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Generally, Porsche engines do much better if they have been driven (most engines do actually). The IMS is unlikely to be a problem on the early 2.7. That motor had other potential issues, but then pretty much all Porsche engines have a short coming or two to address. In terms of pricing, tough call. I believe the prices of these cars are going to start to see a rise as the air cooled cars continue to rise. The IMS thing is reasonably well known now and people are fixing them.
As mentioned a thorough PPI would be first, to include a hookup on the Porsche diagnostics tool. The top is a bit strange, but some people just pull the motor etc. just because they want to. The CEL must be addressed, and fixed for sure.
In the end, it’s a really clean cosmetic car. Mechanicals are probably fine, but this is a 21 year old car now. It might require some cash to get full up to snuff. Where that break point would be is up to you. Personally, if the PPI checked out, I might haggle a bit and god for it.
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