There is a bass being sold near me...

fender mim precision bass guitar - $300

I haven't heard much about MIM. Is this a good deal? I'm in need of a new bass.
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Go play it.
I personally would be against buying something with only one pick up in it, but thats not to say there are exceptions.
300$ is about right for a used MIM Fender.
But yeah, go play it and see for yourself.
MIM Fenders are Pretty Nice as far as bass guitars go, I played a MIM P-Bass the other day during a practice with some new guys and it was nice, although the string gauge was a little too thick for my liking but thats easy to fix lol.
The value depends on age and quality. Hasn't the spec of new ones been upgraded recently?