This is the same exact 'was my first Amiga' system that I bought! I forget what I paid for it, maybe $850 (including 1084DS monitor)?
Is this an NTSC model or a PAL model?
I'm in NTSC territory, so the only issue I have with an Amiga500 like this is that it came configured as 512k chip RAM, 512k fast ram. The hardware needed to be configured in 1mb chip ram mode to reproduce PAL modes properly, so several floppy disk based games wouldn't boot/run on the A500 (without hacking hardware for 1MB chipram.
sigh.. even the A500 had its hardware bugs in production models :/
good news: The software bundle that came with it was great. DPII , ports of call, and Carmen Sandiego.