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I can't see paying more than $3000 for any E30 unless it's incredibly clean and rare, has had a cool motor swap (M30, S50, even M50), or has kick ass wheels and a full Mtech I or II kit. I seriously can not tell you that your car would be worth $5000 because there isn't really anything that special about it. It's a run of the mill 4 door 318i, and even though it's clean (from the outside at least) it's probably not worth a penny over $3000.
That's just me though, I'm sure others will chime in.
I have picked up two '91 325i(2 door) models in the past 5 months. Both are in great shape and running and the black one(125k)was $1400 and the calypso one(139k) was $750. So good luck with your sell...
now that i see there is rattle canned body work i revoke my prior statement of its value at $3500 and retract it to $3000 or about the price you would need to spend in good paint and abrasives to fix that spray can job.
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