Journeyman Bike Commuter
Join Date: Aug 2009
Location: Alexandria, VA
Bikes: '88 Fuji Saratoga, '12 Jamis Sputnik, '13 Motobecane Fantom29 HT, '16 Motobecane Turino Pro Disc, '16 Motobecane Gran Premio Elite
Mentioned: 4 Post(s)
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Quoted: 63 Post(s)
This is a solid, well made low-to-mid level bike. Nothing wrong with it. It will have a nutted rear axle, but 3-piece alloy crank. I just fixed up one for a friend to ride for fitness. Provided that it fits, it would make an excellent commuter. The downside will be the downtube shifters, if you're uncomfortable with using them.
Others will echo this...the bearing surfaces will need to be disassembled, inspected, cleaned, re-greased, assembled and readjusted for the bike to work properly. This will also prevent damaging wear from riding it in its present condition. Strip and replace all of the cables. Lubricate the moving joints of the derailleurs and brake calipers... Lubricate the freewheel. True the rims and add new rubber throughout (handlebar tape, brake pads, rimstrips, tubes and tires), and you'll be good to go.
If you need help on any of this, ask specific questions as you go. This assumes that you have the needed specialty tools, which can be had for about $100, and we can list them for you if needed.
The value depends on condition. Reconditioned = $200 or so. As it likely sits = $50. Good luck. PG