You can never make an accurate assessment on photos. So no big deal on your photo guess. Also, what was this car listing price? I just don't like it when a car is for sale, then buyers ask what's it worth. If I needed the forum's help, I would just say, "So and so is selling this car for $XXXXXX, think its worth it?" Ultimately, its up to the buyer to determine if its worth if for them. Pay the money to get an inspection if you cannot do it yourself, then pull the switch or not.
I like this T/A, but I wonder what it smells like? Big clue there. It will need a total resto on all electrical, get the corrosive salt water out of every nook and cranny. Its not a wasted car. It's probably more restorable than a rust bucket, but this will turn into one sooner than later.
Anlauto, you probably would know much more on this or other restorers.