I'm looking into purchasing a used bike that's being sold by a private party for $475. It's an 2003 Ibex Corrado 4.4. I haven't seen the bike yet, but the owner says that it only has about 200 miles on it.

specs for 2003 model: http://www.ibexbikes.com/Bikes/2003/...-LT-Specs.html
specs for 2004 model: http://www.ibexbikes.com/Bikes/COR-LT-Specs.html

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Is this a good deal?

Thanks.