a fully coded site with a full CMS such as UI is worth over $800 on its own you idiot, if he made the website as a job he would be fetching over a grand for his work
add in an already established community and the fact that its proven not to be a loss maker adds even more value
you are missing what's going on, he is trying to sell us is his half assed project that fell apart because he doesn't maintain it anymore and/or the concept in general failed due to bad administration. what you are saying is that I should pay full price for a used car. There is no profit in this website unless you are willing to put in a lot of work, which defeats the purpose of paying 1k dollars for it, you are better off taking your own idea fleshing it out and getting things done right the first time around because this site is hardly pretty or exceptionally functional.
sorry to badmouth your website Sephiseraph but this is just the way I see it, but there are wealthy people out there who make terrible investments so I am sure you will be able to sell it for 800 dollars

. But I am just assuming how you are feeling about it, you are sick of the site and want to get rid of it and start something new, and you know in its current state it will not turn 800 dollars in profit anytime soon, and that is why you are selling it.