If it is in decent shape (Grandad4's list) then it looks like a very good deal. A clean one like it was recently listed in southern NH for $25k and has been sold. Even without the backhoe it could be a $15k-$17k tractor.
The backhoe looks to be the L5412 which was made by Bradco - has several nice features, like replaceable bushings, spherical joints, well-jacketed hoses, compact and rugged subframe. It also has big cylinders (high digging forces).
These
L4850 and
L5450 TLB units with Bradco bh were the forerunners of the
L48 - virtually the same weight & power. They didn't have hst, but had premium R4 Rubber, a 5-cylinder engine, wet clutch, hydraulic shuttle, front 13 gpm pump, separate ps pump, and extra steel plates reinforcing the frame. Their backhoes and loaders (LA950 and LA1150) were readily removable. At the time they were priced higher than the lighter-weight competitors so their sales numbers were not huge. They are beautifully made - if you are a machinery nut the closer you look the more you will smile.
Beyond Grandad4's list, things to check would be the hydraulic power of the pump - see if the bh stabilizers will lift the back end smartly or if they struggle. Check the swing chain on the bh for wear/looseness. Start the engine from stone cold - a small amount of light blue smoke is normal for the F2803 engine - but it should clear in 5-10 minutes above idle. Also check leak-down rate for fel and bh - with valves centered neither should have an obviously visible drop rate. There can be internal hydraulic wear that doesn't show as leaks outside but shows as drop. Check the hydraulic shuttle for normal forward-reverse-forward function driving along (slowly). Engagement should be smooth with no noises.
There are a lot of posts at TBN about L3 models -
L3350,
L3750,
L4150,
L4350,
L4850,
L5450. One of our super members _Rat_ has a
L4850 in his family fleet. And I have a
L5450 with Bradco like you are considering. Take care, Dick B