I don't think it looks bad or is a terrible deal. Prices of RC's have gone way up and the price you paid is about the lowest I've seen in a year or two when I've even seen one. M48's are even starting to be in short supply and prices of both them and Turk Mausers are creeping up.
I remember when I got mine a couple of years ago and some were saying I paid too much when I paid about $75 less than the local going rate. Value has almost doubled in the relatively short time I've had it and I expect they will continue to rise.