I have a similar Encore (same headstock logo so probably same era) and I genuinely consider it one of my best basses. Admittedly I have spent a couple of hours fettling it but it was still very good to begin with.
Being new to all this you presumably don't know about setting up a bass to your liking (forgive me if you do) but it can make an OK playing bass into a superb playing bass, and it's not difficult if you're reasonably hands on.
If you're able to, or live close to someone that could help, I'd set the Encore up to your liking, put the kind of strings on you like and give it a good clean and polish, then spend the saved money on an Nux Mighty Plug and some headphones for practicing.
There's a thread on here about the NUX Mighty Plug, and lots about setting up a bass but ask away here and you'll get plenty of help.