Hello grand, I have this same machine, same year even and I love it! I bought it about, wow, its been about 7 years ago now. Holy cow that seems so long ago. I have had to take her in a few times for minor adjustments but that is because I took her EVERYWHERE. Now, she sits in one spot and I use her for only my embroidery. I just love that she takes the floppys!!
These machines are workhorses. Though old, he just keeps on working and working, You can check to see how many stitches that machine has, I forget how but the manual will tell you, There are buttons you can hit to tell you. And if you can get it for that price, grab it fast! Have fun with it!