That doesn't seem like a bad price, but if you look around you may be able to find one cheaper. I got my non-working white FW for $50 at an estate sale. It took me one day to get things moving and it's sews perfectly. You do take a chance with a non working machine, but FW's are pretty basic and I decided it was worth it. My husband said the machine was so cute it was worth $50 even if it never worked just to sit on the shelf!
I should add that I did look for over a year to find this one and felt lucky that it didn't take me longer to find a white one even in a large metropolitan area.