You really need to post the year, make & model before anyone can tell you how good a deal that is.
And of course no bike is a good deal, especially a road bike, if it's not a perfect fit for you.
But yeah, it just sounds like leftover stock that he's trying to move so he can put a better-selling model on the floor. Very standard practice.
RichC
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Training: 2002 Fuji Roubaix Pro (105 triple)
Commuting/Daytripping: 2001 Airborne Carpe Diem (Ultegra/XTR, touring wheels)
Commuting/Touring: 2000 Novara Randonee (Sora/Tiagra/LX, fenders, lights)