Finish is about average, cracks in the stock leading back from lockplate are a negative--cartouches a minor positive. The lockplate inletting looks a little dinged up. Can't tell if cracks are starting from the buttplate going forward or not, but remember that cracks in Spencer buttstocks never get better. In the photo with the serial number there appear to be scratches at the back of the cartridge guide and where the stock joins the receiver--that and the various issues with the buttstock suggest to me that something was done to it beyond aggressive cleaning--it looks at least refinished but might be replaced or interior repairs. You'll want to go over the wood carefully. Your last photo suggests wrench marks on the barrel--you'll want to check the serial number match between barrel and receiver and also the condition of the metal under the wood.
It looks like it may have been dry-fired a bit--if you're thinking of shooting it, you should look inside the chamber on the right side where the firing pin hits--too much dry-firing can dent the end of the barrel and push metal into the chamber, making it out of round--fixable, but still not a positive. You should also look inside the left side of the chamber to see if it is chipped over the extractor, and if so, how badly. A small triangular chip is common, but if it's much larger it can present issues.
Others (seller included) will probably disagree, but to me it looks more like a $1500-ish gun.