Seems high to me for being just a engine swap. Looks clean though and it wouldn't surprise me if he has that much into it. That being said, if he were closer to where I live and it were a little cheaper, I'd probably be in trouble with the wife for buying a car.
Same "what?!?" thought on the drum brakes. Is that even possible? I'm hoping he's just a little bit confused. mitchjl22, you might want to contact him and see if that's correct. It's not really much of a selling point.