Wow, I was thinking it must be a typo, if not it's the steal of the century! Hell, just the equipment on board is worth way more than that...

There has got to be something wrong with it!

I did get an email from the buyer, and he is planning to do a restoration on the boat. She has an original 3 cylinder Volvo, not running. 

You've got that right!  Amazing deal.  Mine was a total mess and derelict on the hard and I paid $9300 and now have ten times that invested in it.   Whoever got it can get it ready for cruising in a year or so of hard work and some new equipment, e.g. new engine, upgraded electronics, electrical plumbing, deck work, and perhaps sail repairs.  Had this boat been available in 2005 I would have jumped on it like ticks on a hound dog!   Hope he or she joins the group so we can follow the rehab.  -Tom Koehl