Depending on the condition and how well built it is, that doesn't sound like a bad price at all. The tubs alone would be around $100 or so for Sterilite 32 quart tubs (10 of them). I would look it over thoroughly and make sure there are no wear spots in the Flexwatt where the elements were exposed and make sure everything is still square and well built on the rack itself and none of the shelves sag in the middle or anything. Expect it to be HEAVY but if it looks good otherwise, that isn't a bad price.