Is this a good price for the computer with the following specs?

You could go out and build that for at least half the price. If you have the knowledge, go to Newegg, or any other site that sales PC parts and accessories, and build an incredible one for $1,100 instead of a mediocre one that is displayed here. If you want to build a PC, try to find a friend that you know or find a forum that will give you a great setup to buy, and then watch a video on how to construct it. It gets easier with each build.