Is this camera worth it?

This looks to be in nice condition indeed. The Contax is a late v7. The black nickel Sonnar 50/1.5 is a stellar performer, albeit uncoated.
However the straps in the shutter will almost certainly have already perished or are on the verge of doing so and will want replacement.

So you should figure in the cost of an overhaul into the price. Also while I enjoy shooting my Contax I - the Contax II/III or their IIa/IIIa post war brethren are much better (read: less clumsy) users.
 
The condition is very nice, and the lens looks like a beauty, prodcued in 1933. I think this kit is overpriced as compared to what is available on eBay.
 
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