A lot of it depends on location. If it's a solid start, and has a good title, it's probably worth about a grand here. Titles are a real issue here, as it's almost impossible (and prohibitively expensive) to deal with a lost title. I love the idea of throwing it together from cheap parts and a donor car and driving the crap out of it. Given a little luck, great timing, and a good network of gearheads, this could be a cheap beater project.