It looks like a mid-80s Fuji probably with Valite tubing (might be double butted), it seems to have Dia Compe brakes, Sugino crank, SunTour derailleurs (Machin Shin is right about it being ARX), overall, a good mid-level or better road bike. Check that the stem is not seized in steerer tube. I'd say up to $100 is reasonable if the major components and frame are in good conditon.