In general terms. the old Matsumoku basses are pretty solid. There is some love out there for these old guys, for sure.
I see one posted on CL here, that's listed for $200. That seems a bit more in line to me.
All the best,
ESP Ltd B-1005, ESP Ltd Surveyor-4, ESP Ltd B-4Z (inbound) Squier VM Fretless P, Squire Affinity Jazz V Fretless (in work), Mesa Walkabout Scout