It doesn't look like it is in great nick. I think most people into EMs are essentially buying them for their looks. A DMD+ era came is always more fun. So if buying for the nostalgia and looks, everyone factors in the restoration time. Given you never get you money back on a fully restoration, it really means an unrestored machine isn't worth that much, unless its a title you are specifically after.
I bet it goes for a healthy sum after a full restoration and a clearcoat.
...Buying an EM is buying Art. You aren't going to pay much for a roughed up painting.