Not worth paying $200 unless you are buying from some charitable bike co-op or something...
Check out a couple current CL ads, one is supposedly *mint*(ya I know) and the other has fenders that would poss sell on ebay for the asking price. $45 and $75. They can't unload them, posted many times over the past month or two.
http://stlouis.craigslist.org/bik/3897101638.html
http://stlouis.craigslist.org/bik/3886225676.html
For $200 commuter look for a decent steel frame, like chromolly, and downtube shifters, plenty of 80's road bike's would work well. Much lighter and much better components.