DRF aka Thrifty Bill
Join Date: Jan 2008
Location: The NC Mountains
Bikes: 86 Katakura Silk, 87 Prologue, 87 Cimarron, 14 frame school custom, 73 Paramount
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$200 is on the high end, given current condition, but not out of line. The bike looks good, but it has several minor issues that need to be addressed. Needs new shift cables, some minor rust on components, all bearings replaced (based on how dirty hubs are), bar tape sorted out, tires, tubes, rear brake cable housing routing needs to be fixed, that kind of thing. Mountech RDs are known to have issues, so watch that closely and look for a Suntour Cyclone GT as a replacement. As long as you can do that work yourself, no problem.
If you have to pay a shop to do this work, you definitely paid too much (unless you are in one of those insane bike markets). Do the work yourself, and for $50 or less, you should be good to go.
As a reference point, I sold a similar Univega, in pristine, ready to ride condition, new tires, bearings, grease, bottle holders, bartape, etc (and with Suntour BL derailleurs) for $265.
Last edited by wrk101; 10-28-10 at 01:52 PM.