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Sounds like a pretty good deal to me assuming, like you said, that it is solid other than the clutch needing replacement. 77's were fully galvanized which makes them pretty resistant to rust.....but not immune. In particular, I'd examine closely the front suspension pan, headlight buckets, rocker area, and under the rear window for signs of rust.
If she's solid, you would be getting a better deal than I got on mine last year!
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Matt M. -- Go Irish! 1990 964 C2 Targa
"Cheap tools and no experience has taken its toll" - J.W.
Ghosts of the Past: '77 911S Targa 3.2 Conversion, '89 Carrera Coupe, '99 Boxster, '70 911T Coupe ,'80 911SC Targa, '77.5 924
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