There are two models, Rollei Magic I (serial numbers 2 500 000 to 2 534 999) and II (2 535 000 to 2 547 597). Only model II has true manual exposure, with I there is just auto plus aperture adjustment for flash and B, In all aspects other than exposure the Rollei Magic is just as good as any other Rollei with a Xenar lens.
PS: I just noticed you are asking about model II, which is of course the preferred choice.
I would buy this camera only if it works. At that price, it would be a good deal.
As far as Rolleis go, I don't think this was its best effort.
I think that the controls are fiddly. There is some oddball method for focusing. It's front heavy. And it's much too heavy and bulky in general.
There are plenty of Automats on the market, and I would buy an Automat before I would buy a(nother) Rollei Magic. A Rolleiflex is a better made camera and one that's easier to use. The other option would be a Rolleicord. Postwar cameras came with the same Xenar that's on the Rollei Magic.
I agree with Mike -- if you already have a Rolleiflex or Rolleicord, this might be an interesting acquisition. And of the two Rolleimagic models, this would be the one to get, for sure, so no reason not to go for it. But don't take the Rolleimagic experience as the typical Rollei TLR experience; you might enjoy one of the others better.
Unless the auto metering works, the camera is a paper-weight.....and the "Magics" have a bad reputation in the Rollei community. Try looking for an MX-EVS, or 3.5E TLR. These are like gold bars in a Swiss bank account (going up not down in value).
Plus you'll have complete control over your image, and a proper Rolleiflex TLR.