Any info on this bike I need to know? I know the basic specs...but anything additional would be good. I found a listing on craigslist for one, and it seems like its in great condition. Would this make a good first road bike? Is 400.00 they are asking for it a good price?

From what I found its only a 7 speed...I'm worried that may not be a wide enough range, since my area has lots of hills. Input?