Hard to tell the value without seeing at least a pix. Those bikes bring a pretty good price , restored. But, sounds like it needs a lot of work & some parts. IF,,, IF you can do the work yourself, I wouldn't pay any more than $40 MAX.
If you are just looking for a commuter bike,, you could find a better deal.
Last edited by Esteban32696; 05-25-10 at 04:43 AM.