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I also built a rifle on a Doublestar lower - it was nicely machined and finished, everything went together fine with no issues of looseness or binding. Wouldn't hesitate to get another.

As for your deal . . . basic rifles go for $700, a couple of hundred more with the factory quad rail. New sight for $350, 560 rounds of ammo is worth at least $150 (assuming it's not junk like Wolf or reloads) . . . good magazines are at least $10 each. Not a BAD deal from a private seller (no tax) but I'd be inclined to either build my own or buy new.

One more thought . . . even though I like my Doublestar lower, that they only go for around $700 new for a complete rifle suggests that they've taken shortcuts on the other components.