http://www.craigslist.org/sby/car/60580581.html
I have seen them sell for about that if they are in really good shape. In pristine condition they are somewhat higher.
I can't see I guy who calls himself "Tupaclude" (as in the rapper Tupac and a Honda Prelude) also owning a 360. Sounds like a ricer who also happens to be a theif, a very common combination in my experience.