That seems a fair price to me. Google is your friend. Search around for what deals there are at other sites and you'll know if you're being had or you're good to go.
I had a 111 in .30-06. I only sold it because I wanted something with wood. It was an accurate rifle (at least as far as out of the box) that would shoot 1" groups with hunting ammo. I sold it and the guy that bought it was very pleased with the way it shoots.