How much should I pay?

[Michael18]

The SeaCraft I am looking at is either a 68 or 69 hull. The current owner has removed everything except the floor. He has started some of the minor fiberglass work but it still need a lot of work to bring it up to standard. The trailer is brand new. Has only seen the water once. The motor is a 1990 Merc 200 that was running when the boat was being used.

I was thinking in today's market $1200 tops. Am I completely off?