2006 Trek 1500

I've got enough stuff to build another bike. My friend want to keep all his components and build another bike as well. He wants to sell me his frame which is a 2006 Trek 1500 for $300.00. I'm told that it's a good bike and I wont be disappointed with the frame. I think it has carbon forks too. What do you guys think. Would I have a nice bike for $300.00 ?

Last year I got a new 2006 Trek 1200 and was told the only difference in the 1200 and the 1500 were the components, which upon examination was true. I love the 1200 and would consider upgrading components before I shelled out the big bucks for another new bike. The front forks are carbon too.