Seems about right to me. When I bought mine a couple years ago that was pretty much the going price. One thing to keep an eye on, particularly based on your local climate, is the barrel. They are(or at least were, I am not aware of a change) made of white carbon steel, leaving them more prone to surface rust.
It does not seem to be a real issue with normal care, when I purchased mine I was living on the beach and had no issues.