The problem with a lot of bikes like this is that boys rode and jumped the crap out them. I know I did. The paint is pretty poor condition and there is a lot of rust. I bet once you tear into it, you would discover things like bent axles and bolts that snap due to rust and corrosion when you try to remove them. Spokes will break if you try to true the rims.
Folks that will pay a lot for these will want one in excellent condition and folks that restore them will want a deep discount for the hours of work required to bring this back to life.
If someone gives you $200 for this, I would take it pretty quick.