hey guys

recently my old bike completely broke down, so I was looking around craigslist and found what I think is a really good deal on a fixie. I'm thinking of going for it since I really need a new bike, and the speed of a fixed gear sounds great. The only problem is I have no idea how good the parts are, so I was wondering if I could get some help. Here's what he says:

-painted white 54cm raleigh fixed gear conversion
-front wheel is a sakae hub laced to an araya rim
-rear wheel is a formula hub laced to an alexrim (fixed/fixed)
-rear hub is stripped on one side but the other side of the hub is like new.
-Cleaned up raleigh crankset with a new shimano bottom bracket and a 42t chain ring (54t included as well) and a 17t chromoly cog and lockring.
-Flat black seatpost and seat, black riser bars with blue oury grips, black generic platform pedals with cages and straps and white kmc chain

I know I'm just kind of dumping this all out there, but I really don't know much about bike parts yet and this is kinda overwhelming. None of my friends really know much about this either, so any help would be great.

The asking price is 225 OBO, is this a good deal? (I'm basically going to be riding this around a suburban area, daily)