So basically you saw a car, that needed a little work, for $5000, was it worth it?
Um.....
I will say this much, unless refinished, most used S&Ws are worth that esp if 38 special. Remember that "38 S&W" is a different cal however.
However, if the gun was say refinished, cut barrel, rubber grips, but 38 special, $250 is about the max. It all depends on the details which we don't have at this point.
A guy walks into an ER, tells the MD he has abdominal pain and demands a diagnosis from the MD. The MD then gives him all 15,376 possibilities...