Did I Overpay?

You did good. Price a new one.... Can't get a new 27-2 or equivalent for that money.
 
Greetings and welcome to the forum. And the N frame club. These are highly addictive, be careful, you already sound 'hooked'.

Your 5" model 27-2 should have a ramp front sight. Like this one.





Checkeredtopstraps002.jpg



A 6" will have the big square Patridge like the one posted by Tom.

Regards ,,,AlleN-Frame
 
Skeeter Skelton would agree that you did just fine. I have the same piece, a 5", mahogany, 3 T's purchase new in 1975 (?). Out of my collection of various 'N' frames, in various calibers, with every barrel length from 3" to 10 5/8's, it would probably be one of the last to go.
 
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