Acer travel mate 351TE valuation?

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I am trying to figure out how much the following laptop is worth?
The owner is asking $299.
I've searched for it on ebay & other places, but I am not finding much.
 Nothing on ebay; someone was asking $230 for his back in Mar06.

This would be my 1st laptop; I've not much experience w/valuating them.
 Can anyone tell me what a fair price would be?           Thank you.

Acer travel mate 351TE
Pentium 3, 13 inch screen. windows XP OS, office installed, model,
comes w/external floppy/DVD-ROM drive.

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