I like this name, it is nicely tight and brandable. I would have appraised it at about 1/4 what you paid for it... but then, you were bidding as an end user and not a reseller and we all know that end user prices rely entirely upon how much an end user wants the name, and what their plans are for it.
If you wanted it that strongly and have big plans for it, and the skill to accomplish that, then the appraisal cost here is moot.
Good luck, it is a catchy name