I saw this car at auction in PA in Aug. 2001. If I remember correctly, the entire car had been repainted. It was a pretty good job, though and I don't think it was due to major accident damage. (may have been keyed, oxidized, etc). The car looked pretty good and he wanted around $38-40k for it at that time. It had all those stickers on the window since then. I also remember the interior wasn't as clean as it looks in the pictures. I think the seller said something about this being his personal show vehicle.
I wouldn't worry about the Carfax report. The inspections are something mandatory in many east coast states. It's basically like our smog and safety over here but they go more in depth and check things like tires, etc. The mileage discrepency is probably an error on the DMV or carfax' fault. It could also be a reporting error on the dealer's part but I believe the miles are actual. I didn't check that car too thoroughly because I wasn't interested in the SC.
Seems like a decent car for the money. I don't believe the "no reserve" part, though. You can count on someonw bidding on it for him.