opinion on '98

[vitaminC]

Hi. My first post. I'm looking for a weekend car to use for cruising backroads and the occasional AX and HPDE. I recently came across this car on CL and was intrigued: http://sfbay.craigslist.org/sby/cto/4772334900.html
I'm not looking to go super fast in a straight line, just enjoy carving corners and driving something distinctive. Also considering E36 M3's, though naturally those cost substantially more.

I've always liked the looks of these, and this one seems to be in good shape with nice options. Is there any consensus as to what would be a reasonable price for this car? Obviously kbb doesn't seem to be in touch with reality.

Any thoughts or opinions? Perhaps someone has already looked at this car in person?

Thanks!