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There is a “Champion Outboard Motors” facebook group (link below) that may be able to help you with the year, but as has already been said, the 4K was made from 1948-1951 and they were pretty much all the same. They were good runners, and known to be fast for their 7.9 HP rating, as long as the boat and load was small enough to get planed off. There are a lot of those around in Minnesota where I live, probably because they were made in Minneapolis, and later in a factory in a northern suburb of St. Paul. In 1953, models replaced it that had a gearshift. The 4K does pivot 360 degrees, so can be turned around to back up. They do not command a high price. It looks like it’s all there except for the high-speed carb knob (the cover over the spark plugs is often removed and thrown out – yours has it). It does not look dented and dinged up. A lot of them got dinged up bouncing around in the trunk of a car as people took them to lakes and rented a boat back then. I would say if it is cleaned up and can be demonstrated running and cooling (could be running in a big bucket of water), it maybe worth $150. Not shown running, but able to pull the starter rope and feel compression, it’s worth $50 to $75. Prices vary around the country, so it may be worth a bit more outside of Minnesota and Wisconsin. If it was the “Hot Rod Special” racing version, it would be worth considerably more. After sitting all those years, the water pump impeller is likely bad, as it’s a rubber part that goes bad with time whether it’s used or not. Ignition coils and condensers likewise often go bad with age regardless of being used or not. At the facebook group, you will be more likely to find a buyer if you are interested in selling – be sure to post a location, as outboard buyers usually don’t want to pay for expensive shipping. Coils and impellers are getting scarce, but there are parts from other brand motors that can often be modified to fit. It may start up and run with out much trouble, but I would be surprised if it cools. If you clean and shine it up, it could be a nostalgic family heirloom displayed in a rec-room or nice garage (maybe set grandpa’s hat on it) – and it wouldn’t have to run. Here is a link to the facebook site: https://www.facebook.com/groups/551675555554500
Dave