Sounds like a great deal to me. These Saturns used to be as common as mesquitos in a swamp, but even the later model S-series are getting tougher to find. I've had a few in my stable at one time or another:
01 SL2 - bought in August 05' for $2500 (yep, $2500 for a 4 year old car with everything working) blew up engine #1 in 07', installed built motor and blew up the auto transmission in 10', converted to manual and blew up two more engines. Awaiting engine #4.
96 SC2 - "gold line" edition, paid $600 (running and driving with bad hg), bought for the manual trans and swap parts for the 01'. Ended up using most of the drivetrain in the 01'.
02' SL2 - bought wrecked in front for $700, but perfectly driveable with rebuilt 10k mile motor, mint interior and cold ac. Ended up parting out and made a few bucks.
99' SL2 - Bought as a 'flipper' for $300, ended up dragging across the scales as a non running car. Never could get it to run, possibly flooded multiple times in a lady's yard I had to dig it out of.
(current daily) 96' SL2. Manual locks windows, 5 speed. Technically it's dads car, but he's loaned it to me since he bought a newer Civic. Bought with fresh paint job and mint interior for $600 with a blown hg and cracked cylinder head. Rebuilt engine in 2011, blew another hg Feb. 14'. Rebuilt engine again, this time machined the block, re-machined the head, and used ARP studs to hold it together.