S&P made 3 separate lines of guitars using a variety of woods. The beginner line was laminate top, back and sides. The intermediate line was solid top (cedar or spruce) with laminate sides and thier "pro" line was solid top, back and sides. It would be a good idea to determine exactly from what series the guitar you are looking for is from.
I owned a S&P with solid cedar top and cherry laminate back and sides and it was quite mellow in tone. A wonderful guitar for the price actually. I pd something like $260.00 (Cdn) hardshell case included. Apparently it was a "second". A slight marr on the finish on the lower bout/side of guitar, right where a jack would go. It was not even noticeable without careful inspection.
I sold it to a deserving student 2 yrs ago, approx 6 months after I bought it and he loves it to death. I really should not have sold it but the student needed a new guitar worse than I needed a second "beater" and after playing it for 6 months, I felt it was still a good axe for the cash I paid. Only problem so far was a loose brace in the top that was easily repaired.