Join Date: Sep 2007
Location: Bay Area and Sacramento
Bikes: Bike Friday Tikit
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If it's in good condition, that's a decent enough price, but you may be able to talk them down further. You won't know unless you ask.
I don't personally own a Downtube, but I've been on these forums for a few years, and I have not seen any problems related to this model. As you noted, it's a respected brand overall. No gotchas that I can think of.