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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That's too high for that bike. Around here, you could get something quite a bit better, in ready to ride condition, for around $250. And you could see the local bike in person, make sure it fits, don't have to worry about surprises, etc.
+1 I would not trust someone who has zero feedback on shipping a bike. And that seller is in for a rude awakening when they find out it is going to cost them a lot more than $20 to ship it. Frankly, the $20 shipping figure is a red flag for me, as it shows this seller most likely knows ZIP about proper packaging and shipping of a bike.
I have had three bikes shipped on ebay, two were disasters, and the third turned out fine.