'49 chevy - how much $$$$ ?

[MMM...BRAINS...]

i know that no one can really answer this for me, but would like some quick input on price based on what i've been told.
here it is:

i'm going to look at this truck (for the first time) this weekend, so my description is just "what i've been told"...and what pictures i've seen.
(i don't have any pictures right now or i'd post 'em)

'49 chevy 1/2ton stepside (3 window)
"run and drives as is"
350 engine - miles are unknown but "it runs strong"
th350, floor shift - "shifts good"
"no leaks or smoking"
body appears to be in decent shape (from pictures) i will find out more when i look at it. no fancy paint, just flat black.
grill and bumpers are there and look decent.
all glass is good, interior is stock and all there.
drums all the way around, said to be working good.
think its the stock suspension, was told it was "lowered",...just don't know how it was lowered yet.
says he has a good/clear title (i'm gonna check it against the vin#)

i know i can't really base this off of "what i've been told" until i see it, but i just wanted to make sure i'm on the right track. and seeing as i have to travel a bit to see it i want to be prepared with cash in hand.
now, i've been through a couple builds/buys so i have some good ideas on what to look for/at. i've never bought or built a truck of this style/year, so any input/advice would be appreciated.
i'm going into this with the idea that the motor may need some work and or a rebuild (since miles are unknown) to get it to my satisfaction as well as the breaks (possibly front disc conversion depending on the shape of the brakes as they are)
i'm looking for something that can be a driver and a "weekend at a time project".
if the guy is being honest, he says this is not a builder its a driver.
he's got it listed for $5500.00 but has told me he's willing to deal.
i'm thinking $4500.00-$4800.00?

what do you think?

thanks in advance.
Chris