Re: Looking at a boat this weekend.
Do some searches on the forum about "what to look for" when purchasing a used boat and consider hiring a marine surveyor to do a more detailed inspection if you are not up to it. I purchased my last boat which was about 8 hours away - hired a surveyor to confirm it wasn't junk before wasting the drive. Upon my arrival, I drained a bit of gear oil looking for signs of water intrusion, looked at the engine oil dipstick looking for signs of water intrusion, ran a compression check on all cylinders and inspected everywhere I could reach looking for rot. Other than that, drive it and see how it does.
Getting to the price, its hard to judge because every area is so subjective but I bought my boat, a 1999 Chris Craft, 20' with the 5.0 which had 127 hours for $4,500. It still runs like a champ 2 years later and I love it. IMO, the one you are looking at is no more than a $5,000 boat, tops.
Good luck