Looks like the serial # is partially sanded off to me. If it was just covered (hard to tell), $200 is ok as there is a huge gash in the body.
MIM Fenders from the '90's (maybe they were MIM in the late '80's) sell for $275-350-ish.
I would worry that this one is hot based on the headstock pic.
Fodera l Fender
Jule Amps Monique l Bergantino