Originally Posted by
digger531
I wouldn't put much faith in the sellers ability to read a tape measure (24" wheels) but that bike is small. If I was looking at it and everything was in good working order (which I doubt it is) $150 ish. If you are unfamiliar with bikes and how things are supposed to look, feel, sound,and work, I would pass on this one.
700c wheels have a bead diameter (622mm) just under 24.5" - so that measurement doesn't seem far off. And the component mix looks like everything should work well together - so unless you have a strong desire to have everything 'as original' I see no problem with the bike as currently setup, especially if the seller is correct that a bike shop has recently checked it over and made adjustments.
As to how much it's worth, that depends on how well it fits you and on what else might be available. I bought a similar bike about 10 years ago for $400 and have since put over 100,000 miles on it with very few issues - so I certainly feel I've gotten my money's worth.