Value of unknown 400 engine.

I'd offer $300 unless the block was just too cherry to leave behind. You can usually tell if the block is good by just looking at it but those are rare.
When it comes to old v8 long blocks it's about a 1-2 dollars per cid or so. Depending on what ya got.

Crank costs x 75-100?
Block costs x 200+?
Head cost x 80-100?
Rods cost x 50-100?

It adds up.