That's a really nice plane, once you get into this hobby further, you'll see just how good of a deal you got on that, the person selling it obviously was clueless, one of the servo's alone is worth $20.00.

I'd opt to getting something that's even less tame then that one before attempting to fly it, this way you aren't risking as much destroying, what looks like a vintage plane, heck, even then, you may decide to keep shelved for nostalga purposes alone.