Join Date: Jan 2008
Location: Beaverton, OR
Bikes: 2013 Kona Jake, 2015 Kona Jake the Snake, 2008 Kona Major Jake, 2013 Kona Jake the Snake, 2006 Kona Kula, 2012 Ridley Excalibur, 2001 LeMond Buenos Aires, 1984 Pinarello Gran Turismo, 1982 Trek 614, 1978 Austro-Daimler, 1987 Pinarello Montello
Mentioned: 16 Post(s)
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It's really hard to judge the value of used bikes. A lot depends on the condition of the components. In particular, with a CX bike, if it's been used for CX racing, the components could be trashed, but if it's been sitting in a garage, they could be like new.
The 2004 has Sora components, where 2008 and later Jakes have Tiagra, so you need to consider that when comparing the value to other model years. I've got a 2008 Kona Jake, and I'm very happy with it. The frame and fork on the 2004 look like they're the same as the 2008. The wheelset on the 2004 is different, but it looks good -- strong rims and decent hubs.
The components on that bike are similar to a Motobecane Fantom CX
which you can get new for $500 or a Scattante X-330
which is on sale now for $579. The Jake has a better crank and wheels than either of those, and doesn't carry the shame of a discount brand (if you care about that kind of thing).
Overall, assuming you like the ride of it and the components are in good shape, it doesn't seem like an amazing deal but you could definitely do worse. I'd probably offer less, but maybe be willing to pay $475.
Be sure to buy a good U-lock.