Sounds ok to me. I would expect it to come with training wheels at that price. Keep in mind with a carbon bike that you might be buying a totally useless frame if any cracks or anything are discovered. Cervelo only warranties the frame for the original purchaser.

Could be sounds like a fine deal if all is well from stem to stern. I helped a friend sell his P3SL with a hybrid of old used stuff he had laying around nothing above Ultegra. $1,200 with beat up old Alex A-Class training wheels. Sold on CraigsList in a week. YMMV. A bit of a cult following with the alum P3's, but if your carbon P3 get a good check up I don't see anything but win for you.

That's a pretty good deal, as I've see framesets priced similarly.

How do you go about telling if the frame has a crack in it. The bike is in another state so I would guess an local bike shop could check it out?

You could do that but there are no guarantees.