1940 9N What is She Worth?

Here's a '40 9N that I know of in a consignment lot. It's been for sale for almost a year. Asking $2500. Has original smooth rear hubs and a Sherman (step up or step down, not sure which). For a long time the starter was gone. Last time I checked on it (last week) the starter was reinstalled. Presumably fixed. Haven't heard it run. I just show it for comparison sake.

'40 N 3000 tops around here, more than likely 2300 or so.
two front tires and tubes.$125
Matching pair of rear tires with new rims to replace those you've got that chances are are rotted: $500
Radiator: $150
Used parts to replace broken ones$100
Paint and supplies for bodywork $250
Tune up stuff, new wiring, steering wheel, gages, $300 roughly...
Your hard labor: ??
Total of this quickie list, I'm sure it is NOT accurate but it's the best I can do off the cuff:
Roughly $1500.
Makes the N worth $800-1500 tops. WITHOUT LABOR! So I'd start at $500 and go up to what I was comfortable with. Remember you will find more expensive things wrong when you get into the job, although you may be able to save money with used tires, swapping for parts, etc. Good luck and welcome to the N world!
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