That's a fair price for the lens, perhaps maybe even a few bucks below the average used price:
SMC Pentax-DA L 50-200mm F4-5.6 ED Reviews - DA L Zoom Lenses - Pentax Lens Reviews & Lens Database
If you already have a 70-300mm I don't see why you'd want a 50-200mm, though, as the IQ really won't be any better. Why not get rid of a kit lens or two and replace it with the DA 35mm or some other prime/lens?
Adam
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