Thanks everyone!
Indeed it was a steal. Needed the left side engine cover remounted, engine oil and a new battery. Had it running about an hour after I brought her home. A replacement seat with no tears has been purchased off eBay already and on it's way. Now I just need to find a left side plastic cover. I have the one on the right, just not in the pictures. The stuff on the chain/tire is chain lube. The bike sat in a garage for almost a year before I purchased it. Fortunately the old owner put Stabil in the tank and took good care of it. Starts right up everytime!