I think it's not far off the mark. A real BS car. I would say it was spot on if it needed no work but it's basically a project car. Unless you're going to drive it as is. If you buy that car the safest and best thing to do is strip it and restore or rebuild (what people call "semi restore") the car. Because it does need work I would think the car is around $38-40k. If that was worth $33K or less you'd be ripping the buyer big time.
Project $71 'Cudas (not Barracudas) go from $18K to around low 30s. This car has the fenders, grille and looks around 90% complete. Sure it needs a little work but nothing too major at all. Go buy a turd and spend more money getting a $4K grille, $3K fenders...the list goes on........Buying cheap usually works out to be more. Hence the reason I purchased my restored minus drive train for what I think this car should be worth.