Don't know much about it, except that it's a laminate and probably from the early 70's. Don't think it has much resale value even in good condition, but I bet it has nice tone. It's a great garage sale find! Put a few bucks and a few hours into it, and you just may have a very decent bang-about guitar.
I bought a Washburn for $10 at a moving sale. I polished out most of the scratches, cleaned and oiled the fingerboard, changed the saddle, nut, bridge pins, and strings... and now I've got a pretty nice guitar with deep, mellow tone that I actualy play a fair bit, and take with me everywhere without any worries.