Depends. For us snobs here not really. But it seems to be in good shape and should compare extremely well to brand new bikes at three times the price. If you are looking for a basic bike for transportation and to hop around town you could go a lot worse. If you are looking for a bike with a vintage cache, you could do better. Either would take you places.
Basically you are looking at a commodity bike. See what similar obscure brand bikes go for in your neck of the woods. It is a steel straight top tube hard tail mountain bikes with thumb shifters so that would be what I would be comparing it to.