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Each market is different. That price sounds too high for the amount of repairs required to bring it back into good shape. You probably already know that parts are very pricey.
If you have the clutch X/O, top mechanism repaired and the parking brake repaired by a Porsche trained mechanic, you will end up spending +/-$2,500.00. Probably more. There tend to be other expenses involved with clutch work. While you are in there, i.e. RMS, IMS, etc.
Consider taking the repair money budget , add it to your purchase funds and buy a better maintained car. $12 grand would buy a really nice, well maintained car in So Cal.
Take your time. Drive as many cars as you can. Consider contacting your local PCA chapter. They can be a great source of used cars, shops and mechanics.
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