The prices are starting to come back down to earth on Featherweights. They are nice to have as a portable to take with you, but they aren't all that. Mine sews well but not as fast as I'd like, and the throat space is only big enough to piece, not quilt. There are other great vintage Singers you could get for about $50, including nice cabinet, which can do a whole lot more.
Featherweights are cute and WAY hyped, which is why the price is so much more than other Singers of the same time period.
Just keep looking...