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Nice! Does it run?
From what I can see of the picture -- you got that thing for free! Mine is an 83 and the automatic hubs are still workin' -- I can hardly believe it! I've never had any luck with auto hubs...I see wires or something sticking from the grill -- is it a diesel?
$700 is well worth the fun-factor, Good find! I dang near bought an '85 that looked real close to that one. I went to get the money and come back tomorrow and when I got there the guy had sunk after I went home, up to the roof in a mud hole and ripped most of the rear quarter off.
looks like you got a nice k5.