Based on what I can see, no. "Safety" brake levers and stem shifters indicate a low end bike. Based on the lack of information I can only assume it needs a complete overhaul (bearings, cables, etc.) plus whatever is broken. I'd look elsewhere, maybe buy it if you can get it for $50 and it has no serious issues.
Edit: when looking at used bikes on craigslist, I always assume the worst but hope for the best. Unless this bike was less than a 10 minute drive from my house I would not bother at that price. Too little info in the ad for me to waste my time going any further than that.
Last edited by FastJake; 12-19-11 at 11:18 PM.