Yes, I'll go to the extreme and say it's a killer deal, assuming you're getting the scope too.
And, as mentioned by the other members it does eat expensive ammo at $3-4 each shot.
The stock new is about $350
as it's an HS precision with an aluminum bedding block.
The scope is a Leupold and it could be worth $300 and up. It's got a break, installed would be $150. That's $800 and the barreled action is worth $1000 if you pieced it together yourself with components and a Smith. Dies are $60. Brass is worth $3 per piece.
There is no way I would pass on it. Especially if he says he'll negotiate.
Get on the phone and buy it now.
For target work and learning, go buy anything else and learn dialing and all your fundamentals.
Zero this one for the hunt, and go kill anything in North America.
I'd buy it if you want to pass on it. Amazing deal.