that is, metaphorically of course, a steal. I recently went through a bike racer buddy's stuff (gone to that great road race in the sky). His Serotta Colorado, much later than yours, was cinched up for $750 before they even organized the estate sale. Ultegra 8-speed, btw. beat to crap, too.
I don't recall ever looking at it at all before organizing the pile of stuff for the sale (except the normal view of the back wheel, of course).