Buying a 727, what to look for?

Here's the number the guy gave me.

3898865

Dose that seem right?
What year and engine is it off?
Thanks again.
If you read my post (#11) you'll see I posted a chart in pdf form. All you have to do is click on it and it'll open up with almost all of the 727 and 904 numbers up to 1986. If you would have done that you would have seen that a 3898865 is a small block transmission