If you can get them down to $450, it's sweeter, but how good a technician are you? Could you have accomplished what they did at restoring and tuning up that bike, and do you need any of the post-sales support they might be offerring, similar to what you get with a new bike? If so, look for a suitable frame and parts set and have at it, it MIGHT cost less than they ask at the end of the day. If not, or if all you need is reliable transportation, then even the $450 is probably more than you need to spend. or are you in need of a reliable bike right now?

On Ebay or CL that would probably be too much, and it would come with uncertainty as to what you will actually get. Here you've seen it and ridden it.

Intangibles, I know, but they are part of the story, especially when considering an LBS purchase.

Road Fan