$400 would be a decent deal. Probably worth up to $500. These used to be very common but the surplus market has dried up on these and all other Mausers. I've seen lesser quality go for $350. About 7-8 years ago when I bought mine I paid $170 out the door, but they were very plentiful then.
These are good rifles and great shooters.
Fightin Texas Aggie Class of 2009