Nice find Scott! My son had the air cooled version and it was one durable bike.
Ummm, all XR's are air cooled.
I paid $2500 for it. Got it off of craigslist. The ad is still there, and the only current ad for an XR650L. There was a 1994 for sale about a month ago for $1200 in a "must sell this weekend" ad on craigslist. However, when I went to look at it, it had been sitting outside in the rain for three weeks without being started and I couldn't get it to start. I love trying to bump start dead bikes.
The owner had a broken leg and couldn't do anything to get it going either. I probably would have bought it if I had had a truck, but I let that one go. I know of a 1999 in Lincoln (near Auburn, out past Sacramento) for $2500, but that seemed too far away for a bike I'm not sure I would buy.
Most of them go for $3000-4000 unless they're fairly new.
I need to get the license plate properly attached, fix one turn signal so that it doesn't fall off, and find out why the carburetor floods if you leave the petcock on when the engine is off. But that's all that it needs.
I'll be doing some parking lot practice with it tomorrow to re-learn tight low-speed turns. And it's refreshing to have a bike I can turn around in my garage with only a three-point turn. The ST2 requires a seven-point turn to get turned around in my garage and the 888 needs about a 25-point turn.
