IMHO a bit north on the actual value, flared CMC - FF speedsters tend to value at about 20% less than the classic body style unless the flared speedster is done to a high end show quality look. Engine is " rebuilt" but who what and paper trail tells the tale. Smoke equates to a number of unknowns i.e. might just be oil blowing out the bottom of a valve cover or ? ...Any engine work at a minimum... valve guides so it's rebuilt head time also do a leak down test to confirm engine issue as it may very well be rings and or cylinder walls. If you're flared fender fan then this one has decent bones but with a questionable engine, I would think the value is in the $16-$17k range as it sits..... Just my .02