From what I have seen of bay area prices, I say put a front tire and tube on it and ask $180. You aren't likely to get good value if it can't be ridden right away.
If it were my size, where I live, I might consider paying $50 with a tire and tube.
Of course, I bought a full Shimano 600 equipped Ironman Master in great shape for $115. 7 speed indexed downtube shifters, aero brake levers, 700c 32 spoke wheels, with a frame pump. Then I got a free purple bottle cage for it from EastHill.
Are people tired of hearing this every time someone wants pricing estimates on a Centiurion?
Tolfan would probably get the same bike for $17.50 if one shows up in his area.