This bike was one notch below Univega's top model race bike BITD. Granted, it might be a hodge podge parts bike now, but considering how often I've seen people brag about their viva sport or whatever cheapo model that they payed $200 for, it's a more than a little irrational not to think this is a good deal. This is a very nice bike for the price.
It depends on the condition of course. Taking a friend is a good idea. If it's a wreck it's never worth it.
Also, "hodge podge" was original spec on these. It's from an era before the groupset brainwashing fully set in.