The piano was fantastic. I was blown away by the sound of this thing given its age.
The action was exactly what I was looking for. Quick response, super light action.
I took comfort in knowing it came from a piano teacher, and was well taken care of and played on a regular basis.
Paid 700 for it (she was asking 1000). If I overpaid for it then so be it.
Congratulations on your new-to-you grand piano, DP!
As for all the negative advice you got here, regarding the older piano, remember that this is more or less a public forum. You will get a broad variety of advice here, ranging from A to Z and everywhere in between. Heck, I've been told that I give bad advice here. But remember, it's free and usually worth what it cost.
What matters most is whether or not YOU like the piano and it meets your needs. And, it sounds like it does!
Wishing you all the best!