My dad has a 2 wheel drive 1983 L340 with ~400 hours. He bought it from a friend in a similar position you are (it was his father in laws) for $3500. That was the friends and family price, so I'd say $5000 for yours considering it's 4 wheel drive. Someone looking for one to use like my dad would love it. Small garden, bush hogging, food plots, grading a gravel drive way, and the list goes on that a tractor with no loader can be used for.
I think it's a money pit if you intend to use it. Every other time you use it, you'll work on it.
I'm guessing you're a "glass half empty" kind of guy.
Of course, it may be true. But then again, it may well be not.
I think it's a money pit if you intend to use it. Every other time you use it, you'll work on it. Would be a risk to givr $3000 for it.
With that said, it's your Dad's. Don't sell it.