Do some research on Gunbroker and some of the 1911 forums to get a true value. Personally, $800. for a Springfield Loaded sounds like a very good price to me. But then, I love 1911's.
“If ye love wealth better than liberty, the tranquility of servitude better than the animating contest of freedom, go home from us in peace. We ask not your counsels or arms. Crouch down and lick the hands which feed you. May your chains set lightly upon you, and may posterity forget that ye were our countrymen.” ― Samuel Adams