Hi Phil, Sounds like a lot for a bike that old that doesn't even run.
I got my 1981 Yamaha for $700 in running condition. I have since put some work into it, but I'd say I've spent less than $200 in repairs (I do the work myself) and it runs & rides great.
Of course maybe you'll find some enthusiast for that particular bike who thinks it's worth a lot more, but there are plenty of newer, running bikes that you can buy for $3300.
John
