Now is it worth $200? Maybe, but I would offer a little less. Maybe $125 or $150. Plan on at least getting a servicing from a LBS (or DIY if that is your thing).

I bought my wife one similar to that one, but in green without the suspension fork. It has been a solid bike, but really nothing special, either. I thought about selling ours as my wife now has a new road bike, but she said no, as her sister likes to ride it when she comes to visit.