Depends on alot. But it seems high to me. New tires, new brakes, all lights working wuth no corrosion at connecters, floor not rotted at all underneath, no corrosion anywhere on aluminum, especially where axel mounts, no severe rust on axel.....might be worth it. Price out brand new same size trailers and then go from there.
Also you dont know how often bearings were serviced. Guy i know just runs them till they give up, then fixes it. Many trips have been delayed on way to destination.
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