This is an Applause by Ovation Balladeer Acoustic-Electric guitar (likely an AB24 or AE128 model), finished with a Natural spruce top.
Applause serves as Ovation's more affordable, entry-level brand, offering classic Ovation design characteristics at a budget-friendly price point.
The Body: Instead of a traditional flat wooden back, this guitar features Ovation's signature Lyrachord composite roundback design. This molded composite shell is incredibly durable and highly resistant to changes in temperature and humidity that can crack traditional wooden acoustics. It also utilizes a cutaway for easy access to the upper frets.
The Top: It features a spruce soundboard with a traditional center soundhole. The soundhole is decorated with the classic Applause chevron-pattern rosette.
Neck & Fretboard: It has a fast, easy-playing neck profile paired with a rosewood or ovangkol fingerboard. The headstock features the distinct sculpted Applause design with chrome die-cast tuners.
Preamp System: It is equipped with an active Ovation-designed preamp system (such as the OP-4BT or CE304T) mounted on the upper bout.
Controls: This system includes a built-in tuner, volume control, and a 3-band EQ (Bass, Mid, Treble) to easily shape your amplified tone.
Because the Applause line was designed as an accessible alternative to premium USA-made Ovations, they are very affordable on the used market.
Assuming it is in good playing condition and the electronics function properly, these models typically sell used for between $150 and $250.