Rare Hondo Formula 1 Electric Guitar

I recently acquired this guitar from a person who said it was stored a long time. I know nothing about guitars but did a little research. Its a Hondo Formula 1 Series guitar from the mid 1980s. Apparently its kinda rare. The tuners are marked Grover, and the there is the name Floyd Rose on it. Not sure what the pick ups are but they appear original. It looks like its in good condition other than missing the bottom string and a cosmetic paint issue on bottom.See photo. I hooked the guitar up to a small practice amp and it worked fine. Ebay has a couple (not in this color) for like $350 and music experts value them ad much as $700. Im only asking $125. Its worth more than that in parts alone. Firm on price.