What is a resionable price for this car?

Hi,
I am considering restoring this '51 Chevy that my neighbor has. IT is in okay condition i guess, no rust or anything, but the upholstry is ripped. I dont know if it runs, because I havn't talked to its owner yet.

I havn't talked to him because I want to know if his price tag of $3,500 is resonable... it sounds kinda steep to me?
I'm not sure what model it is, (Bel Air?) but it looks like this: http://www.noduescruisers.org/51%20chevy.jpg


He also has a 61 cadillac for sale for the same $3,500.

Is this to much to pay? I would purchase it if it ran and was only like 800 or somthing...

Thanks in advance
Big J

^^^^ Anyone?

3500 Might be a little cheap if it runs good. To find a car that old, in that good of condition is rare. Id be expecting to spend more around 5000.

Well the car that im looking at is not in as ood conditionas the onein the picture above... no rust that i see, but all the paint is scratched up and stuff

?????

Its hard to help you out b/c I cannot see the car, no idea how it runs, there are so many intangibles to a car like that that it depends on the car. I would get a buddy of yours or your mechanic to look at the car with you first.