It sounds like a decent deal, yes. The black model was the base model with steel forks, as opposed to carbon forks. Better for front racks, though, and still has very decent ride qualities, as compared to alloy. There are a couple of things to look out for with the Sequoia, though.

Specialized used a proprietary headset on those bikes, so they can be hard to get replacements for, although I am not 100% certain that applies to the steel forks on the base model. Also, their wheels are fairly awful and probably the worst feature of the bike. Relatively good frame and other components, although the frames can develop cracks, but very ordinary wheels. I'd personally factor the cost of a new wheelset into buying a Sequoia, because it's a matter of when you'll need it, rather than if you will.

Also, be aware that Specialized has stopped making the Sequoia, and its older brother, the AWOL. Not a huge deal, but it does have issues for warranty replacements, etc.