Track bikes always bring a looooot of money, for some reason. There isn't a velodrome within a day's drive of where I live, and riding the streets around here without brakes sounds suicidal, but, for whatever reason, they bring a looooot of money. This sounds like a nice bike, and there were never a lot of Paramount track bikes - it also sounds like you're at the retail end of the deal.
More particularly, there were a wide range of Paramount models throughout the years, and a corresponding range of value. You need to divulge the serial number and post a picture, there are Paramount experts here (scooper?) who will know exactly what you've got.