On keh there is a champagne om4t for $200 in bgn condition. For $300 there has been a number of completed auctions on eBay for om3 models at that price range. Unless its pristine in box I think the price is a bit high. Maybe worth it if it's been cla'ed by someone that specializes in Olympus cameras, as the quality of cla's can vary.
All OM-4 models have the old, battery draining circuit board. It is possible that Olympus replaced the camera's board if it was brought in for repair. You can easily check whether or not your OM-4 has the updated board. Switch to battery test mode. If your camera starts beeping your batteries are good. Wait for about 30 seconds. If the beeping stops you have a OM-4TI in disguse. If the beeping does not stop you have a original OM-4
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