I'd be doing driving schools at Summit Point if I was you.
Usually these cars will go for around that price with stock motor and low mileage- if the work was done right it's sounds like a good deal.
Sorry, not going to talk you out of it, besides you still have a 5er in the stable
good luck- we should all have these tough decisions to make
Chip
'92 535i 5sp
EAT chip, Sachs kit, RRT sport control and upper thrust arms, SS brakelines, Camber plates, Subframe inserts, 3.64 Diff, M5 (3.6L) calipers.
'87 325iS