It sounds nice and could be used for a free picture hosting service, even with the "e" prefix. .COM extension is always good. Even with the prefix it is easily remembered. Mid $xx.
Acutally, i think its not that bad, i wouldn't say its worthless, but i think it would be better is it was efreepics.com instead of efreepic.com, its good for image gallery/image hosting/etc, + it got a .com ext, which is popular.
Well id say that just like most picture hosting domains, yours would only be around $10-$15 undeveloped, they are so common, and there's still so many combinations to register that its value is not huge. Just being honest . If you developed it obvisouly it coule be worth more.