Alright, so I picked up the bass tonight.
I had every intention of flipping the bass for more money but the guy selling it was a great guy through and through. I brought my $350 and told him that was the price he asked and he said "Oh no, I'm asking $500." He then proceeded to pull up his ebay ad (which did ask for $500). But I was responding to his CL ad that apparently he posted a while ago and had no bites. He honored his word and sold it to me for $350.
I wanted to sell it. But it is a very nice bass and he kept saying how he was happy it was "going to a good home." I think I might keep it for awhile (it is technically the "nicest" bass I have owned, although I will NEVER get rid of my MIM P, ever.) So I think I might sell my back up and keep this.
In regards to the finish, it isn't pretty. But it really isn't that bad. It has some ripples in the finish and I plan on redoing it someday, but for the time being it is fine.
Needless to say, he was a great guy and I am very impressed with the bass (I have played one before and wasn't digging the sound, but this one is real nice). I plan on keeping it and selling my back up. So if anyone wants a beautiful SX jazz with Kent Armstrong pickups, hit me up!
Once again, thanks to all the TB'ers for the input!