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First generation MM200. A real work horse that looks to be in good shape.
Spoolmatic 1 is direct connect spool gun but SM-3 will work with 14-pin control plug swapped out to 4-pin. Spoolmatic 15A/30A requires WC-24 weld control and $100 adapter cord. Other combinations available as well.
Solid wire only w/gas (can't change polarity for flux core).
Can't tell for sure but it doesn't look like it has the optional Spot Control (which is really not a 'negative').
Less than $200 would be a steal, $200-400 would be a great deal, $401-600 a good deal, $601+ an OK deal.
If the cylinder and gas regulator are included (make sure it's not a rental tank) you could add another $100-150 to the above figures.