Hi,
I'd say that was a good buy, I actually bought a Linn Basik turntable new in 1990 for approx. 800 dollars. Still have it and enjoy using it. The Akito arm I think is very good, while the turntable itself is fairly similar to a Rega turntable, minus the glass platter. Not at all in the same league as a Linn LP12 or some other suspended turntables, but still very good for the money you paid. Incidentally, the cover lid is exactly the same as that on the Linn LP12, so it should be possible to get a new one from a Linn dealer or (perhaps preferably) second hand.
All the best,
Jake