Originally Posted by Bianchigirll

If it is too small, and it looks like a very small frame, it isn't worth anything if your 5'9"

Yes the cassette or freewheel (not sure which this is) looks rusty so I would say the bike likely needs a good overhaul, meaning new grease in the bottom bracket, headset and hubs, and maybe some cables. The brake hoods are missing but you can sometimes find them on ebay easily enough.

I would try closer to 200, if you can't do the work it needs this could run you 100+ for the overhaul. Oh and then there is the pedals... does the seller have the original pedals?

Originally Posted by PatTheSlat

I would say that $250ish is reasonable in great shape, but that bike definitely needs work. Missing brake hoods, brake pads look to be the originals, cables look pretty old, I'm sure it hasn't seen new grease in a long time, etc. It's also a TINY frame, if you're over about 5'3, forget it.