2011 Trek 7.6 FX Price check

Hello all, I am new to bikes. My neighbor has a pearl white 2011 Trek
7.6 FX, that he just bought 1 month ago. He does not want it
anymore. The bike looks new, and he has some new pedals that your
shoe has to clip in, they are shimano pd m540 pedals. He also has a
pair of new shoes (my size) that clip into the pedals and he will
throw in a new helmet. He bought the bike, lost interest and now
wants to sell it. He said he paid 1200 for the bike and another 200
for the bedals, shoes and helmet. He said I can have it all for 700
dollars, is that a good deal? I appreciate it in advance.

Bj