The price us not unreasonable for a working machine in a nice cabinet like that. The stool needs reupholstering, but it's still on the pluss side, since it's usually missing. With second hand stuff in general bargains turn up, but as others have mentioned, these are often more of a project where you invest lots of time and a bit of money to get them nice again. Missing parts and accessoried easily add to the cost, and cabinets needing refinishing is a lot of work, but often well worth it.