I too owned and rode the very same bike through college 25 years ago. I recently bought one for $150, which I am in the process of refurbishing - as opposed to restoring. I would say that if the bike is in good shape that's a decent price, as in my opinion, 80% of the 'vintage' bikes on Craig's List are hilariously over-priced. You could sit there all day and flag ads as "Looking of a SUCKER!" And I've done that. But I digress.

If the bike has really been sitting inside all this time, chances are it is in pretty good shape under all that dust, including the wheels. If I had looked closer at the bike I bought ( I only saw it for a few minutes in a dark driveway at night ) I would have offerred the guy a $100, since the spokes were coroded enough to warrant rebuilding the wheels. If the wheels are in truly rideable shape, and you don't mind shining it up and replacing the handlebar tape, you might fetch a couple hundred from the right buyer. The rubber hoods are pricey on Ebay. I decided to fit newer, aero brakes on mine.

A picture would really help. What size do you think it is?

DanO