What is a Dan Wesson Panther 1911 worth?

I don't currently own a 1911 but would like to get into the platform, and a local guy is selling a stainless Dan Wesson 1911. It's the Panther series (K03-S), which from what I can tell was their budget line several years ago. Is it worth $525 if in good condition with a low round count?

Hurrah! I bought the gun today. It's been fired very little and is incredibly tight. Even though this was Dan Wesson's low end model 1911 (according to my web research), it's still a high quality piece. I paid $650 cash to a local guy, and it came with a brand new Bianchi 3S IWB Holster, a US Army style leather holster and 13 extra magazines (mostly DPMS with a few stainless COLT mags).