I see vintage lotus stuff in my area all the time. I would say, given that it needs a refret, it's worth $40-$50 to the right buyer. If it was in 8/10 condition or better, it'd be probably a $200-$250 bass. If it were me, Id trade a fuzz pedal, and turn that thing into a fretless. 
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Squier Classic Vibe Club #118, Fender Precision Bass Club #904, The Fretless Club #749, Tricked Out Squier Club #196, Short Scale Bass Club #359, Squier Jaguar Short Scale Club #77
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