At that price it is likely a Springfield Armory Loaded model. At $1,500 that would be a good deal for even a standard M1A, especially in the current market.
As far as expectations, depends on what you want it to do. If you want a sub-MOA scoped rifle, you might be chasing your dream and putting in a lot of work handloading. If you want Minute of Man, then you will be fine.
Beware of any ammo labeled "Light Magnum". M80 ball for the M14 is 150 grain at 2,800 fps. You should be okay with 168 grain match ammo, but anything heavier can be sketchy.
Most shooters will recommend that you do not disassemble the rifle frequently. Most cleaning can be done with a pull through kit, such as an OTIS. That's what I prefer.
Search for the "tilt-test" videos from tonyben on YouTube. He also has a series on complete disassembly and lubrication. Grease what needs grease, oil everything else.