For Sale 85 FJ 60. $12k. Worth It?

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Location
United States
Looking at the following FJ. Is this a fair price?

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Personally, I'd like to see it have everything, including all the smog equipment, factory wheels, and very little rust. You gotta look at the rear rails aft of the axle. They like to blister up in that area.

I also think these have become waaaay overpriced in a very short time. It probably was the deal of a lifetime, but in the early aughts I bought one from the original owner for 1000 bucks. It was nearly the same shape, a blue 1986 with 132, 765 miles. It had EVERYTHING including a thick manila folder filled with every last service done to it. It was an 18 year-old DD then, and always garaged. Had a small tear in the driver seat edge, a few dings on the hood.
And what did I do? Kept it 5 years and sold it in 2009. Ugggghhh!!!
 
I had two shops take a look at the rust on the frame on this one and they said they wouldn’t work in it as it was so far gone. Stay away from this seller.
 
FJ Cruiser wheels?
 
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