Hey redta, welcome to the forum!! I can't address the price and without pictures people will be reluctant to advise, unless it's a general number based on a guitar in really good shape. How's the neck angle? Plenty of saddle left on the bridge? Break angle of the strings over the saddle is good? Also, what type of "issues" is the binding having? If it's just come loose, regluing binding is easy peasy. That's cosmetics. Any way you could post a picture or two? You have to host the photo with an online hosting service and then paste the direct link between the "Img" codes in the toolbar.
More information and advice will be forthcoming soon.