What's a '66 Barracuda Formula S, 4-speed project car worth?

So recently I found a '66 Barracuda Formula S, 4-speed project car about 5 hours away from me. I have been on the search for a 273, 4-speed Barracuda and this one is even better since it is the Formula S. An older guy currently owns in and I guess he bought it at an auction a while ago with the intentions to get it running and driving, but he never got to it and now is selling it.

Unfortunately this car does need a bit of work done to it, both mechanical and body. So the car has been in Wisconsin for it's whole life and apparently has been sitting for around 20+ years. The engine isn't seized, but hasn't been run in a long time, so it will need to be gone through. Also, it will need brakes since it has been sitting for an extended period of time. The odometer reads 59,526 miles, which seems about right, but age is catching up to the car for sure.

The body is in better in some spots than others. The trunk floor has multiple small holes in it, the floor boards are soft, the passenger side quarter panel is starting to rust around the wheel well, etc. I have seen worse, but this is still an issue.

The interior is actually not too bad. The headliner is still in tact and the driver's seat only has a small rip on the back rest. It's just dirty on the inside.

The guy is asking $5,000 for it, but I feel like that is high for the condition the car is in. These first generation Barracudas don't pull the money like a second generation Barracuda does, but this Formula S, 4-speed package is the most desirable.

I uploaded some pictures of it so everyone can see it. Maybe someone else will catch something I didn't see, but here's the car

What do you think this '66 Barracuda Formula S is worth in the condition it's in?

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