Most of us are well aware these are not valuable, so enough raining on parades.
I'd buy it just to preserve it from the crusher, ala Steve Barcak.
I hadn't clicked on all the thumbnails the other night because my computer was debilitated to the point of uselessness. It is evident this car has seen better days.
Body damage combined with frame rot makes this a driver only, IMO. It would still be a fun car to drive and appreciate the rarity for a while.
It could always donate it's 4-speed parts to a worthy recipient after the 301 dies.
CL link
http://jerseyshore.craigslist.org/cto/4038248208.html
I couldn't tell it had a red interior from OHCS pictures