I'm over in P.A. so I think you should let me come over and pick it up and let me run it for a few weeks and I'll get back to you on it's condition.
Really though, everything mentioned above are the first things to check. If you're in good with your local dealer, or even if they're good people, you can take it into them, and they can check compression on a scale, vaccum test the case and pressure check the carb for a few bucks, and do it quickly, all in a few minutes. If they're not that good, you may have to leave it there overnight, and pay a little more for it. I don't know, my dealer does little stuff like that for me when I need it. Other than that, run it. If it starts, runs, and idles well, clutch engages and disengages properly, and the saw behaves itself in the cut, well then, it should be good to go. What you will see in saws from our area, is a saw that's had a top end rebuild-a new piston and cylinder, maybe a carb kit because it's been used hard by a pro and those are the first things to need replaced. What's left are bearing and seals getting ready to, or already gone. Like oldsaw said, try to wiggle the flywheel and clutch, and that will tell you about the bearings, and if you get the case pressure checked at a dealer, that'll tell you about the seals.
But my offer to come over and pick it up still stands...
Jeff