good morning from the deep south . it seems to me that this type question "what is it worth" boils down to one thing , time vs price. how quik do you want/need it . for me , price comes down quite a bit when they do not run , bad clutch, bad tranny , bad pto, knocking engine, could all be there $$$$ , and you will never know . my first cub was $700 ,not running , with a parts cub . it needed a little work , but the "parts" cub ended up having a better motor than the "good" cub . i take my time, and have found a nice running cub with two sweet implements for $800, another non runner that turned out great for $500 with a perfect belly mower , and there is one now on craigslist ( baton rouge, la. , farm and garden ) for $650 with implements . and , i missed another $600/650 cub that i hand cranked and ran like a top that sold in hours . the last few examples were in the last four months. coppersmythe....................................................PS: BUT , that is my experience in my area !