This is not a particularly good deal. It's a "PDG Series" Paramount, which was Schwinn's 1991-1993 attempt to leverage the Paramount brand by having bikes built in Asia to Paramount Design Group specs and importing them so that buyers could have a "Paramount" at a lower price point than the Waterford built Paramounts. This bike, a Series 2, was at the bottom of the PDG Series lineup.
PDG Series Paramounts