If this is the unit I must admit I haven't been in it but it's in a great location. It was built in 1990, then remodeled in 2003 so I'm not sure of the quality of finish, energy features, etc.
Prices have adjusted dramatically and you can get newer built units at or below this price, but the locations are not in the main core of town, but still great, close in locations. Here's a link to units currently on the market in the general location and price range.
If your not currently working with a Realtor I would be more than happy to help verify values.