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I'm just wondering if I have stumbled across something pretty rare. I looked up NADA to get a ballpark value and looked in the classic vehicles section and it doesn't even list a stepside for 1985.
The Flareside trucks are quite rare, as Ford made very few of them. Since yours is a XLT Lariat, that makes it more desirable as collectors' item. The 2007 edition of the Collector Car price guide lists the price for a '85 F150 flareside at $6500 in excellent condition.