very roughly* estimate that such a boat might absorb about
20K plus to be brought back to life for another reliable decade and more of sailing. New standing and running rigging, new furler, refurb the engine, rebed all of the deck hardware. Probably new sails. New electronics. Bottom strip and paint. Clean and buff hull and deck. Replace any frozen sheaves.
Great foundation to build on, but "deferred maintenance" expense is the price of most tired and neglected boats out there.
That said, after about a year of updating, this boat (unlike all of the flexible and neglected "Hunta-Cata-Bena-lina's") will take you safely on a month's vacation including Hawaii and back -- or further.
And then, after about 4 decades, and sometimes sooner, all the boats will need painting and new non skid. That can add up to 15K to 40K depending on a host of variables.