It's an older tractor that was made in limited #s so used replacement parts will be a bit tougher to find for that specific model, although you will have an easy enough time with new parts as that model took a lot of the same parts as many others.
One major advantage of the L's over other smaller tractor models like the B and BX is weight, they are heavy and that's a good thing in a tractor!
The HP and lift capacity is good and will get some serious work done for you.
With the age it's probably going to start to need some things replaced like possibly fuel lines, hoses, and other rubber parts, they break down more with age than use.
The price is on the high side for that year and model, but I wouldn't say out of range.
Hours are low so that's a real plus, wear on parts will be low.
Look around a little more and/or maybe offer less on that one.
