That's not a great price. Considering the amount of work that has to be put into an SR1911 when you get it, there are other pistols that would be a better value in that price range. Springfield and Colt's will get you closer to a usable gun -- with less effort on your part -- than the SR1911 at that price.
Now, if it were down around $600, you might be in the ballpark.
That I could be wrong is an eventuality that has not escaped me. I just painted the pictures as I saw them. I do not know how to do anything else. (Saint Elmer, 1955)