As the other respondents have said, that is an excellent price for a 3986, and especially with that many of the accessories, which tend to be scarce and pricey if purchased individually. Average going price for them is about $150 +/- each, including the chucks. So if you add them all up, you could say that the lathe is free! Normal asking price for that model (a 12x36 bench model) is about $1200 to $1500 without most of the listed accessories.
However, you should check the bed for wear. The best way to do that is to carry along with you a 0.0"-1.0" and a 1.0" to 2.0" Micrometer. The nominal thickness of the ways is 1/2" and the width is 1-1/2", but that does not mean that the original or new way thickness and width were 0.500" and 1.500". The actual tolerance on the base dimension was about +/- 0.005" or maybe even a little more. But once established, the tolerance between any two spots is +/- 0.0005".
Anyway, establish the original thicknesses and widths at the right end of both ways. Before measuring them clean the areas thoroughly as the lathe was made between 1966 and the Summer of 1974. So there could be more than half a century's varnish buildup. Then measure and record the thickness and width about every 6" from the headstock to the right end of the bed. Note that wiping off with only a clean rag is adequate to make a decision so if it isn't practical to clean down to bare metal, if you do buy it, then make the more accurate test later.
One other thing to check, although it won't enter into the buy or don't buy decision is whether it has steel or plastic compound and cross slide gibs. Judging from the relatively few 3985 and 3986 that we have in the database, the switchover started around the time that those two models were discontinued, so we do not know whether any of those two models were shipped with plastic gibs or not.
Anyway, regardless of whether you buy it or not, try to get the serial number. and whether it has steel or plastic gibs. It will be on an Atlas nameplate on the right end of the bed. The model number is also stamped on that plate.