First, Jasmine is a sub brand of Takamine. It's like the Squire to Fender or the Epiphone to Gibson.
Secondly, are we positive this is BRAZILIAN rosewood? Brazilian rosewood has become one of the more rare tonewoods becuase of it's geographical location and the increased scrutiny on thinning the rainforests of South America. There are strict customs rules about importing these woods as well. So not only are the expensive for manufacturers to acquire, they're expensive to ship as well... This is why instruments made of this wood are so expensive. (there's actually been a recent raid and siezing of tonewood at the Gibson factory in Nashville becuase it was either illegallly acquired or acquired from a vendor who took place in illegal logging) The tonewood business is really driving the prices of high end instruments through the roof and that's why you're seeing more laminate and sapele being used in acoustic instruments.
Now, back in 1995 gutiars were being made all the time with this wood as the overall consensus hadn't been made that this was bad for the rainforests.
So with that all being said, I have no recollection of a Jasmine guitar ever being worth that much... My roommate in college had one that he bought for 90 dollars. It actually played and sounded decent.
I would do a little more digging before I'd pull the trigger on that one though. Don't buy the guitar because it's Brazilian rosewood either as i have played plenty of rubbish guitars made of Brazlian rosewood.