I bought my 1995 GT which was in what I'd call fair-good condition with 124,000 miles for $2600.
It currently has 170k miles.
The price... honestly... is right if it is in good condition (no rips, dents, bruises, oil leaks)
The private party KBB on it as you described it is over 4k.
Test drive it, and let it rip.
If somethings going to break you want it to happen on a test drive and not after you buy it.
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