Well, what are the compression and leak-down numbers on the long block? Did you check it before yanking it?
If you can't explain for sure what's wrong with the block, it's not worth much. And even then, if it's going to need work, it's still not going to come close to what short/long blocks are selling for. I'd guess $300 for the short-block tops, and $400 for the heads, since they're known not to be in 100% useable condition.
And for the record, $700 is more than I'd be willing to pay for the long-block... I just don't have the money to spend on a spare motor. But if you can't find anyone else, I'm an option if you want to unload some stuff cheap.
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