I agree with FrankR about replacing the head gasket and exhaust cover gasket….but I would add an additional reason:
Those motors have a way of getting the coolant passages in the block clogged by silt and what-not. Is there any chance your motor is a salt-water motor? If so…definitely have a look inside. You might be amazed by the amount of sediment in the various passages.
Maybe…..just maybe…..the PO did in fact replace the impeller……found that the motor still overheated….and decided to sell it?
Maybe.
Here’s a picture I grabbed a few years back….someone went to the trouble to post about all the problem areas