This is a small lathe, very light-weight, no quick-change gearbox, flat ways, lantern-style toolpost, very small (if any) spindle bore, etc. so $1,000 is way too much. As others have suggested, location and associated tooling included definitely makes a difference, but $300 is probably about right PROVIDED the change gears for the headstock are included! Without the change gears it is definitely limited in its use. This price also assumes the ways are not worn.
For comparison, a few years ago in Ohio I bought a small Logan lathe, 9" x 24", no change gears, no tooling, one chuck, 120v motor, kind of grubby, but not worn out, and paid $125.