The action is worth more than $200 unless it has been drilled full of holes.

The scope isn't worth anything if it's broken, there's no one repairing them now.  I'd be surprised if it's usable now.

Those holes are fine.  What I'm referring to are numerous holes drilled for scope mounts.

The barrel might be fine, too.  If it was cut off, cutting a new crown might be all that's needed to get it shooting again.  If the barrel is still 22 to 24 inches long, there's nothing wrong with that.  If it's 20 inches, it's still usable, but the velocity fall off will start to be obvious.

A rough stock is no bar, either.  If it's not missing chunks, then it can be reburbished to look better without much work.

Probably a great donor gun in the worst case.  I'm going to guess the price is steep despite the condition.

From what I can see on my phone, someone used plastic wood on the stock.  The spot at the butt might be a big chip out.  I can't guess at the hole in the forearm.

Both are repairable.  The stock can be refurbished to excellent condition.

This stock is similar to another one posted here of about the same age, the drop in the butt is too great for a good cheek weld with a scope.

I'll look again tomorrow after I get unthrottled internet service, right now I can only look on my phone.  From what I can see, the stock doesn't look bad enough to work on if you plan to use it for hunting.

If I worked on it, I would plug the hole in the forearm with a piece of walnut. I would mask the checkering, sand it to 320 grit, maybe 400 grit, along with whiskering, and then I would finish it with either Gun Sav'r or Minwax aerosol polyurethane applied in a thin application and rubbed in with a cotton rag.  Three applications will be enough, and you're done at the end of the day.

I'm done screwing around with a zillion applications of rubbed out oil finishes on a gun I intend to use, and everyone will admire your hand rubbed satin polyurethane oil finish, just don't tell them what you used or that their newer guns with hand rubbed oil finishes are finished the same way.

All I can see at the butt plate is a dark looking region that is typical for a spot with wood filler, I'll get a better view tomorrow.  A careful repair can be completely invisible, the forearm is easy, the butt might not be easy.

I wouldn't touch the stock, those are beauty marks from using the gun.  If you refinish the stock but not the metal parts, the gun won't look right.  It looks sound as is.

The dark spot at the butt plate is a stain from something.  It might be poorly considered dark walnut stain to cover a skinned place, or from something else.  That one will be tough to correct without refinishing the stock from end to end.

The plug in the forearm still looks like plastic wood from here, I just can't determine that from the photo.  

Let's see what @4v50 thinks, he might know of a way to lift the stain on the buttstock.