that looks like a nice bike but I, I am not a raleigh expert, agree, if you can't hop on that and do 100miles after paying $450 it is too much.
likely he found in Dad's garage or a yard sale put tires on and said "OK it is a Raligh and an old one it must be worth XXXX" and that is how he decided the price. where do you live? does this bike fit you?
that crankset is different.
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“One morning you wake up, the girl is gone, the bikes are gone, all that's left behind is a pair of old tires and a tube of tubular glue, all squeezed out"
Sugar "Kane" Kowalczyk