The headstock has a spur center, good for spindle work. I could not see a center in the tailstock Assuming it has one, check that the centers of the head and tail align, and that the head and tail are stable (can be locked firmly without wiggling).
The standard set of 4 craftsman turning tools that came with every lathe are considered junk, but I am still using my set (along with other tools) 35 years later.
We could discuss how big the motor is, but no matter how small, it wouldn't make it a "don't buy this" decision.
I would look for a face plate that comes with practically every lathe - a flat metal disc that has threads on the back that screw onto the headstock in place of the spur. There should also be a round metal rod that goes through the headstock to tap the spur out. If the seller is willing to look for these "missing" parts, also look for the center for the tail - may be a point, or a point inside a cup, on a tapered rod the slides into the tailstock.
The price seems slightly high - I would offer $100 and negotiate.
Hope this helps.