1. If it's a Music Man Albert Lee signature model, list is around $2,400.
Can be bought from Musician's Friend for $1,800. $400 would be a good price.
Edit to add that on the whole MM guitars are pretty good instruments. Leo Fender was involved in the formation of MM after CBS bought Fender (a low mark in the company's history, CBS was a disaster). He went on to form G&L guitars, which in my opinion are the more true to the Fender ideal.
Music Man guitars are still made in San Luis Obispo, CA IIRC.