That's a great deal! Would be a good deal even at $500 level, because the Saunders 4x5 are well made and not a glut of them available on the used market.
It's a really great deal, if it has the variable contrast head, it's an even better deal. They are very nice enlargers.
One small caution though, you want to verify that it's in working condition. For example, if the power supply is bad, a replacement will cost way more than 200.
Up your way, KHB Photographic sells parts and service for them.
Stick your hand in your pocket--put a firm grasp on your money--now , pull your hand out of your pocket ---and give the man the $200 quickly , before someone else gets there first!!!
Hey, it can and does happen. A family friend and former pro photographer said to help clean out a garage of her house, and said I could take anything I wanted. Under a sheet was a perfect Leitz Focomat enlarger, complete, with lens and the Anti-Newton glass, everything. Free.
That is a great deal. Don't pass it up. Last year I was lucky enough to find a Beseler 45MCRX with all the neg carriers and lenses for only $175. Great deals are out there.