I think his buy it now price is ridiculous! It is a High Ten frame. Lower end components. On CL that's a $120 bike on the high end. You can do a LOT better. The Philly CL has some really good deals if she will go for a Mixtee and you can commit to the drive.

Better frame.
http://philadelphia.craigslist.org/bik/1845242415.html
$75 and no worse then the Ebay bike.
http://philadelphia.craigslist.org/bik/1845210065.html
Might have some luck with these 75 bikes.
http://philadelphia.craigslist.org/bik/1843828120.html
Bummer this is a 51cm Terry from late 90's early 2000's. Might be a little big. Price is a bit high but full 105.
http://cnj.craigslist.org/bik/1838091751.html
Decent Peugot Mixtee at a decent price. Looks very clean and ready to ride.
http://philadelphia.craigslist.org/bik/1842910919.html

Here you go! 43cm Fuji Touring with RSX brifters for $375. Thats a good bike. Price is not out of line for what that is and I bet you could wave $300-$325 and get this. 7speed triple RSX brifters will bring 100-125 all day on Ebay.
http://philadelphia.craigslist.org/bik/1841680889.html

Ohh hell willing to drive a little farther? here is another identical in DE for smoking deal price of $200.
http://delaware.craigslist.org/bik/1787569621.html

You know what that may be the same bike being flipped. You might see if you can get the mto fess up and then see if they will take under $300 if it is the same bike.

No pic but at that price it might be worth checking on.
http://philadelphia.craigslist.org/bik/1840016379.html

Worth checking on. The mid 80's were made by Giant and decent enough frames.
http://philadelphia.craigslist.org/bik/1832093873.html

Project
http://philadelphia.craigslist.org/bik/1830689088.html