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You realize that is 3 phase power right? It might be worth what he's asking, but if you're willing to go with 230 volt three phase you might go ahead and get on old industrial mill. I sold a 2 HP Bridgeport last year with DRO and tooling that was a lot more mill that that for $800, but not everybody wants to deal with moving heavy stuff.
He has replaced the 3phase with a new single phase motor.
There is an $1100 Mill-Rite with a pretty clean table in Madison, on the same site you seem to have found that table top mill on.