Originally Posted by
doodlebug
New Trek 520's are selling new for over $1000.00. I doubt very seriously you'll be able to pick it up for much less than 500.00. If you can, grab it in a hurry. I've got one. They are super touring bikes, but in my opinion, unless it's already been done, you'll want to change out the gearing. Even today, they still come new with gearing that is a little on the high side for serious touring.
I've picked up half a dozen of them in the last two years for quite a bit less, from 1984 to 1999 models. I've sold them all other than the 1999, all for significantly less than $500. If I sold the 1999, I might ask that much as it is a very nice, 8 speed bike.
The OP bike might be $350 to $400, depending on condition. Nice the OP plans to replace most of the components, I would err on the low end of that range.