I purchased this bike and 3 others for $40. They wanted $25 but it was for a charity so I offered $40. I didn't know the road bike was worth much as it wasn't a name I knew off the top of my head, there was a nice Raleigh 3 speed ladies bike that was in great shape (hub is a S-A AW with a 1984 mark) which is what I was really buying, and a much poorer Norco single speed ladies and a Free Spirit ladies 3 speed which I'll restore eventually given time. I'll probably sell the other 3, but I've been wanting a road bike, I think this is the one for me, it's even my favorite color.
I volunteer there so we have first picks before the public. Last year the best bike there was a very used Huffy 3 speed ladies bike, I still have that one, my tall daughter likes to ride it.